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On this day: March 8

POSTED: 10:44 AM PST Mar 04, 2013    UPDATED: 11:00 PM PST Mar 07, 2013 

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.

OTD March 8 - IRS
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IRS

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.

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