Income Tax and Other taxes
Posted by SuzanneR on July 25, 1998 at 12:28:23:
The younger Pitt did indeed institute a wartime income tax in 1798. It was imposed on all who earned more than 60 pounds a year. The amount was 2 shillings in the pound for incomes of 200 pounds or more.
He also increased taxes on luxury items: horses, personal servants, hackney coaches, windows, hats, ribbons, candles, bricks, dogs, clocks and watches.
I believe the income tax was repealed after the Napoleonic War even though there was an enormous national debt. The moneyed classes insisted on repeal.
- Income Taxes in the Army Captain Everett 08:42:58 7/27/98 (0)
- income taxes, etc. Bob Whitworth 23:05:27 7/26/98 (0)
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