From 1789 to 1849,
Tariffs were the sole source of funding the US federal government. The total revenues for these first 60 years
amounted to $1,160,000,000. The average revenue was $19,000,000 per year and
ended with a surplus of $70,000,000. In
that time, the US paid off war debt for the Revolutionary War, the War of 1812
and the $15 million cost of the Louisiana Purchase.
From 1850 to 1900,
Tariffs were used to fund revenue. The total revenues for these next 50 years
amounted to $14,462,000,000 for an average annual revenue of $289,240,000 per
year and ended with a deficit of $991,000,000.
From 1900 to 1913,
Tariffs were used to fund revenue for this 13 years was $8,069,000,000,
averaging 520,692,230 per year and ended with a deficit of $0.
.
Norb Leahy, Dunwoody
GA Tea Party Leader
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