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Wednesday, April 15, 2015

The U.S. didn't institute an income tax until the time of the Civil War, as a temporary measure. It took the Sixteenth Amendment, ratified in 1913, to make it possible for the federal government to tax individuals directly.

But the story of tax day doesn't end there. In 1954, Congress passed nearly 1,000 pages of revision to the Internal Revenue Code. In it, Tax Day would be moved from March 15 to April 15, giving the taxpayer an extra month to recover from Christmas expenses.

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Today's Random Fact:

The federal tax code is now 74,608-page-long. It is 187 times longer than it was a century ago.

From 2010, when Obamacare was passed, to 2014, the tax code grew by nearly 3,000 more pages.

If the tax code continues to grow at the same pace it did over the last century, it will pass 100,000 pages in 2050.

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Bonus Fact:

Tax deniers (tax defiers or tax protesters) are people who refuses to pay tax on constitutional or legal grounds.

Tax protesters raise a number of different kinds of arguments, these typically include constitutional arguments, such as claims that the Sixteenth Amendment to the Constitution was not properly ratified or that it is unconstitutional generally, or that being forced to file an income tax return violates the Fifth Amendment privilege against self-incrimination.

These arguments rarely work out for them.