Archive for the 'Taxes' Category

STAMP ACT ENACTED ON THIS DAY IN 1765

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In the face of widespread opposition in the American colonies,
Parliament enacted the
Stamp Act, a taxation measure designed
to raise revenue for British military operations in America.

Defense of the American colonies in the French and Indian War
(1754-63) and Pontiac’s Rebellion (1763-64) were costly affairs
for Great Britain, and Prime Minister George Grenville hoped to
recover some of these costs by taxing the colonists. In 1764, the
Sugar Act was enacted, putting a high duty on refined sugar.

Although resented, the Sugar Act tax was hidden in the cost of
import duties, and most colonists accepted it. The Stamp Act,
however, was a direct tax on the colonists and led to an uproar
in America over an issue that was to be a major cause of the
Revolution: taxation without representation.

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posted by Bob Karm in ANNIVERSARY,HISTORY,Stamp act,Taxes and have No Comments

ECONOMIC RECOVERY TAX ACT SIGNED

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On August 13, 1981, at his California home Rancho del Cielo (above),
Ronald Reagan signs the Economic Recovery Tax Act (ERTA), a
package of tax and budget reductions that set the tone for his
administration’s trickle-down economic policy.

During his campaign for the White House in 1980, Reagan argued
on behalf of “supply-side economics,” the theory of using tax
cuts as incentives for individuals and businesses to work and
produce goods (supply) rather than as an incentive for consumers
to buy goods (demand)..

 

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posted by Bob Karm in ANNIVERSARY,HISTORY,President,Taxes and have No Comments

THE NEWS THAT MADE HISTORY

Today-In-Historytitle

MikeGracia1
MIKE GRACIA

Image result for the boston tea party
Nearly 350 chests of tea were dumped into Boston Harbor off of
British ships by Colonial patriots on this day in 1773. The patriots
were disguised as Indians. The act was to protest taxation without
representation and the monopoly the government granted to the
East India Company.

Two ships in a harbor, one in the distance. On board, men stripped to the waist and wearing feathers in their hair throw crates of tea overboard. A large crowd, mostly men, stands on the dock, waving hats and cheering. A few people wave their hats from windows in a nearby building.

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Image result for the boston tea party

posted by Bob Karm in ANNIVERSARY,Battle,BIRTHDAY,HISTORY,MUSIC,Protest,Taxes,WAR and have No Comments

FIRST STATE TO TAX GASOLINE IN 1919

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The history of the gas tax began when Oregon state lawmakers were
looking for a way to fund road construction. They passed the nation’s
first per-gallon tax on gasoline in 1919. The first gasoline tax was one 
cent per gallon. The revenue was used for early road building projects 
including the Pacific Highway and the Columbia River Highway (below).

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                                        Image result for 1919 penny 

Image result for vintage gas station in 1919 in oregon

posted by Bob Karm in ANNIVERSARY,Fuel,Gas Tax,HISTORY,Oregon History,Taxes and have No Comments

REVIEWING PAST NEWS EVENTS

todayinhistory

Tim maguire
Tim Maguire

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Christopher D’Olier Reeve (September 25, 1952 – October 10, 2004)

posted by Bob Karm in ANNIVERSARY,BIRTHDAY,DEATH,Government,Hijacking,HISTORY,MOVIES,POLITICAL,Taxes and have No Comments