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re: Imagine the US government’s only source of revenue being tariffs.
Posted on 11/20/18 at 10:42 am to tigereye58
Posted on 11/20/18 at 10:42 am to tigereye58
Do you know what happened in 1913?
Posted on 11/20/18 at 10:56 am to TaderSalad
quote:
Do you know what happened in 1913?
I do. So you’re saying that the year we shifted away from tariffs our economy started its decline?
“February 3 – The 16th Amendment to the United States Constitution is ratified, authorizing the Federal government to impose and collect income taxes.
April 8 – The Seventeenth Amendment to the United States Constitution is passed, dictating the direct election of senators.”
LINK
Lots of things changed. Tariffs were at 40% and cut down to 25% when the income tax was reintroduced. . Imagine that.
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