Tax laws affect all citizens of the United States. Various facets of the economy rely on correct application of tax laws. Tax professionals play a critical role in assisting individuals as well as businesses comply with these complicated laws. To correctly compute an individuals taxes, a brief historical review of how the United States got here is necessary.How did these laws come to be in the United States? In this unit, you will briefly review its history.The first federal income tax was passed in 1861. When was the next one passed and why was it necessary? Why was pay-as-you-go withholding needed in 1943?Canyou make response each posted below? # 1 to 3 posted1. Christy Brown posted Apr 22, 2018 1:40 AM Good evening classmates and Prof,The federal income tax was originally passed in 1861 to fund the civil war but was soon put to sleep after the war was over. In 1894 the federal income tax was reinstated to help the government again fund their operations. In 1895 the federal income tax was deemed unconstitutional and the 16th amendment was put into place. in 1943 a pay-as-you-go withholding was put into play to avoid certain tax collection problems and allowed to have tax expansions for better coverage of financial needs within the government. ReferencePope, T. R., Rupert, T. J., Anderson, K. E. (2018). Pearson’s Federal Taxation 2018 Individuals, 31st Edition. [Purdue University Global Bookshelf]. Retrieved from https://purdueuniversityglobal.vitalsource.com/#/books/9780134562100/2. Shaun White posted Apr 21, 2018 11:26 PMHello Class,The 2nd federal income tax was passed in 1913 with the passing of the 16th Amendment. It was necessary because after the initial taxation of 1861-1865 to help pay for the civil war, they attempted to bring back the tax in 1895 but it was “ruled unconstitutional by the US Supreme Court” (Pearson Education). By making the tax part of the constitution itself voided the charge of it being unconstitutional. Pay-as-you-go withholding was needed “to accommodate the broadened tax base and to avoid significant tax collection problems” (Pearson Education). According to Pearson Education, by 1939 less than 6% of the population was being taxed. In order to help fund World War II, that number quickly grew to 74% in the next 6 years. Moral of this discussion is that wars are expensive! 3. Elisha Johnson posted Apr 21, 2018 10:48 PMHello Everyone,Hope you are all finding yourselves well tonight! So, our first question is “How did these laws come to be in the United States”? The simplified answer is that it began with the Revenue Act that was instated in 1861, which allowed for personal incomes to be taxed in order to provide needed funds for the war; this act remained in effect until four years later, in 1865. The flat rate federal income tax was then opposed shortly thereafter, only to be reinstated in 1913 when the 16th amendment was passed. These laws were later codified into internal revenue code. The pay-as-you-go withholding was needed during 1913 because our government had financial needs during the war and this allowed for the tax base to be ‘expanded’. Internal revenue code was also created in efforts to anticipate and hopefully, avoid altogether any tax collection issues altogether.Sincerely,Elisha JohnsonReferences:Pope, T. R., Rupert, T. J., Anderson, K. E. (2018). Pearson’s Federal Taxation 2018 Individuals, 31st Edition. [Purdue University Global Bookshelf]. Retrieved from https://purdueuniversityglobal.vitalsource.com/#/books/9780134562100/
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.