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Re: In case you didn’t know, tariffs made up 95% of the US government’s revenue until 1913, at which point they switched to gaining money through taxing you.  

By: Decomposed in POPE IV | Recommend this post (3)
Tue, 06 Mar 18 9:59 AM | 58 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 45233 of 47202
(This msg. is a reply to 45226 by capt_nemo)
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Nemo:

Re: “In case you didn’t know, tariffs made up 95% of the US government’s revenue until 1913”

Great post!

Yes, tariffs - along with taxes on corporate income - are how the federal government was meant to be financed. Taxing employee income should have been ruled unconstitutional since employee income is not profit for the employee. Employment is simply a matter of a citizen TRADING his or her time and energy for an appropriate number of dollars. It's the same as if I traded my TV to you for your lawnmower. Neither of us profits from the exchange and nobody should have to pay taxes as a result.

Corporate income, on the other hand, represents actual profit. Companies buy goods and hire staff, do whatever they do, then sell the goods or services for more than what it all cost. That's what companies are doing if they're successful, anyway. And the gain is what gets taxed.

The personal income tax is unconstitutional. But that hasn't stopped our government from going ahead with it, has it?




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
In case you didn’t know, tariffs made up 95% of the US government’s revenue until 1913, at which point they switched to gaining money through taxing you.
By: capt_nemo in POPE IV
Tue, 06 Mar 18 8:14 AM 		Msg. 45226 of 47202

In case you didn’t know, tariffs made up 95% of the US government’s revenue until 1913, at which point they switched to gaining money through taxing you. It’s no coincidence that this isn’t taught in schools.

The tariff history of the United States spans from colonial times to present. The first tariff law passed by the U.S. Congress, acting under the then recently ratified Constitution, was the Tariff of 1789. Its purpose was to generate revenue for the federal government (to...

http://investmentwatchblog.com/in-case-you-didnt-know-tariffs-made-up-95-of-the-us-governments-revenue-until-1913-at-which-point-they-switched-to-gaining-money-through-taxing-you-its-no-coincidence-that-this/


The Jekyll Island duck hunt that created the Federal Reserve


http://www.jekyllislandhistory.com/federalreserve.shtml

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