Revenue Act of 1913: Income taxes replaced tariffs to fund the government

Revenue Act of 1913
>The Revenue Act of 1913, also known as the Tariff Act, the Underwood Tariff, the Underwood Act, the Underwood Tariff Act, or the Underwood-Simmons Act (ch. 16, 38 Stat. 114, October 3, 1913), re-imposed the federal income tax after the ratification of the Sixteenth Amendment and lowered basic tariff rates from 40% to 25%

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>ratification of the Sixteenth Amendment
this never happened btw
that is blatant disinfo

i see the problem OP used wikijew as a source, tisk tisk, jidf at it again

i agree, it really needs investigating

Income tax
>The Act also provided for the reinstitution of a federal income tax to compensate for the anticipated loss of revenue from the reduction of tariff duties.
>The most recent effort to tax incomes, the Wilson-Gorman Tariff of 1894, had been declared unconstitutional by the Supreme Court because the tax on dividends, interest, and rents had been deemed to be a direct tax not apportioned by representation.
>That obstacle, however, was removed by ratification of the Sixteenth Amendment on February 3, 1913. The Act, which was declared to be constitutional later that year by the Supreme Court in Brushaber v. Union Pacific Railroad, provided:

>"...subject only to such exemptions and deductions as are hereinafter allowed, the net income of a taxable person shall include gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid, or from professions, vocations, businesses, trade, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in real or personal property, also from interest, rent, dividends, securities, or the transaction of any lawful business carried on for gain or profit, or gains or profits and income derived from any source whatever...."

>The incomes of couples exceeding $4,000, as well as those of single persons earning $3,000 or more, were subject to a 1% tax. Also, the measure provided a progressive tax structure; those with high incomes were taxed at higher rates.

>In only a few years, the income tax became the federal government's chief source of income and greatly exceeded tariff revenues.

>Less than 1% of the population then paid federal income tax.

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so basically the us government realized they werent getting enough money to fund for wars through tariffs so they cut tariffs and taxed the people which turned out to be way more effective and then a series of world wars demoralized the public into submitting to overhwelming taxation out of fear of terror abroad.

>>"...subject only to such exemptions and deductions as are hereinafter allowed, the net income of a taxable person shall include gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid, or from professions, vocations, businesses, trade, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in real or personal property, also from interest, rent, dividends, securities, or the transaction of any lawful business carried on for gain or profit, or gains or profits and income derived from any source whatever...."
this was only possible after the Federal Reserve Act which made every American into a company whose birth certificate doubled up as a treasury bond sold to the Federal Reserve in exchange for fiat printed out of thin air. These acts are both unconstitutional and even if the Supreme Court agrees on anything the fact remains the 16th amendment was never ratified by the government as all amendments must be

The day the jews gained full control of the economy and shifted costs from business to citizens.

No, this was prior to us building the huge costly overseas oriented military. That really came in WWII as they did a good job of going back to normal economy after WWI.

how is "payroll tax" different from income tax?

>"payroll tax"
Business pays the tax
>income tax
employee pays the tax

Imagine how much free money people would have if the system is overturned.
I wonder if people would people still go with this central banking concept if we had the choice

That was before the U.S even had a permanent standing army, not to mention FDR’s new deal

yes WWII really kicked taxation into high gear and the subsequent tax amounts skyrocketed because there were more citizens making higher incomes than ever before. They didn't care they were being taxed so much because they had never made as money before in their entire lives.

the Federal Reserve Act and the Gold Standard and abandonment could fill 2 separate threads they are such huge topics.

since 1783 and the Crown Temple States incorporation a portion of those taxes go to the British owned International Money Fund at the World Bank

i'll gladly keep them alive
if only one person learns something I'd be pleased

Let it be known the Democrats are responsible for the Federal Reserve Act as well as the Revenue Act

bump

and to think the straw that broke the camels back with the original 13 american colonies was a tax on tea.

Half of the business is supposed to pay the tax, and the other half the employee. However, if you're self employed you have to pay the full rate.

