Which, if any, of the following statements best describes the history of the Federal income tax?
A)It did not exist during the Civil War.
B)The Federal income tax on corporations was held by the U.S.Supreme Court to be allowable under the U.S. Constitution.
C)The Federal income tax on individuals was held by the U.S.Supreme Court to be allowable under the U.S. Constitution.
D)Both the Federal income tax on individuals and on corporations was held by the U.S.Supreme Court to be contrary to the U.S.Constitution.
E)None of these.

Question

Quizplus · Accepted Answer

The Federal income tax on corporations was upheld by the U.S. Supreme Court as constitutional, whereas the income tax on individuals was initially struck down until the 16th Amendment was passed.

Which, If Any, of the Following Statements Best Describes the History