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Topic subjectRE: What is the definition of the word Income as used in the Internal Revenue code?
Topic URLhttp://www.pcqanda.com/dc/dcboard.php?az=show_topic&forum=4&topic_id=52616&mesg_id=52757
52757, RE: What is the definition of the word Income as used in the Internal Revenue code?
Posted by Shelly, Tue Jan-20-04 02:06 PM
Yes, We know the Libertarian catechism. This country had an Income tax long before the 16th amendment. We had an income tax enacted in 1862 to support the Civil War.

From 1791 to 1802, the United States government was supported by internal taxes on distilled spirits, carriages, refined sugar, tobacco and snuff, property sold at auction, corporate bonds, and slaves. The high cost of the War of 1812 brought about the nation's first sales taxes on gold, silverware, jewelry, and watches. In 1817, however, Congress did away with all internal taxes, relying on tariffs on imported goods to provide sufficient funds for running the government.