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Video instructions and help with filling out and completing Can Irs Form 13844 Historical

Instructions and Help about Can Irs Form 13844 Historical

Music. What if there were no taxes? The first federal income tax in the U.S. was implemented to support the Civil War. So, what was the government relying on before then? And how would no federal income taxes affect the U.S. today? If the old adage remains true and the only certain things in life are death and taxes, then it's no wonder a lot of us feel like we're dying around April 15th. But even though taxes have been a cornerstone of the United States, and prior to that, the colonies of the Americas, since its inception, federal income taxes weren't always a part of that equation. So for this episode, I wanted to dive into an alternative history that asked the question: What would the U.S. look like if we didn't have a federal income tax? So, for the first part of this experiment, we have to ask: What preceded the federal income tax and how did it come into place? Well, as I mentioned before, taxes are even more American than your favorite flavor of pie. There were colonial taxes imposed on the 13 colonies by Great Britain's Parliament, but they weren't based directly on the amount of income a person made per year. Instead, they were focused on the indirect taxation of goods and services like the Stamp Act of 1765 that taxed all paper goods. Some of these were designed to collect revenue to enrich the crown and pay for military defense in the colonies, but they weren't exactly popular, leading to cries of "no taxation without representation" and a bunch of tea getting tipped overboard into the Boston Harbor, among other things. But once the 13 colonies became an independent nation, they didn't do away with taxes altogether because waging war and building a central government...