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How was the 1862 tax done?

Updated: 4/28/2022
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9y ago

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The tax in 1862 was collected about the same as it is today except people were only divided into two tax brackets. Citizens were ordered to pay 3% tax if they earned $600 to $10,000 and 5% if they earned more than $10,000. The reason that this income tax was started was to fund the Civil War.

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