Media Asset
Author:
John Sophocleus
Online Publish Date:
We went from tariffs being the major source of federal government revenue to what we have today under the income tax and payroll taxes. The time scope is from 1789 to the Great Depression. In 1790, 99.9% of federal government revenue is generated by tariffs – the first year we operate under the Constitution. In 1860, still 94% of total fed