Tax policy and economic inequality in the United States tax year 1963) to 77% (for tax year 1964) and 70% (for tax year 1965) for annual incomes of $1.4 million+. It was the first tax legislation to reduce the top end of the marginal income tax rate distribution since 1924. The top marginal income tax rate had been 91% since 1946 and had not been below 70% since 1936. The "Bush Tax Cuts," which are the popularly known names of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 passed during President George W. Bush's first term,
Poll tax (Great Britain) earlier policy of charging a higher poll tax. Council Tax strongly resembled the "rates" system the poll tax had replaced. The main differences were at the tax's inception: that properties were placed in bands, thereby capping the maximum amount, and it was levied on capital value, rather than the notional rental value of a property. Households with only one occupant were also entitled to a 25% discount. The only substantial change since the introduction of the Council Tax form of direct taxation is the gradual introduction of certain exemptions and discounts. Poll tax (Great Britain) The Community Charge, commonly known