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Happy Birthday: Federal Income Tax Turns 100
Originally published on Mon April 15, 2013 11:28 am
DAVID GREENE, HOST:
Good morning, I'm David Greene.
If you weren't finished with your taxes, you may have been buried in paperwork over the weekend. Not true for last-minute filers a century ago. While this year's 1040 tax form has 214 pages of instructions, in 1913 it was just one page. There was a section for how farmers should claim livestock including animal wool and hides. There was a line for losses sustained in firestorm or shipwreck. But sorry, the family account at the country store was not deductible.
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