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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.
Who was the first president to file a tax return?
The first U.S. president to file a personal income tax return was President Richard Nixon.
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.
When did the IRS come into existenceand why?
The IRS (Internal Revenue Service) was established in 1862 during the American Civil War to help finance the war effort through the collection of income tax. Originally part of the Department of the Treasury, it was created to administer and enforce the tax laws enacted by Congress. The income tax was repealed after the war but was reinstated in 1894. The IRS was officially named in 1953, reflecting its expanded role in tax administration.
Was ObamaCare taxation without representation?
No. The tax was enacted by the duly elected representatives of the people.
