The debate over taxing the rich has ratcheted up, with Democrats this week ... his own party to keep the top tax rate over 90 percent, saying it was needed to ... In an October 6 blog post, Tax Foundation president Scott Hodge.
The tax of an item is the money that goes to the poor. Depending on where you live, if your government or president is rich, then the tax amount is bigger. If the government is poor, than there is a low amount of tax on an item.
The first major bill he approved of was the "2001 Bush Tax Cuts [HR 1836]." This is the the famous tax cuts for the rich policy that is being debated now.
90 + (90 times the tax rate, where the percentage is expressed as a decimal). The tax rate varies considerably depending on locale and sometimes on the product. Example: Cost 90 (dollars, euros) - Tax rate 5% Cost plus 5% tax = 90 + 90 (0.05) = 90 + 4.50 (the tax) = 94.50
The 8% tax on $90 is $7.20. Therefore, $90 plus 8% tax is $97.20.
Rich people dont like to tell about the income cox of tax government chagrin. president is trying to be richest man in sri lanka now coz he get what he wont.
Marc Rich is known in the commodities sector for his illegal activity with oil deals and tax evasion. He was an international businessman and received pardon from the president during the time.
The simple answer if that if you ignore the long term costs of running a deficit, tax cuts are politically very attractive. The rank-and-file voter loves the sound of a tax cut. You must understand that the President can not raise or lower taxes. Only Congress can do that. The president can ask Congress to pass tax cuts but Congress can do as it pleases. What the current President likes to do is ask for tax cuts for most people, but tax hikes for the rich in order to keep the revenue the same. This is not likely to happen since rich people either are in Congress or else finance the campaigns that keep Congressmen in office. If Congress passes a tax cut for everybody (or renews an old tax cut that was set to expire), the President fears to veto it, because if he does , people will say he raised taxes and blame him and his party.
rich were unhappy with president Allende
Rich enough to not have to tax dodge
PRESIDENT TAKES A STAND AGAINST TAX EVASION
The tax rate is 6%
$90.00 + 10% tax= $99.00