History

Question

Before the implementation of a federal income tax in 1913, how did the U.S. government derive most of its

revenue?

With corporate income taxes

Through inheritance taxes

With high tariffs on imported goods

By raising funds from the wealthiest Americans

Answer

Through high tariffs on imported goods.

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Before the implementation of a federal income tax in 1913, the U.S. government derived most of its revenue through high tariffs on imported goods...