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t. e. Proposition 2½ (Mass. Gen. L. c. 59, § 21C) is a Massachusetts statute that limits property tax assessments and, secondarily, automobile excise tax levies by Massachusetts municipalities. The name of the initiative refers to the 2.5% ceiling on total property taxes annually as well as the 2.5% limit on property tax increases.
Federal excise taxes have been stable at 18.4¢ per gallon for gasoline and 24.4¢ per gallon for diesel fuel since 1993. This raised $37.4 billion in fiscal year 2015. These fuel taxes raised 90% of the Highway Trust Fund. The average of state taxes on fuel was 31.02¢ per gallon for gasoline and 32.66¢ per gallon for diesel fuel in 2021.
City Hall is located in Government Center, in Downtown Boston. The adjoining 8-acre (3.2 ha) City Hall Plaza is sometimes used for parades and rallies and, most memorably, the region's championship sports teams, the Boston Celtics, Boston Bruins, New England Patriots, and the Boston Red Sox, have been feted in front of City Hall.
Congress enacted an income tax in October 1913 as part of the Revenue Act of 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000, equivalent of $16,717,815 in 2018 dollars [24]).
Signed into law by President George Washington on March 3, 1791. Tariff of 1791 or Excise Whiskey Tax of 1791 was a United States statute establishing a taxation policy to further reduce Colonial America public debt as assumed by the residuals of American Revolution.
John Malcolm (Loyalist) The Bostonians Paying the Excise-Man, or, Tarring & Feathering, a 1774 British print, attributed to Philip Dawe, [1] combines assault on Malcolm with earlier Boston Tea Party in background. John Malcolm (May 20, 1723 - November 23, 1788), sometimes spelled Malcom or Malcomb, was a British sea captain, army officer, and ...
The agreement may be in place for no more than 5 years. However, towns and cities throughout Massachusetts have not followed these requirements. Retail sales have a 10.75% excise tax on the marijuana, on top of the general 6.25% state sales tax, and up to a 3% local option tax, for a total of 17%–20% tax. [22]
Boston was transformed from a relatively small and economically stagnant town in 1780 to a bustling seaport and cosmopolitan center with a large and highly mobile population by 1800. It had become one of the world's wealthiest international trading ports, exporting products like rum, fish, salt and tobacco. [52]