Editing Thomas Wolsey (section)

===Taxation===
Wolsey made changes to the taxation system, devising, with treasurer of the Chamber John Heron, the "Subsidy". This form of tax was based upon accurate valuations of the taxpayer's wealth, where one shilling was taken per pound from the income. The old fixed tax of 15ths and 10ths meant that those who earned very little had to pay almost as much as the wealthy. With the new income tax the poorer members of society paid much less. This more progressive form of taxation enabled Wolsey to raise enough money for the king's foreign expeditions, bringing in over £300,000. He also raised considerable capital through other means, such as "[[benevolence (tax)|benevolences]]", and enforced loans from the nobility, which yielded £200,000 in 1522.{{sfn|Fellows|Dicken|2015|p=63}} Ultimately, Wolsey's fiscal policy became increasingly disliked- his forced loans and benevolences culminated in the [[Amicable Grant]] (1525). This was met with hostility as the Amicable Grant provoked 'full-scale revolt in Suffolk... the most serious rebellion since 1497'{{sfn|Guy|1988|pp=102–103}} ([[Cornish rebellion of 1497|Cornish rebellion]]).