The New York Stock Exchange is founded, Frazier outlasts Ali, the compact disc makes its debut, and Baseball Hall of Famer Joe DiMaggio dies, all on this day.
1913: The Internal Revenue Service begins to levy and collect income taxes. Only those with incomes of $3,000 or more were instructed to file and initially only 1 percent of all Americans paid some sort of income tax.
Boy Scouts of America
JASON REDMOND / Reuters
Library of Congress
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iStock / LawrenceSawyer
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