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THE TOP 10 STUPID TAXES – III
(cont.)
7. 1689: Tax incentives for gin production
Anyone familiar with Hogarth’s engraving, Gin Lane, will understand the implications of this tax blunder. William and Mary, the protestant monarchs who ruled between 1689 and 1702, discouraged the importation of brandy from the Catholic French and instead promoted the local production of gin by abolishing taxes and licensing [...]
THE TOP 10 STUPID TAXES-II
(…cont.)
4. 1995: Illegal drug tax (USA)
On January 1 2005, Tennessee joined 23 other states in imposing a tax for possession of illegal drugs. People who bought drugs had 48 hours to approach the Department of Revenue and pay tax. It was levied per gram – $3.50 for marijuana, $50 for cocaine, and $200 for [...]
THE TOP 10 STUPID TAXES – I
Here are the top 10 stupid taxes… ever in the world.
1. Early 1000s: Heregeld
Lady Godiva’s legendary ride naked through Coventry was perhaps one of the most effective anti-tax demonstrations in history. Her tyrannical husband, Earl Leofric, had imposed an oppressive tax called the Heregeld to pay for the King’s bodyguard.
After pleading with him to [...]