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MArishka [77]
1 year ago
7

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

Business
1 answer:
alexira [117]1 year 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.

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When the lender provides the borrower with an amount of funds that must be repaid to the lender at the maturity date, along with
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Answer:

This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.

Explanation:

This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.

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Justify the establishment of a state owned compony
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The establishment of a state -owned Company is really important for every nations, especially if it involved in the resources that is critically needed for the people.
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As the price of jeans rises, Levi Strauss is likely to A. decrease production and thus decrease the supply. B. increase producti
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B. Increase production and thus increase the supply.

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