0
For the US, the first Income Tax was started in 1913.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What kind of national income tax do we have?
Proportional or Indexed
What is Before tax income after tax income?
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
How much tax do you pay on rental income?
First, you offset as much of the rental income as you can with deductions for interest, depreciation, utilities, etc. Whatever net income remains, you pay tax on as ordinary income (depending on your tax bracket).
What is the between local and national taxes?
State taxes, usually State Income Tax
What kind of income tax is based on your taxable income?
Income tax IS based on your income that is why it is called INCOME tax.
What was one action that progressive's took to help poor people?
One action that progressives took to hellp poor people is work for a national income tax.
The first national income tax was passed to?
pay civil war debt
What was one action that Progressives took to help the poor people?
Worked for a national income tax >apex
Which of these is the primary source of tax revenue for the national government?
income tax
Both the increased spending by the national government and the nationally imposed income tax?
Both the increased spending by the national government and the nationally imposed income tax
What kind of national income tax do we have?
Proportional or Indexed
What is a compulsory deductions?
they are national insurance and income tax.
Which amendment created the national income tax?
16th amendment
What group called for shorter hours for workers and national income tax?
national grange
Why did progressives want a national income tax?
to help the poor, Progressive reformers called for a constitutional amendment to legalize a graduated income tax.
What are commonly proposed alternatives to income tax?
proposed alternatives to the income tax include the value-added tax and national sales taxes, two taxes for which the tax base would be consumption rather than income. Another alternative is the flat tax
What was one action that progressives took to help poor prople?
Worked for a national income tax >apex
