Tax The Rich (1862)
When the idea of progressive taxation arrived in America
This Day (An America 250 History Show)
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Show Notes
It’s September 1st. On this day in 1862, the Internal Revenue Act went into effect.
Jody and Niki discuss how the act codified many of the systems and precepts of our tax code — including the idea that the rich should be taxed at a higher rate than the poor; and that certain “vice” items should be subject to a sales tax.
Find a transcript of this episode at: https://tinyurl.com/esoterichistory
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