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Underwood Tariff
The Revenue Act of 1913, also known as the Tariff Act of 1913, Underwood Tariff or the Underwood–Simmons Act (ch. 16, ), re-established a federal income tax in the United States and substantially lowered tariffs in United States history, tariff rates. The act was sponsored by Representative Oscar Underwood, passed by the 63rd United States Congress, and signed into law by President Woodrow Wilson. Wilson and other members of the Democratic Party (United States), Democratic Party had long seen high tariffs as equivalent to unfair taxes on consumers, and tariff reduction was President Wilson's first priority upon taking office. Following the ratification of the Sixteenth Amendment to the United States Constitution, Sixteenth Amendment in 1913, Democratic leaders agreed to seek passage of a major bill that would dramatically lower tariffs and implement an income tax. Underwood quickly shepherded the revenue bill through the United States House of Representatives, House of Represent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oscar Underwood
Oscar Wilder Underwood (May 6, 1862 – January 25, 1929) was an United States of America, American lawyer and politician from Alabama, and also a candidate for President of the United States in 1912 and 1924. He was the first formally designated floor leader in the United States Senate, and the only individual to serve as the Democratic Party (United States), Democratic leader in both the Senate and the United States House of Representatives. Born in Louisville, Kentucky, Underwood began a legal career in Minnesota after graduating from the University of Virginia. He moved his legal practice to Birmingham, Alabama, in 1884 and won election to the House of Representatives in 1894. Underwood served as House Majority Leader from 1911 to 1915, and was a strong supporter of President Woodrow Wilson's Progressivism in the United States, progressive agenda and a prominent advocate of a reduction in the tariffs in United States history, tariff. He sponsored the Revenue Act of 1913, al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wool
Wool is the textile fiber obtained from sheep and other mammals, especially goats, rabbits, and camelids. The term may also refer to inorganic materials, such as mineral wool and glass wool, that have some properties similar to animal wool. As an animal fiber, wool consists of protein together with a small percentage of lipids. This makes it chemically quite distinct from cotton and other plant fibers, which are mainly cellulose. Characteristics Wool is produced by follicles which are small cells located in the skin. These follicles are located in the upper layer of the skin called the epidermis and push down into the second skin layer called the dermis as the wool fibers grow. Follicles can be classed as either primary or secondary follicles. Primary follicles produce three types of fiber: kemp, medullated fibers, and true wool fibers. Secondary follicles only produce true wool fibers. Medullated fibers share nearly identical characteristics to hair and are long but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Code
The Internal Revenue Code of 1986 (IRC), is the domestic portion of federal statutory tax law in the United States. It is codified in statute as Title 26 of the United States Code. The IRC is organized topically into subtitles and sections, covering federal income tax in the United States, payroll taxes, estate taxes, gift taxes, and excise taxes; as well as procedure and administration. The Code's implementing federal agency is the Internal Revenue Service. Origins of tax codes in the United States Prior to 1874, U.S. statutes (whether in tax law or other subjects) were not codified. That is, the acts of Congress were not organized and published in separate volumes based on the subject matter (such as taxation, bankruptcy, etc.). Codifications of statutes, including tax statutes, undertaken in 1873 resulted in the Revised Statutes of the United States, approved June 22, 1874, effective for the laws in force as of December 1, 1873. Title 35 of the Revised Statutes was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mario García Menocal
Aurelio Mario Gabriel Francisco García Menocal y Deop (December 17, 1866 – September 7, 1941) was the 3rd President of Cuba, serving from 1913 to 1921. His term as president saw Cuba's participation in the Allies in World War I. Early life and education Menocal was born on December 17, 1866, in Jagüey Grande, Matanzas, in Spanish Cuba. At 13-years-old, he was sent to boarding schools in the United States, where he attended Chappaqua Mountain Institute in Chappaqua, New York and then Maryland State College of Agriculture, which was later renamed the University of Maryland, College Park in College Park, Maryland. In 1884, he was accepted to Cornell University, where he graduated as civil engineer from the Cornell University College of Engineering in 1888. While at Cornell University, he was a member of the Delta Chi chapter of Delta Kappa Epsilon fraternity. Career As a young man, he was involved in the Cuban War of Independence, which sought Cuba's independence f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cuba
Cuba, officially the Republic of Cuba, is an island country, comprising the island of Cuba (largest island), Isla de la Juventud, and List of islands of Cuba, 4,195 islands, islets and cays surrounding the main island. It is located where the northern Caribbean Sea, Gulf of Mexico, and Atlantic Ocean meet. Cuba is located east of the Yucatán Peninsula (Mexico), south of both Florida and the Bahamas, west of Hispaniola (Haiti/Dominican Republic), and north of Jamaica and the Cayman Islands. Havana is the largest city and capital. Cuba is the List of countries and dependencies by population, third-most populous country in the Caribbean after Haiti and the Dominican Republic, with about 10 million inhabitants. It is the largest country in the Caribbean by area. The territory that is now Cuba was inhabited as early as the 4th millennium BC, with the Guanahatabey and Taino, Taíno peoples inhabiting the area at the time of Spanish colonization of the Americas, Spanish colonization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theodore Garbade
