0
What else can I help you with?
How was the tax rate in World War 2?
19422419%88%$200,000$2.75MRevenue Act of 194219442423%94%$200,000$2.54MIndividual Income Tax Act of 1944 Any way the tax average percentage was 19 to 23 percent during the war on income taxes. Most of the funding for the war came from war bonds.
Who was the Canadian prime minister during world war 1 and introduced the income tax to help pay for the war?
The Canadian prime minister during World War I was Sir Robert Borden. He introduced the income tax in 1917 as a measure to help finance the war effort. This was a significant shift in Canadian fiscal policy, marking the beginning of a broader reliance on income taxation in the country. Borden's leadership during the war was pivotal in shaping Canada's national identity and role on the global stage.
What did the goernment did to raised money in world war 1?
They borrowed it, and then created a 20 year tax to pay it off. It was called the Income Tax. Go figure.
How did wartime affect taxation in the north during the civil war?
Because of the Civil War in the North, income tax was invented.
How did the us government finance the war?
income tax
Purpose of the income tax act?
To raise Income Tax.
Was income tax introduced to Canada during World War I?
Yes, Income tax was introduced to Canada during World War 1. It was introduced to help pay for the costs of everything needed for the war.
Can a president raise or lower taxes?
No. The President has no power over taxes. He can ask Congress to raise the income tax, but they tend to do what they want to do. President Obama did ask Congress to increase the income tax on high incomes.
Who can raise income tax?
hm revenue and customs through government legislation.
What did the populist party suggest would raise crop prices?
a graduated income tax
What did populists party suggest would raise crop prices?
a graduated income tax
How much money did the Federal government collect for its income tax during the US Civil War?
During the US Civil War, the Federal government made many efforts to raise funds to pay for the war. For the first time in US history the government passed a progressive income tax. During the war years they collected $55 million.
Do you pay income tax in Texas?
Every1 in the world pays income tax Texas does not have a State income tax, collecting that same revenue using other tax means. You of course pay Federal income taxes.
How might lowering corporate income tax impact state revenue?
Attracting more businesses might raise corporate tax revenue.
What tax form do you use if you only worked during the summer?
Any one of the federal 1040 income tax forms that you qualify to use for your income tax situation.
What is Barack Obama's opinion about taxes?
He says he wants to raise the income tax rate for very high income people. However, he did not veto the extension of the so-called Bush tax cuts when he had his chance.
What federal tax was first put into effect during the civil war?
federal income tax
