The Bureau of Internal Revenue, the forerunner…

July 1862 CE

The Bureau of Internal Revenue, the forerunner of the Internal Revenue Service, is established in the United States on July 1, 1862, during the American Civil War, when President Abraham Lincoln and Congress pass the Revenue Act of 1862, creating the office of Commissioner of Internal Revenue and enacting a temporary income tax to pay war expenses.

The Revenue Act of 1862, passed as an emergency and temporary war-time tax, copies a relatively new British system of income taxation, instead of trade and property taxation.

The first income tax is passed in 1862; the initial rate is three percent on income over eight hundred dollars, which exempts most wage-earners.    

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Washington District of Columbia Dist of Columbia United States View →

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Abraham Lincoln View →

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District of Columbia View → United States of America (US, USA) (Washington DC) View →

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American Civil War (War between the States, War of the Rebellion, War of Secession, War for Southern Independence) View →

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Government View → Custom and Law View → Finance View →

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Group: Virgin Islands, United States (United States insular area)
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