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Under the Revenue Act of 1942, approximately 15 million American citizens would become eligible to pay income tax for the first time.In anticipation of the law's passing, Secretary of the Treasury Henry Morgenthau Jr. requested that Disney produce a film to cast the tax increase in a positive light and to explain why the government needed the money.
Supported by pro-free trade members of the Democratic Party, this attempt at tariff reform imposed the first peacetime income tax (2% on income over $4,000, or $88,100 in 2010 dollars, which meant fewer than 1% of households would pay any). The purpose of the income tax was to make up for revenue that would be lost by tariff reductions.
The purpose of the film is to encourage patriotic Americans to file and pay their income taxes faithfully in order to help the war effort. The repeated theme in the film is "taxes to defeat the Axis". The film is in the public domain [5] and therefore can be seen on many gray market videos [6] as well as official Disney releases. [7]
The Current Tax Payment Act of 1943, Pub. L. 68, Ch. 120, 57 Stat. 126 (June 9, 1943), re-introduced the requirement to withhold income tax in the United States. Tax withholding had been introduced in the Tariff Act of 1913 but repealed by the Income Tax Act of 1916. The Current Tax Payment Act compelled employers to withhold federal income ...
EFTPS allows individuals and businesses to make their tax and estimated tax payments securely online using their bank accounts. Payments can be made only after enrolling in the system, and the enrollment process can take about a week (initial online enrollment is followed by relevant information being sent by physical mail, after which the online enrollment process may be completed).
2. In the left navigation menu, click My Wallet | select View My Bill. - The Billing Statement page will appear. 3. From the dropdown menu, select the time period you want to view. Note - You can print your statement by clicking on the Print Statement button.
Federal income tax was first introduced under the Revenue Act of 1861 to help pay for the Civil War. It was renewed in later years and reformed in 1894 in the form of the Wilson-Gorman tariff. Legal challenges centered on whether the income tax then in force constituted a "direct tax". In the Springer v.
Approximately three percent of the population was subject to the income tax. The bill also included a one percent tax on the net income of all corporations, superseding a previous federal tax that had only applied to corporate net incomes above $5,000. [18] The Supreme Court upheld the constitutionality of the income tax in the cases of ...