McGraw Hill Financial Inc (MHFI), Dow Jones Industrial Average: The Day the U.S. Lost its Luster

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The 1862 Act, like its 1861 predecessor, was designed to be temporary. It expired in 1873, and the first permanent income tax in the U.S. was not implemented until 1913.

The article The Day the U.S. Lost its Luster originally appeared on Fool.com and is written by Alex Planes.

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