The Pros And Cons Of The Stamp Act Of 1765

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The Stamp Act of 1765 was the first internal tax levied directly on American colonists by the British government. The act, which imposed a tax on all paper documents in the colonies, came at a time when the British Empire was deep in debt from the Seven Years’ War and looking to its North American colonies as a source of revenue. Arguing that only their own representative councils could tax them, the North American colonies demanded that the act was unconstitutional, and they resorted to violence to force stamp collectors into resigning. Parliament repealed the Stamp Act in 1766, but issued a Declaratory Act at the same time to reaffirm its authority to pass any colonial legislation it saw as necessary. The issues of taxation and representation …show more content…

Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks and services such as indoor tanning. One of the major components of the excise program is motor fuel. There are two types of excise tax, the specific fixed dollar amount mentioned above for gasoline and cigarettes that is included in the price and an ad valorem tax that is a percentage charged for a specific good. There is also a third type of excise tax in the US on retirement accounts, including excess contributions to IRAs, early distributions from those IRAs, and penalty for not meeting the minimum distribution requirements (IRS.gov, …show more content…

citizens and residents if the wages are effectively connected with the conduct of a U.S. trade or business. This also includes an employee working for an organization organized in the U.S. or an estate. “Under IRC section 864(b), with certain exceptions, the term "trade or business within the United States" includes the performance of personal services within the United States” (IRS.gov, 2016) (p. 1). Any wages paid to a nonresident alien individual for personal services performed as an employee for an employer are generally exempt from the 30% "NRA withholding" if the wages are subject to graduated withholding (IRS.gov,

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