What Does Money Laundering Look Like? And What Did the IRS Do Before the Creation of Income Tax? - Conspiracies

What Does Money Laundering Look Like? And What Did the IRS Do Before the Creation of Income Tax? (en.wikipedia.org) Discussion

posted 260 days ago by Questionable 260 days ago by Questionable +15 / -1

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– fuck_off_pkvi 2 points 260 days ago +2 / -0

There was no IRS before income tax

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– Questionable [S] 1 point 259 days ago +1 / -0

I looked into it right before making this post:

https://iask.ai/?mode=question&options%5Bdetail_level%5D=detailed&q=what+did+the+irs+do+before+income+tax%3F

Before Income Tax, the IRS primarily relied on tariffs and excise taxes to generate revenue for the government.

https://en.wikipedia.org/wiki/Internal_Revenue_Service

The IRS originates from the Commissioner of Internal Revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War.

And from a conversation I had while at work today. It's only meant to tax corporations not individuals working for those corporations. As We earn wages, and corporation takes in income.

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– fuck_off_pkvi 2 points 258 days ago +2 / -0

That is how it was supposed to be, yes.

But then the government bonded the people to the banks, and presto income tax.

To put it another way, the government started borrowing money using the people as collateral. You paying the government's loans is what income tax is.

Just a little at first, then a little more, then a little more. Then it became completely untenable, and they started debasing the currency instead. That turns taxation into inflation and makes it "invisible."

Quite the magic trick.

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