answersLogoWhite

0

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.

User Avatar

Wiki User

10y ago

Still curious? Ask our experts.

Chat with our AI personalities

DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine
RossRoss
Every question is just a happy little opportunity.
Chat with Ross

Add your answer:

Earn +20 pts
Q: How was the 1862 tax done?
Write your answer...
Submit
Still have questions?
magnify glass
imp