Excerpt
The modern U.S. tax system has its roots in the Civil War. In 1862, when it became clear that the war would not end soon and that the Federal Government would need additional revenues to fund the effort, Congress passed, and President Abraham Lincoln signed, the Internal Revenue Act. The law imposed a temporary flat tax of 3 percent on annual incomes between $600 and $10,000 and a 5 percent tax on those higher than that. It also created what would later become the Internal Revenue Service…
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Foreword
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Tax Law Timeline
Important Dates in Tax Reform History
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Federal Tax System Overview
Equity, Efficiency, and Transparency Criteria
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Corporate Tax Reform
Tax on Corporations as a Revenue Source
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Tax Cuts and Jobs Act
Summary of the House–Senate Tax Reform Agreement
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Legislative Background on Tax Reform
Recent Action in the Congress on Changes in the Tax Code
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Churches and Politics
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Same-Sex Wedding Cake Case
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Temporary Immigrant Protection
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Harassment Training
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Pro & Con
Should the Senate Pass the Tax Cut and Jobs Act?
