Washington's millionaires tax expected to be signed into law
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Robert Goulder and Joseph Thorndike of Tax Notes explore how America’s first tariffs shaped the nation’s fiscal policy and set the stage for today’s federal income tax.
Although you might cringe at the thought of paying taxes on your hard-earned income, taxes are what keep the federal government in business, paying for the services you rely on. For the U.S. federal government, a majority of the revenue comes from income taxes