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Did the rich people of America have to pay taxes for the Stamp Act?
Yes. Indeed, since they made more use of paper (news papers, legal papers of all kinds, etc.) they bore by far the greatest share of the tax. Michael Montagne
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stamp tax money would be used to defend the colonies
The new tax was imposed on all American colonists and required them to pay a tax on every piece of printed paper they used. Ship's papers, legal documents, licenses,… newspapers, other publications, and even playing cards were taxed.
the stamp act put a tax on stamps, newspapers, playing cards and legal documents
The Stamp Act was passed by Parliament March 22, 1765. The tax required Americans to pay tax on every piece of printed paper used. Ship's papers, legal documents, licenses, n…ewspapers, other publications, and playing cards were taxed they taxed everything they used on a regular basis For a simple answer, the Stamp Act taxed almost everything paper, from playing cards to newspapers. It was a significant historical event since it was the first unified meeting of American colonies to respond to British colonial policies
That is the age old question. The problem with the question, before you even get near an answer, is whose definition of 'the rich' shall we use to answer. I have a friend whos…e household income is six and a half times mine. Their annual taxes are about my annual income. They consider themselves working class. If you called them rich, it would make them laugh. In today's economy, if your income is one or two million per year, you need to have a tax accountant working hard to keep less than half go to taxes, then you have to pay the accountants. At this level, unless you want to pay half of your income to the government, you need to have complicated investments and places to legally secure your money so that doesn't happen. If you call these people rich, they may not laugh but they don't feel as 'rich' as you might think. they usually think of 'rich' as the people who count their money in billions. Now, when we get to a billion in income, no one can dispute the label 'the rich'. What they pay in taxes is even more complicated to find. They work twice as hard to keep money from going to taxes than the millionaires and a staff of people to help them do it. I personally count the money I pay H&R Block to prepare my taxes as the cost of taxes and I'm sure that billionaires include the cost of that staff the cost of taxes also. Income tax is not the only tax we pay. We all pay the same taxes in sales tax, If I buy a thirty dollar blanket, I pay the same level of tax on it as the person who buys a hundred and thirty thousand dollar car. The property we own is assessed an amount of taxes each year. I personally don't own property but the people I know do. They all pay those taxes that I don't have to pay because I could never afford to buy property; the more property you own and the more valuable the property, the more property taxes you pay. Then we come to the money that 'the rich' don't pay directly to the government, but some of it gets there anyway. How many millionaires or billionaires do you know that clean their own houses, change their own oil, or mow their own lawns; not too many. They hire a staff to do that. They pay staff and services (provide jobs) who in turn pay taxes on the money they earn from their employment. 'Tax the rich' is a political term that's been around since the horse and buggy. Many people use the term as if they were pointing to a specific group of people standing in line at the tax office. People who really are rich by anyone's standards will always find ways to shelter and secure their money before taxes are assessed. If your minimum wage check had deductions for half or more in taxes before you were paid, you would see why they are compelled to do this. There was a time in a place called the Soviet Union when everyone was paid a similar wage (theoretically) even though the government owned everything and everyone worked for the government; surprisingly enough, even they paid taxes to the government. How much tax do the rich pay: even they couldn't tell you. You are so right because today I had a project due tomorrow and they said the same thing.
The usual rationale is that, after paying in $107K, the uber-wealthy would have little hope of ever collecting as much as they pay in, which is a ridiculous answer - because l…ots of people will pay in more than they will ever collect. Some people pay in for decades then die before they're old enough to receive their first check. The terminally ill aren't excused from paying their part. The absolute WORSE EXCUSE for not paying your fair share is "Sorry, I'm too rich to pay forever, like the rest of you schmucks do." This "wealth cap" should be removed. Dave Johnson (Fellow of the Campaign for America's Future - CAF) wrote a very good piece about this. It's available on the organization's website and on HuffPo. I highly recommend it. Another problem is that Social Security taxes are deducted from income, some people make a tiny income on paper and structure their real sources of wealth so that it's something - ANYTHING other than declared income.
Any printed paper materials like magazines, newspapers and legal documents.
basiclly all printed materials in colonies such as letters, newspapers, bills and all legal documents, decks of cards, dice, calenders, cloth(maybe) and many more things the K…ing of England found "very important" Also dont forget the Sugat Act
tea 2nd Answer: The Stamp Act required the American colonists to have a British "stamp" (a symbol, not a postage stamp) on official paper and a large amount of private pape…r that was used for various things. It was essentially a tax on the use of sheets of paper. The British also levied a tax on lumber, paint, tea, and other commodities.
The Stamp Act of 1765 taxed legal documents, licenses, commercial contracts, newspapers, pamphlets, and playing cards...
they taxed the colonists on printed goods like newspaper, tea, and mostly everything else they were buying or having shipped to them.
almost all printed material in the colonies
The Sugar Act of the previous year had been a tax on trade, in effect an indirect and external tax. But in the Stamp Tax the Americans for the first time were faced with a dir…ect, internal tax. This distinction was argued effectively in the writings of John Dickinson, one of the early leaders of the opposition to British policies.
The stamp act was made by the king of England so that Britain could pay the debt they owed during the French and Indian War. All the taxes paid by the colonies were for Englan…d so they could use it to pay back all the damages and weapons used/done in the French and Indian War.
The rich should pay higher taxes because they exploited the poor and that is how they got rich. If the rich pay the poor accordingly the poor wouldn't be as poor and maybe not… even poor at all. And the rich would still be rich just not as rich. Some rare historical periods regulated exploitation and provided for building middle class, the rich hate the middle class because middle class competes with them. So because of this there is always a struggle between rich and poor. In a perfect world there would be more fairness and less disproportion. I am not calling for absolute equality but one making 400 - 500 times over another is not right. No one works that hard. I am sure the comments below were written by the wealthy and privileged person. They shouldn't. I believe, and someone please correct me if I'm wrong, that richer people pay a higher % of taxes because they are assumed to "consume" more. Put a person making $25,000 next to a person making $500,000, both consuming the same amount in life and tell me why the more assertive, more persistent, harder working human being making more money should be penalized for his/her effort. Anyone? There's no answer on the internet and this is a sheep concept -- in other words, it is what it is because it's been this way for such a long time. When the top 5% of our nation goes on strike, goes out of business, stops working and puts up a fight, only then will America really address the issue (when the rich are done paying for the poor and unlucky)