Historical Political Events for July 01

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Year Event
1862 The Tax Act of 1862 was passed and signed by President Lincoln. The rates were 3% on income above $600 and 5% on income above $10,000. Compliance with this first Income Tax was poor, even though there were needs for the "War Between the States". After the war it was declared unconstitutional by the Supreme Court.
1862 Lincoln signs the Pacific Railroad Bill which "assured the fortunes of a dynasty of American families . . . the Brewsters, Bushnells, Olcotts, Harkers, Harrisons, Trowbridges, Lanworthys, Reids, Ogdens, Bradfords, Noyeses, Brooks, Cornells, and dozens of others." Noted for its spawning of vast corruption and waste, the bill was touted as a "economic and military necessity". See more here.
1867 The British North America Act created the Canadian federal government. This event is now celebrated as a national holiday now called Canada Day.
1943 Pay-as-you-go income tax withholding began. This resulted in a dramatic increase of the tax burden on the American public. Another "temporary" government scam.
1966 The Medicare federal insurance program went into effect.
1971 The U.S. Postal Service, a semi-governmental agency, replaces the Post Office Department. It is still more government than business!
1972 The Alcohol, Tobacco and Firearms Division (ATFD) of the Internal Revenue Service was separated from the Internal Revenue Service and given full Bureau status in the Treasury Department. It is now called the Bureau of Alcohol, Tobacco and Firearms (BATF).
1980 President Carter (D) signs the Motor Carrier Act that curbs federal controls over interstate trucking.
1991 The Warsaw Pact is dissolved.
1992 The "National Plumbing Products Efficiency Act" contains proposed national standards that became effective this date. Limits the amount of water you can use per toilet flush to 1.6 gallons, and other such idiocies. [The criminal class in the US is growing exponentially!]
2005 U.S. Supreme Court Justice Sandra Day O'Connor announces her retirement after 24 years of service on the Court.
and . . .
Quote of
the Day
The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the least possible amount of hissing.
    — Jean Baptiste Colbert
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