Monday, September 12, 2011

Martin Armstrong: Bound by the Theories of the Past

Martin Armstrong's Latest examines the history of Direct Taxation in a must read 17 page analysis.

Armstrong discusses the floating exchange rate system brought about by Bretton Woods in 1971, the Revenue Act of 1861, sales taxes on gold enacted during the war of 1812, the Internal Revenue Act of 1864, the flat rate federal income tax enacted in 1894, the Civil War income tax, the 16th amendment, and much more.

Bound by the Theories of the Past
History of Direct Taxation