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Income Tax Planning
Chapter 1: Introduction to Income Tax Planning/FEDERAL INCOME TAXES: A TIMELINE
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Chapter 1: Introduction to Income Tax Planning

FEDERAL INCOME TAXES: A TIMELINE

01.Core Concepts

• U.S. Constitution - taxing authority limited by apportionment clauses • 1894 Congress tried to impose an income tax • Pollock v. Farmers’ Loan and Trust Company (1895)  Federal income tax was held to be unconstitutional • Tax on corporations levied in 1909 • The 16th Amendment