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.

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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 run the government and to pay the interest on its debt), and also to act as a protective barrier around domestic industries.[1] An Import tax was collected by treasury agents before goods could be landed at U.S. ports.
Tariffs have historically served a key role in the nation’s foreign trade policy. They were the greatest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913. For well over a century the federal government was largely financed by tariffs averaging about 20% on foreign imports. There are no tariffs for imports or shipments from one state to another. Since the 1940s, foreign trade policies have focused more on reciprocal tariffs and low tariff rates rather than using tariffs as a significant source of Federal tax revenue.
Tariffs were the main source of revenue for the federal government from 1789 to 1914. During this period, there was vigorous debate between the various political parties over the setting of tariff rates. In general Democrats favored a tariff that would pay the cost of government, but no higher. Whigs and Republicans favored higher tariffs to protect and encourage American industry and industrial workers. Since the early 20th century, however, U.S. tariffs have been very low and have been much less a matter of partisan debate.

www.revolvy.com/topic/Tariffs%20in%20United%20States%20history&item_type=topic
en.wikipedia.org/wiki/Tariffs_in_United_States_history
How time has changed:

Tariffs were the main source of revenue for the federal government from 1789 to 1914. During this period, there was vigorous debate between the various political parties over the setting of tariff rates. In general Democrats favored a tariff that would pay the cost of government, but no higherRepublicans favored higher tariffs to protect and encourage American industry and industrial workers.

en.wikipedia.org/wiki/Tariffs_in_United_States_history

 
h/t Bucks2001

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5 thoughts on “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.

  1. if national governments have proven anything, they have proven that they are the source of 99% of all problems and 100% of all wars!
    The time of national governments must come to an end, and they don’t need to be replaced by the next group under some twisted incarnation of insidious psychopaths insisting that they know whats best,. like the EU, nor do we need the creatures controlling the world as united nations.. as they are all groups of know nothings who are hell bent on control and remaining at the top of the financial food chain.
    Anyone insisting that they be in charge of nations should be shunned and avoided at all costs!

  2. With the sinking of the sister ship of the Titanic, the money powers killed the three wealthiest opponents of the central bank. J.P. Morgan was supposed to be on board but cancelled at the last minute. Kind of like that jerk who owned the twin towers. Employees on board were sworn to secrecy about the intentional sinking of what they called the Titanic. Another insurance fraud like 9/11

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