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There have also been attempts since then to introduce land value tax legislation, such as the Federal Property Tax Act of 1798, [15] and HR 6026, a bill introduced to the United States House of Representatives on February 20, 1935 by Theodore L. Moritz of Pennsylvania. HR 6026 would have imposed a national 1% tax on the value of land in excess ...
Taxing jurisdictions levy tax on property following a preliminary or final determination of value. Property taxes in the United States generally are due only if the taxing jurisdiction has levied or billed the tax. The form of levy or billing varies, but is often accomplished by mailing a tax bill to the property owner or mortgage company. [48]
A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. [ 3 ] [ 4 ] The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century.
About one half of the county's farm land was converted to non-farm ownership by the 1960s. [2]: 12 The Maryland-National Capital Park and Planning Commission noted a loss of 18,768 acres (75.95 km 2) acres of farm land over an 8-year period in the 1970s, an average of 2,346 acres/year. [2]: 14
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In the period following Oliver Cromwell's fall in England, the colony grew and transitioned to a slave economy. It saw the beginnings of industry and urbanization. At the turn of the eighteenth century, King William's War (1689–1697) and Queen Anne's War (1702–1714) brought Maryland into depression again as European demand for tobacco decreased sharply.
The Income Tax and the Progressive Era (Routledge, 2018) excerpt. Burg, David F. A World History of Tax Rebellions: An Encyclopedia of Tax Rebels, Revolts, and Riots from Antiquity to the Present (2003) excerpt and text search; Doris, Lillian (1963). The American Way in Taxation: Internal Revenue, 1862–1963. Wm. S. Hein. ISBN 978-0-89941-877-3.
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