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British Prime Minister William Pitt the Younger introduces an income tax of two shillings to the pound to raise funds for Great Britain's war effort in the Napoleonic Wars.
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Prime Minister of the United Kingdom
Head of government of the United Kingdom
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William Pitt the Younger
British statesman (1759–1806)
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Income tax
Tax based on taxable income
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Shilling
Name for a coin or unit of currency
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being…Source: Wikipedia (CC BY-SA)
Pound sterling
Currency of the United Kingdom
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Napoleonic Wars
1803–1815 series of wars led by Napoleon
The Napoleonic Wars (1803–1815) were a global series of conflicts fought by a fluctuating array of European coalitions against the French First Republic (1803–1804) under the First Consul followed by the First French Empire (1804–1815) under the Emperor of the French, Napoleon…Source: Wikipedia (CC BY-SA)
January 9
Day of the year
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