What was the most common form of taxation during the colonial era? Tariffs, duties, and taxes...

What was the most common form of taxation during the colonial era?

Tariffs, duties, and taxes on commerce
The animal head tax
Taxes for use of government services and lands
The income taxes

Expert Solution

Colonialism means one country is under the rule of another country. Colonial era in america was 1492-1763.European nations reached to America to increase their wealth as well as to bulid a world affair .Spanish were the first european who settled in America.First colony was formed at Jamestown, Virginia in 1607.They flourished colony with the help of some native americans. They cultivated tobacco ,alcoholic beverages and earned cash.The taxation in colonial period was different from moderm era.They were totally unaware regarding taxation.In 1776, in US there were no income taxes , no corporate taxes and no pay roll taxes. They were funded by tariffs and excise taxes.It includes sale of particular products imports of particular goods and services to the society.In1764 they passed sugar act(textie,coffee,sugar, wine), currency act(value of paper money) and in 1765 they passed quartering(food and lodge) act.

The most common form of taxation during the colonial era was

a.tariffs, duties and taxes on commerce

In 1776,there was no income taxes,no corporate taxes and no pay roll taxes. They were funded by tariffs and excise taxes.It includes sale of particular products imports of particular goods and services to the society.In1764 they passed sugar act(textie,coffee,sugar, wine), currency act(value of paper money) and in 1765 they passed quartering(food and lodge) act.

b.The animal head tax was not considerd as the form of taxation during the colonial period

In 1796 taxes for all livestocks formed.

c.Taxes for use of government services and lands were not considered as the form of taxation during the colonial period

In 1796 property tax was created. But there was no uniformity

d. There was no income taxes in the colonial era.

In 1776, in US there was no income taxes , no corporate taxes and no pay roll taxes.Civil war led to the creation of income tax in 1913

ANSWER

a. Correct

b. Incorrect

c.Incorrect

d.Incorrect

Nightingale answered 2 years ago

What was the American Revolution really about? What turned a colonial revolt over taxes into a...

What was the American Revolution really about? What turned a colonial revolt over taxes into a full-blown movement to overthrow the British government and create a new nation? How did American revolutionaries justify the momentous act of disobeying and overthrowing the established government and declaring a new nation

During the postindustrial era what are the factors that transformed medicine?

What is multinational taxes as well as other taxation concepts. Discuss key concepts.

One of the most common types of fertilizers used by farmers is a form of the...

One of the most common types of fertilizers used by farmers is a form of the highly soluble salt ammonium chloride (NH4Cl). At a certain farm, water runoff from fields carries dissolved ammonium chloride to a nearby pond, resulting in a dissolved concentration of NH4Cl in the pond of 5 mg/L. At the same time, ammonia gas (NH3) is being produced by cows that feed around the farmer’s pond, resulting in an atmospheric level of 500 ppb above the water...

What is meant by the term "double taxation" as applied to the corporate form of business...

What is meant by the term "double taxation" as applied to the corporate form of business organization? Question 6 options: A) Corporate income is taxed, and then shareholders are taxed on the corporate dividends they receive. B) Corporations pay both income tax and sales taxes on their goods. C) Corporate income is taxed at twice the rate of partnership income. D) Corporations pay both Federal income tax and state income tax on their earnings.

The Individual taxable entity is the most common when filing taxes. It is very important that...

The Individual taxable entity is the most common when filing taxes. It is very important that taxpayers know which filing status they should use each year. Explain why your filing status is important when completing an individual tax return. List some of the repercussions of incorrectly determining your proper filing status. State the distinction between above-the-line and below-the-line deductions.

What items does Hamilton propose raising or enacting new duties or taxes on? How does this...

What items does Hamilton propose raising or enacting new duties or taxes on? How does this anticipate the current-day use of "sin taxes" or federal taxes on items such as tobacco? Why did he choose to single out these items?

How have communication systems changed over the past 35 years? What is the most common form...

How have communication systems changed over the past 35 years? What is the most common form of communications systems found in modern SCADA systems? Why?

Osteoarthritis, or degenerative joint disease, is the most common form of arthritis. The cause of osteoarthritis...

Osteoarthritis, or degenerative joint disease, is the most common form of arthritis. The cause of osteoarthritis is unknown, but the condition is typically associated with aging. It's no suprise, then, that more prescription and over-the-counter (OTC) drugs are being marketed to aging baby boomers. Discuss the current spate of products and related advertising, including events that may result in taking a drug off the market. Please write or type all answers/responses that are legible and understandable. Thank you for taking...

Justify Why is the point method the most common form of job evaluation in Canada?

Question