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Taxes enacted by the United States Congress to help finance the Civil War
! were strongly supported by most citizens in the Union.
! allowed the federal government to avoid incurring significant debt.
! kept the sale of public bonds low.
! included a new income tax.
! were vetoed by President Lincoln.

Sagot :

A new income tax was one of the taxes that the US Congress passed to aid in funding the Civil War.

The first income tax in the United States was implemented in 1861 as a result of the financial demands of the American Civil War. Income taxes are levied against both companies and individuals. Based on the income received, individual income taxes are calculated. Congress enacted a progressive income tax bill in 1863. It is typically categorized as a direct tax because the burden is most likely on the persons who pay it. Initially, Congress levied a flat 3-percent tax  on all incomes and later Civil War  changed this idea to include a graduated tax.

Learn more about Civil War here:

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