August 5, 1861: in need of cash to finance the civil war,
President Lincoln signed the federal income tax shall be levied tax laws.
Lincoln and congress agreed to, all the income of more than $800, will be in the
tax rate of 3%. Lincoln knew that taxes will be unwelcome. But he acknowledged
that the United States need to pay for the war. August 5, 1963, President John
f. Kennedy, with Britain and the Soviet union signed a treaty to ban in the
atmosphere, space and underwater nuclear test. August 5, 1974: US President
Richard Nixon admitted the watergate affair with the report. He resigned after
four days. On August 5, 1981, President Ronald Reagan fired 11359 strike air
traffic controllers, said they were in violation of federal law.
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