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Taxed Enough Already: Episode 7

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A Brief History of the American Tax System


Buckle up everyone, because this is our most exhilarating episode yet! In which Dan Nuwash provides a brief history over the American tax system!



Dan Nuwash is the Founder and Managing Partner of Finance For Thought and can be reached through our website.


Watch Taxed Enough Already here, on Rumble, YouTube, and listen to it on Apple Podcasts, Spotify, or anywhere you listen to your podcasts.


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Disclosures:
TAX- To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purposes of avoiding penalties that may be imposed by law. Each tax payer should seek tax, legal or accounting advice from a tax professional based on his/her individual circumstances.


TAXES- This material is for informational purposes only. Neither Finance For Thought, FFT nor its Representatives provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions.



Sources:

https://www.treasury.gov/resource-center/faqs/Taxes/Pages/historyrooseveltmessage.aspx

https://www.investopedia.com/articles/tax/10/history-taxes.asp

https://www.investopedia.com/terms/a/alternativeminimumtax.asp

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https://www.history.com/news/why-we-pay-taxes

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$10,000 in 1862 → 2021 | Inflation Calculator (in2013dollars.com)

Historical Highlights of the IRS | Internal Revenue Service

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https://taxfoundation.org/federal-tax-revenue-source-1934-2018/#per

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https://taxfoundation.org/summary-latest-federal-income-tax-data-2018-update/#:~:text=The%20top%201%20percent%20of%20taxpayers%20paid%20roughly%20%24538%20billion,percent%20of%20all%20income%20taxes.

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