CLINT, TX. CLINT, TEXAS. Clint, also known as Collinsburgh, is on the Southern Pacific Railroad at the intersection of State Highway 20 and Farm Road 1110, sixteen miles southeast of downtown El Paso in southern El Paso County.
The first income tax was instituted by Congress to help pay for the American Civil War. In 1863, the federal government collected the first income tax. This graduated tax was similar to the income tax we pay today. Those who earned $600 to $10,000 per year paid at a rate of 3 percent. Those who earned in excess of $10,000 paid 5 percent. A flat-rate tax was imposed in 1867.
The rate of tax at the federal level is graduated; that is, the tax rates of higher amounts of income are higher than on lower amounts. Some states and localities impose an income tax at a graduated rate, and some at a flat rate on all taxable income. The highest marginal tax rate for individuals for U.S. federal income tax purposes for tax years 1952 and 1953 was 92%. 2  Since 1964, the threshold for paying top income tax rate has generally been between $200,000 and $400,000.