Emerging Civil War

The table below summarizes Federal Tax revenues and spending for twenty years following the Civil War. For clarity, the total period is separated into four discrete five-year intervals. As may be observed, more than half of Federal tax revenues were applied to three items: (1) Federal debt interest, (2) budget surpluses, and (3) veterans benefits. Although compelled to pay their share of taxes to fund them, Southerners derived no benefit from the allocations. They essentially represented a form of reparations for being on the losing side. Nor were they the only form.

CW JPGTax

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