Samuel Slater - the father of Industrial Revolution in USA is also known as known as father of American Factory System as one of his contribution to the development of American business was the use of factory system. It helped to usher in Industrial Revolution. In this system, work was performed on a large scale in a centralized location. It also created division of labor and specialization which ultimately increased the quantity as well as quality of the product.
During his 40-years reign, Augustus nearly doubled the size of the empire, adding territories in Europe and Asia Minor and securing alliances that gave him effective rule from Britain to India.
Rebuilding of strong economies.
People wanting to buy stuff.
People wanted to forget the war, and move on in their lives.
Most individual U.S. states collect a state income tax in addition to federal income tax. The two are separate entities. Some local governments also impose an income tax, often based on state income tax calculations. Forty-three states and many localities in the United States may impose an income tax on individuals. Forty-seven states and many localities impose a tax on the income of corporations.[1]
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. The rates vary by state. Taxable income conforms closely to federal taxable income in most states, with limited modifications.[2] The states are prohibited from taxing income from federal bonds or other obligations. Most do not tax Social Security benefits or interest income from obligations of that state. Several states require different useful lives and methods be used by businesses in computing the deduction for depreciation. Many states allow a standard deduction or some form of itemized deductions. States allow a variety of tax credits in computing tax.
Each state administers its own tax system. Many states also administer the tax return and collection process for localities within the state that impose income tax.
State income tax is allowed as a deduction in computing federal income tax, subject to limitations for individuals.
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