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The Boston Tea Party was an American political and mercantile protest on December 16, 1773, by the Sons of Liberty in Boston in colonial Massachusetts. [2] The target was the Tea Act of May 10, 1773, which allowed the East India Company to sell tea from China in American colonies without paying taxes apart from those imposed by the Townshend Acts.
The passage of the Tea Act 1773 in May 1773, which enforced the remaining taxes on tea, led to the Boston Tea Party on December 16, 1773. Parliament considered this an illegal act because they believed it undermined the authority of the Crown-in-Parliament.
The Intolerable Acts, sometimes referred to as the Insufferable Acts or Coercive Acts, were a series of five punitive laws passed by the British Parliament in 1774 after the Boston Tea Party. The laws aimed to punish Massachusetts colonists for their defiance in the Tea Party protest of the Tea Act, a tax
There are more than 13,000 taxing jurisdictions in the U.S.–and over 900 tax types that a tea merchant can encounter selling domestically and abroad.
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Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]). The average rate for the ...
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Boston Tea Party mural in statehouse. Effective May 10, 1773, the Tea Act 1773 went into effect. This act was designed to assist the financially troubled British East India Company and enable tea to enter North America priced lower than the tea typically smuggled in to avoid taxes. [3]