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Underwood-Simmons Tariff
The Revenue Act of 1913, also known as the Underwood Tariff or the Underwood-Simmons Act (ch. 16, ), re-established a federal income tax in the United States and substantially lowered tariff rates. The act was sponsored by Representative Oscar Underwood, passed by the 63rd United States Congress, and signed into law by President Woodrow Wilson. Wilson and other members of the Democratic Party had long seen high tariffs as equivalent to unfair taxes on consumers, and tariff reduction was President Wilson's first priority upon taking office. Following the ratification of the Sixteenth Amendment in 1913, Democratic leaders agreed to seek passage of a major bill that would dramatically lower tariffs and implement an income tax. Underwood quickly shepherded the revenue bill through the House of Representatives, but the bill won approval in the United States Senate only after extensive lobbying by the Wilson administration. Wilson signed the bill into law on October 3, 1913. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Boston
South Boston is a densely populated neighborhood of Boston, Massachusetts, located south and east of the Fort Point Channel and abutting Dorchester Bay. South Boston, colloquially known as Southie, has undergone several demographic transformations since being annexed to the city of Boston in 1804. The neighborhood, once primarily farmland, is popularly known by its twentieth century identity as a working class Irish Catholic community. Throughout the twenty-first century, the neighborhood has become increasingly popular with millennial professionals. South Boston contains Dorchester Heights, where George Washington forced British troops to evacuate during the American Revolutionary War. South Boston has undergone gentrification, and consequently, its real estate market has seen property values join the highest in the city. South Boston has also left its mark on history with Boston busing desegregation. South Boston is also home to the St. Patrick's Day Parade, a celebration of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
501(c)(4)
A 501(c) organization is a nonprofit organization in the Law of the United States#Federal law, federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501(c)) and is one of over 29 types of nonprofit organizations exempt from some Taxation in the United States, federal Income tax in the United States, income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501(c) for definitions of organizations exempt from state taxation as well. 501(c) organizations can receive unlimited contributions from individuals, corporations, and Labor union, unions. For example, a nonprofit organization may be tax-exempt under section 501(c)(3) organization, 501(c)(3) if its primary activities are charitable, religious, educational, scientific, literary, testing for public safety, fostering amateur sports competition, or preventing cruelty to Child abuse, children or Animal cruelty, animals. Types According ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Code
The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC). It is organized topically, into subtitles and sections, covering income tax in the United States, payroll taxes, estate taxes, gift taxes, and excise taxes; as well as procedure and administration. The Code's implementing federal agency is the Internal Revenue Service. Origins of tax codes in the United States Prior to 1874, U.S. statutes (whether in tax law or other subjects) were not codified. That is, the acts of Congress were not separately organized and published in separate volumes based on the subject matter (such as taxation, bankruptcy, etc.). Codifications of statutes, including tax statutes, undertaken in 1873 resulted in the Revised Statutes of the United States, approved June 22, 1874, eff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mario García Menocal
Aurelio Mario Gabriel Francisco García Menocal y Deop (December 17, 1866 – September 7, 1941) was the 3rd President of Cuba, serving from 1913 to 1921. His term as president saw Cuba's participation in World War I. Youth Born in Jagüey Grande, Matanzas, Cuba, García Menocal was thirteen when he was sent to boarding schools in the United States, first at the Chappaqua Mountain Institute in New York, and later at the Maryland Agricultural College. In 1884, he then went to Cornell University where he graduated in 1888 from the School of Engineering. While at Cornell University, he was a member of the Delta Kappa Epsilon fraternity (Delta Chi Chapter). As a young man he was involved in Cuba's fight for independence from Spain. When Cuba did receive independence following the Spanish–American War, García Menocal became a leading conservative politician. First Term in Office (1913 - 1917) Mario García Menocal was elected president in 1912 and became known for his strong sup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cuba
Cuba ( , ), officially the Republic of Cuba ( es, República de Cuba, links=no ), is an island country comprising the island of Cuba, as well as Isla de la Juventud and several minor archipelagos. Cuba is located where the northern Caribbean Sea, Gulf of Mexico, and Atlantic Ocean meet. Cuba is located east of the Yucatán Peninsula (Mexico), south of both the American state of Florida and the Bahamas, west of Hispaniola ( Haiti/Dominican Republic), and north of both Jamaica and the Cayman Islands. Havana is the largest city and capital; other major cities include Santiago de Cuba and Camagüey. The official area of the Republic of Cuba is (without the territorial waters) but a total of 350,730 km² (135,418 sq mi) including the exclusive economic zone. Cuba is the second-most populous country in the Caribbean after Haiti, with over 11 million inhabitants. The territory that is now Cuba was inhabited by the Ciboney people from the 4th millennium BC with the Gua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theodore Garbade
