The First Government Bailout!!
Interesting history lesson for me....
Americans are enjoying a brief tax holiday this year–filings are not due until April 17–and credit for the postponement goes to an unexpected hero: none other than Abraham Lincoln. (Of course, Lincoln was also responsible for introducing federal income taxes in the first place, but that is another story.)
The explanation for the reprieve has nothing to do with the burdens of taxation, and everything to do with the blessings of liberty. A hundred and fifty years ago, Lincoln became the first American president to sign a law–any law–restricting slavery. On April 16, 1862, he approved a measure freeing (technically buying–then the biggest government bailout in history) all slaves in Washington, D.C. The capital now marks the 16th as a holiday, with government offices shut down, the IRS included.
Tax holiday inspired by freedom - Yahoo! News
Interesting history lesson for me....
Americans are enjoying a brief tax holiday this year–filings are not due until April 17–and credit for the postponement goes to an unexpected hero: none other than Abraham Lincoln. (Of course, Lincoln was also responsible for introducing federal income taxes in the first place, but that is another story.)
The explanation for the reprieve has nothing to do with the burdens of taxation, and everything to do with the blessings of liberty. A hundred and fifty years ago, Lincoln became the first American president to sign a law–any law–restricting slavery. On April 16, 1862, he approved a measure freeing (technically buying–then the biggest government bailout in history) all slaves in Washington, D.C. The capital now marks the 16th as a holiday, with government offices shut down, the IRS included.
Tax holiday inspired by freedom - Yahoo! News