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To: central_va
And what was the Federal income tax rate in 1913? A whopping 1% over 20K. In todays terms that would be like paying 1% on income over $1.5 million. Below that you paid nothing. In the mid teens through much of the 20s, the income tax wasn't material to most people. But tarrifs were. And what did we get in the first part of the 20th Century? Two massive world wars, Europe in complete ruin, fascism, nationalism, the rise of communism, death camps.

The income tax increased and tarrifs receaded because we learned the hard way that shooting wars follow trade wars like night follows day.

106 posted on 12/19/2016 6:57:47 AM PST by Poison Pill
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To: Poison Pill
Ok. I will put you down as a progressive liberal defender of the income tax, a "useful idiot" of the globalist. Turn in your Conservative membership card.

More tariffs and less income taxes!

107 posted on 12/19/2016 7:04:00 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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