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Presidential Tax Facts
|Tax Attorney · Villanova University School of Law · Admitted in Delaware, New Jersey, United States Tax Court|September 18, 2018|1 min read
- 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
About the Author
Gregory McCauley Jr., Esq.
Tax Attorney · Villanova University School of Law · Admitted in Delaware, New Jersey, United States Tax Court
Gregory McCauley Jr. is an experienced tax attorney who has personally represented more than 1,000 clients in matters ranging from civil tax controversy and IRS examinations to criminal tax defense, U.S. Tax Court litigation, and complex business disputes. His practice is built on a foundation his c...
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