The history of the Whiskey Rebellion is shrouded in myth. Many scholars consider it a victory for the young U.S. government. But was it really a win for the anti-tax patriots? What caused the Whiskey Rebellion? The Whiskey Rebellion was the second major internal uprising in U.S. history (preceded only by Shays’ Rebellion). It was…
In 1935, Benny Goodman launched the Big Band era with a famous performance in Los Angeles. By 1946, the Big Band era was dead. Despite high popularity, it was replaced by the far less dance-friendly (and far less popular) BeBop era. What happened to the Big Band era? The U.S. government holds a substantial part…
It’s been one hundred years since the modern income tax was created, via the 16th Amendment to the U.S. Constitution. Back then income tax rates ran from 1% for annual incomes over $3, 000 to 7% for annual incomes over $500,000 (that’s $11.6 million in today’s dollars!). Current tax rates run from 10% to 39.6%….