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Revenue Act Of 1864
The Internal Revenue Act of 1864, 13 Stat. 223 (June 30, 1864), increased the income tax rates established by the Revenue Act of 1862. The measure was signed into law by President Abraham Lincoln. Provisions Section 116 of the Act imposed the tax on "the gains, profits, and income of every person residing in the United States, or of any citizen of the United States residing abroad, whether derived from any kind of property, rents, interest, dividends, or salaries, or from any profession, trade, employment, or vocation, carried on in the United States or elsewhere, or from any other source whatever . . . The measure created a third tax bracket and increased taxes overall from the rates set in 1862. Tax brackets under the Act were as follows: * 0%: under $600 (under in 2013 dollars, or the about the same as the average of $13,425 in combined personal exemption + standard deduction for single and married taxpayers in the year 2008) * 5%: from $600 to $5,000 (from to in 2013 dolla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue Act Of 1862
The Revenue Act of 1862 (July 1, 1862, Ch. 119, ), was a bill the United States Congress passed to help fund the American Civil War. President Abraham Lincoln signed the act into law on July 1, 1862. The act established the office of the Commissioner of Internal Revenue, a department in charge of the collection of taxes, and levied excise taxes on most items consumed and traded in the United States. The act also introduced the United States' first progressive tax with the intent of raising millions of dollars for the Union. Background The American Civil War commenced in 1861 with the secession of many southern states (the group known as the Confederate States of America) from the United States (also known as the Union). In the early stages of the war, the Union believed that the conflict would be a relatively quick and easy victory.Thorndike, Joe. An Army of Officials: The Civil War Bureau of Internal Revenue. Tax History Project. TaxAnalysits, 21 Dec. 2001. Web. 25 Mar. 2013. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abraham Lincoln
Abraham Lincoln ( ; February 12, 1809 – April 15, 1865) was an American lawyer, politician, and statesman who served as the 16th president of the United States from 1861 until his assassination in 1865. Lincoln led the nation through the American Civil War and succeeded in preserving the Union, abolishing slavery, bolstering the federal government, and modernizing the U.S. economy. Lincoln was born into poverty in a log cabin in Kentucky and was raised on the frontier, primarily in Indiana. He was self-educated and became a lawyer, Whig Party leader, Illinois state legislator, and U.S. Congressman from Illinois. In 1849, he returned to his successful law practice in central Illinois. In 1854, he was angered by the Kansas–Nebraska Act, which opened the territories to slavery, and he re-entered politics. He soon became a leader of the new Republican Party. He reached a national audience in the 1858 Senate campaign debates against Stephen A. Douglas. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Bracket
Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, though that is rarer). Essentially, tax brackets are the cutoff values for taxable income—income past a certain point is taxed at a higher rate. Example Imagine that there are three tax brackets: 10%, 20%, and 30%. The 10% rate applies to income from $1 to $10,000; the 20% rate applies to income from $10,001 to $20,000; and the 30% rate applies to all income above $20,000. Under this system, someone earning $10,000 is taxed at 10%, paying a total of $1,000. Someone earning $5,000 pays $500, and so on. Meanwhile, someone who earns $25,000 faces a more complicated calculation. The rate on the first $10,000 is 10%, from $10,001 to $20,000 is 20%, and above that is 30%. Thus, they pay $1,000 for the first $10,000 of income (10%), $2,000 for the second $10,000 of income (20%), and $1,500 for the last $5,000 of income (30%), In total, they pay $4,500, or an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilson–Gorman Tariff Act
The Revenue Act or Wilson-Gorman Tariff of 1894 (ch. 349, §73, , August 27, 1894) slightly reduced the United States tariff rates from the numbers set in the 1890 McKinley tariff and imposed a 2% tax on income over $4,000. It is named for William L. Wilson, Representative from West Virginia, chair of the U.S. House Ways and Means Committee, and Senator Arthur P. Gorman of Maryland, both Democrats. Supported by pro-free trade members of the Democratic Party, this attempt at tariff reform imposed the first peacetime income tax (2% on income over $4,000, or $88,100 in 2010 dollars, which meant fewer than 1% of households would pay any). The purpose of the income tax was to make up for revenue that would be lost by tariff reductions. The democrats under the Cleveland administration wanted to move away from the protectionism proposed by the McKinley tariff while Cleveland was still in office. By coincidence, $4,000 ($88,100 in 2010 dollars) would be the exemption for married c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Springer V
Springer or springers may refer to: Publishers * Springer Science+Business Media, aka Springer International Publishing, a worldwide publishing group founded in 1842 in Germany formerly known as Springer-Verlag. ** Springer Nature, a multinational academic publishing group created by the merger of Springer Science+Business Media, Nature Publishing Group, Palgrave Macmillan, and Macmillan Education * Axel Springer SE, an important conservative German publishing house, including several newspapers * Springer Publishing Company, an American publishing company of academic journals and books, focusing on public health and the like Places ;United States * Springer, New Mexico * Springer, Oklahoma * Springer Mountain, southern terminus of the Appalachian Trail * Springer Opera House, Columbus, Georgia Animals * In cattle, a cow or heifer near to calving * English Springer Spaniel, a breed of dog * Welsh Springer Spaniel, a breed of dog * Springer (orca), a wild orca (killer whale) also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associate Justice Of The U
Associate may refer to: Academics * Associate degree, a two-year educational degree in the United States, and some areas of Canada * Associate professor, an academic rank at a college or university * Technical associate or Senmonshi, a Japanese educational degree * Associate of the Royal College of Science, an honorary degree-equivalent award presented by Imperial College London * Teaching associate, an academic teaching position usually requiring a graduate degree * Research associate, an academic research position usually requiring a graduate degree Business * Employee * Business partner * Associate, an independent (often self-employed) person working as if directly employed by a company * Associate company, an accounting and business valuation concept * Coworker, a partner or colleague in business or at work. Health care * Clinical research associate (CRA), a clinical trial monitor which oversees the conduct of clinical trials in study sites and helps protecting study ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Noah Haynes Swayne
Noah Haynes Swayne (December 7, 1804 – June 8, 1884) was an American jurist and politician. He was the first Republican appointed as a justice to the United States Supreme Court. Birth and early life Swayne was born in Frederick County, Virginia in the uppermost reaches of the Shenandoah Valley, approximately northwest of Washington D.C. He was the youngest of nine children of Joshua Swayne and Rebecca (Smith) Swayne. He was a descendant of Francis Swayne, who emigrated from England in 1710 and settled near Philadelphia. After his father died in 1809, Noah was educated locally until enrolling in Jacob Mendendhall's Academy in Waterford, Virginia, a respected Quaker school 1817–18. He began to study medicine in Alexandria, Virginia, but abandoned this pursuit after his teacher Dr. George Thornton died in 1819. Despite his family having no money to support his continued education, he read law under John Scott and Francis Brooks in Warrenton, Virginia, and was admitted to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Court Of Appeals
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
