History of conservatism in the United States remaining loyal to the King, they chose King and Empire. About one in five Loyalists (70,000 or so) Loyalists left the new United States by 1783. Most went to Canada where they are still known as United Empire Loyalists. The patriots who fought in the Revolution did so in the name of preserving traditional rights of Englishmen—especially the right of "no taxation without representation"; they increasingly opposed attempts by Parliament to tax and control the fast-growing colonies. In 1773, when the British imposed heavy sanctions on the Massachusetts colony in the wake of the Boston Tea Party, self described patriots
History of taxation in the United States Relief Reconciliation Act of 2001, into law as part of a $1.35 trillion tax cut program. The United States' corporate tax rate was at its highest, 52.8 percent, in 1968 and 1969. The top rate was hiked last in 1993 to 35 percent. Under the "Tax Cuts and Jobs Act" of 2017, the rate adjusted to 21 percent. History of taxation in the United States The history of taxation in the United States begins with the colonial protest against British taxation policy in the 1760s, leading to the American Revolution. The independent nation collected taxes on imports ("tariffs"), whiskey, and