Video encyclopedia

09/06/1943 U.S. adopts pay-as-you-go income tax


Weekly Address: Pay As You Go


What’s Taxing About Taxes? - History of U.S. Federal Income Tax


Where Does the Federal Government Get All That Money?

Withholding of income, Social Security, and Medicare taxes are required in the United States. The plan was developed by Beardsley Ruml, Bernard Baruch, and Milton Friedman in 1942. The government forgave taxes for the year 1941 and started withholding from paychecks. In addition, certain states impose other levies required to be withheld.
    Explore contextually related video stories in a new eye-catching way. Try Combster now!
    • Essentials 

    • United Kingdom 

    • New Zealand 

    • Australia 

    • Similar systems