SATURDAY FUN FACT: 🧾💡 Fun Facts About the First U.S. Tax Return! Ever wonder when Americans started filing tax returns? Let’s take a little trip back in time… ✨ 📅 Year: 1913 That’s right — the modern income tax began just over a century ago after the 16th Amendment was ratified. 💰 Top tax rate: Just 7% — but only on income over $500,000 (that’s over $15 million in today’s dollars!) Most people paid 1% or less — if they had to file at all. 🖋️ Filing process: Handwritten, one-page forms — no software, no calculators, just ink, paper, and headaches. 🧑‍💼 Who filed it first? The very first return was due March 1, 1914 and rumor has it some taxpayers hand-delivered them to Washington, D.C. ✉️ IRS back then? It was called the Bureau of Internal Revenue — and it didn’t issue refunds by direct deposit! Today’s tax code may be a little more complex (okay... a lot more), but one thing hasn't changed: taxes are always a part of the American story 🇺🇸

#TaxTrivia #FunTaxFacts #ThrowbackTaxes #TaxHistory #EAcorner #DidYouKnow #IncomeTaxOrigins

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SATURDAY FUN FACT: 🧾💡 Fun Facts About the First U.S. Tax Return! Ever wonder when Americans started filing tax returns? Let’s take a little trip back in time… ✨ 📅 Year: 1913 That’s right — the modern income tax began just over a century ago after the 16th Amendment was ratified. 💰 Top tax rate: Just 7% — but only on income over $500,000 (that’s over $15 million in today’s dollars!) Most people paid 1% or less — if they had to file at all. 🖋️ Filing process: Handwritten, one-page forms — no software, no calculators, just ink, paper, and headaches. 🧑‍💼 Who filed it first? The very first return was due March 1, 1914 and rumor has it some taxpayers hand-delivered them to Washington, D.C. ✉️ IRS back then? It was called the Bureau of Internal Revenue — and it didn’t issue refunds by direct deposit! Today’s tax code may be a little more complex (okay... a lot more), but one thing hasn't changed: taxes are always a part of the American story 🇺🇸