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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (236627)	3/12/2002 4:41:27 AM
From: craig crawford	Respond to of 769670

>> With little alternative forms of revenue, is it any wonder why your luminarious list supported tariffs? << that was by design. you don't seriously believe that a tax on income wasn't discussed long prior to its implementation, do you? The U.S. Income Tax A. History unofficial.capital.edu In 1791, Alexander Hamilton convinced Congress to impose taxes on distilled spirits and carriages as a method of socialdiscipline. In 1778 a tax was enacted on real property and a tax of fifty cents was levied for all slaves between the ages oftwelve and fifty. In 1802, at the behest of President Jefferson, nearly all internal taxes were repealed; Jefferson believed the nation could rely entirely on tariff revenue. Although doubled in 1812 and 1814, tariffs brought in just half the revenue that had been collected before the War of 1812. The Tariff Act of 1816 raised import duties even higher. Raised to nearly 50 percent by the McKinley Tariff Act of 1890, tariffs remained the most significant single source of federal revenues until 1894 Learn About Taxes: Colonial and Post Revolutionary America taxgaga.com 1814 - The first income tax is suggested in the US during the War of 1812. Based on the British Tax of 1798, the tax applied progressive rates to income. Due to the signing of the treaty of Ghent, additional revenue was no longer needed and the tax was never imposed.