paragraph_text: In the tax law of the United States the claim of right doctrine causes a taxpayer to recognize income if they receive the income even though they do not have a fixed right to the income. For the income to qualify as being received there must be a receipt of cash or property that ordinarily constitutes income rather than loans or gifts or deposits that are returnable, the taxpayer needs unlimited control on the use or disposition of the funds, and the taxpayer must hold and treat the income as its own. This law is largely created by the courts, but some aspects have been codified into the Internal Revenue Code.

paragraph_text: Since re-establishing independence, Estonia has styled itself as the gateway between East and West and aggressively pursued economic reform and integration with the West. Estonia's market reforms put it among the economic leaders in the former COMECON area.[citation needed] In 1994, based on the economic theories of Milton Friedman, Estonia became one of the first countries to adopt a flat tax, with a uniform rate of 26% regardless of personal income. In January 2005, the personal income tax rate was reduced to 24%. Another reduction to 23% followed in January 2006. The income tax rate was decreased to 21% by January 2008. The Government of Estonia finalised the design of Estonian euro coins in late 2004, and adopted the euro as the country's currency on 1 January 2011, later than planned due to continued high inflation. A Land Value Tax is levied which is used to fund local municipalities. It is a state level tax, however 100% of the revenue is used to fund Local Councils. The rate is set by the Local Council within the limits of 0.1–2.5%. It is one of the most important sources of funding for municipalities. The Land Value Tax is levied on the value of the land only with improvements and buildings not considered. Very few exemptions are considered on the land value tax and even public institutions are subject to the tax. The tax has contributed to a high rate (~90%) of owner-occupied residences within Estonia, compared to a rate of 67.4% in the United States.

paragraph_text: The US federal government imposed the first personal income tax, on August 5, 1861, to help pay for its war effort in the American Civil War - (3% of all incomes over US $800) (equivalent to $21,800 in 2017). This tax was repealed and replaced by another income tax in 1862. It was only in 1894 that the first peacetime income tax was passed through the Wilson - Gorman tariff. The rate was 2% on income over $4000 (equivalent to $113,000 in 2017), which meant fewer than 10% of households would pay any. The purpose of the income tax was to make up for revenue that would be lost by tariff reductions. The US Supreme Court ruled the income tax unconstitutional, the 10th amendment forbidding any powers not expressed in the US Constitution, and there being no power to impose any other than a direct tax by apportionment.

paragraph_text: In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short - term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long - term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate.

paragraph_text: Residents of Puerto Rico pay U.S. federal taxes: import/export taxes, federal commodity taxes, social security taxes, therefore contributing to the American Government. Most Puerto Rico residents do not pay federal income tax but do pay federal payroll taxes (Social Security and Medicare). However, federal employees, those who do business with the federal government, Puerto Rico–based corporations that intend to send funds to the U.S. and others do pay federal income taxes. Puerto Ricans may enlist in the U.S. military. Puerto Ricans have participated in all American wars since 1898; 52 Puerto Ricans had been killed in the Iraq War and War in Afghanistan by November 2012.

paragraph_text: Montana's personal income tax contains 7 brackets, with rates ranging from 1 percent to 6.9 percent. Montana has no sales tax. In Montana, household goods are exempt from property taxes. However, property taxes are assessed on livestock, farm machinery, heavy equipment, automobiles, trucks, and business equipment. The amount of property tax owed is not determined solely by the property's value. The property's value is multiplied by a tax rate, set by the Montana Legislature, to determine its taxable value. The taxable value is then multiplied by the mill levy established by various taxing jurisdictions—city and county government, school districts and others.

paragraph_text: Goods and Services Tax (GST) is an indirect tax levied in India on the sale of goods and services. Goods and services are divided into five tax slabs for collection of tax - 0%, 5%, 12%, 18% and 28%. Petroleum products and alcoholic drinks are taxed separately by the individual state governments. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products.

