Income Taxes
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Income Taxes
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdicti ...
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Taxable Income
Taxable income refers to the base upon which an income tax system imposes tax. In other words, the income over which the government imposed tax. Generally, it includes some or all items of income and is reduced by expenses and other deductions. The amounts included as income, expenses, and other deductions vary by country or system. Many systems provide that some types of income are not taxable (sometimes called non-assessable income) and some expenditures not deductible in computing taxable income. Some systems base tax on taxable income of the current period, and some on prior periods. Taxable income may refer to the income of any taxpayer, including individuals and corporations, as well as entities that themselves do not pay tax, such as partnerships, in which case it may be called “net profit”. Most systems require that all income Realization (tax), realized (or derived) be included in taxable income. Some systems provide tax exemption#Exempt income, tax exemption for s ...
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Wang Mang
Wang Mang () (c. 45 – 6 October 23 CE), courtesy name Jujun (), was the founder and the only Emperor of China, emperor of the short-lived Chinese Xin dynasty. He was originally an official and consort kin of the Han dynasty and later seized the throne in 9 CE. The Han dynasty was restored after his overthrow, and his rule marked the separation between the Western Han dynasty (before Xin) and Eastern Han dynasty (after Xin). Traditional Chinese historiography viewed Wang as a tyrant and usurper, while more recently, some historians have portrayed him as a visionary and selfless social reformer. During his reign, he abolished slavery and initiated a land redistribution program. Though a learned Confucian scholar who sought to implement the harmonious society he saw in the Chinese classic texts, classics, his efforts ended in chaos. Wang Mang's late reign saw large-scale peasant rebellions, most notably the revolt of the Red Eyebrows. In October 23 CE, the capital Chang'a ...
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French Revolutionary War
The French Revolutionary Wars (french: Guerres de la Révolution française) were a series of sweeping military conflicts lasting from 1792 until 1802 and resulting from the French Revolution. They pitted French First Republic, France against Kingdom of Great Britain, Britain, Habsburg monarchy, Austria, Kingdom of Prussia, Prussia, Russian Empire, Russia, and several other monarchies. They are divided in two periods: the War of the First Coalition (1792–97) and the War of the Second Coalition (1798–1802). Initially confined to Europe, the fighting gradually assumed a global dimension. After a decade of constant warfare and aggressive diplomacy, France had conquered territories in the Italian Peninsula, the Low Countries and the Rhineland in Europe and abandoned Louisiana (New France), Louisiana in North America. French success in these conflicts ensured the spread of revolutionary principles over much of Europe. As early as 1791, the other monarchies of Europe looked with ou ...
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William Pitt The Younger
William Pitt the Younger (28 May 175923 January 1806) was a British statesman, the youngest and last prime minister of Great Britain (before the Acts of Union 1800) and then first prime minister of the United Kingdom (of Great Britain and Ireland) as of January 1801. He left office in March 1801, but served as prime minister again from 1804 until his death in 1806. He was also Chancellor of the Exchequer for all of his time as prime minister. He is known as "Pitt the Younger" to distinguish him from his father, William Pitt, 1st Earl of Chatham, who had previously served as prime minister and is referred to as "William Pitt the Elder" (or "Chatham" by historians). Pitt's prime ministerial tenure, which came during the reign of King George III, was dominated by major political events in Europe, including the French Revolution and the Napoleonic Wars. Pitt, although often referred to as a Tory, or "new Tory", called himself an "independent Whig" and was generally opposed to the ...
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Prime Minister
A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not the head of state, but rather the head of government, serving under either a monarch in a democratic constitutional monarchy or under a president in a republican form of government. In parliamentary systems fashioned after the Westminster system, the prime minister is the presiding and actual head of government and head/owner of the executive power. In such systems, the head of state or their official representative (e.g., monarch, president, governor-general) usually holds a largely ceremonial position, although often with reserve powers. Under some presidential systems, such as South Korea and Peru, the prime minister is the leader or most senior member of the cabinet, not the head of government. In many systems, the prime minister ...
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Kingdom Of Great Britain
The Kingdom of Great Britain (officially Great Britain) was a Sovereign state, sovereign country in Western Europe from 1 May 1707 to the end of 31 December 1800. The state was created by the 1706 Treaty of Union and ratified by the Acts of Union 1707, which united the kingdoms of Kingdom of England, England (which included Wales) and Kingdom of Scotland, Scotland to form a single kingdom encompassing the whole island of Great Britain and its outlying islands, with the exception of the Isle of Man and the Channel Islands. The unitary state was governed by a single Parliament of Great Britain, parliament at the Palace of Westminster, but distinct legal systems – English law and Scots law – remained in use. The formerly separate kingdoms had been in personal union since the 1603 "Union of the Crowns" when James VI of Scotland became King of England and King of Ireland. Since James's reign, who had been the first to refer to himself as "king of Great Britain", a political un ...
