Kepner Income Tax come up with the fact that it gives the government a prior lien on all the property produced by its subjects." The government "unashamedly proclaims the doctrine of collectivized wealth. ... That which it does not take is a concession." Kepner Income Tax The Kepner Income Tax is an approach to taxation, suggested in the United States, that would collect on a progressive income tax (with no deductions, credits or exemptions) and an estate tax. It would repeal the corporate tax and payroll taxes (including Federal Insurance Contributions Act tax (FICA)). All income, from whatever source, would be taxed the
Income tax in Australia on annual turnover. Generally, capital gains are only subject to tax at the time the gain is realised and are reduced by 50% if the capital asset sold was held for more than 1 year. In Australia the financial year runs from 1 July to 30 June of the following year. The first income tax in Australia was imposed in 1902 by Queensland. Federal income tax was first introduced in 1915, as a wartime measure to help fund Australia’s war effort in the First World War. Between 1915 and 1942, income taxes were levied by both State governments and the