In honor of Valentines Day, let’s talk about money!!! Because I know you are spending some ;o)
In 1913 the United States Constitution put into place the very first nationwide income tax. This was the year of the first 1040. It was implemented to those who made at least $3000 a year. Given the fact that the average salary of the American worker was $800, equal to $18,176.89 today, compensation and taxes have changed over the years with layers being added.
The following short video is an interesting perspective into the history of where we were and where we are in terms of occupations, taxes and salary.
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