Speaking Of The IRS...Did You Know...

(The American Minute) Withholding taxes from paychecks began JUNE 9, 1943. It was an emergency measure by Congress during World War II to get money to fight Hitler.

It was the idea of Beardsley Ruml, the treasurer of Macy's Department Store who became chairman of New York's Federal Reserve Bank.Ruml was helped by Bernard Baruch and Milton Friedman. The Federal Government would forgive people not paying their annual lump sum taxes at the end of 1941 if they signed up to have future taxes withheld from each paycheck. It was called the "Pay-As-You-Go" tax. It was part of the patriotic war enthusiasm which included slogans such as: "UNCLE SAME NEEDS YOU"; "BUY WAR BONDS"; and "SMASH THE AXIS-PAY YOUR TAXES." Keep Reading FREE REPORT: Is Barack Obama Trying To Destroy The US Economy! Input Your Primary Email Address Below And You'll Receive A Free Gift, Our Downloadable Report On The Cloward-Piven Strategy.       Privacy Policy: We respect your privacy and will not share your email address with ANYONE... PERIOD! Mouse Over The Green Icon To The Left To Share This Story On Your Favorite Social Media Sites. RELATED STORIES