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Dean Of Bristol
The Dean of Bristol is the head of the Chapter of the Cathedral Church of the Holy and Undivided Trinity, Bristol, England. The Dean is Mandy Ford, since her installation on 3 October 2020. List of deans Early modern *1542–1551 William Snow (previously last prior of Bradenstoke) *1551–1552 John Whiteheare *1552–1554 George Carew (deprived) *1554–1559 Henry Joliffe (deprived) *1559–1580 George Carew (restored) *1580–1590 John Sprint *1590–1598 Anthony Watson *1598–1617 Simon Robson *1617–1639 Edward Chetwynd *1639–1660 Matthew Nicholas (afterwards Dean of St Paul's, 1660) *1660–1667 Henry Glemham *1667–1683 Richard Towgood *1683–1684 Samuel Crossman *1684–1685 Richard Thompson *1685–1694 William Levett *1694–1708 George Royse *1708–1730 Robert Booth *1730–1739 Samuel Creswick (afterwards Dean of Wells) *1739–1757 Thomas Chamberlayne *1757–1760 William Warburton *1760–1761 Samuel Squire (afterwards Bishop of St David's, 17 ...
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Henry Beeke
Henry Beeke (6 January 1751 – 9 March 1837) was an English historian, theologian, writer on taxation and finance, and botanist. He is credited with helping to introduce the world's first modern income tax. Career Beeke was elected a scholar of Corpus Christi, Oxford in May 1769. He gained a Bachelor of Arts degree in 1773, a Master of Arts degree in 1776, a Bachelor of Divinity in 1785, and a Doctorate in Divinity in 1800. In 1775 Beeke became a fellow of Oriel College and was Junior Proctor of the University in 1784. Beeke was Regius Professor of Modern History between 1801 and 1813. Beeke was vicar of the University Church of St Mary the Virgin, Oxford in 1782, rector of Ufton Nervet, Berkshire in 1789, Dean of Bristol in 1813, and vicar of Weare in 1819. Beeke gained a reputation as a fiscal expert following his 1799 ''Observations on the produce of the income tax, and on its proportion to the whole income of Great Britain'', which was expanded and reprinted in 1800. His ...
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Kingdom Of England
The Kingdom of England (, ) was a sovereign state on the island of Great Britain from 12 July 927, when it emerged from various Anglo-Saxon kingdoms, until 1 May 1707, when it united with Scotland to form the Kingdom of Great Britain. On 12 July 927, the various Anglo-Saxon kings swore their allegiance to Æthelstan of Wessex (), unifying most of modern England under a single king. In 1016, the kingdom became part of the North Sea Empire of Cnut the Great, a personal union between England, Denmark and Norway. The Norman conquest of England in 1066 led to the transfer of the English capital city and chief royal residence from the Anglo-Saxon one at Winchester to Westminster, and the City of London quickly established itself as England's largest and principal commercial centre. Histories of the kingdom of England from the Norman conquest of 1066 conventionally distinguish periods named after successive ruling dynasties: Norman (1066–1154), Plantagenet (1154–1485), Tudor ...
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Third Crusade
The Third Crusade (1189–1192) was an attempt by three European monarchs of Western Christianity (Philip II of France, Richard I of England and Frederick I, Holy Roman Emperor) to reconquer the Holy Land following the capture of Jerusalem by the Ayyubid sultan Saladin in 1187. For this reason, the Third Crusade is also known as the Kings' Crusade. It was partially successful, recapturing the important cities of Acre and Jaffa, and reversing most of Saladin's conquests, but it failed to recapture Jerusalem, which was the major aim of the Crusade and its religious focus. After the failure of the Second Crusade of 1147–1149, the Zengid dynasty controlled a unified Syria and engaged in a conflict with the Fatimid rulers of Egypt. Saladin ultimately brought both the Egyptian and Syrian forces under his own control, and employed them to reduce the Crusader states and to recapture Jerusalem in 1187. Spurred by religious zeal, King Henry II of England and King Philip II of F ...
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Henry II Of England
Henry II (5 March 1133 – 6 July 1189), also known as Henry Curtmantle (french: link=no, Court-manteau), Henry FitzEmpress, or Henry Plantagenet, was King of England from 1154 until his death in 1189, and as such, was the first Angevin king of England. King Louis VII of France made him Duke of Normandy in 1150. Henry became Count of Anjou and Maine upon the death of his father, Count Geoffrey V, in 1151. His marriage in 1152 to Eleanor of Aquitaine, former spouse of Louis VII, made him Duke of Aquitaine. He became Count of Nantes by treaty in 1158. Before he was 40, he controlled England; large parts of Wales; the eastern half of Ireland; and the western half of France, an area that was later called the Angevin Empire. At various times, Henry also partially controlled Scotland and the Duchy of Brittany. Henry became politically involved by the age of 14 in the efforts of his mother Matilda, daughter of Henry I of England, to claim the English throne, then occupied b ...
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