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Progressive Tax
A progressive tax is a tax in which the tax rate increases as the taxable amount increases. The term ''progressive'' refers to the way the tax rate progresses from low to high, with the result that a taxpayer's average tax rate is less than the person's marginal tax rate. The term can be applied to individual taxes or to a tax system as a whole. Progressive taxes are imposed in an attempt to reduce the tax incidence of people with a lower wikt:ability to pay, ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay. The opposite of a progressive tax is a regressive tax, such as a sales tax, where the poor pay a larger proportion of their income compared to the rich (for example, spending on groceries and food staples varies little against income, so poor pay similar to rich even while latter has much higher income). The term is frequently applied in reference to personal income taxes, in which people with lower income pay a lower percen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Psychological Science
''Psychological Science'', the flagship journal of the Association for Psychological Science, is a monthly, peer-reviewed scientific journal published by SAGE Publications. The journal publishes research articles, short reports, and research reports covering all aspects of psychology. Its editor-in-chief is Simine Vazire (University of Melbourne). Past editors The following persons have been editors-in-chief: *Patricia Bauer (Emory University) (2020–2023) * Stephen Lindsay, University of Victoria (2015–2019) *Eric Eich, University of British Columbia (2012–2015) *Robert V. Kail, Purdue University (2007–2012) * James E. Cutting, Cornell University (2003–2007) * Sam Glucksberg, Princeton University (1999–2003) * John F. Kihlstrom, University of California, Berkeley * William Kaye Estes, Indiana University Indiana University (IU) is a state university system, system of Public university, public universities in the U.S. state of Indiana. The system has two core camp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shilling
The shilling is a historical coin, and the name of a unit of modern currency, currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a Pound (currency), pound before being phased out during the 1960s and 1970s. Currently the shilling is used as a currency in five east African countries: Kenyan shilling, Kenya, Tanzanian shilling, Tanzania, Ugandan shilling, Uganda, Somali shilling, Somalia, and the ''de facto'' country of Somaliland shilling, Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Anglo-Saxon language, Anglo-Saxon phrase "Scilling", a monetary term meaning literally "twentieth of a pound", from the Proto-Germanic root :wikt:Reconstruction:Proto-Germanic/skiljaną, skiljaną meaning literally "to separate, split, divide", from :wikt:Reconstr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Pence
The British pre-decimal penny was a denomination of sterling coinage worth of one pound or of one shilling. Its symbol was ''d'', from the Roman denarius. It was a continuation of the earlier English penny, and in Scotland it had the same monetary value as one pre-1707 Scottish shilling, thus the English penny was called in Scottish Gaelic. The penny was originally minted in silver, but from the late 18th century it was minted in copper, and then after 1860 in bronze. The plural of "penny" is "pence" (often added as an unstressed suffix) when referring to an amount of money, and "pennies" when referring to a number of coins. Thus 8''d'' is eightpence or eight pence, but "eight pennies" means specifically eight individual penny coins. Before Decimal Day in 1971, sterling used the Carolingian monetary system (£sd), under which the largest unit was a pound (£) divisible into 20 shillings (s), each of 12 pence (d). The pre-decimal penny was demonetised on 1 September 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Revolutionary War
The French Revolutionary Wars () were a series of sweeping military conflicts resulting from the French Revolution that lasted from 1792 until 1802. They pitted France against Great Britain, Austria, Prussia, Russia, and several other countries. The wars are divided into two periods: the War of the First Coalition (1792–1797) and the War of the Second Coalition (1798–1802). Initially confined to Europe, the fighting gradually assumed a global dimension. After a decade of constant warfare and aggressive diplomacy, France had conquered territories in the Italian peninsula, the Low Countries, and the Rhineland with its very large and powerful military which had been totally mobilized for war against most of Europe with mass conscription of the vast French population. French success in these conflicts ensured military occupation and the spread of revolutionary principles over much of Europe. As early as 1791, the other monarchies of Europe looked with outrage at the revolution ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Pitt The Younger
