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Understanding Taxation in the U.S.: Historical Insights and Modern Implications

This project explores the history of taxation in the U.S., tracing key developments from sales taxes during the War of 1812 to the establishment of the first income tax law in 1862. It examines the significance of the 16th Amendment, which made income tax a permanent fixture in the tax system. The discussion also reflects on the necessity of taxation for supporting citizens in need, highlighting various state tax rates, such as California's range of 0.10% to 1.00% and New York's combined rate of 8.45%. Ultimately, it argues that taxation can aid in fostering a better society by allowing government support for those facing financial hardships.

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Understanding Taxation in the U.S.: Historical Insights and Modern Implications

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Presentation Transcript

  1. Math Project Why Should I Pay?

  2. History of Taxation • War of 1812 sales taxes on jewelry . • Supported the civil war in 1862 congress enacted the nation’s first income tax law. • A person earning from $600 to $10,000 per year paid tax at the rate of 3%. • In the act of 1862 the office of commissioner of internal revenue. • In the 16th amendment the constitution made the income tax a permanent fixture in the U.S. tax system.

  3. Agree or Disagree with taxation? • Yes I agree with the taxation. • I agree because there people in the U.S that don’t have a job or money to survive. • If people in the U.S give part of their money it will make it easier for the country to support those people who don’t have any money. • If the government helps those people the country will have a better life.

  4. California • The tax rate fro these district range from 0.10% to 1.00% per district. • Use tax law was enacted in 1955. • Counties to impose a sale and use tax • They combined use and district tax rate in some cites and communities.

  5. Hawaii • Hawaii sales tax is 4%

  6. Florida Their tax rate is 6% The use of taxable unless they exchange or transfer products

  7. New York • New York tax rate is 4% • 8.45% combined with the city

  8. New Mexico • 1.7% is new Mexico's taxed rate • It goes up t 5.3%

  9. Reference http://www.boe.ca.gov/sutax/pam71.htm http://www.bankrate.com/finance/money-guides/new-mexico.aspx http://www.thestc.com/STrates.stm http://dor.myflorida.com/dor/taxes/sales_tax.html

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