• taxpayers
  • Now that John McCain has joined George W. Bush in presenting a major tax-cut plan, the two GOP candidates are engaged in a debate that is, by conservative standards, unusual: Whose proposal does the most for taxpayers in the middle and lower portions of the income scale? (prospect.org)
  • An income tax is a tax imposed on individuals or entities ( taxpayers ) that varies with their respective income or profits ( taxable income ). (wikipedia.org)
  • payments
  • Most jurisdictions require self-assessment of the tax and require payers of some types of income to withhold tax from those payments. (wikipedia.org)
  • The rate of interest for Development Land Tax, Petroleum Revenue Tax (including Supplementary Petroleum Duty and Advanced Petroleum Revenue Tax), and on Advance Corporation Tax and Income Tax on Company Payments which became due on or before 13 October 1999 paid late or overpaid has increased from 5.75 per cent to 6.5 per cent. (accountancyage.com)
  • The rate of interest on late payment of Income Tax on Company Payments which became due on or after 14 October 1999 has increased from 7.5 per cent to 8.5 per cent. (accountancyage.com)
  • date
  • The inception date of the modern income tax is typically accepted as 1799, at the suggestion of Henry Beeke , the future Dean of Bristol . (wikipedia.org)
  • progressive
  • Given his circumstances, it's not entirely surprising that Peterson is an outspoken opponent of the federal government's two most progressive (and successful) programs: the graduated income tax and Social Security. (prospect.org)
  • William Pitt the Younger introduced a progressive income tax in 1798. (wikipedia.org)
  • Pitt's new graduated (progressive) income tax began at a levy of 2 old pence in the pound (1/120) on incomes over £60 (equivalent to £5,696 in 2015), and increased up to a maximum of 2 shillings in the pound (10%) on incomes of over £200. (wikipedia.org)
  • people
  • What needs to happen now, everybody just needs to keep cool heads, not get frustrated, and continue the dialogue to develop and implement an income tax cut for all the people of Oklahoma. (yahoo.com)
  • held
  • OKLAHOMA CITY (AP) -- The chairman of the Senate Finance Committee on Tuesday stalled a leadership-backed proposal to cut Oklahoma's income tax and then declined to explain why he held up the bill. (yahoo.com)
  • concept
  • The concept of taxing income is a modern innovation and presupposes several things: a money economy , reasonably accurate accounts , a common understanding of receipts, expenses and profits , and an orderly society with reliable records. (wikipedia.org)
  • Practices such as tithing , or an offering of first fruits , existed from ancient times, and can be regarded as a precursor of the income tax, but they lacked precision and certainly were not based on a concept of net increase. (wikipedia.org)