Subsidies

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  • #21897
    pacopasa
    Participant

    Professor Herbener,
    In your lecture on State Intervention in the Northern Colonies you state that Massachusetts paid a 25% subsidy for all linens etc. Where did that subsidy money come from? Tax dollars? Tax credits?

    #21898
    jmherbener
    Participant

    The subsidies were funded mainly by taxes and fees. Here’s a article on the early colonial imposition of fees and taxes:

    https://www.hoover.org/research/colonial-roots-american-taxation-1607-1700

    #21899
    pacopasa
    Participant

    Thanks, looks like low taxes and tax evasion are part of early American history. The only thing that has changed is the low taxes.

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