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.
German Federal Archive/Wikimedia Commons
Christian Hartmann, Mario Anzuoni/Reuters
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