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Taxation in the United States | HearLore
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Taxation in the United States
Internal Revenue ServiceIn July 1862, President Abraham Lincoln and Congress passed the Revenue Act of 1862. This law created the office of commissioner of internal revenue to…
401(k)On the 6th of November 1978, Congress enacted Section 401(k) as part of the Revenue Act. This law created a new type of employer-sponsored retirement plan…