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To: Pelham
Income tax withholding began in 1862 with the withholding of federal employees’ taxes. That ended in 1864. Withholding returned in 1913 but proved unpopular, so it was discontinued in 1917.

The man you referred to as proposing the modern withholding scheme was Beardsley Ruml. He was with Macy's, not Monkey Wards.

So far as I can tell, none of the people responsible for the above actions were Boomers.

92 posted on 11/16/2011 7:11:17 AM PST by SoCal Pubbie
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To: SoCal Pubbie

“Income tax withholding began in 1862 with the withholding of federal employees’ taxes. “

Lincoln was in many ways the father of modern big government.

“The man you referred to as proposing the modern withholding scheme was Beardsley Ruml. He was with Macy’s, not Monkey Wards.”

That’s the guy. I knew he came from the retail world. Interesting to learn that he was also one of the early proponents of “ functional finance or chartalism”, a practice associated with Keynes.


94 posted on 11/16/2011 9:33:44 AM PST by Pelham (Islam. The original Evil Empire)
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