We have a winner! See comments!
Our next tax trivia question is:
Beginning in the early 19th century, the US did not impose any direct taxes on income for nearly 50 years. Other than occasional excise taxes, what was biggest revenue raiser for the US during that time?
Don’t forget: the first correct answer wins free CCH tax prep software.
What’s your guess?
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{ 7 comments… read them below or add one }
Sales tax on Liquer and tobacco
Tariffs on imported goods.
Nope, taxes on tobacco and liquor are considered excise taxes.
Revenue stamps.
Selling real estate.
Christopher, you win! The US sold public land to raise money.
Didn’t they have lotteries and other forms of gambling?