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Comparison of U.S. and Canadian Income Tax Laws Essay

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Comparison of U.S. and Canadian Income Tax Laws

In 1607, British colonials made the decision to leave their home and its oppressive regulation of religion and rules of taxation to colonize North America.   More than 100 British families with the permission of King James I sailed across the Atlantic in search of a new life that they would be allowed to make decisions for themselves and their families.   Soon, they found that they could only advert taxes for a short period of time.   Like with all businesses, it takes financial backing to run and without it they were sure to fail.   In 1629, a Puritan group secures a charter to trade with England.   This charter would help England to rebound out of their current recession while providing necessities to their family.   Did at any time the Colonial Americans think that they would have to resort to taxes to continue functioning?  
As with all companies, the founders create a business plan to build the company; the type of product that they will produce and how they are going to raise funds to create the needed support systems.   As each of the colonial states are formed and granted statehood, a political union is established and one of those members was Benjamin Franklin.   Franklin argued that the British colonies must unite if they are to survive against the French (Bamber 2001).   Creation of such a union would give them the right to levy taxes on the colonist, thus giving to the creation of a tax representative country.   As the country began to grow, there were mixed feelings about how things should be run or who should run them.   This lead to civil unrest and fighting among the colonist.   The Civil War was taxing on the country and Congress passed the Revenue Act of 1861 which included a tax on personal income to help pay war expenses (Terrell 2009).   The flat rate income tax was later found to be unconstitutional and the act was ratified some years later.   There is much discussion on the changes needed to the...

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"Comparison of U.S. and Canadian Income Tax Laws". Anti Essays. 18 Feb. 2019

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Comparison of U.S. and Canadian Income Tax Laws. Anti Essays. Retrieved February 18, 2019, from the World Wide Web: https://www.antiessays.com/free-essays/Comparison-Of-U-s-And-Canadian-Income-576134.html