Federal Reserve Bank of St. Louis. "Classroom Newsletter: Income Tax: Facts and Filings," Page One Economics® (December 2016). https://fraser.stlouisfed.org/title/5939/item/579252, accessed on May 6, 2025.

Title: Classroom Newsletter: Income Tax: Facts and Filings

Author: Bennett, Jeannette N.
Date: December 2016
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Date: December 2016
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Abstract:
Federal individual income tax must be paid to the U.S. government, but the amounts paid vary widely. This issue addresses basic facts about the tax- its history, purpose, and current structure.
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Educational resources on FRASER are provided in partnership with the Federal Reserve Bank of St. Louis and other regional Federal Reserve Banks. Unless otherwise noted, these resources are free and open for individual and classroom use, reuse, retention, and redistribution, within the terms of our Economic Education Permitted Use policy. For questions about specific use cases, please contact us.
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