Action plan on tax an impossible task
I shall go back a little further than the 1920s. The first income tax in the world was instituted by Britain in only 1798 and in the United States it was only permanently adopted in 1913. Before then, taxes were levied on imports, property, commodities, or were just straight extortion.
via Business feed http://www.scmp.com/business/economy/article/1288737/action-plan-tax-impossible-task