paragraph_text: According to the Congressional Budget Office, the United States last had a budget surplus during fiscal year 2001. From fiscal years 2001 to 2009, spending increased by 6.5% of gross domestic product (from 18.2% to 24.7%) while taxes declined by 4.7% of GDP (from 19.5% to 14.8%). Spending increases (expressed as percentage of GDP) were in the following areas: Medicare and Medicaid (1.7%), defense (1.6%), income security such as unemployment benefits and food stamps (1.4%), Social Security (0.6%) and all other categories (1.2%). Revenue reductions were individual income taxes (− 3.3%), payroll taxes (− 0.5%), corporate income taxes (− 0.5%) and other (− 0.4%).

paragraph_text: The most recent SPI report (2012 / 13) gave annual median income as £21,000 before tax and £18,700 after tax. The 2013 / 14 HBAI report gave median household income (2 adults) as £23,556. The provisional results from the April 2014 ASHE report gives median gross annual earnings of £22,044 for all employees and £27,195 for full - time employees.

paragraph_text: A government budget is an annual financial statement presenting the government's proposed revenues and spending for a financial year that is often passed by the legislature, approved by the chief executive or president and presented by the Finance Minister to the nation. The budget is also known as the Annual Financial Statement of the country. This document estimates the anticipated government revenues and government expenditures for the ensuing (current) financial year. For example, only certain types of revenue may be imposed and collected. Property tax is frequently the basis for municipal and county revenues, while sales tax and / or income tax are the basis for state revenues, and income tax and corporate tax are the basis for national revenues.

paragraph_text: The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows the Congress to levy an income tax without apportioning it among the states or basing it on the United States Census. This amendment exempted income taxes from the constitutional requirements regarding direct taxes, after income taxes on rents, dividends, and interest were ruled to be direct taxes in the court case of Pollock v. Farmers' Loan & Trust Co. (1895). The amendment was adopted on February 3, 1913.

paragraph_text: The result was a sequence of innovative but unpopular financial measures.[nb 10] John levied scutage payments eleven times in his seventeen years as king, as compared to eleven times in total during the reign of the preceding three monarchs. In many cases these were levied in the absence of any actual military campaign, which ran counter to the original idea that scutage was an alternative to actual military service. John maximised his right to demand relief payments when estates and castles were inherited, sometimes charging enormous sums, beyond barons' abilities to pay. Building on the successful sale of sheriff appointments in 1194, John initiated a new round of appointments, with the new incumbents making back their investment through increased fines and penalties, particularly in the forests. Another innovation of Richard's, increased charges levied on widows who wished to remain single, was expanded under John. John continued to sell charters for new towns, including the planned town of Liverpool, and charters were sold for markets across the kingdom and in Gascony.[nb 11] The king introduced new taxes and extended existing ones. The Jews, who held a vulnerable position in medieval England, protected only by the king, were subject to huge taxes; £44,000 was extracted from the community by the tallage of 1210; much of it was passed on to the Christian debtors of Jewish moneylenders.[nb 12] John created a new tax on income and movable goods in 1207 – effectively a version of a modern income tax – that produced £60,000; he created a new set of import and export duties payable directly to the crown. John found that these measures enabled him to raise further resources through the confiscation of the lands of barons who could not pay or refused to pay.

paragraph_text: The history of taxation in the United States begins with the colonial protest against British taxation policy in the 1760s, leading to the American Revolution. The independent nation collected taxes on imports (``tariffs ''), whiskey, and (for a while) on glass windows. States and localities collected poll taxes on voters and property taxes on land and commercial buildings. There are state and federal excise taxes. State and federal inheritance taxes began after 1900, while the states (but not the federal government) began collecting sales taxes in the 1930s. The United States imposed income taxes briefly during the Civil War and the 1890s. In 1913, the 16th Amendment was ratified, permanently legalizing an income tax.

