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The history of taxation and money started here in the United States when the British, French and Spanish empires had control of the colonies. Taxes and tariffs were collected after the United States was free from European influences. Early on the government tried to collect income taxes until circumstances deemed it unconstitutional. This was rectified when the 16th Amendment was passed.

Throughout history tariffs have been a large part of the government income. Their use was discontinued after World War I and income tax was introduced. The tariffs helped encourage domestic goods production and in turn protected local business. Unfortunately it also divided the North and the South due to varying prices and agreements regarding the matter.

When taxes came into play it was not just one regulated tax. There was quite a few smaller forms of the system put into play; such as excise taxes. These apply to items like fuels, tobacco and alcohol. More often or not the funds collected from this are put towards some sort of project.

In 1916 income tax was brought back into use. The rates in this system started out at one percent for lower personal incomes and six percent for those whose income was in the six figures. Rates were raised again in 1918, 1922, 1929 and in 1932 topping out at 63 percent. It continues to increase at a steady rate to this day.

World War II brought with it payroll and quarterly tax payments. Ninety one percent was the average withholding rate in 1951. It rose slightly the next two years and then reverted back to ninety one percent for almost the next ten years. Starting in the early sixties the tax rate dipped into the seventies and by 1982 it was at fifty percent.

Varying rates have been around for centuries and are here to stay. To ease the burden of taxes, government programs and incentives were introduced. Things like child credits and the Earned Income Credit are in place to help the public. The additions to the tax law are most generally going to benefit lower incomes and are meant to help offset the amount of money paid.

Popular or not this monetary practice is here to stay. It has been through quite a few different wars and a great depression. The history of taxation and money is good information to know when trying to understand why we pay what we pay today.

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Once money instead of gods became the default currency with which people did trade it became a lot easier to negotiate certain things in commerce.It also became easier for people who wanted to impose taxes on individuals to gauge to an accurate degree how much those people could pay. That was the beginning of the history of taxation and money.

There is an English quote about how the only things in life that are certain are death and taxes. This might be true but taxation is a relatively recent addition to the picture as it only dates back a few thousand years. It was first collected by the nobility to bankroll their lavish lifestyle and fund their wars as they strove to expand their empires. As one can imagine the citizens of the time were none too please with the situation where taxes were arbitrarily imposed at raised on a whim.

But people were happy to give money of their own accord when it came to religious beliefs. Christians regularly gave ten percent of whatever they made to the church as a tithe as part of their faith. Muslims were also encouraged to give one twentieth of what they made to the mosque. This money would be used to help those in the community who were less fortunate and in need of aid.

Before there were governments and organizations that protected the rights of consumers the monarchy charged taxes as they saw fit and never considered whether or not people could afford taxes. They paid a very high price for it as the French Revolution was a revolt against these injustices which lead to the removal of the nobility and the establishment of a democratic government.

The two events that led to the tax system as we know it was the Industrial revolution and the establishment of democratic governments. These governments were able to establish taxation methods that were equitable and have very transparent process as to how the funds raised were spent. Thus they could be held accountable by the taxpayers.

Now it is not only individuals who pay taxes. In fact, in most countries the majority of taxes collected are company taxes. This a tax levied on companies that choose to do business in a country.

On top of that they must show that they are actively contributing to the upliftment of the societies in which they do business by funding and supporting community outreach programs. In this way the history of taxation and money has evolved and we are able to harness the power of taxes for the greater good. Everybody stands to benefit from this new dispensation not just an elite few.

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One can use the Bible as insight into the history of taxation and money. Contrary to what some may think, there were precious items like gold that were used as currency and not just cattle or food items. In many instances one also had to worry about taxes. Here is a brief look at what these cases were.

During the days of Abraham, one was not only rich because he had cattle. A person was rich if they had gold and silver as well. These were used to buy land and other goods from people in local areas and in other lands. There were other items that were used to purchase goods, but gold and silver are mentioned quite a few times.

One of the first places in the Bible where taxes are mentioned is in the story of Joseph. He made it law in Egypt, that one-fifths of the land’s production was to be given to the king. The priest were exempt from this law because the land they had was not Pharaoh’s.

Is there an example in the Bible of taxing people for goods and services that are imported? - A good example of this is with king Solomon. He started his journey as a good ruler, but then started acquiring more and more goods from foreign lands. For this reason, he made the people pay taxes, which was a problem for them. The same trend continues in most countries today.

King Jehoiakim of Judah, was another king who taxed his people as well. He did this under the command of the Pharaoh of Egypt at the time whose name was Necho. It was customary during these times that when a foreign nation won a battle, the losers had to pay taxes to that nation. This was the situation between these two kings.

