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“Synchronicity is an ever present reality for those who have eyes to see”*…

 

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* Carl Jung

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As we giggle at the rejiggering, we might recall that it was on this date in 1943 that the Current Tax Payment Act was passed– (re)introducing employer withholding of employee tax obligations.  Withholding had first appeared as a feature of the income tax that was introduced pursuant to the Revenue Act of 1913.  It was so unpopular, with employers and employees alike, that it was repealed by the Income Tax Act of 1916; from then until 1943, income taxes were collected at the end of the year in a lump sum.

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Written by LW

June 9, 2014 at 1:01 am

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