Nantahala News

In a recent article authored by Jeffrey A. Tucker for The Epoch Times, the historical context of income tax in the United States was discussed. Tucker reflects on a period before 1913 when individuals were not required to report their earnings to the federal government or pay income taxes. During this time, personal finances were considered private and protected under U.S. law and tradition.

Tucker notes that there were no audits, investigations, account freezes, withholdings, or other forms of payment related to income tax. He describes a system where individual productivity was solely between the person and their work.

The article explains that prior to the introduction of income tax, government funding was primarily through tariffs. These tariffs were paid directly by importers and indirectly affected producers and consumers if costs were passed along. This method of revenue collection is described as "relatively noninvasive," allowing citizens to maintain financial privacy.

To explore more on this topic, readers are encouraged to access the full article.