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Map of Lincoln County. Lincoln County is one of the 36 counties in the U.S. state of Oregon. As of the 2020 census, its population was 50,395. [1] The county seat is Newport. [2] The county is named for Abraham Lincoln, 16th president of the United States. [3] Lincoln County includes the Newport, Oregon Micropolitan Statistical Area.
The measure created a third tax bracket and increased taxes overall from the rates set in 1862. Tax brackets under the Act were as follows: Tax brackets under the Act were as follows: 0%: under $600 (under US$ 14,000 in 2013 dollars, or the about the same as the average of $13,425 in combined personal exemption + standard deduction for single ...
In order to help pay for its war effort in the American Civil War, the United States government imposed its first personal income tax, on August 5, 1861, as part of the Revenue Act of 1861. Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000. [8]
The top 5% of income earners pay 38.284% of the federal tax collected. [74] [75] As of 2007, the agency estimates that the United States Treasury is owed $354 billion more than the amount the IRS collects. [76] This is known as the tax gap. [77] The gross tax gap is the amount of true tax liability that is not paid voluntarily and timely.
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Lincoln City is a town in Lincoln County on the Oregon Coast of the United States, between Tillamook to the north and Newport to the south. It is named after the county, which was named in honor of former U.S. President Abraham Lincoln .
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The Civil War Income Tax and the Republican Party, 1861–1872. (New York: Algora Publishing, 2010) excerpt; Stabile, Donald. The Origins of American Public Finance: Debates over Money, Debt, and Taxes in the Constitutional Era, 1776–1836 (1998) excerpt and text search; Thorndike, Joseph J. Their Fair Share: Taxing the Rich in the Age of FDR.
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