Graph created at http://www.usgovernmentdebt.us/
Now it's difficult to tell exactly where the blue appears on the chart, but it looks to be roughly 1910-1920 or so. Quick history quiz! What Constitutional Amendment was ratified in 1913? If you said the 16th, the amendment that authorized the income tax, you are right! So, still think raising taxes is going to help reduce the national debt?
(HT: Keith Myer)
(HT: Keith Myer)
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