1040

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August 14th 1040: King Duncan killed

On this day in 1040 King Duncan I of Scotland was killed in battle by his own men, led by his duke Macbeth. However, there have been claims that Duncan was not murdered. Macbeth, whose full name was Mac Bethad mac Findlaích, then became King. He reigned until his death in 1057 during the English invasion at the hands of Duncan’s son Malcolm. Malcolm became King after assassinating Macbeth’s stepson Lulach who took the throne upon Macbeth’s death. This story is immortalised as the basis for William Shakespeare’s play ‘Macbeth’.

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Tax Day! 100 Years of Form 1040:

Income Tax Form, 1913. Record Group 56, General Records of the Department of the Treasury 

Ratified 100 years ago on February 3, 1913, the 16th Amendment established Congress’s right to impose a Federal income tax. In 1913, due to exemptions and deductions, less than 1 percent of the population paid income taxes. Tax rates began at 1 percent and rose to 6 percent on income over $500,000.

The first Internal Revenue Bureau Form 1040, as provided by Public Law 63-16, was approved October 3, 1913.

The 16th Amendment and the first Internal Revenue Bureau Form 1040, will be on display from April 1 to April 30 at the National Archives in Washington, DC.

(Did April 15th come too soon?  Be thankful it’s not still March 15th!)