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Marianna [84]
4 years ago
15

With the _________ amendment, passed in 1913, congress gained the power "to lay and collect taxes on incomes," whatever the sour

ce.
History
1 answer:
ankoles [38]4 years ago
4 0
<span>AMENDMENT XVI: Income Taxes (1913)
</span>
<span>It states that the Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration</span>

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Hence, Unlike Hamilton Thomas Jefferson feared that a national bank would establish a financial monopoly that may threaten state banks and adopt policies that favored financiers and merchants, who typically act as creditors, over plantation owners and small-scale farmers, who typically act as debtors.

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