Posts Tagged ‘income tax’

A Brief Timeline of Taxation of the USA, Section 2

Raleigh NC CPA

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 - After Lincoln was elected, the South walks out on Congress and form the Confederate States of America with a rewritten constitution to keep the newly formed country’s power to tax in check.
1862 - The [...]

A Short Timeline of Tax Practices of the US, Part 1

Raleigh NC CPA

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Between 1868 to 1913, about ninety percent of the federal government’s revenue was derived from tax on alcohol and tobacco. While the Civil War was going on the government instituted a short income tax, but it [...]

The Lesson in Taxation Practices, Part 9: Tax Law, the Slavery Issue, and the American Civil War

Raleigh NC Tax Preparation

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
“Slavery - the one cause of the Civil War.” - John Stuart Mill, 1862
Can there be any doubt concerning it? Of course the American Civil War was about slavery… was it not? Well actually, one [...]

The Lesson in Tax Law, Chapter 8: Tax and The Boston Tea Party

Raleigh NC Tax Preparation

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Ah…. finally an event in history clearly about oppressive taxation. Was the Boston Tea Party a protest against the British tax on tea, as we were all taught? No, not one bit. The colonies had [...]

A History of Taxation Practices, Chapter Seven: Tax Law and The Revolution

Raleigh NC Accountant

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
No modern revolution that was more solidly based in taxation. Taxation not only caused it, but assisted in providing unity for the unorganized and squabbling colonies. However, probably not precisely the way you might imagine. If [...]

A Brief Timeline of Tax Practices of the US, Part Two

Raleigh NC CPA

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
1861 - After Lincoln was elected, southerners walk out on Congress and create the Confederate States of America with a rewritten constitution to sustain the newly formed government right to tax in check.
1862 - The first [...]

A Short Timeline of Tax Practices of the US, Part 3

Raleigh NC Tax Preparation

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
So the question remains, what went wrong with taxes in the US?
US tax makers have been reaping what they have sown for a long time. Our honor system has been trumped by a system in [...]

A Brief Timeline of Taxation Practices of the US, Chapter One

Raleigh NC Accountant

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Between 1868 until 1913, about ninety percent of the national government’s income was derived from taxes on alcohol and tobacco. While the Civil War was going on there was a brief income tax, but it was [...]

The Lesson in Taxation Practices, Section 9: Tax Law, the Slavery Issue, and the Civil War

Raleigh NC CPA

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
“Slavery - the one cause of the Civil War.” - John Stuart Mill, 1862
Could there be a doubt about it? Certainly the American Civil War was about slavery… wasn’t it? Well actually, one of the most [...]

The History of Tax Practices, Part Eight: Tax Law and The Boston Tea Party

Raleigh NC Accountant

W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…
Ah…. now we have an event in history obviously about abusive taxes. Was the Boston Tea Party a protest against the British tax on tea, as we were all taught? No, not at all. The colonies [...]