Although there were precursors, the first modern income tax emerged in Britain in 1799, during the long wars with France. It was very similar to today's income tax, with several rates and a "tax return" much like ours. The top rate was 10%. It generated large amounts of revenue, and this revenue-generating success was a key element that allowed Britain to defeat France in the Napoleonic Wars.
In 1842, the income tax reappeared, but under a different guise. It was similar to today's payroll tax. For most people, there was no "tax return." In effect, it was an indirect tax on employment labor. Business owners paid a similar tax. There was only one rate — a "uniform" tax. This was highly successful. The revenue that it generated allowed Britain to eliminate hundreds of tariffs, including the repeal of the Corn Laws in 1846, which had been implicated in a famine in Ireland.
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Highlands administrators refine budget that does not increase property taxes | TribLIVE.com
Highlands School District’s budget for the upcoming school year remains a work in progress a week ahead of its scheduled approval, but no property tax increase is expected.
Business Manager Lori Byron told the school board Monday that administrators have continued to refine the budget, resulting in a roughly $283,000 reduction in proposed spending for the 2020-21 school year. That has lowered the budget from about $49 million to $48.7 million, a change of about 0.6%.
With a new proposal, Seattle now has two business taxes on the table | Crosscut
The measure from Councilmember Teresa Mosqueda would likely raise over $200 million annually from top-earning companies.
In this 2018 file photograph, councilmembers Kshama Sawant and Teresa Mosqueda are seen on the dais together during an employee hours tax vote by the Seattle City Council at City Hall in Seattle, May 14, 2018. (Matt M. McKnight/Crosscut)
Seattle City Councilmember Teresa Mosqueda on Tuesday rolled out a proposed new tax on large businesses that she said would likely raise more than $200 million a year — much of it from Amazon and other top-earning corporations in the city.
$113M OJR budget will raise taxes 2.6% | News | pottsmerc.com
Evan Brandt has been a staff reporter for The Mercury for more than 20 years. He covers municipal, school district, political, state government, federal government and environmental news.
Not to change the topic here:
CARLTON FLETCHER: The cowardice of an old lie: Republicans cut taxes | Local | albanyherald.com
The speaker of the Georgia House of Representatives, David Ralston, dug out this old chestnut when asked about taxing tobacco products in the state to help alleviate some of the dramatic tax shortfall created by the coronavirus: "Republicans cut taxes."
(Maybe it's the cynic in me, but that sounds a lot to me like Mr. Ralston meant something like, oh, "Republicans get too much kickback money from Big Tobacco to punish them for putting their deadly products into the hands of an unwitting public" or maybe "Republicans own Big Tobacco, and Republicans politicians need their support when election time comes around." Or maybe even, "Republicans don't care about all the thousands and thousands of people who die from tobacco products.
More than 5 million Illinoisans have already filed taxes despite extension | Illinois |
Kevin Bessler reports on statewide issues in Illinois for the Center Square. He has over 30 years of experience in radio news reporting throughout the Midwest.
Senators consider loss of state revenue because of income tax changes | News |
The Nebraska Department of Revenue laid out some changes to the federal income tax code for the Legislature's Revenue Committee that could cause a loss of state revenue in the next few fiscal years.
That money would go back to income tax payers, both individuals and businesses, through changes in the federal tax code.
The amount overall is estimated at a $125.6 million loss of revenue for Nebraska in fiscal year 2020-21. In the two following years, the losses could be about $67 million in 2021-22, and $57 million in 2022-23.
San Francisco weighs 'overpaid executive' tax on city's businesses | Fox Business
Former CKE Restaurants CEO Andy Puzder argues California's proposed big business tax, as part of coronavirus relief legislation, will cause companies to leave the state.
San Francisco is looking to hike taxes on its highest-earning business leaders under a proposal that could be put on the local ballot in November.
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The city’s Board of Supervisors moved to submit an additional gross receipts tax, or an administrative office tax, on businesses with a compensation ratio in excess of 100:1 for the highest-paid employee to the median employee salary. The tax has been dubbed the “Overpaid Executive Gross Receipts Tax Ordinance.”
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