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In a word, yes. For example, examine California, under Democrat control since the 70's (Arnold is no Conservative folks) and you will see that as taxes go up, revenues fall, people and businesses move away, thus creating more shortfalls. Taxes go up to cover the shortfall and the vicious cycle continues. In fact, in every state where liberals control and raise taxes, revenues have fallen considerably.
Chinese Emperor Jing took over with an empty treasury and almost a 100% tax rate. He immediately cut that rate to 3%, farmers began farming, his treasury filled up, and life was good.
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What does GOE mean?
Goe mean in language of Karen from Thailand it mean snack .
Can the down payment on a house come out of the home loan if you only have a small amount to put down yourself?
Yes, let's say you have a down payment of 8%. You would take out a mortgage for 80% of the value of the home. You would then take out either a second mortgage or home equity loan for 12% of the value of the home. You avoid paying PMI, but your second loan is usually a 15 year loan with a flexible interest rate of prime + 1.5 so your monthly payment will vary depending on where prime is. There are other ways, such as an FHA loan as well. Another possibility depending on the relationship between buyer and seller. You can do a "sellers held back 2nd mortgage". A sellers 2nd is basically just like any other 2nd mortgage but it is held by the person selling the property, it's a lien like any other mortgage against the home. The buyer and seller set up a payment plan for a 3 of years and interest rate and it is included in the sales contract. This benefits people with poor credit who can't obtain enough financing, say you need 90% but you only qualify for 80%. Then you can get that extra 10% through a sellers 2nd. The seller ofcourse must agree to it and the bank must also ofcourse allow sellers seconds. The other option is a "Gift Of Equity". A GOE can be done between family members, it's like a sellers second except you don't pay back the GOE. The example is basically, you need 90% you qualify for 70%. The seller gives you 20% of the equity of the home as a gift, so on a 100,000 dollar home it works like this. They are not lowering the sales price, the price stays at 100,000 but they give you 20,000 as a gift of equity. So while you only qualified for 70,000 from the bank that gift of equity has now given you the ability to purchase the home without laying out anything about your 10%. The catch is that this can only be done between blood relatives.
If you pay off all of your credit accounts and close most charge cards but leave the major cards open will it hurt your credit score?
No it won't. Your credit is only hurt if you dont make payments on time and if you keep applying for things that requires credit inquiries on regular basis. If you close all your cards and just leave the major ones open it won't have any effect on your credit score. The longer you go without applying for anything the higher your credit score goe Credit cards are just like a loan-you have to pay what you owe. Keep track of how much you spend. Remember that incidental and impulse purchases add up fast. Save your receipts. Compare them with your monthly bill. Promptly report problems to the company that issued the card. Never lend your card to anyone. Owing more than you can repay can damage your credit rating. That can make it hard to finance a car, rent an apartment, get insurance-even get a job. Pay your bill on time, and in full when possible. If you don't, you'll have to pay finance charges on the unpaid balance-and it takes forever to get caught up if you just pay the minimum. http://www.credit-cards-rates.co.cc
What does GOE mean?
Goe mean in language of Karen from Thailand it mean snack .
When was Field Flowers Goe born?
Field Flowers Goe was born in 1832.
When did Field Flowers Goe die?
Field Flowers Goe died in 1910.
What are the names of the four constellations that can be seen in the summer?
gemini leo stratus goe goe
What is the name of the pipe that food goe down after you swallow it?
The name of the tube that food goes down when you swallow is called your esophagus.
What special food do hindus eat at festivals?
some like to eat goe-goe aka a special kind of sweet, it tastes sweet and chewy, Indians like to eat this on special occasions. There are many variations of goe-goe, some savory, others fruity.
How do you say growl in Japanese?
Unari-goe
What are the importance of the preservation?
it wul goe moldy
What does GOE stand for?
Guide of occupational education
How many cups goe into a gallon?
16
What are the importance of food preservations?
it wul goe moldy
Who is goe Berg?
The president of the united states. Manny.
