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Understanding Taxation: A Study of U.S. Tax History and State Tax Rates

This project explores the history of taxation in the United States, tracing back to the early years when internal taxes funded the government from 1791 to 1802. The impact of the War of 1812 led to the first taxes on luxury items. The creation of the Commissioner of Internal Revenue occurred in 1864. The project also examines current state tax rates, highlighting discrepancies in income tax policies across California, Hawaii, Utah, Nevada, and Washington, and discusses personal opinions on taxation.

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Understanding Taxation: A Study of U.S. Tax History and State Tax Rates

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  1. Why Should I Pay? Math Project By: Genesis Torres

  2. History of Taxation • The United States had a few taxes in the earlier history. • From 1791 to 1802, the United States government was supported by internal taxes. • The high cost of the War of 1812, brought the nation’s first taxes on gold, silverware, jewelry, and watches. • The Act of 1864, however, established the office of Commissioner of Internal Revenue.

  3. Agree or Disagree with taxation? • I disagree because taxation makes us pay more money.

  4. California • California tax is 10% • Yes California does income tax

  5. Hawaii • Hawaii tax is 3.4% • Hawaii does not have an income tax rate

  6. Utah • Utah tax rate is 5% • Utah has an income tax rate.

  7. Nevada • Nevada tax rate is 4.97% • Nevada does not levy an individual income tax.

  8. Washington • Washington tax rate is 7.25% • No Washington does not had income tax rate.

  9. Wish List • IPod Touch • Ugg boots • Laptop • Keyboard • Coach sneakers

  10. IPod touch • $299.00 • 7% • Best buy • 299 *.7₊509=$500 • Total cost= $509.5

  11. Ugg boots • $180.00 (Ugg store online) • 10% • 180*.1+180=$198 • Total cost= $198.00

  12. Laptop • $ 499.99 • 4% • 499*.4 +199.6=$698.6 • At best buy. • Total cost=$ 698.6

  13. Keyboard • $199.99 • 5% • 199.99*.5 +99.5=$298.5 • Best buy • Total cost=$ 298.5

  14. Coach sneakers • $ 88.00 • 4% • 88.00*.4 +35.2=$123.2 • Total cost= $123.2 • Dillard’s

  15. References • http://www.boe.ca.gov/sutax/pam71.htm • http://tax.state.nv.us/ • http://www.taxrates.com/sample_hi.htm • http://www.bankrate.com/brm/itax/edit/state/profiles/state_tax_DC.asp • http://www.dillards.com/endeca/EndecaStartServlet?N=1634433&storeId=301&catalogId=663 • http://www.bestbuy.com • http://store.apple.com/us/browse/home/shop_ipod/family/ipod_touch

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