Once the fed issued currency, the income tax followed.
All the income tax collected from every US citizen only pays the interest on the debt to the fed.
The real question is how the G stays afloat and funds all their nonsense, because its not from the income tax.
Once the fed issued currency, the income tax followed. All the income tax collected from every US citizen only pays the interest on the debt to the fed.
The real question is how the G stays afloat and funds all their nonsense, because its not from the income tax.
Actually, the income tax came first, then the Fed.
94% of federal government revenue comes from income tax.
So, I am in favor of getting rid of it, but I have never seen a real proposal from anyone -- and don't expect Trump to do it, either.
Now, if we can cut government spending by 90% and get back to Constitutional government, THAT would do it. But it is really the only way.