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MArishka [77]
2 years ago
7

Which recent president raised taxes when the income tax share of gdp was very low?

Business
1 answer:
alexira [117]2 years ago
7 0

George H.W. Bush firmly said, "Read my lips: no new taxes."

He would continue to be troubled by the words. The top tax rate was increased from 28% under Ronald Reagan to 31% by the Omnibus Budget Reconciliation Act of 1990.

What is Tax??

In order to ensure that taxpayers are paying the proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, tax compliance refers to both policy actions and individual behaviour. A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (A person or legal entity) is used by a government organisation to pay for government expenses and other public expenditures (regional, local, or national). Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt. Non-compliance with the law includes failing to pay on time as well as evading or resisting taxation. Taxes can be paid in cash or in the labour equivalent and can be either direct or indirect.

To learn more about Tax

brainly.com/question/26316390

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Which entities constitute the primary and secondary stakeholders of a business, respectively? __________ are some of the primary
horsena [70]
The correct answers are as follows:
1. The primary stakeholders of a business are defined as those individuals who engage internally in economic transactions with the company. Primary stakeholders have direct interests in the company and they are affected by the policies, objectives and the actions of the company.
Secondary stakeholders are those individuals who do not have direct interest in the company.
2. SHAREHOLDERS AND CUSTOMERS are some of the primary stakeholders of a business. Other examples of primary stakeholders are: suppliers, creditors, employees, investors, etc.
The primary stakeholders of a company depend on the financial well being of the company for their own benefits and the company also depends on their efforts in order to succeed.
3. THE GENERAL PUBLIC AND THE COMMUNITY IN WHICH A COMPANY IS LOCATED are some of the secondary stakeholders of a business. Other examples of secondary stakeholders are: the media, business support groups and activist groups.
It is very important for a company to identify and work with its secondary stakeholders. Companies who recognize and cooperate with their secondary stakeholders usually achieve good reputation and goodwill and always get supports for their expansionary efforts.
3 0
4 years ago
Read 2 more answers
An airplane has 175 seats. Because some ticketed passengers do not show up, the airline sells 180 seats. The probability that a
Tanya [424]

Answer:

The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364

Explanation:

X = number of passengers show up

X follow binomial distribution with n = 180 ,

p = 1 - 0.05

  = 0.95

P(X = 178) = binom.dist(178,180,0.95,0)

                = 0.004364

Therefore, The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364

5 0
4 years ago
A made an offer to C to sell his car to him for $5,000 anytime before the end of June, but it wasn't in writing. Is the offer va
lisabon 2012 [21]
No because it’s not in writing
5 0
3 years ago
Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 30.303 shares of the fir
gayaneshka [121]

Answer:

The dollar value that the stock must reach before investors would consider converting to common stock is $33.

Explanation:

stock price for conversion = $1000/30.303

                                            = $33

Therefore, The dollar value that the stock must reach before investors would consider converting to common stock is $33.

4 0
4 years ago
You were asked to investigate extremely high, unexplained merchandise shortages at a department store chain. Classify each of th
Nutka1998 [239]

Answer:

(a) INDICATOR OF FRAUD

Explanation:

The reason is that the supervisor has an outside business setup related to the department's setup which gives rise to a conflict of interest.

8 0
3 years ago
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