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keked
indeed, pissed at a 3% tax rate too
true, and it should be 0 as far as income tax is concerned so self-employed can enjoy the life without being double-dipped on

bump

Bump

Raising tariffs while lowering internal taxes is great for internal growth. I don't know why they did the opposite. Were (((they))) involved somehow?

Proxyfag here, what's the difference between payroll tax and income tax? For most people that would be the same thing

people have to keep buying foreign goods for it to work. american cars cant win and those are made in mexico now mostly. nafta with mexico is safe. it literally means if your not buying a jap car or a german car or a british car made abroad the economy dies. its the only big ticket item that is made over seas

americans will have to buy even more cars from foreign nations we dont have a free trade deal with so the tariffs will cover the cost of property tax. or we need to buy like 5 times as much food from canada

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and income tax is to low for rich people now . so the tariffs replacement wont even be worth doing. you cant cover corporate tax with tariff revenue. its not even possible

Ah, ty

the united states doesnt need an army when every citizen owns a gun is enough

>a gun is the same as discipline
u wot?

All countries need an army. What you don't need is an international ZOG army

>All countries need an army.

t. agressive killer murderer

what possibly could the united states need an army for if every citizen owns a gun

they can just sit there and exist forever

bump

the lowered income tax on rich people only happened recently. used to be the rich were taxed way more.

>For tax years 1944 through 1951, the highest marginal tax rate for individuals was 91%, increasing to 92% for 1952 and 1953, and reverting to 91% for tax years 1954 through 1963.

>For the 1964 tax year, the top marginal tax rate for individuals was lowered to 77%, and then to 70% for tax years 1965 through 1981.

>The top marginal tax rate was lowered to 50% for tax years 1982 through 1986.

>For tax year 1987, the highest marginal tax rate was 38.5% for individuals.
>It was lowered to 28% in revenue neutral fashion, eliminating many loopholes and shelters, along with in corporate taxes, (with a 33% "bubble rate") for tax years 1988 through 1990.

>For the 1991 and 1992 tax years, the top marginal rate was increased to 31% in a budget deal President George H. W. Bush made with the Congress.

this is how clinton got his surplus
>In 1993 the Clinton administration proposed and the Congress accepted (with no Republican support) an increase in the top marginal rate to 39.6% for the 1993 tax year, where it remained through tax year 2000.

>In 2001, President George W. Bush proposed and the Congress accepted an eventual lowering of the top marginal rate to 35%. However, this was done in stages: with a highest marginal rate of 39.1% for 2001, then 38.6% for 2002 and finally 35% for years 2003 through 2010.
>This measure had a sunset provision and was scheduled to expire for the 2011 tax year, when rates would have returned to those adopted during the Clinton years unless Congress changed the law;
>Congress did so by passing the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, signed by President Barack Obama on December 17, 2010

>what possibly could the united states need an army for if every citizen owns a gun
Do citizens own mortars, cannons, tanks, bombers, warships and nukes?

COMPLETE FUCKING TREASON!

no but people who want to invade other countries and blow people up and murder people do

Trump is trying to increase the yellow, has greatly reduced the grey and will also increase the red according to his tax bill (for the future only ofc since he doenst want to lose votes).

>jews and Trump 1 - Stupid 0

Not anymore sadly. I would gladly buy artillery. I think we can technically own certain types of destructive devices but not sure which ones. It's a shame really- practicing with the local militia sounds kind of cool.

bump

so what they did with income taxes and tariffs was first cut tariffs, lock the bottom 80% of income earners into a bad deal with taxes that only got worse with inflation just to keep them living paycheck to paycheck all while continually lowering taxes on the top earners.

quad check
looks like you're going to have to organize some militias.
Good hunting !

checked
it's a big pyramid scheme

ty for the bumps leafbro you are trufren

check'd
nice quads bro

After they introduced the gold standard the us gov seized gold from its own citizens and gave them paper IOU notes in exchange that were supposed to be worth the amounts of gold they had taken from them. Then the us gov abandons the gold standard making the little paper tickets worthless.

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