In this powerful episode of the Know Your Numbers, REI Podcast, Chris McCormack sits down with historian Bill Federer to unpack the dramatic shift in U.S. government funding — from tariff-based revenue to the modern income tax system. You’ll discover: How the British East India Company and the Stamp Act helped spark the American Revolution Why tariffs once funded nearly 90% of the federal government How the American Civil War triggered the first income tax What the 16th Amendment to the United States Constitution changed forever Why World War II expanded taxes to nearly every American How policies from the New Deal to the Great Society shaped today’s tax and spending system This conversation connects taxation, war, debt, entrepreneurship, and America’s economic future — challenging you to think differently about money, government power, and opportunity. If you care about business, investing, economic history, or the future of America’s tax system — this episode is a must-listen. Tune in for more insights on tax strategy, real estate investing, and building wealth the smart way. •••••••••••••••••••••••••••••••••••••••••••• To connect with Bill, visit his Social Media Platforms: Facebook: https://www.facebook.com/WilliamJFederer/ Instagram: https://www.instagram.com/the_americanminute/?hl=en LinkedIn: https://www.linkedin.com/in/william-federer-981b1a17 Website: https://americanminute.com/ •••••••••••••••••••••••••••••••••••••••••••• ➤➤➤ To become a client, schedule a call with our team ➤➤ https://www.betterbooksaccounting.co/contact •••••••••••••••••••••••••••••••••••••••••••• Connect with Chris McCormack on Social Media Facebook: https://www.facebook.com/chrismccormackcpa LinkedIn: https://www.linkedin.com/in/chrismccormackcpa Instagram: https://www.instagram.com/chrismccormackcpa Join our Facebook Group: https://www.facebook.com/groups/6384369318328034 → → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@chrismccormackcpa The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
