Less than 1% of the population was subject to income tax. Rates rose to 7% for incomes over half a million dollars. With the passage of the 16th Amendment, incomes of couples exceeding $4,000, as well as those of single persons earning $3,000 or more, were subject to a 1% Federal tax (that would be about $98,000 and $74,000 now). Previously, customs duties (tariffs) and excise taxes were the primary sources of federal revenue. In 1913, in the year that Harry L Lillie was born, ratified in February the 16th Amendment, establishing a Federal income tax, became law. Refresh this page to see various historical events that occurred during Harry's lifetime.
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