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3 years ago

Should the United States increase their top tax rate by taxing individuals 90% on all income they earn ABOVE $500,000

Business

1 answer:

snow_lady [41]3 years ago

3 0

Answer:

Individuals who earn ~$500,000 and above 40% of all income taxes, and pay 59.1% of all taxes shared. In a common sense, the amount paid should be proportional to not only the amount they earn, but also the amount of people within that tax bracket. In essence, the United States should not increase the top tax rate to 90%, as it is an extremely unfair tax to individuals, just because they are "richer". Also, a hike in taxes to the rich would negatively affect everybody else as well. Many rich people own successful businesses that employ hundreds, if not thousands of middle class and lower class workers. An increase in taxes can lead to lower pays, stagnant job growth or even shrinking, as well as higher costs of products and services to help make up for the amount loss to taxes. The United States government do not need the extra funds if they themselves push for agendas that are not beneficial to the ordinary American, and therefore, they do not have the justification to raise the tax rate.

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During the introduction stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for an e

TEA [102]

<span>During the introduction stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for an entire product class rather than for a specific brand. The consumer desire that is stimulated is referred to as primary demand.
</span>Primary demand is the desire for a product class rather than for a specific brand.During the growth stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for a specific brand due to increased competition. The consumer desire that is stimulated is referred to as selective demand.<span>Selective demand is the preference for a specific brand.</span>

6 0

3 years ago

As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets o

fgiga [73]

Answer:

See below

Explanation:

a. Earnings per share

= After tax earnings / Number of common shares outstanding

= $3,000,000 / 761,000

= $3.9 per share

b. Assuming that a share of Bozo Oil's company has a market value of $40, then, the firm's price earning ratio would be:

= Common stock market value / Earnings per share

= $40 / $3.9

= 10.26

c. The book value of a share of Bozo Oil's common stock

Book value = (Assets - Liabilities) / Number of shares outstanding

= ($15,000,000 - $9,000,000) / 761,000

= $6,000,000 / 751,000

= $7.88

7 0

3 years ago

You invested 50% of the wealth in stock A and the remaining 50% in stock B. The expected rates of returns on A and B are given b

tresset_1 [31]

Answer:

B. 1.291%

Explanation:

The computation of the standard deviation is shown below;

= 2000 + 2001 + 2002 + 2003

= 0.5 × 14% + 0.5 × 16% + 0.5 × 15% + 0.5 × 17% + 0.5 × 16% + 0.5 × 18% + 0.5 × 17% + 0.5 × 19%

= 15% + 16% + 17% + 18%

= stdev( 15% + 16% + 17% + 18%)

= 1.291%

Hence, the correct option is b.

7 0

3 years ago

For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and end

nevsk [136]

Answer:

finished cost = $200,000

inventory cost=$250,000

manufactured cost= $600,000

cost of good= beginning inventory+purchase during period cost- ending inventory

$600,000+$200,000-$250,000

$550,000

7 0

3 years ago

Human capital refers to:

Digiron [165]

Answer:

C. the skills and knowledge that enable a worker to be productive.

Explanation:

'Human Capital' is the stock of knowledge & skills embodied in people, enabling them to perform labour of economic value. It is considered as 'capital' because skills & knowledge development to become more productive yields better income & standard of living.

Human Capital formation i.e knowledge, skills & productivity enhancement has two crucial components : Education and Health.

Options A, B, D are inapt because : Human Capital is not 'physical capital', 'financial wealth', 'machinery' ; but is rather immaterial knowledge & skill set in people.

4 0

3 years ago