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The first income tax enacted after the ratification of the Sixteenth Amendment had a top tax rate of percent?
7%
When was taxing first enacted in the US?
The first taxing enacted in the US is in 1797. It was the real estate act that was taxed that year. This tax was often repelled but used to support war causes
What does enacted tax rate mean?
The enacted tax rate is the rate that is set by the governing body. Before a tax rate becomes enacted, the governing body usually proposes a rate and holds public meetings where people can speak about the rate.
What does tax rate mean?
The enacted tax rate is the rate that is set by the governing body. Before a tax rate becomes enacted, the governing body usually proposes a rate and holds public meetings where people can speak about the rate.
What was the first thing president bush did as president?
The first major bill he approved of was the "2001 Bush Tax Cuts [HR 1836]." This is the the famous tax cuts for the rich policy that is being debated now.
What state was the first state that enact sale tax?
In 1921, West Virginia became the first US state to enact a sales tax. Georgia passed legislation enacting a sales tax in 1929. 11 other states enacted sales taxes in 1933 alone. By 1940, at least 30 states had a sales tax
Which US President eatblished the Progressive Income Tax?
The first Progressive Income Tax was established by Congress, (who under the Constitution is the branch of government with the authority to tax), in the year 1862. The president at the time was Abraham Lincoln.
What Govenor enacted the used car sales tax in Arkansas?
Bill Clinton
What type of tax was the townshend act?
The Townshend Acts were a type of external tax. The Townshend Acts were enacted in 1767 and the colonists were opposed to it.
Was ObamaCare taxation without representation?
No. The tax was enacted by the duly elected representatives of the people.
What is tax-GDP ratio?
ratio of tax collection against the national GDP
Does California have an inheritance tax?
California does not have an inheritance tax. Only 11 states do have one enacted. Seventeen states have estate taxes, but California does not.
