The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on Census results. This amendment exempted income taxes from the constitutional requirements regarding direct taxes, after income taxes on rents, dividends, and interest were ruled to be direct taxes in Pollock v. Farmers’ Loan & Trust Co. (1895). It was ratified on February 3, 1913.
Bank of America Forecasts $309 Silver: Major Institution Validates Long-Standing Precious Metals Thesis
Bank of America’s metals division projects silver could reach $135-$309 per ounce by end of 2026, validating structural analysis that independent researchers have documented for over a decade.
