In 1983, the professor said, 23 percent of the national revenue came from direct taxes.
Also, a portion of national revenues was passed on to local government bodies.
Security and defense were to be allotted more than 30 percent of the national revenues.
This, of course, was a blow on the national revenue.
More treaties were then made with other powers, further undermining national revenue and legal rights.
The gross national revenue from such operations now exceeds $800 million annually.
The Northeast in particular has brought down the total national revenue from sales taxes.
It further assures the local governments a share in the national internal revenue.
We shall no longer be talking about 1% or 1.24% of gross national revenue.
The interest alone on the national debt consumed 40 percent of the national revenue between 1790 and 1800.