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The federal government had also adopted an income tax in the Wilson–Gorman Tariff Act, but that tax had been struck down by the Supreme Court in the case of Pollock v. Farmers' Loan & Trust Co. The Revenue Act of 1913 imposed a one percent tax on incomes above $3,000, with a top tax rate of six percent on those earning more than $500,000 per ...
James Wilson (3 June 1805 – 11 August 1860) was a Scottish businessman, economist, and Liberal politician who founded The Economist weekly and the Chartered Bank of India, Australia and China, which merged with Standard Bank in 1969 to form Standard Chartered.
James Wilson (September 14, 1742 – August 21, 1798) was a Scottish-born American Founding Father, legal scholar, jurist, and statesman who served as an associate justice of the United States Supreme Court from 1789 to 1798.
Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000. [8] This tax was repealed and replaced by another income tax in the Revenue Act of 1862. [9] After the war when the need for federal revenues decreased, Congress (in the Revenue Act of 1870) let the tax law expire in 1873. [10]
The income tax provision was struck down in 1895 by the U.S. Supreme Court case Pollock v. Farmers' Loan & Trust Co., 157 U.S. 429 (1895). In 1913, the 16th Amendment permitted a federal income tax. The tariff provisions of Wilson-Gorman were superseded by the Dingley Tariff of 1897.
James "Tama Jim" Wilson (August 16, 1835 – August 26, 1920) was an American politician who served as United States secretary of agriculture for sixteen years during three presidencies, from 1897 to 1913. [1] He holds the record as the longest serving United States Cabinet member.
Enjoy a classic game of Hearts and watch out for the Queen of Spades!
James Wilson I (New Hampshire politician) (1766–1839), US representative; James Wilson II (1797–1881), US representative, son of James Wilson I; James Wilson (Pennsylvania politician) (1779–1868), US representative; James Wilson (Secretary of Agriculture) (1835–1920), United States secretary of agriculture and US representative from Iowa