Answer:
Sales tax is an amount of money, calculated as a percentage, that is added to the cost of a product or service when purchased by a consumer at a retail location. Consumers then pay the combined state and local tax rate every time they make a purchase.
Explanation:
Answer: The following...
Explanation: Standard Oil in violation of the Sherman Antitrust Act. The Court found that Standard was an illegal monopoly and ordered it broken into 34 separate companies. Bloodied, Rockefeller and Standard were hardly defeated.
<h2>Given below is a short elaboration of concurrent powers, its functioning, and its distribution:
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- Conducting and regulating elections and allied activities, the imposition of taxes, and borrowing money can be identified as three concurrent powers of government.
- These powers have been set up in the given manner in order to avoid traits like imbalance of power, partial distribution of resources, excessive dominance of the central government on the state governments, etc.
- The federal government should not be in full control of concurrent powers as it would result in emergence of conflicts between the states and the federal government.
