When Congress imposed the first personal income tax on Americans in 1861, nothing happened – because there was no agency to collect it! The following year saw the creation of the Bureau of Internal Revenue, or as you know it today, the Internal Revenue Service.
Today, the IRS is a massive federal bureaucracy charged with collecting taxes, doling out credits, and capturing and jailing tax cheats. On this episode, Joe Thorndike, Director of the Tax History Project, walks us through the history and role of the IRS.
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