| Re: How many zeroes in a billion? |
Subject: Re: How many zeroes in a billion? by bogus on 2008/10/5 19:28:58 A little reality. There were taxes 100 years ago... maybe not those, but there were taxes. How else does the government raise income? It sure didn't get it from the goodness of the hearts of citizens. The US government has run in debt since the 1860s, IIRC. I think there were a couple of years in the 1880s where there wasn't any debt, but that's about it. Federal Income Tax started in 1913; and paycheck deductions started in 1942 or so, don't remember the year. This page seems to have the relationships I was pointing out. http://en.wikipedia.org/wiki/United_States_public_debt |
