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Revenue from poll taxes acted as a major source of funding for state governments. To increase this revenue, poll taxes were also frequently extended to the process of obtaining hunting, fishing, and driving licenses. [4] Poll taxes were a prerequisite to voting registration in many states.
Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000. [8] This tax was repealed and replaced by another income tax in the Revenue Act of 1862. [9] After the war when the need for federal revenues decreased, Congress (in the Revenue Act of 1870) let the tax law expire in 1873. [10]
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 February 2025. "American history" redirects here. For the history of the continents, see History of the Americas. Further information: Economic history of the United States Current territories of the United States after the Trust Territory of the Pacific Islands was given independence in 1994 This ...
Printable version; In other projects Wikidata item; ... which were printed from 1775 through 1779. 1775. Denomination ... 1776 [5] $ 1 ⁄ 2: February 17 ...
The first issue amounted to 242 million dollars. This paper money would supposedly be redeemed for state taxes, but the holders were eventually paid off in 1791 at the rate of one cent on the dollar. By 1780, the paper money was so devalued that the phrase "not worth a Continental" became synonymous with worthlessness. [104]
According to the Census’s Annual Survey of State and Local Government Finances, area governments collected more than $630 billion in property taxes in 2021 (the latest year for which national ...
Historian Lawrence C. Wroth, in his 1938 work, The Colonial Printer, comparatively outlines the various sorts of print type that were available in the late 1600s up until 1770. [232] In the Germantown section of present-day Philadelphia, the first regular foundry for casting type was built by Christopher Sower, [x] in 1772. However, its type ...
July 4 American Revolution: The United States Declaration of Independence, in which the United States officially declares independence from the British Empire, is approved by the Continental Congress and signed by its president, John Hancock, together with representatives from Connecticut, Delaware, Georgia, Maryland, Massachusetts Bay, New Hampshire, New Jersey, New York, North Carolina ...