William Pitt (28 May 1759 – 23 January 1806) was a British statesman who served as the last prime minister of Kingdom of Great Britain, Great Britain from 1783 until the Acts of Union 1800, and then first Prime Minister of the United Kingdom, prime minister of the United Kingdom from January 1801. He left office in March 1801, but served as prime minister again from 1804 until his death in 1806. He was also Chancellor of the Exchequer for all of his time as prime minister. He is known as "Pitt the Younger" to distinguish him from his father, William Pitt the Elder, who had also previously served as prime minister. Pitt's prime ministerial tenure, which came during the reign of King George III, was dominated by major political events in Europe, including the French Revolution and the Napoleonic Wars. Pitt, although often referred to as a Tory (British political party), Tory, or "new Tory", called himself an "independent Whig (British political party), Whig" and was generally oppo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister
A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but rather the head of government, serving as the chief of the executive under either a monarch or a president in a republican form of government. In parliamentary systems of government (be they constitutional monarchies or parliamentary republics), the Prime Minister (or occasionally a similar post with a different title, such as the Chancellor of Germany) is the most powerful politician and the functional leader of the state, by virtue of commanding the confidence of the legislature. The head of state is typically a ceremonial officer, though they may exercise reserve powers to check the Prime Minister in unusual situations. Under some presidential systems, such as South Korea and Peru, the prime minister is the leader or the most s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kingdom Of Great Britain
Great Britain, also known as the Kingdom of Great Britain, was a sovereign state in Western Europe from 1707 to the end of 1800. The state was created by the 1706 Treaty of Union and ratified by the Acts of Union 1707, which united the Kingdom of England (including Wales) and the Kingdom of Scotland to form a single kingdom encompassing the whole island of Great Britain and its outlying islands, with the exception of the Isle of Man and the Channel Islands. The unitary state was governed by a single Parliament of Great Britain, parliament at the Palace of Westminster, but distinct legal systems—English law and Scots law—remained in use, as did distinct educational systems and religious institutions, namely the Church of England and the Church of Scotland remaining as the national churches of England and Scotland respectively. The formerly separate kingdoms had been in personal union since the Union of the Crowns in 1603 when James VI of Scotland became King of England an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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''The'' is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pronoun ''thee' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Negative Income Tax
In economics, a negative income tax (NIT) is a system which reverses the direction in which tax is paid for incomes below a certain level; in other words, earners above that level pay money to the state while earners below it receive money. NIT was proposed by British writer and politician Juliet Rhys-Williams while working on the Beveridge Report in the early 1940s and popularized by American economist Milton Friedman in the 1960s as a system in which the state makes payments to poor people when their income falls below a threshold, while taxing them on income above that threshold. Together with Friedman, supporters of NIT also included James Tobin, Joseph A. Pechman, Jim Gray and even then-President Richard Nixon, who suggested implementation of modified NIT in his Family Assistance Plan. After the increase in popularity of NIT, an experiment sponsored by the US government was conducted between 1968 and 1982 on effects of NIT on labour supply, income, and substitution ef ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Akbar
Akbar (Jalal-ud-din Muhammad Akbar, – ), popularly known as Akbar the Great, was the third Mughal emperor, who reigned from 1556 to 1605. Akbar succeeded his father, Humayun, under a regent, Bairam Khan, who helped the young emperor expand and consolidate Mughal domains in the Indian subcontinent. He is generally considered one of the greatest emperors in Indian history and led a successful campaign to unify the various kingdoms of '' Hindūstān'' or India proper. Quote: "Akbar, The greatest Mughal emperor of India." Akbar gradually enlarged the Mughal Empire to include much of the Indian subcontinent through Mughal military, political, cultural, and economic dominance. To unify the vast Mughal state, Akbar established a centralised system of administration and adopted a policy of conciliating conquered rulers through marriage and diplomacy. To preserve peace and order in a religiously and culturally diverse empire, he adopted policies that won him the support of his no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
