Hearth tax a baker who, to avoid chimney tax, had knocked through the wall from her oven to her neighbour's chimney. After the Glorious Revolution, the hearth tax was repealed by the newly empowered English Parliament and agreed to by the newly installed William III and Mary II in 1689, as "not only a great oppression to the poorer sort, but a badge of slavery upon the whole people, exposing every man’s house to be entered into, and searched at pleasure, by persons unknown to him." At the end of the Glorious Revolution in 1688, William III and Mary II also agreed
Hypothecated tax Hypothecated tax The hypothecation of a tax (also known as the ring-fencing or earmarking of a tax) is the dedication of the revenue from a specific tax for a particular expenditure purpose. This approach differs from the classical method according to which all government spending is done from a consolidated fund. Hypothecated taxes have a long history. One of the first examples of earmarking was ship money, the tax paid by English seaports used to finance the Royal Navy. Later, in the 20th century, the hypothecated tax began to be discussed by politicians in the United Kingdom. For example, the