Defining Moment
1913
1913
Progressive Era to New Era Era
Defining Moment
What Americans Were Trying To Do
Raise revenue from income rather than relying mainly on tariffs and excises.
What Happened
The 16th Amendment and 1913 income tax made federal income taxation constitutional and operational. This shifted the federal revenue system toward a tool that could grow with the economy.
How Public Finance Made It Possible
Income taxation enabled larger federal responsibilities and more flexible revenue for the twentieth century.
What This EnabledAmericans inherited a revenue system ablewaradministrationpublic investment
How Americans BenefitedAmericans inherited a revenue system ablewaradministrationpublic investment
Anchor Events
Top 100 Building Events
