The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
April 16th, 2013
Episode 583 of 901 episodes
The U.S. has a really conflicted history with the income tax. For most of American history, there was no income tax at all. At one point it was ruled unconstitutional. Today, income tax is the federal government's main source of revenue. That raises a question: How did something that was once so strange to us become so central? The answer includes a few wars, a Supreme Court justice on his deathbed, and Donald Duck. For More: Read our post, "From Abe Lincoln To Donald Duck: History Of The Income Tax."And seeWar and Taxes, the book Joe Thorndike co-wrote. Subscribeto the podcast. Music: Nero's "The Promise" and Danny Kaye's "I Paid My Income Tax Today." Find us:Twitter/Facebook/Spotify/Tumblr. Note: This podcast was originally published last year.