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.
Social Security taxes were never limited to the first $1,400 of annual income, nor was there any provision in the Social Security Act of 1935 to permanently fix the tax rate at 1%. The Social Security Act of 1935 set the original rate at 1% of the first $3,000 of annual income, with provisions to gradually increase that rate to 3% over the next twelve years: