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The original was posted on /r/todayilearned by /u/Ainsley-Sorsby on 2025-02-19 08:50:43+00:00.

Original Title: TIL In 1315 the republic of Florence abolished direct taxation, which was perceived as oppressive. The city was funded instead by indirect taxes, like tariffs and consumption taxes but also adopted a measure of forced loans: wealthier citizens were forced to buy low interest government bonds