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To: rodguy911
Today the internal revenue code (income tax)provides about 45% of US revenue, along with 35% from Social Security and Medicare taxes. (https://www.thenewamerican.com/culture/history/item/14268-before-the-income-tax)

Prior to the implementation of the internal revenue code, TARIFFS were the primary source of US revenue. Of course, that was a much different world back then.

82 posted on 06/10/2018 8:16:03 AM PDT by Bernard (The only Fair Tax is the Tax that Taxes You and not Me.)
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To: Bernard

Yeah times change.


90 posted on 06/10/2018 8:42:32 AM PDT by rodguy911 (Home of the free because of the brave! MAGA!!)
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To: Bernard

It should be stressed that at the Founding there was no other way to fund the federal government than thru a tariff. Now even with a 100% tariff there would not be enough to build a nuclear submarine much less the whole military.

Also to be considered is the fact that our economic structures had been totally warped by the Colonial System and needed a tariff to achieve a more natural economy.


166 posted on 06/11/2018 1:37:45 PM PDT by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
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