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Q: What was the purpose of each tax and what did each act tax?
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Purpose of the income tax act?

To raise Income Tax.


What is the purpose of the townshed act?

It was a tax to raise money.


Purpose of sugar act?

The act lowered the tax on molasses imported by the colonists


The purpose of British Declaratory act of 1766?

the declaratory act declared that briten had the right to tax the colonies.


What is the purpose of income tax act of Canada ITA Section 1253?

There is no section 1253 in the ITA.


What was the purpose of the Sugar Act passed in Parliament in 1764?

it was a tax placed on sugar and other resources


Which act put a tax on all legal documents?

That could be a stamp tax, conveyance tax or excise tax.


Explain the purpose of the stamp act and the townshend acts?

The stamp act was created so that the British could earn money and it made the Americans pay tax on paper. William Pitt said they can't do that without representation in parliament. The purpose of the townshend acts were to also create more taxes so that the government could become wealthy.


Can you claim a Hope Tax Credit for education purpose if you don't have a IRA?

Hope tax credits and IRAs have nothing to do with each other. So the answer is yes.


What does Federal Insurance Contributions Act tax require each employer to file?

Form 941


Which is the purpose of a retaliatory tariff?

A retaliatory tariff is a tax that is imposed by one country because another country increased their tax rate. This is an act that is done in retaliation.


What act put a tax on paper products?

The stamp tax was the tax that taxed paper.