On this day: July 12

POSTED: 09:05 AM PDT Jul 09, 2012    UPDATED: 11:00 PM PDT Jul 11, 2015 

The Medal of Honor is authorized, a favorite toy is born, Walter Mondale makes a historic choice, and "E.T." breaks box office records, all on this day.

OTD July 12 - 16th Amendment
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1909: Congress approves a resolution proposing the 16th Amendment, which, upon ratification in 1913, established the federal income tax.

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