Democratic (socialist/proto-fascist) President Wilson—without a constitutional amendment—signs the Emergency Revenue Act doubling Federal income tax rates, reviving the unlawful estate tax, imposing a “profits” tax on munitions, and establishing the Tariff Commission.

       [added 6/12/2022]

Subsequent Events:

3/3/1917                   5/27/1921

Authority:

“Law of the Jungle”
ccc-2point0.com/preface

References:

Current U.s. National Debt:

$36,167,124,467,492

Source