A Mentally Taxing Quiz

1. What event led to the imposition of the first U.S. federal income tax?

The War of 1812
The Spanish-American War
The Civil War

2. When did the modern version of the federal income tax begin?

1913
1929
1941

3. The highest marginal tax rate today is 37 percent. What was the highest marginal tax rate in U.S. history?

54 percent
74 percent
94 percent

4. Prior to the income tax, how did the federal government generate most of its revenues?

Sales of arable land
Tariffs
Leasing naval ships for transatlantic commerce

5. How many states do not levy an income tax?

Three
Seven
Eleven

6. True or false: Some states began levying an income tax before the federal government introduced an income tax.

True
False

7. Which U.S. city was the first to pass an income tax?

New York
Boston
Philadelphia

8. In what year did the Internal Revenue Service begin accepting electronically filed returns?

1981
1986
1991

9. What percentage of taxpayers filed their federal returns electronically in 2018?

52 percent
72 percent
92 percent

10. True or false: When the federal income tax was initially levied, only people who earned $3,000 or more annually had to pay any federal income tax.

True
False

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A Mentally Taxing Quiz