Theodore Dietrich Garbade (September 12, 1873 – January 26, 1961) was a merchant and banker, he was President of the Union of Manufacturers of Cigars of Cuba. As a young man he moved from the German Village of Cigarmakers “''Zigarrenmacherdorf'' “Hastedt, Bremen to Cuba where he worked as a leaf buyer for Hermann Dietrich Upmann and his Tobacco Company. He was President of the Union of Manufacturers of Cigars of Cuba, and joined H.Upmann as an associate member and became their partner at the Bank: H. Upmann & Co. till 1917 when he moved to New York. He was Head of the Chamber of Commerce in Cuba in 1917. Theodore Garbade played a significant role in the settlement between Cuba and the United States after, President Wilson succeeded 1913 in passing the Revenue Act of 1913, Revenue Act, also known as the Tariff Act, or the Underwood Act. The Act established the lowest rates since the Walker Tariff of 1857. Most schedules were ''ad valorem'' basis, a percentage of the value o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States International Trade Commission
The United States International Trade Commission (USITC or I.T.C.) is an agency of the United States federal government that advises the legislative and executive branches on matters of trade. It is an independent, bipartisan entity that analyzes trade issues such as tariffs and competitiveness and publishes reports. As a quasi-judicial entity, the USITC investigates the impact of imports on U.S. industries, and directs actions against unfair trade practices, such as subsidies; dumping; and intellectual property infringement, including copyright infringement. Background and statutory authority The USITC was established by the U.S. Congress on September 8, 1916, as the U.S. Tariff Commission. In 1974, the name was changed to the U.S. International Trade Commission by section 171 of the Trade Act of 1974. Statutory authority for the USITC's responsibilities is provided by the following legislation: * Tariff Act of 1930 * Agricultural Adjustment Act of 1933 * Trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estate Tax In The United States
The estate tax in the United States is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred by will or, if the person has no will, according to state laws of intestacy. Other transfers that are subject to the tax can include those made through a trust and the payment of certain life insurance benefits or financial accounts. The estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax, applies to transfers of property during a person's life. In addition to this federal estate tax, many states have enacted similar taxes. These taxes may be termed " inheritance taxes" to the extent the tax is payable by a person who inherits money or property of a person who has died, as opposed to an estate tax, which is a levy on the estate (money and property) of a person who has died. The estate tax is often the subject of political debate, and opponents call it the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue Act Of 1916
The United States Revenue Act of 1916, (ch. 463, , September 8, 1916) raised the lowest income tax rate from 1% to 2% and raised the top rate to 15% on taxpayers with incomes above $2 million ($ in dollars). Previously, the top rate had been 7% on income above $500,000 ($ in dollars). The Act also instituted the federal estate tax.Revenue Act of 1916, section 201, Ch. 463, 39 Stat. 756, 777 (Sept. 8, 1916). The entry of the United States into World War I greatly increased the need for revenue. An excess profits tax was introduced and the modern estate tax An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. International tax law distinguishes between an es ... was imposed. The act was applicable to incomes for 1916. Income Tax Table for Individuals A Normal Tax and an Additional Tax were levied against the net income of individuals ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Price Index
A consumer price index (CPI) is a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. Overview A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index (i.e. adjust for the effect of inflation) the real value of wages, salaries, and pensions; to regulate prices; and to deflate monetary magnitudes to show changes in real values. In most c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanton V
Stanton may refer to: Places United Kingdom ;Populated places * Stanton, Derbyshire, near Swadlincote * Stanton, Gloucestershire * Stanton, Northumberland * Stanton, Staffordshire * Stanton, Suffolk * New Stanton, Derbyshire * Stanton by Bridge, Derbyshire * Stanton by Dale, Derbyshire * Stanton Chare, Suffolk * Stanton Drew, Bristol * Stanton Fitzwarren, Wiltshire * Stanton Harcourt, Oxfordshire * Stanton Hill, Nottinghamshire * Stanton in Peak, Derbyshire * Stanton Lacy, Shropshire * Stanton Lees, Derbyshire * Stanton Long, Shropshire * Stanton Moor, Derbyshire * Stanton Prior, Somerset * Stanton St Bernard, Wiltshire * Stanton St John, Oxfordshire * Stanton St Quintin, Wiltshire * Stanton under Bardon, Leicestershire * Stanton upon Hine Heath, Shropshire * Stanton Wick, Somerset United States ;Populated places * Stanton, California * Stanton, Delaware * Stanton, Iowa * Stanton, Kansas * Stanton, Kentucky * Stanton, Michigan * Stanton, Mississippi * Stanton, Mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
