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21 sats \ 3 replies \ @nerd2ninja 10 Apr \ parent \ on: In 1913, only 2% of households paid income tax charts_and_numbers
How were they funded? Give me the answer. (I think the answer is property tax, but hit me)
It rhymes with "guitar riffs"
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Context of the size of government at the time is critical to note.
Federal Budget was also only about 2.5% of GDP vs 25% of GDP. And only paid half the budget at that time.
The same amount of tariffs today in terms of GDP would pay for about 5% of the federal budget.
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No....Sales taxes (on foreign imports) alone? That's crazy.
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