
About this episode
This episode explores the history and evolution of the federal income tax in the United States.
We haven't always had a federal income tax, and in the beginning, it only applied to the very richest Americans. So how did we end up with the permanent income tax we have today, with all its complicated rules about everything from pre-tax income to deductions and credits? And what does it actually pay for? DONATE TO THE SHOW! Learn more about your ad choices. Visit megaphone.fm/adchoices
Topics covered
- federal income tax
- history of taxation
- tax rules
- deductions
- credits
Keywords
- income tax
- rich Americans
- tax complications
- government funding
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