28 December 2022
US Taxes - Under King George III & Today
However, in 2020 the US total tax revenue as a percentage of GDP was 27.1%, whereas in Britain it was 33.1%. And of course, Britain has had a land tax and a stamp tax (still extant) since the reign of the Dutch usurper, and an income tax since the reign of King George III. In contrast, the US did not have an income tax until 1913, with the passage of the 16th Amendment, tho' there was a temporary, unconstitutional tax levied during the War of the Northern Aggression.
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