Just think for a moment that after The American Revolutionary war our infant nation had no means of paying its debts. When the war ended, the United States had spent $37 million at the national level and $114 million at the state level. The United States finally solved its debt problems in the 1790s when Alexander Hamilton founded the first bank of the United States in order to pay off our debts and establish good national credit. The thing is we had to generate money to pay off our debts and that came about with The Tariff Act of 1789 to authorize the collection of tariff and tonnage duties to pay to provide funds to pay the interest and principal on revolutionary war debts inherited from the Continental Congress.
Our very first income tax was signed into law by President Abraham Lincoln in 1862 to help pay for the Civil War and that was just on a temporary time table. This tax was repealed in 1872. It was the 16th Amendment, adopted in February 1913, that gave Congress the legal right to levy an income tax. On the evening of Oct. 3, President Woodrow Wilson signed the Revenue Act of 1913 that allowed the collection of a federal income tax—starting the next day. At the time there was a total of 400 pages for this new income tax and now it has reached a total of over 75,000 pages which I am sure its probably more like 100,000 pages. To think that all the way from President Washington until President Wilson a Democrat in 1913 who was a racist and mocked our Constitution while he was a Dean at Princeton University our Republic did well without a permanent income tax outside of a few temporary
The following was posted by Terence P. Jeffery: “(CNSNews.com) “Americans on average spent more on taxes in 2016 than they did on food and clothing combined, according to data released this week by the Bureau of Labor Statistics.”
“The same data also shows that in three years—from 2013 to 2016—the average tax bill for Americans increased 41.13 percent.”
“In 2016, according to BLS, “consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent more on average on federal, state and local taxes ($10,489) than they did on food ($7,203) and clothing ($1,803) combined ($9,006).”
“The average tax bill for American “consumer units” increased from $7,423 in 2013 to $10,489 in 2016, according to data released this week by the Bureau of Labor Statistics.”
One thing that is very noticeable are the items that are left out such as utility costs such as cable, internet, cell phone and land phones, electric, which take up a big chunk of the monthly bill. How about medical insurance and medical bills. It’s a miracle how there can be money left over at the end of the month at all. On top of this you have the brain-dead Democratic Party (socialists) who wanted to tax the air we breath with all the phony global warming climate change crap. We The People are being taxed into submission which has always been the socialists plan of choking America into financial ruin. How can we not feel that President Trump is our last hope!
Reblogged this on Brittius.