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Tax Law

SALT Trivia: Answered!

Thank you to everyone who participated in last week’s trivia question!

Last Week’s Question:
The Internal Revenue Service was created by which U.S. President?

The Answer:
In July 1862, President Abraham Lincoln and Congress passed the Revenue Act of 1862, creating the office of Commissioner of Internal Revenue and enacting a temporary income tax to pay for expenses arising from the Civil War.

Keep an eye out for our next trivia question on Wednesday!