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Income Tax

Income Tax

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More about Income Tax

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Creative Planning

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Michael Hajek III

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Sovereign Man: Confidential

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Michael Hajek III

Michael Hajek III

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Notes

  • One of the largest state and local government tax categories in the United states
  • The US did not have a steady income tax till the 1913
    • The 16th Amendment authorized income taxation
    • It was passed on the idea that it would only be for the Rich
    • Revenue Act of 1913 levied a 1% tax on net personal incomes > $3,000 (76k in 2018 dollars)

Warnings and Disclaimers

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

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