Friday, April 16, 2010

CNSNews.com - Original 1040 Tax Form: Only 3 Pages and 1 Page of Instructions

CNSNews.com - Original 1040 Tax Form: Only 3 Pages and 1 Page of Instructions: "(CNSNews.com) – Americans now spend billions of hours each year doing their taxes, or paying someone else to do them. But the first 1040 federal income tax form from 1913, including the instructions, was only four pages long (the instructions covered only one page).

At the same time, less than 1 percent of the population owed any federal income tax and paid at a rate of only 1 percent of net income, according to the National Archives and Records Administration (NARA)."

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