President Trump has suggested that the government eliminate the personal income tax and replace it with tariffs. While some ...
If the great and powerful genie of the American economy granted me only one wish, I would wish for the repeal of the 16th Amendment, which authorizes Congress to tax income, and the institution ...
He made reference to a period prior to the 16th Amendment when the government was financed by tariffs rather than income ...
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
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The New Republic on MSNTrump Says Tariffs Could Have Stopped the Great DepressionDonald Trump claimed Wednesday that the United States entered the Great Depression as a result of turning its back on the policy of placing tariffs on other countries in favor of an income tax. During ...
Conservatives — who aren't the biggest fans of the income tax — actually introduced the 16th amendment. They figured it would never pass hoped its introduction would stop liberals from pushing ...
The U.S. first implemented a progressive income tax system in 1862 to fund the Civil War, but the modern framework took shape with the 16th Amendment in 1913. The amendment gave the federal ...
President Abraham Lincoln first added a federal income tax with the Revenue Act of 1861 ... re-adopted and then held unconstitutional. The 16th Amendment to the Constitution was ratified in ...
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