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Like, when did we even start getting paychecks instead of being paid with cows and wheat and stuff like that?

2006-12-03 15:13:13 · 3 answers · asked by carolinaz_most_wanted85 4 in Business & Finance Taxes United States

3 answers

The U.S. established the first income tax law in 1862. The burden of collections was placed on employers at that time. The first tax rate was 3% and graduated higher based upon income. Cows and other commodities have been used to barter for services and products since the beginning of time. It is still used by some people. People started to use standardized money or currency with the establishment of the Federal Reserve System in 1913. I am not certain when people began receiving paychecks instead of cash. I don't believe paychecks were widely used until after WWII. Prior to receiving paychecks, employers paid their workers in cash and the employee had to sign for their money.

2006-12-03 15:32:37 · answer #1 · answered by Flyby 6 · 1 0

Even back when they traded goods they still payed taxes. They had to pay all kinds of taxes so the concept has been around for a long time.

2006-12-03 15:25:59 · answer #2 · answered by kra_z_fly_chic 2 · 0 0

I don't know when states started taking out "state" income taxes, but now 16 states are letting corporations KEEP the income tax their employees pay in (forget roads, hospitals, etc.) & most employees don't know!. Gottta keep CORPORATE happy, they've bought our govt! Don't believe it?!! Check it out. These states aren't advertising this Corporate Welfare!

2015-01-22 09:08:49 · answer #3 · answered by Gslive 1 · 0 0

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