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[79] [needs update] Some states, such as New Jersey, impose alternative taxes based on measures other than taxable income. Among such measures are gross income, pipeline revenues, gross receipts, and various asset or capital measures. In addition, some states impose a tax on capital of corporations or on shares issued and outstanding.
President Calvin Coolidge signing the income tax bill which established the U.S. Board of Tax Appeals; Andrew Mellon is the third figure from the right.. The first incarnation of the Tax Court was the "U.S. Board of Tax Appeals", established by Congress in the Revenue Act of 1924 [4] [5] (also known as the Mellon tax bill) in order to address the increasing complexity of tax-related litigation.
The Tax Cuts and Jobs Act of 2017, which lowered income taxes for many Americans and lowered the corporate tax rate from 35% to 21%, were a major component of Trump's economic policy. Biden and the Democrats generally describe these cuts as unfairly benefiting the upper class.
Atlanta's 343 parks, nature preserves, and gardens cover 3,622 acres (14.66 km 2), [348] which amounts to only 5.6% of the city's total acreage, compared to the national average of just over 10%. [349] [350] However, 77% of Atlantans live within a 10-minute walk of a park, a percentage slightly better than the national average of 76%. [351]