Monday, August 5, 2013

Today in History: Today's a Simply Taxed Day!

The Revenue Act of 1861
It's not currently tax season, but certainly hearing the words "income tax" can make you shudder. Sixteenth President of the United States, Abraham Lincoln, imposes federal income tax for the first time on this day in 1861 by signing the Revenue Act. Unlike income tax today, the rates are not over 10%, it was a mere 3 percent on income over $800. In 1871, Congress repealed the law, however, the 16th Amendment, ratified in 1913, was a foundation to the federal income tax system today. 
Marilyn Monroe
Only a year after the ratification of the 16th Amendment, the world's first electric traffic signal was installed on this day in 1914. The traffic light on the corner of Euclid Avenue and East 105th Street in Cleveland, Ohio, was based on a design by James Hoge, but created by inventor Garret Morgan. Today, the green, yellow, and red lights are a familiar sight to those who drive on modern roads. 

Marilyn Monroe is definitely one of the largest sex symbols in the history of not only film, but the world. This day in 1962 marked a sad day for the film industry and fans of Monroe, as she is found dead in her house in Los Angeles. Monroe was faced down, still holding a telephone, nude, and dead when she was discovered by housekeeper Eunice Murray. Monroe was 36 at the time of her death. Decades after her death, Monroe is still a major icon in the world today. 

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