The year was 1969 – the country was in the middle of the Vietnam War, Richard Nixon was president, and the song of the year was “Sugar Sugar” by The Archies. With political and social angst on the rise, Congress found itself inundated with letters from constituents demanding change – not so much about the Vietnam War but more about the 155 individuals with income over $200,000 who paid no federal tax in 1966.
Learn more about the history of the AMT in this weeks episode of What The T@X!
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