paragraph_text: In Ireland there is an income tax, a value added tax (VAT), and various other taxes. Employees pay pay - as - you - earn (PAYE) taxes based on their income, less certain allowances. The taxation of earnings is progressive, with little or no income tax paid by low earners and a high rate applied to middle to top earners, the top marginal rate of tax (including USC and PRSI) is 52%. However a large proportion of central government tax revenue is also derived from VAT, excise duties and other taxes on consumption. The standard rate of corporation tax is among the lowest in the world at 12.5%.

paragraph_text: When the United Kingdom of Great Britain came into being on May 1, 1707, the window tax, which had been introduced across England and Wales under the Act of Making Good the Deficiency of the Clipped Money in 1696, continued. It had been designed to impose tax relative to the prosperity of the taxpayer, but without the controversy that then surrounded the idea of income tax. At that time, many people opposed income tax on principle because they believed that the disclosure of personal income represented an unacceptable governmental intrusion into private matters, and a potential threat to personal liberty. In fact the first permanent British income tax was not introduced until 1842, and the issue remained intensely controversial well into the 20th century.

paragraph_text: The Berlin Customs Wall (German: "Berliner Zoll- und Akzisemauer" literally "Berlin customs and excise wall" ) was a ring wall around the historic city of Berlin, between 1737 and 1860; the wall itself had no defence function but was used to facilitate the levying of taxes on the import and export of goods (tariffs) which was the primary income of many cities at the time.

paragraph_text: In 2018, the Social Security Wage Base was $128,400 and the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. A person with $10,000 of gross income had $620.00 withheld as Social Security tax from his check and the employer sent an additional $620.00. A person with $130,000 of gross income in 2017 incurred Social Security tax of $7,886.40 (resulting in an effective rate of approximately 6.07% - the rate was lower because the income was more than the 2017 ``wage base '', see below), with $7,886.40 paid by the employer. A person who earned a million dollars in wages paid the same $7,886.40 in Social Security tax (resulting in an effective rate of approximately 0.79%), with equivalent employer matching. In the cases of the $130 k and $1 m earners, each paid the same amount into the social security system, and both will take the same out of the social security system.

paragraph_text: California, from 1991 to 2012 and since 2017, has a base sales tax of 7.25% (composed of a 6% state tax and a 1.25% uniform local tax) -- the highest statewide sales tax rate in the nation. The tax can total up to 10.25% with local sales tax included, depending on the city in which the purchase is made. Sales and use taxes in the state of California are collected by the publicly elected Board of Equalization, whereas income and franchise taxes are collected by the Franchise Tax Board. Many cities have a combined total sales tax of at least 8.75%.

paragraph_text: After Richard's death on 6 April 1199 there were two potential claimants to the Angevin throne: John, whose claim rested on being the sole surviving son of Henry II, and young Arthur I of Brittany, who held a claim as the son of John's elder brother Geoffrey. Richard appears to have started to recognise John as his heir presumptive in the final years before his death, but the matter was not clear-cut and medieval law gave little guidance as to how the competing claims should be decided. With Norman law favouring John as the only surviving son of Henry II and Angevin law favouring Arthur as the only son of Henry's elder son, the matter rapidly became an open conflict. John was supported by the bulk of the English and Norman nobility and was crowned at Westminster, backed by his mother, Eleanor. Arthur was supported by the majority of the Breton, Maine and Anjou nobles and received the support of Philip II, who remained committed to breaking up the Angevin territories on the continent. With Arthur's army pressing up the Loire valley towards Angers and Philip's forces moving down the valley towards Tours, John's continental empire was in danger of being cut in two.

paragraph_text: Income tax is charged in respect of all property, profits, or gains. Since 2002, Ireland has operated a tax year coinciding with the calendar year (1 January to 31 December). The change coincided with the introduction of the euro in Ireland. For administrative purposes, taxable income is expressed under four schedules:

Question: When did the sole surviving son create a new tax on income and movable goods?
Answer: 1207