Federal Government Income

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #15303
    derosa8
    Member

    What were the primary ways the Federal Gov’t earned revenue before there was an income tax?

    #15304

    Tariffs, excise taxes, and the sale of public land. Revenue sources were much more limited and thus the general government was limited by these restricted revenue sources. Borrowing was also a possibility, particularly when the government maintained a central banking institution.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.