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Student’s Name Instructor’s Name Course Date Part 1: Wall Street Journal Classroom Edition: Chapter 14, “Taxes and Government Spending” When and why was the first U.S. income tax introduced?What was the main drawback of a national sales tax?Do you agree with Benton McMillin of Tennessee that an income tax is a way to give something back to the free institutions that have enabled people to accumulate wealth? Why? The first income tax was introduced in March 1861 by Abraham Lincoln. Lincoln wanted to maintain federal control over collecting revenue along the South Eastern seaboard ports to avoid falling under the Confederacy Authority (Crossen 36-37). The national tax is usually raised higher due to the existing debts. In addition to causing many families to suffer from national taxes, it also leads to unemployment of large numbers of HR personnel, accountants and lawyers due to the tax system that was implemented (Crossen 36-37). Yes, I do agree with Benton McMillin that income tax is a way to give to free institutions but just like credit cards, you must pay everything back. In every society, there will always be individuals who cannot acquire the best resources or education and that are why these free institutions assist these people. Nonetheless, when they are free, they don’t have a way of bringing in money to carry out these activities....