The major revenue of US comes from their weapon business. They are the largest weapon seller in the world.
World War 2 and the Cold War convinced the U.S. politicians to do fund the peace time military. This is to counter foreign aggression.
Hitler arrested the Jews, took their posessions and sold their valuables to fund his war.
Of course it was legal. Congress would not or could not "openly" fund an illegal war.
: They occupied the Phillippines After the Spanish-American War the US required Spain to sell the islands to the US for $20,000,000. There followed a local war called the Philippine-Ameircan War in the Philippines and the Philippine insurrection in the US, in which Filipinos tried to obtain complete independence. The US prevailed and governed the Philippines (except during the Japanese occupation during World War 2) until 1946 when full independence was granted.
General Haig is a hero of World War one because after the war ended, Haig opened up a trust fund for all the people in the war that were killed, injured badly or left homeless. This trust fund grew and is now what we call the Poppy trust.
U.S. Gov. sold war bonds and they held scrap drives
The US sold war bonds to fund the war. They raised somthing like 180 Billion Dollars for the war this way. They also collected donations. Children even bought the $18.00 bonds.
Taxes and War Bonds
war bonds
The Congress passed an income tax
government war bonds
There is usually a lock-in period with respect to each close-ended fund. Usually 3 years or more. It depends from fund to fund and will be mentioned in the fund documents. You need to refer to it. You can sell it anytime after the lock-in period
56.6 million
The Congress passed an income tax
Mutual Fund Products & Investment Advise.
They issued "war bonds" (dept securities) - which are used to fund military operations during war.
It depends on the mutul fund type. If it is an open ended fund, you can sell it anytime. You would have to incur the exit load the fund company may charge you for withdrawing your money. If it is a close ended fund, you cannot sell it anytime. You have to wait till your lock in period is over to sell your holdings