top | item 46912918 (no title) ogogmad | 24 days ago If not for taxes, how would you fund prisons, police, the army, etc? Not to mention other things. discuss order hn newest carlosjobim|24 days ago [deleted] ceejayoz|24 days ago > President Roosevelt rejected funding the war with taxes, and went instead with war bonds.War bonds covered about half the costs.Roosevelt was not shy about taxation, before or during the war.https://en.wikipedia.org/wiki/Revenue_Act_of_1935https://en.wikipedia.org/wiki/Revenue_Act_of_1937https://en.wikipedia.org/wiki/Revenue_Act_of_1942https://en.wikipedia.org/wiki/Individual_Income_Tax_Act_of_1..."A 5% Victory tax on all individual incomes over $624 was created, with postwar credit." load replies (1)
carlosjobim|24 days ago [deleted] ceejayoz|24 days ago > President Roosevelt rejected funding the war with taxes, and went instead with war bonds.War bonds covered about half the costs.Roosevelt was not shy about taxation, before or during the war.https://en.wikipedia.org/wiki/Revenue_Act_of_1935https://en.wikipedia.org/wiki/Revenue_Act_of_1937https://en.wikipedia.org/wiki/Revenue_Act_of_1942https://en.wikipedia.org/wiki/Individual_Income_Tax_Act_of_1..."A 5% Victory tax on all individual incomes over $624 was created, with postwar credit." load replies (1)
ceejayoz|24 days ago > President Roosevelt rejected funding the war with taxes, and went instead with war bonds.War bonds covered about half the costs.Roosevelt was not shy about taxation, before or during the war.https://en.wikipedia.org/wiki/Revenue_Act_of_1935https://en.wikipedia.org/wiki/Revenue_Act_of_1937https://en.wikipedia.org/wiki/Revenue_Act_of_1942https://en.wikipedia.org/wiki/Individual_Income_Tax_Act_of_1..."A 5% Victory tax on all individual incomes over $624 was created, with postwar credit." load replies (1)
carlosjobim|24 days ago
[deleted]
ceejayoz|24 days ago
War bonds covered about half the costs.
Roosevelt was not shy about taxation, before or during the war.
https://en.wikipedia.org/wiki/Revenue_Act_of_1935
https://en.wikipedia.org/wiki/Revenue_Act_of_1937
https://en.wikipedia.org/wiki/Revenue_Act_of_1942
https://en.wikipedia.org/wiki/Individual_Income_Tax_Act_of_1...
"A 5% Victory tax on all individual incomes over $624 was created, with postwar credit."