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New Mexico Taxation

406 bytes added, 5 January
Tax Laws: added Paragraph /changed some of the wording
==Tax Laws==
Abraham Lincoln instituted the income tax in 1862, and on July 1, 1862, Congress passed the Internal Revenue Act, creating the Bureau of Internal Revenue (later renamed to the Internal Revenue Service). This act was intended to “provide Internal Revenue to support the Government and to pay interest on the Public Debt.” Instituted in the height of the Civil War, the “Public Debt” at the time primarily consisted of war expenses. For the Southern States that were part of the Confederate side of the Civil War, once Union troops took over parts of the Southern States, income taxes tax were instituted on them. <ref>[ Creation of the IRA]</ref>*To learn more about this Collection click [,_Internal_Revenue_Assessment_Lists_(FamilySearch_Historical_Records) here]*To learn more about the Civil War taxes click [ here]
*To learn more about What history has shown us is that while property taxes are locally levied, there is significant state involvement with the Internal Revenue Assessment Collection [https://www.familysearchamount of tax local political subdivisions can levy, how property assessments are conducted, and what services local taxing subdivisions must provide for their comes at a cost to state taxpayers,_Internal_Revenue_Assessment_Lists_(FamilySearch_Historical_Records) click here] *To learn more about because the Civil War taxes [ has obligations it must fund as well, with a limited amount of state tax-recordsdollars.html click here]
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