In the New Testament, there is an incident where Jesus is asked if it is right to pay taxes to Caesar. This was during a time when Rome dominated the known world. Rome is known for the tax system it implemented during this time. Jesus told them to give to Caesar whatever belongs to Caesar, thus clearing up the confusion.

In order to understand the history of taxation and money, one can also study the Bible to see how the various writers felt about certain situations during that time. Some of the examples cited are similar on some ways to what is taking place today. So in some cases, it’s just a matter of history repeating itself.

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The history of taxation and money started long ago. Governing groups of people demanded others pay them to run some semblance of a government. Anything with value has been taxed. That includes the British taxing salt from India or tea delivered to America. The monies collected as taxes were, and still are, used to create a government-run infrastructure.

Money is anything that is considered valuable and is used to purchase other products. It evolved into coins and paper that were vouchers, or guarantees, drawn on the valued items. Commodity money is the term used to describe this type of voucher. An example is that funds in the United States is considered a voucher for gold. The gold itself is not in circulation, but the it can be used to purchase products.

The founders of the United States fought against Britain in protest of unfair taxing. Because of this, the Constitution did not allow for income taxes. Instead, products that were considered luxury items carried heavy taxes. These included liquor and tobacco products. In later years, however, laws were instituted that allowed this so that more funds could be collected to build up the country.

Infrastructures of countries, including railways, roads and schools, is paid for by using funds collected through taxes. The military forces are paid from the same funding source. There are many programs that aid low-income families which also draw money from this pool.

In the United States, there were no income taxes during the early years of the government. Since citizens fought the British because of taxes, the government wisely omitted them. In order to get the funds to run the government, items like alcohol were taxed. These were called luxury taxes.

All of the infrastructure of a country draws funds obtained through taxes. The infrastructure includes public utilities, schools and roads. Protection for citizens is also paid for in this manner, and works to protect the citizens. Funds are allocated for public programs that ensure all citizens are cared for. Food, medical and housing programs are instituted to care for low-income citizens.

The history of taxation and money is much more complicated and lengthy than this short article. Throughout history people have worked and fought to obtain it. Those in power demand that taxes be paid by individuals for income, assets and luxuries. The tax system is still at the center of much debate. Complaints lead to revisions in the codes and will likely do so for a very long time. It is doubtful that a consensus will ever be reached. But those in power will continue to levy taxes against weaker groups and the weaker groups will continue to complain about it.

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Getting out of debt is not as easy as getting into debt but people who are working to pay off their minimum balances each month will never enjoy financial freedom unless they take steps to eliminate their financial obligations. Before one can achieve financial freedom one must develop a financial freedom mindset. Focus on paying deficits off rather than letting the mind accept more deficit which only leads to more financial bondage.

It is a good idea to pay off deficits before starting an investment plan because deficits limit the amount of money that can be invested. Make paying off financial obligations the primary goal and then use money to invest once all deficits are eliminated. One of the most important steps, which many people ignore, is to first build an emergency savings fund.

Put away five hundred to a thousand dollars into an emergency savings account which will be used for appliance or car repairs instead of a credit card. Many people rely on their credit card for emergencies but using a credit card for an emergency only helps to sink one more into debt. Once there is enough money in an emergency savings fund start paying off financial obligations.

Pay off the smallest deficit first by sending in more than the minimum payment but send in minimum payments on all other deficits. Once the first deficit is paid off start in on the next lowest and once that is paid off pay off the next lowest until all credit card deficits are paid off. Paying off deficits builds confidence and momentum which is opposite of what comes from a deficit mindset which is diffidence and stagnation.

Most people, if given the choice, would rather keep their money than give it away to the bank. But this is what people do; they give their hard earned money to the bank, by taking thirty years to pay off their mortgage. Start paying off the mortgage early by sending in a payment each month to pay off the principle of the loan in addition to the regular house payment.

A home mortgage can be paid off in half the loan’s life or even sooner in some cases. Start by sending in two checks each month one for the home loan payment and another check to pay off the principle balance on the loan. Paying off the principle reduces the finance charges and also hastens the loan payoff and also builds confidence and a financial freedom mindset.

Getting out of debt need not be a huge undertaking but erasing debts will only occur by committed efforts. Begin by growing an emergency savings fund that will be utilized for appliance repair, vehicle repair, or other emergencies rather than using a credit card which is what most people do. Begin to pay the lowest credit card balances off first and go on to the next lowest and pay it off. Paying off debts is the first step toward financial freedom and true happiness.

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