On This July Day in American History

July 1, 1862 – President Abraham Lincoln signed the first income tax bill, levying a 3% income tax on annual incomes of $600-$10,000 and a 5% tax on incomes over $10,000. Also on this day, the Bureau of Internal Revenue was established by an Act of Congress. July 2, 1776 – The Continental Congress in Philadelphia adopted…

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If You Know Mr. Madison’s Constitution, You’ll Want to Preserve It

March 16 was the birthday of a little man who made a huge impact on America. At 5’4” and not much over 100 pounds, James Madison—our fourth President (1809-1817)—was the smallest of America’s Founders. But he was a Constitutional giant. Madison didn’t write the Constitution single-handedly; it was the product of argument and compromise among…

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