June 16, 2024

Death and Taxes

Diane M. Kimura

For most of American history, tariffs dominated taxes as a source of federal government revenue:

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Tim adds:

Yep and that was right and proper. There was no direct taxation by the federal government allowed in the Constitution. The Tariff was it. That kept the Feds in their proper place by limiting the amount ofmoney they had to make mischief with. Since the adoption of the income tax the feds have become an imperial government because they control all of America's money and if you buck them you will suffer. That was never the way it was intended.

BTW the income tax was first levied by the Republicans and Abraham Lincoln to fund the war. They had lost considerable revenue from not collecting tariffs in the South. It was unconstitutional then and repealed before the Supreme Court could strike it down (which iswhy it took a Constitutional Amendment to give us the Income Tax.) Lincoln created the precurser to the IRS at the same time.

Posted by: Timothy Birdnow at 09:22 AM | No Comments | Add Comment
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