answersLogoWhite

0


Best Answer

ion kno

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the positive and negative aspects of the Fair Tax?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Math & Arithmetic

What is the percentage of the retail price imposed as a tax?

One of the criteria that makes a tax fair


What are some real life situations to explain why a negative times a positive number will give a negative number?

A "-" sign being multiplied by a "+" sign means:You lose something that was good.An example of that would be someone stealing your car and taking it far, far, away... ANother example pos- you win a car neg- you have to pay tax on the expensive car equals neg-you go bankrupt because the tax was so high


What century were negative integers finally accepted?

it was around the time of christ.Although the first set of rules for dealing with negative numbers was stated in the 7th century by the Indian mathematician Brahmagupta, it is surprising that in 1758 the British mathematician Francis Maseres was claiming that negative numbers "... darken the very whole doctrines of the equations and make dark of the things which are in their nature excessively obvious and simple" .Maseres and his contemporary, William Friend took the view that negative numbers did not exist. However, other mathematicians around the same time had decided that negative numbers could be used as long as they had been eliminated during the calculations where they appeared.It was not until the 19th century when British mathematicians like De Morgan, Peacock, and others, began to investigate the 'laws of arithmetic' in terms of logical definitions that the problem of negative numbers was finally sorted out.However, there were references to negative numbers far earlier...In 200 BCE the Chinese number rod system (see note1 below) represented positive numbers in Red and Negative numbers in black. An article describing this system can be found here . These were used for commercial and tax calculations where the black cancelled out the red. The amount sold was positive (because of receiving money) and the amount spent in purchasing something was negative (because of paying out); so a money balance was positive, and a deficit negative.Negative intergers were accepted around the time of Christ.


How do you add tax to every dollar?

$1.00+tax= $1.07 $2.00+tax=$2.14 $3.00+tax=$3.21 $4.00+tax=$4.28 $5.00+tax=$5.35 $6.00+tax=$6.42 $7.00+tax=$7.49 $8.00+tax=$8.56 $9.00+tax=$9.63 $10.00+tax=$10.70 And so fourth.. Keep adding the 7 cents


How much are taxes on 290.00 a week?

The answer depends on the tax rate.The answer depends on the tax rate.The answer depends on the tax rate.The answer depends on the tax rate.

Related questions

IS the tax multiplier always positive?

tax multiplier is always negative not positive, because of downward sloped aggregte demand curve


What are the positive aspects of geothermal?

people who have are likely to pay less tax, its cheap and it uses only water and piping so it is efficient


Regular income tax Fair tax Flat tax which would be your choice?

flat income tax


What makes a tax fair?

a tax is fair is the persons who is being taxed have representitves in Parliament.


Which headline most clearly communicates a positive bias toward the President?

PRESIDENT TAKES A STAND AGAINST TAX EVASION


Why tax multiplier is negative.show graphically the negative impact of tax multiplier on income?

tax multiplier is negative because when government imposes tax, the income decreases


When a tax system is referred to as being neutral it implies that?

tax system is fair


What are the negative and positive aspects of prohibition?

Negative: No freedom to choose. Promoted illegal activity. Growth of organized crime. Widespread corruption of public officials. Sale of tainted alcohol that caused paralysis, blindness and even death. Disrespect for law. Development of widespread binge drinking. Public cynicism. Loss of tax revenues. Dramatic increase in number of police and corrections officers. Positive: Some argue that cirrhosis of the liver was reduced, although this claim is controversial. More jobs for those in law enforcement.


What is the property tax rate in British Columbia?

Property Transfer Tax RatesThe amount of tax due depends on the fair market value of the property that is transferred:If the fair market value is $200,000 or less, the tax is 1% of the fairmarketvalue.If the fair market value is greater than $200,000, the tax is 1% of the fairmarket value up to $200,000, plus 2% on the portion of the fair market value that is greater than $200,000.For example:if fair market value of property is $150,000tax payable is: 1% of $150,000 = $1,500if fair market value of property is $250,000 tax payable is: 1% of $200,000 = $2,000 plus 2% of $50,000 = $1,000 for total tax payable of $3,000


Tax takes the same percentage of income from everyone regardless of their earnings?

Fair tax


What is the percentage of the retail price imposed as a tax?

One of the criteria that makes a tax fair


In the US tax system everyone is supposed to pay a fair?

life's not fair - why should taxes be?