Category: Boston Tax Increases
The Boston Tea Party Just may Be Triggered Again
The phrase ‘Tea Party” has gotten a lot of press over the last few years. So much so in fact that it makes my online advertising for the Tea Store a little challenging; the word tea is used in so many other contexts now, that in and of itself it is not as relevant to a Tea store as a political party. That notwithstanding, this week I thought I would take a few minutes to give you a brief version of the original Tea Party, and how it came to help create this country.
In 1763, the British had just achieved victory in the French and Indian War, a war incidentally fought in the New World. That victory however had come with a price and King George III and the British Government needed a way to recoup some of the costs of that victory. Additionally, they also were looking for ways to ‘rein in’ the local colonial governments who had become more and more independent as the war went on.
To accomplish these dual goals, Britain enacted a series of actions. The Stamp Act, in 1765 created a tax on all printed materials in the colonies by requiring the use of stamped paper produced in London. Not a big hit with the colonists and it was repealed in 1766.
The Declaratory Act followed in 1767 with Parliament basically asserting that it could pass any law it saw fit with regards to the Colonies. This also did not sit well with the colonists such as Sam Adams and Patrick Henry.
Also in 1767, the Townshend Acts were passed, allowing the taxation of the colonies by Britain, among other laws. Resistance to this Act prompted the British Army to station troops in Boston in 1768 to enforce the Act. Ultimately this led to the Boston Massacre, where 5 colonists were killed in riots with soldiers who discharged their weapons. During their trial, the soldiers were represented by patriot and future president John Adams, who represented them to insure a fair trial. Ironically most of the Townshend Act was repealed shortly after the Boston Massacre.
One thing that remained in force from the Townshend Act was the duty on Tea. This was kept so that Britain could assert its ‘right to tax the Americans.” In 1773, this was reinforced by the Tea Act, which granted the British East India Company the right to sell Tea directly to the colonies at a reduced rate, ostensibly to reduce smuggling, but to also assert the right to taxation. Ironically the passage of the Tea Act would have lowered the tax on Tea, making it cheaper, but the underlying issue, taxation without representation, still rankled the colonists.
In late November, 1773, the Dartmouth, arrived in Boston Harbor with its load of Tea. A meeting was called and thousands of people showed up and passed a resolution urging the Captain to leave port without collecting the duty. They also assigned twenty five men to watch the ship and prevent the cargo from being unloaded. Thomas Hutchinson, the British Royal Governor of Massachusetts, and a British loyalist, refused to allow the ship to leave with payment of the duty.
On December 16, two more ships, the Eleanor and the Beaver anchored in Boston Harbor with their loads of Tea. This day was also the deadline for the Dartmouthto unload its cargo and pay the duty or get its cargo confiscated by British Customs. It is interesting to note here that the three ships involved were in fact American ships; only the Tea was British.
A crowd of thousands again gathered at the Old South Meeting House in Boston to protest the duty and determine a course of action. Upon getting word that Governor Hutchinson had again refused to let the ships leave, Sam Adams announced “This meeting can do nothing further to save the country.” At this point, people poured out of the meeting and headed to Boston Harbor. That evening a group of 60 or so men, some vaguely disguised as Indians boarded the ships and over the next 3 hours dumped all 342 chests of Tea into Boston Harbor. History indicates that is was not a raucous group of hoodlums who destroyed the Tea, but patriotic men who had been pushed to the limits of their patience; The crowd was not an unruly mob intent solely on destruction, but a group of reserved and restrained citizens of America witness to a sober and solemn event. “All things,” wrote John Adams to James Warren, “were conducted with great order, decency, and perfect submission to government.”
The aftermath of course was increased attempts at control by the British; more acts of independence from the colonists and ultimately the Revolutionary War. The name “Boston Tea Party” did not appear in print until 1834 according to historians, being referred to as ‘the destruction of the tea’ in most cases. Since that time, the Boston Tea Party has become a symbol of a citizen’s right to stand up to the government; a call for the voice of the people to be heard and heeded, or the citizens will create a government that will.
More Boston Tax Increases Articles
Question by Andrea: When are we going to have the next Boston tea party?
