Latest Posts

Presidential Tax Facts

  • Our modern day-federal income tax system was created by the Revenue Act of 1913, which was signed into law by President Woodrow Wilson on October 3, 1913.
  • Social Security numbers were first issued by the Social Security Administration in 1935. The numbers were created to help administer Franklin Roosevelt’s New Deal Social Security Program, officially called the Social Security Act.
  • President Ronald Reagan paid tax in 1981 at an effective rate of 40%, the highest paid by any president.
  • President Richard Nixon’s infamous “I am not a crook” comment wasn’t directed at Watergate; he was referring to allegations that he had not paid his taxes.


Source: Forbes

McCauley Law Offices can help!

Shared Posts