The enormous debts that Hamilton had encouraged Congress to assume was to be paid by the new 8% tariff rate and what other method?

Question

a. Head tax on all slaves sold at auction
b. Income tax on very wealthy
c. Excise tax on whiskey production
d. Raising prices on western land sales

Answer 1

The correct answer is c. Excise tax on whiskey production. Hamilton proposed an excise tax on whiskey as a means to help pay off the national debt.