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∙ 11y ago
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Did President Jimmy Carter raise taxes?
From what i researched, there is nothing saying that he raised taxes. But he did cancel pay raises for the military! Sorry....Carter didn't cancel pay raises for the military. As a matter of fact, the military received more double digit pay raises under Carter than any administration before or after. Even the 1981 pay increase for which Reagan takes credit was actually submitted and approved by Carter.
Can a president raise or lower taxes?
No. The President has no power over taxes. He can ask Congress to raise the income tax, but they tend to do what they want to do. President Obama did ask Congress to increase the income tax on high incomes.
Did Eisenhower raise income taxes?
No. He held pat. He said taxes could not be cut until the outgo and the income balanced. He held office with a republican congress.
What term refers too charges made by governments to raise money for public purposes?
taxesCharges made by governments to raise money for public purposes are called taxes. People in the United States have to pay income taxes every year.
What is The War Revenue Act?
it increased income taxes greatly in order to raise money for WW1.
What is the most commonly used tak to raise money for a state?
A common way to raise money for a state is to increase state income taxes.
A decrease in net taxes will?
Raise aggregate expenditure by raising disposable income, thereby increasing consumption.
What taxes are higher corporate or income taxes?
income taxes
What are the two ways the federal government could respond to an increase in the economy?
raise income taxes and decrease government spending
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
Define earned income taxes and personal income taxes?
An individual taxpayer using the 1040 federal income tax return earned income worked for income and the related income taxes and the personal income taxes would be the same thing on the 1040 income tax return.
An excess of income taxes expense over income taxes payable for a period is associated with?
a credit to deferred income taxes payable
