Changes In Taxtaion And People's Budget Flashcards
1
Q
To pay for social reforms around the cost of 16M what had to be introduced?
A
New taxes
2
Q
What was the budget of 1909 that DLG introduced meant to do?
A
Tax the rich and to help the needy/vulnerable
3
Q
What were the rules of the Budget in 1909?
A
- those with incomes under 3k paid 9d for every pound they earned
- super tax for people earning more than 5k
- tax on cars
- inheritance tax estates worth over 5k
- tax on profits that were gained through selling land
4
Q
Who did the rich have a greater proportion of income tax than?
A
The poor
5
Q
Why did the budget of 1909 become known as the people’s budget?
A
Because the rich were taxed more than the poor by a lot
6
Q
The people’s budget was passed by who and rejected by who?
A
Passed by HoC
Rejected by HoL
7
Q
What did the conservatives claim the budget was?
A
Act of class of war vs the rich
