WASHINGTON, Feb. 3, 2016 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:
FEDERAL INCOME TAX
Profile America — Wednesday, February 3rd. It may be hard to credit, but there used to be a time when the public sphere wasn't filled with squabbling about income tax rates. The familiar noise began 103 years ago today, when the 16th Amendment to the Constitution was ratified, authorizing Congress to levy taxes on income. In its first two years, the tax was modest, affecting only a very few citizens and provided only a small part of the government's total revenue. But the need to fund our involvement in World War I moved income taxes to the center of federal finances. In 2015, individuals paid — or will by April 15 — around $1.8 trillion in federal income tax, while state and local income taxes amounted to almost $350 billion in the year 2014. You can find more facts about America's people, places and economy, from the American Community Survey, at www.census.gov.
Sources:
16th Amendment/accessed 12/3/2015: http://www.ourdocuments.gov/doc.php?doc=57
Federal tax collection: http://www.usgovernmentrevenue.com/year_revenue_2015USbn_16bs1n#usgs302
State and local tax collections/table 1: http://www.census.gov/govs/qtax/?cssp=SERP
Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button).
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SOURCE U.S. Census Bureau
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