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APR 15, 2013 - Zero Hedge

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100 Years Old & Still Killing Us: America Was Much Better Off Before The Income Tax

Submitted by Michael Snyder of The Economic Collapse blog, Did you know that the greatest period of economic growth in American history was during a time when there was absolutely no federal income tax?  Between the end of the Civil War and 1913, there was an explosion of economic activity in the United States unlike anything ever seen before or since.  Unfortunately, a federal income tax was instituted in 1913, and this year it turned 100 years old.  But there was no fanfare, was there?  There was no celebration because the federal income tax is universally hated.  ... Read More

Tags: 100 Years Old & Still Killing Us: America Was Much Better Off Before The Income Tax,  Warren Buffett Latest News