Theodore Dietrich Garbade (12 September 187326 January 1961) was a merchant and banker. He was President of the Union of Manufacturers of Cigars of Cuba. As a young man he moved from the German ''Zigarrenmacherdorf'' ("cigar-making village") of Hastedt (Bremen), Hastedt, Bremen to Cuba where he worked as a leaf buyer for Hermann Dietrich Upmann and his tobacco company. He was President of the Union of Manufacturers of Cigars of Cuba, and joined H. Upmann as an associate member and became their partner at the bank H. Upmann & Co. till 1917 when he moved to New York City, New York. He was Head of the Chamber of commerce, Chamber of Commerce in Cuba in 1917. Garbade played a significant role in the settlement between Cuba and the United States after President Wilson succeeded in passing the Revenue Act of 1913. The act established the lowest rates since the Walker Tariff of 1857. Most schedules were ''Ad valorem tax, ad valorem'' basis, a percentage of the value of the item. This had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States International Trade Commission
The United States International Trade Commission (USITC or I.T.C.) is an agency of the United States federal government that advises the legislative and executive branches on matters of trade. It was created by Congress in 1916 as the U.S. Tariff Commission. It changed to its current name in 1974. It is an independent, bipartisan entity that analyzes trade issues such as tariffs and competitiveness and publishes reports. As a quasi-judicial entity, the USITC investigates the impact of imports on U.S. industries, and directs actions against unfair trade practices, such as subsidies; dumping; and intellectual property infringement, including copyright infringement. Background and statutory authority The USITC was established by the U.S. Congress on September 8, 1916, as the U.S. Tariff Commission. In 1974, the name was changed to the U.S. International Trade Commission by section 171 of the Trade Act of 1974. Statutory authority for the USITC's responsibilities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estate Tax In The United States
In the United States, the estate tax is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred by will or, if the person has no will, according to state laws of intestacy. Other transfers that are subject to the tax can include those made through a trust and the payment of certain life insurance benefits or financial accounts. The estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax, applies to transfers of property during a person's life. In addition to the federal government, 12 states tax the estate of the deceased. Six states have " inheritance taxes" levied on the person who receives money or property from the estate of the deceased. The estate tax is periodically the subject of political debate. Some opponents have called it the "death tax" [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue Act Of 1916
The United States Revenue Act of 1916, (ch. 463, , September 8, 1916) raised the lowest income tax rate from 1% to 2% and raised the top rate to 15% on taxpayers with incomes above $2 million ($ in dollars). Previously, the top rate had been 7% on income above $500,000 ($ in dollars). The Act also instituted the federal estate tax.Revenue Act of 1916, section 201, Ch. 463, 39 Stat. 756, 777 (Sept. 8, 1916). The entry of the United States into World War I greatly increased the need for revenue. An excess profits tax was introduced and the modern estate tax International tax law distinguishes between an estate tax and an inheritance tax. An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and pr ... was imposed. The act was applicable to incomes for 1916. Income Tax Table for Individuals A Normal Tax and an Additional Tax were levied against the net income of individual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Price Index
A consumer price index (CPI) is a statistical estimate of the level of prices of goods and services bought for consumption purposes by households. It is calculated as the weighted average price of a market basket of Goods, consumer goods and Service (economics), services. Changes in CPI track changes in prices over time. The items in the basket are updated periodically to reflect changes in consumer spending habits. The prices of the goods and services in the basket are collected (often monthly) from a sample of retail and service establishments. The prices are then adjusted for changes in quality or features. Changes in the CPI can be used to track inflation over time and to compare inflation rates between different countries. While the CPI is not a perfect measure of inflation or the cost of living, it is a useful tool for tracking these economic indicators. It is one of several Price index, price indices calculated by many national statistical agencies. Overview A CPI is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanton V
Stanton may refer to: Places United Kingdom East of England * Stanton, Suffolk * Stanton Chare, Suffolk East Midlands * Stanton, Derbyshire, near Swadlincote * Stanton by Bridge, Derbyshire * Stanton by Dale, Derbyshire * Stanton in Peak, Derbyshire * Stanton Moor, Derbyshire * Stanton under Bardon, Leicestershire * Stanton Hill, Nottinghamshire North East * Stanton, Northumberland South East * Stanton Harcourt, Oxfordshire * Stanton St John, Oxfordshire South West * Stanton, Gloucestershire * Stanton Drew, Bristol * Stanton Prior, Somerset * Stanton Wick, Somerset * Stanton Fitzwarren, Wiltshire * Stanton St Bernard, Wiltshire * Stanton St Quintin, Wiltshire West Midlands * Stanton, Staffordshire, a village * Stanton Lacy, Shropshire * Stanton Long, Shropshire * Stanton upon Hine Heath, Shropshire United States Populated places * Stanton, California * Stanton, Delaware * Stanton, Iowa * Stanton, Kansas * Stanton, Kentucky * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
