We have an income tax as opposed to a tariff in part to deal with the mind of the South in 1913—yet the income tax revenue enabled revenue-destructive tariffs.
Income taxes were first introduced to pay for debts incurred from the Civil War. New taxes, like Social Security, were introduced with Roosevelt's New Deal. The Tax Cuts and Jobs Act of 2017 aimed ...
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The New Republic on MSNThe Real Secret Behind Trump’s Insane Tariff ObsessionThe president won’t clarify what his price for ending his idiotic trade war is. Maybe that’s because it’s something he dare ...
Seven years after the Civil War ended, the income tax was repealed, and again the government financed its operations mostly through taxes on alcohol and tobacco. But in the Progressive Era in the ...
When enacting the country’s first federal income tax to finance the Civil War, in 1861, Congress provided that all returns should be “open for examination.” Likewise, when Congress came up ...
Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.
Proponents of the TCJA argued that income tax was reduced among five of seven ... on incomes of more than $10,000 — to pay for the Civil War. On July 1, 1862, the Internal Revenue Service ...
President Donald Trump has proposed abolishing federal income taxes, suggesting that tariffs and taxes on foreign nations ...
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