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 Founding of Maryland After Columbus made his voyage in 1492, further exploration of this New World began. John Cabot, in 1498 sailed down the east coast to Maryland, and in 1524, Giovanni da Verrazano landed on the coast of the Delmarva Peninsula. During this time, explorers who sailed to the New World, upon finding land would claim this land for their king.