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August 5th in American History

August 5, 1861

Lincoln imposes first federal income tax

On this day in 1861, Lincoln imposes the first federal income tax by signing the Revenue Act. Strapped for cash with which to pursue the Civil War, Lincoln and Congress agreed to impose a 3 percent tax on annual incomes over $800.

http://www.history.com/this-day-in-history.do?action=Article&id=50716

August 5, 1963

Nuclear Test Ban Treaty signed

Representatives of the United States, the Soviet Union, and Great Britain sign the Nuclear Test Ban Treaty, which prohibited the testing of nuclear weapons in outer space, underwater, or in the atmosphere. The treaty was hailed as an important first step toward the control of nuclear weapons.

http://www.history.com/this-day-in-history.do?action=Article&id=2750


1974 - U.S. President Nixon said that he expected to be impeached. Nixon had ordered the investigation into the Watergate break-in to halt.

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