Assertion: progressive income tax | /r/CapableOf | begin at a levy of 2 old pence
Facets:
value: on incomes over £60
type: OTHER
value: in the pound
type: OTHER
Source sentences:
text: Pitt's new graduated (progressive) income tax began at a levy of 2 old pence in the pound (1/120) on incomes over £60 (equivalent to £6,400 in 2019), and increased up to a maximum of 2 shillings in the pound (10%) on incomes of over £200.
text: Pitt's new graduated (progressive) income tax began at a levy of 2 old pence in the pound (1/120) on annual incomes over £60 (equivalent to £6,363 as of 2019), and increased up to a maximum of 2 shillings (10 percent) on annual incomes of over £200.