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During the presidential debates, Trump's opponent Hillary Clinton criticized Trump for not disclosing his tax returns, saying that only "a couple of years" of Trump's tax returns were publicly available, "and they showed he didn't pay any federal income tax." Trump responded: "That makes me smart." Clinton went on to suggest that Trump might ...
Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]). The average rate for the ...
The Taxation of Colonies Act 1778 (18 Geo. 3.c. 12) was an act of the Parliament of Great Britain that declared Parliament would not impose any duty, tax, or assessment for the raising of revenue in any of the colonies of British America or the British West Indies.
He reported $262,942 in income on his 1970 tax returns. Nixon, who died in 1994, had a net worth of $988,522 in 1973, according to a Dec. 9 issue from that year by The San Francisco Examiner.
Richard Jackson supposed that Parliament had a right to tax America, but he much doubted the expediency of the Stamp Act. He said if it was necessary, as ministers claimed, to tax the colonies, the latter should be permitted to elect some part of the Parliament, "otherwise the liberties of America, I do not say will be lost, but will be in danger."
Republicans who control the U.S. House of Representatives are trying to overcome internal differences on how to pay for President Donald Trump's sweeping tax cuts, with hardline conservatives ...
Tech titans vs. robber barons and industrialists. WOLF: The other thing that I think could be a tie-in to the Gilded Age could be that during Trump’s inauguration, the tech titans amassed behind ...
The British and colonists triumphed jointly over a common foe. The colonists' loyalty to the mother country was stronger than ever before. However, disunity was beginning to form. British Prime Minister William Pitt the Elder had decided to wage the war in the colonies with the use of troops from the colonies and tax funds from Britain itself ...