As Figure 2.1 illustrates, the history of the distribution of federal revenue by source can be divided into three phases.

• 1789 to 1862: Nearly all of federal revenue was derived from customs duties.

• 1863 to 1914: Approximately half of federal revenue came from customs duties and half from internal revenue sources (such as excise taxes).

• 1915 forward: As the result of the 16th Amendment making the income tax constitutional, the large majority of federal receipts came from internal revenue. For the first time, customs duties were a relatively minor contributor.

A Centennial History of the USITC

U.S. International Trade Commission

https://www.usitc.gov/publications/other/centennial

https://www.usitc.gov/documents/final_centennial_history_508_compliant_v2.pdf

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The President Hosts a Reception Celebrating Greek Independence Day

The White House

https://www.whitehouse.gov/live/

https://www.youtube.com/watch?v=W8ccNp1YSuM

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President Biden Remarks at Greek Independence Day Reception

President Biden gives remarks at a White House reception celebrating Greek Independence Day.

https://www.c-span.org/video/?534685-1/president-biden-remarks-greek-independence-day-reception

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