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1245051 [6] Website. columbiasc .gov. Columbia is the capital city of the U.S. state of South Carolina. With a population of 136,632 at the 2020 census, it is the second-most populous city in South Carolina. [7] The city serves as the county seat of Richland County, and a portion of the city extends into neighboring Lexington County.
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The main increase in revenue came from income tax, which in 1915 went up to 3s. 6d in the pound (17.5%), and individual exemptions were lowered. The income tax rate grew to 5s in the pound (25%) in 1916, and 6s (30%) in 1918. Altogether, taxes provided at most 30 percent of national expenditure, with the rest from borrowing.
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