The IRS lets you deduct certain expenses from your gross wages, which reduces the taxable portion of your income. Lowering the amount you pay in federal and state taxes leads to more money in your pocket. Allowable pre-tax deductions are taken off the top of your earnings before taxes are assessed.
King Charles I had approved a request from George Calvert to establish a colony called the Province of Maryland (âTerra Mariaeâ) in 1632. But the Calvert family did not receive the Charter of Maryland until after George Calvert died. Now it was up to Cecil Calvert to establish and govern the new colony. Cecil was well educated, but he had did not have his fatherâs years of experience at governing colonies.
The colony was founded by the owners of the Massachusetts Bay Company, which included investors in the failed Dorchester Company, which had in 1623 established a short-lived settlement on Cape Ann.he Massachusetts Bay Colony became the first English chartered colony whose board of governors did not reside in England. This independence helped the settlers to maintain their Puritan religious practices with very little oversight by the king, Archbishop Laud, and the Anglican Church.