Tax Fitness

1773 - A Tax on Tea

4/17/2018 11:53 AM

To undercut the price of illegal tea, and rescue the financially troubled EIC, Britain introduced the Tea Act in 1773.

1767 – Townshend Revenue Act

4/10/2018 12:51 PM

The 1767 Townshend Revenue Act was a British Act enacted to raise revenue in the colonies to pay the salaries of governors and judges.

The Stamp Act of 1712 imposed a stamp tax on United Kingdom publishers

4/3/2018 8:59 AM

The Stamp Act of 1712 imposed a stamp tax on United Kingdom publishers. The tax was levied on all publishing including newspapers, pamphlets, legal documents, commercial bills, advertisements, and other papers.

1712 - Queen Anne Introduces a Wallpaper Tax in Great Britain

3/27/2018 11:25 AM

In 1712 Queen Anne introduced a wallpaper tax in Great Britain to generate much-needed income.

1712 - England Introduces the Soap Tax

3/20/2018 4:10 PM

In 1712 England introduced the soap tax on the manufacture of soap. The tax was super unpopular with the poor as it tripled the price of the basic coarse soap.

The Romans Developed the First Trusts (Fideicommissum)

3/13/2018 12:26 PM

The Romans developed the first trusts (fideicommissum), which were testamentary trusts created by wills. The first living trusts (inter vivos), were developed in England during the 12th-century crusades

The Romans Started the First Pension Scheme in 13 B.C.

3/6/2018 2:52 PM

The Romans started the first pension scheme in 13 B.C. when Roman Emperor Augustus began paying pensions to Roman Legionnaires who had served 20 years.