Republican (proto-fascist/socialist) President Taft signs the Corporation Tax Act of 1909, placing a corporate tax of one percent on incomes (profits) of over 5,000 Dollars.
[added 6/3/2022]
Subsequent Events:
Authority:
Article I, Section 8 [Clause 1]
ccc-2point0.com/constitution-for-the-united-states
References:
Corporation Tax Act of 1909, 36 Public Statutes at Large 11 (1909).
Robert Higgs, Crisis and Leviathan: Critical Episodes in the Growth of American Government, (Oakland, California: The Independent Institute, 1987), 113.
Current U.s. National Debt:
