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W. Marc Gilfillan, CPA, NC, individual and business CPA and Tax expert, shares about the history of taxes…

There has been no modern revolution that was more solidly based in tax problems. Tax issues not only caused it, but assisted in providing unity for the unorganized and squabbling colonies. However, maybe not precisely the way you might imagine. If you’re feeling the pressure with today’s taxes, call a CPA for Tax Preparation in Raleigh, NC for all your tax-related needs!

First, the British taxes on the colonies were neither not fair nor oppressing on the people. Actually, Americans had it great: we had the protection of the British empire, our land was rich, business was good, and there were jobs for everyone. Europe’s social castes didn’t limit the citizens and our sons were not forced to battle in wars in far-off places… we had it good. So what happened? Well, some missteps and misstatements by both sides. Go here if you want help with a modern-day Tax Return in Raleigh, NC.

“Taxation without representation” was indeed a problem. But nobody quite knew the solution to this problem (following the American revolution, many colonies such as Canada and Australia were able to find more productive solutions). However, at this time there was no agreement by the British parliament or American leaders on what could happen to avoid “taxation without representation”. Ben Franklin, unknowingly I presume, made the issue worse. He took a boat over to England as our liaison and said that internal taxes were bad but external taxes were OK.

By internal taxes, he meant the stamp tax and other taxes that were paid on transactions within the colonies themselves. External taxes, according to colonists’ definition, were those such as import taxes that were placed upon transactions that only in part took place in the colonies. The colonists thought import taxes were external to the colonies. Yes, if you are puzzled about this, you should be. It makes almost no sense. Apparently no one caught on to the connection with import/export taxes and the final prices paid for the goods and services. Essentially, import/export taxes affected the “other guy” so they were OK.

OK, said the British parliament. if that is what you want we will help and give you whatever it takes to make you happy. So, the British enacted new tariffs, import and export taxes. Then, Americans changed their mind. They saw the flaw of their reasoning… however, it was too late and the issue got worse.

Keep an eye out for W. Marc Gilfillan’s next chapter in his History of Taxes series: Taxes and the Boston Tea Party.

http://www.marccpa.com/

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