On this day: October 3

Published: Oct 03 2012 01:53:54 AM EDT   Updated On: Oct 03 2013 02:00:00 AM EDT

Bobby Thomson hits the "shot heard 'round the world," Woody Guthrie passes away, Germany comes together, and O.J. Simpson is found not guilty, all on this day.

OTD October 3 - income tax
7 / 60
OurDocuments.gov

1913: President Woodrow Wilson signs the Revenue Act of 1913 into law, establishing the federal income tax. The incomes of couples exceeding $4,000, as well as those of single persons earning $3,000 or more, were subject to a 1 percent federal tax.

Comments

The views expressed are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the TERMS OF USE and the comment you are posting is in compliance with such terms. Your comments may be used on air. Be polite. Inappropriate posts may be removed by the moderator. Desktop and mobile versions of this site use independent comment threads.