Taxes

Taxes

7 Contentious Trade Wars in US History

While some trade war tactics have led to revolutions (Boston Tea Party), others have failed miserably (Smoot-Hawley Act). 1. The Boston Tea Party Major players: American colonists, ...read more

Why We Pay Taxes

Since 1950, individual income taxes have been the primary source of revenue for the U.S. federal government. Together with payroll taxes (used to fund social programs like Social Security and Medicare), income taxes amount to roughly 80 percent of all federal revenue, and are the ...read more

Whiskey Rebellion

The Whiskey Rebellion was a 1794 uprising of farmers and distillers in western Pennsylvania in protest of a whiskey tax enacted by the federal government. Following years of aggression with tax collectors, the region finally exploded in a confrontation that resulted in President ...read more

Meet the Man Who Invented Modern Retirement

Sometimes history is made by presidents, revolutionaries, artists, or groundbreaking scientists. But at least once it was altered by a pension benefits consultant sitting at his desk in Pennsylvania studying the tax code in the late 1970s. Today, Ted Benna is known as the “father ...read more

Shays’ Rebellion

Shays’ Rebellion was a series of violent attacks on courthouses and other government properties in Massachusetts that began in 1786 and led to a full-blown military confrontation in 1787. The rebels were mostly ex-Revolutionary War soldiers-turned farmers who opposed state ...read more

Townshend Acts

The Townshend Acts were a series of measures, passed by the British Parliament in 1767, that taxed goods imported to the American colonies. But American colonists, who had no representation in Parliament, saw the Acts as an abuse of power. The British sent troops to America to ...read more