>>507067861
It was the backbone that funded our economy which at the time, if you adjust for inflation by the price of gold, would have been worth more than our own today. When the income tax was introduced it was at a flat rate of 1% with no bullshit or loopholes attached.
We never needed income tax to fund the economy, it was cheaper and much more efficient, the problem was that the fed couldn't engage in speculative banking without completely destroying the economy if the economy is primarily funded by tariffs instead of income tax, which is what caused the Great Depression.