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Daily Archives: January 28, 2025

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2025 Key Numbers

Financial Planning, Tax PlanningBy Robert SchaffLeave a comment

Are you familiar with how our federal tax code originated? In 1909, progressives in Congress attached a provision for an income tax to a tariff bill. Conservatives, hoping to thwart the idea, proposed passing the bill as they believed 75% of the states would not ratify the constitutional amendment, according to the National Archives. To their…

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