Article

Federal Withholding

APRIL 1994
Article
Federal Withholding
APRIL 1994

Some people may not call it a gift, but it has certainly affected a great many lives. In 1943 the U.S. Congress passed a federal income-tax law that included a with-holding plan written by Beardsley Ruml '15. The pay-as-you-go plan has since been adapted by nations around the world