The Boston tea party started over 1/2% tax increase on tea. We are mortgaging our children’s future and no one is doing anything about it. What happened to the whole taxation without representation thing. Who else feels they aren’t being represented. Is Obama giving ‘red’ states less than they’re fair share of the stimulus package.
http://www.dallasnews.com/sharedcontent/dws/news/nation/stories/012809dnnattxstimulus.357514a.html
If Texas leaves the union then see where the rest of the country will be without us.
http://pumapac.org/2009/01/29/puma-pac-tea-party/
I guess this e-mail I got answered my question
Best answer:
Answer by Nooner
Where do we sign up?
Know better? Leave your own answer in the comments!
[random:25][/random
Boston Tax Firm Caturano and Company Publishes Tax Implications Of The Proposed 2010 Federal Budget For Individuals And Businesses
Boston Tax Firm Caturano and Company publishes the implcations of the proposed 2010 Federal Budget for businesses and individuals.
President Obama recently proposed a .5 trillion federal budget for fi scal year (FY) 2010, which
includes some signifi cant tax cuts and increases, although most of them won’t offi cially begin until 2011. Many of the tax proposals build on the recently enacted American Recovery and Reinvestment Act of 2009 (2009 Recovery Act). Others stem from the president’s campaign for the White House.
While FY 2010 offi cially runs from October 1, 2009, through September 30, 2010, a president’s
budget traditionally not only covers the immediate year but makes long-term proposals. President Obama’s fi rst budget is no different in terms of that timeline, but is historic in the number of changes and the extent to which his recommendations may change our tax laws.
Keep in mind that all of President Obama’s FY 2010 budget recommendations are just that
- proposals. Congress must enact them into law. The budget process is a very long one and the
president’s proposals will be fi ne-tuned by Congress. The president’s budget does, however,
provide a blueprint of where the White House and Congress may be headed with tax policy.
Individuals
Congress enacted the Making Work Pay credit as part of the 2009 Recovery Act. The credit,
which can reach as high as 0 for individuals and 0 for married couples fi ling jointly, is
temporary. It will expire after 2010. President Obama has proposed to make the credit permanent. The Making Work Pay credit would permanently offset payroll taxes on the fi rst ,450 of wages, with an adjusted gross income phase-out starting at ,000 for individuals and 0,000 for married couples fi ling jointly. They phase out completely above the ,000 and 0,000 levels, respectively.
Higher income individuals would see their marginal income tax rates increase under President
Obama’s plan. The president generally defi nes “higher-income” as individuals with incomes above 0,000 and families with incomes above 0,000. The hikes on higher income individuals do not result from new taxes but rather from the revival of old taxes.
In 2001, Congress passed the Economic Growth and Tax Relief Reconciliation Act (EGTRRA).
That law reduced the individual marginal income tax rates, created the 10 percent rate and provided marriage penalty relief. For 2009, the marginal income tax rates are 10, 15, 25, 28, 33, and 35 percent. However, EGTRRA is temporary and the lower rates are set to expire after 2010.
About Caturano and Company:
Caturano and Company is New England’s largest regional full service CPA, business advisory and consulting firm, serving emerging and mid-market companies for 30 years. Clients with complex requirements in a wide array of industries turn to us for our expertise, innovative thinking and client-first service approach. We offer a comprehensive array of services–including Boston Technology Consulting and personal Boston Wealth Management–that are tailored to unique industry requirements. In addition, our public company audit practice serves more than 30 companies with an aggregate market capitalization of over .6B.
Question by Philip H: Was the Boston Tea Party about a 3 pence increase in the tax on tea or about the lack of representation?
in London?
How do you feel about your Representation in Washington DC?
My personal opinion: Most “Representatives” are bought and paid for by special interests and our “Elected Representatives” represent THEM.
The citizens have very little real representation and are often insulted if they disaagree with the establishment.
We need a new Congress.
Best answer:
Answer by maxmom
“no taxation without representation”
Give your answer to this question below!
[random:25]Boston Scientific gets 0,000 tax credit
The medical devices manufacturer in Massachusetts didn’t initially meet the requirements to receive the tax credits. But Boston Scientific negotiated a new deal thanks to its expansion plans in the state. Tax increases will drop 32 percent each year through 2018.
Read more on MedCity News
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