The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?

Answers

Answer 1

Answer:

There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.

Answer 2

The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:

There was a need to reduce the influence of the wealthy

According to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.

As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.

With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.

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Related Questions

The percentage of the US labor force that is unemployed is known as the __________.

A.
consumer price index
B.
gross domestic product
C.
national unemployment rate
D.
annual percentage change




Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

Explanation:

C

Answer:

C. national unemployment rate

Explanation:

i did the quiz, hope this helps<3!!

Which statement is true?

A.
Taxes are higher on short-term investments than long-term investments.
B.
Short-term investments are less prone to price volatility than long-term investments.
C.
Short-term investments require greater diversification than long-term investments.
D.
Short-term investments incur lower transaction fees than long-term investments.
E.
Short-term investments have a higher inflationary risk than long-term investments.

Answers

Answer:

c

Explanation:

plato

The actual statement is that taxes are higher on short-term than long-term investments. Thus the correct option is C.

What is Investment?

A purchase made for the purpose of earning money or appreciating in value is known as an investment. The investor will make a long-term profit from their investment in any asset or object.

When short-term investments are made for shorter periods of time with lower returns, they are subject to higher tax rates since they are taxed at the investor's regular income tax rate.

Long-term investments are taxable at an amount that is often lower than ordinary income tax rates since they are subject to long-term capital gains taxation.

The investor must retain the property for more than a year in order to be eligible for this lower rate, which is understood to represent a higher investment with higher risk and higher return.

Therefore, option C is appropriate.

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Harlose Suits faced a lot of complaints from customers when its recent batch of goods was dispatched. The employees at Harlose Suits, hence, had to rework on the returned items, and in some cases, the company had to even replace the faulty goods. In this case, the costs incurred by Harlose Suits are an example of _____. a. prevention costs b. internal failure costs c. external failure costs d. appraisal costs

Answers

Answer:

c. external failure costs

Explanation

External failure costs are those costs incurred due to product failures after they have been sold and used by the customers to which such product are sold too. Although there are insurance policy ready to cater for this kind of loss incurred. The insurance Policy is called "Product Liability Insurance"

You want to compare the batting average of all the players on the league's baseball teams. Which type of chart would be best for this purpose? a.Pie b.Bar c.Line d.Column

Answers

Answer: B.) Bar

Explanation: When trying to compare batting average of all players on the leagues baseball team, the batting average of the players in each team is measured and the data grouped by team. When measuring changes, differences or comparison, the bar chart and line chart seems to be the best for such purposes. However, depending on whether the changes in measured data is large or small, the bar chart seems best suited in cases where large differences exists, while line graphs are better when small differences exist between measure data.

Answer:

B.) Bar

Explanation:

Why does the US import oil?

A.because it has exported too much oil
B.because it does not produce any oil
C.because it does not produce enough oil
D.because it has exported too little oil


Answers

Answer:

C. because it does not produce enough oil.

Explanation:

Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.

Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.

The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.

Answer:

D. Because it does not produce enough oil.

edg 2020.

What are the advantages of crème makeup over pancake makeup?

Answers

Answer:

Explanation:

Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge. Great for All Skin Types. Because Cream foundation works well on all skin types it will answer the question whether it is right for you. .. So both are great for skin depending on what brand or kind

Answer:

       Pancake makeup is the trademarked name held by the Noxell Corporation for a cosmetic face powder that has been compressed into a cake and is applied as a make-up base with a damp sponge or beauty blender.

During red's time as head of the bank of bramblewood, the bank offered three services: time deposits, demand deposits, and home and business loans. under patty's leadership, the bank offers those same services, a variety of investment opportunities such as mutual funds and bonds, and ___________ through the internet, which supports a number of services such as paying bills directly from customers' accounts, direct deposit, and transferring money.

Answers

Answer:

Online Banking

Explanation:

Based on the information provided within the question it seems that the bank is offering Online Banking to it's customers. This is the ability for the customer to be able to handle most of - if not all - the banks services remotely through the internet by going to their online platform. Almost all banks offer this service as it allows for much greater convenience as opposed to having to go to the banks location and standing in line.

Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional

Answers

Answer: Enterprising

Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.

Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.

Deimos Corporation has 500,000 shares of $2 par-value common stock issued and outstanding when the market price per share is $22 per share. By what amount will total equity increase when the company declares a 2:1 stock split

Answers

Answer:

Total equity will remain the same

Explanation:

A stock split is simply increasing the number of shares and at the same time reducing the par value per share.

A stock split of 2:1 means that the number of shares would double  while par value reduces by half.Specifically,the number of shares would increase  from 500,000 to 1,000,000 while the par value reduces from $2 per share 1/2*$2 i.e $1 each.

All in all,the there is no increase in total equity overall.

PLEASE!!!
Which of the following is an example of economic globalization?


A. a chicken farm supplying eggs to the neighboring village

B. a mobile grocery selling organic food across New York City

C. an on-demand beauty salon that provides home service

D. a Japanese store selling tea and spices from South Asia

Answers

Answer:

The example that represents economic globalization is:

D. a Japanese store selling tea and spices from South Asia

Explanation:

The reason behind this answer is that globalization is the concept designed to understand the economic activity of a certain country outside its borders and engaging commercial activities in its zone with different countries or in zones further away. Then, because they are doing business around the globe they are doing a globalization economy.

Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detrimental effects strikes has on various stakeholders in an economy.

Answers

Answer: The answer is provided below.

Explanation:

Strike is a refusal to work organized by body of employees as a way of protesting typically in an attempt to gain concessions from their employer.

Causes of strike include demand for leave with pay, pay increase,health hazards in the workplace, inadequate working tools, excessive working hours; low wages, discrimination, and aggressive behaviour of the managers towards employees.

Eben though there are potential benefits from strikes, like improved labor productivity, better work morale, or lower absenteeism, strike action brings about economic costs which can be high, depending on the duration, number of workers involved and also the divisions affected.

Strikes results in negative impacts on the employees, the employers, their stakeholders, consumers, the government, and the economy.

Furthermore, it also affects the international trade as it can hinder the economic development of a country and create great economic uncertainty especially when the global media continues to share details, videos and images of violence, damage to property and clashes between strikers and security.

The skills section of the resume should include skills that you've gained both in
school and hobbies but should be skills that are
to what the
employer is looking for.
unrelated
opposite
different
related

Answers

The correct answer is D. Related

Explanation:

When reading the résumé of a candidate, the employer always expects the candidate has skills and knowledge directly related to the job offer, because in most cases, these show the candidate will be able to adapt and work efficiently in the new job. For example, if an employer is looking for an architect the employer is more likely to select a candidate with experience and knowledge in the area. Due to this, every time you apply to a job offer your résumé should include skills that are directly related to the job offer or what the employer is looking for as this gives you more possibilities of being hired.

Outstanding stock of the Whispering Winds Corp. included 39000 shares of $5 par common stock and 13000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Whispering declared and paid dividends of $3900. In 2020, Whispering declared and paid dividends of $11700. How much of the 2020 dividend was distributed to preferred shareholders

Answers

Answer:

$6,500

Explanation:

39,000 shares of $5 par common stock

13,000 shares of $10 par 5% non-cumulative preferred stock = $6,500 in preferred stocks dividends per year. Since the preferred stocks are non-cumulative, if they are not paid during one period, that dividend cannot be recovered in future periods.

In 2020, $11,700 were paid in dividends:

$6,500 were paid to preferred stocks$5,200 were paid to common stocks


Using the data, calculate the percentage change in quantity demanded following a £3 increase in the price
of salt pipes. You are advised to show your working,

Answers

Answer:

idk sry

Explanation:

what can i do if my total in cash account is not the same in credit and debit side?​

Answers

Answer:

Consider which items are meant for debit and credit.

Explanation:

The principle of double entry States that for every debit entries, there must be a corresponding credit entries and vice versa. This principle follow suits when preparing ledger accounts and trial balance.

Trial balance is the arithmetrical accuracy of the ledger. Once double entry principle is adhered to, the trial balance must definitely balance.

Where there are differences, check that items which ought to be debited and credited are correctly done. Also check if correct amount is posted like avoiding transposition error.

Darin was promoted, but it meant leaving the bustling city life he loved and moving to a different state in a quiet part of the country. It would also mean that his wife will have to leave her present job and search for a new job. Darin's reluctance best exemplifies the:


A. avoid-avoid inner conflict.B. approach-avoid inner conflict.C. approach-approach inner conflict.D. irrational belief system.

Answers

A is The answer

Hopefully this help

Reluctance is the unwillingness or hesitation to perform or do some task. His reluctance best exemplifies avoid-avoid inner conflict.

What is conflict?

Conflict is a feeling or idea of disagreement and dispute on some serious matter with someone. It can be solved to avoid further brawls.

He wants to avoid the inner conflicts he is going through because of his new posting the wife will be affected and this tension can lead to some tension between them.

Therefore, option A. avoid-avoid inner conflict best exemplifies the situation.

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The cost of a secured loan is typically lower than the cost of an unsecured loan because

Answers

Secure loans are less riskier than unsecured loan because Secure loans are backed by a collateral.

Henry, a trainer at MyChem Inc., schedules training on handling hazardous chemicals for a group of newly hired employees. The training complies with OSHA regulations and is given to all employees upon hire along with periodic refreshers. The type of training described in this scenario is _____.

Answers

Answer:

Hazard Communication Standard  (HCS) training program

Explanation:

The type of training described in this scenario is known as the  Hazard Communication Standard  (HCS) training program. This is a employee training program designed with the goal of explaining and reinforcing the written information regarding hazard labels and material safety data sheets, as well as how to behave around hazardous material and to apply this information to their workplace.

what is the cash flow equation?

Answers

Cash flow=net income+non-cash expenses-increase in working capital.

Answer:

Free cash flow is the cash a company produces through its operations, less the cost of expenditures on assets. In other words, The formula for calculating operating cash flow is as follows: Operating cash flow = Net income + Non-cash expenses – Increases in working capital.

Explanation:

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Identify the careers that require a college degree and those that require technical training.
1. insurance sales agent
2. supply chain manager
3. office clerk
4. engine assembler
5. auditor
6. survey researcher
A. Technical Training
B. College Degree

Answers

Answer:

Some careers require college degrees whilst other require technical training. Careers requiring college degrees usually require one to have an in-depth theoretical as well as some practical knowledge of a subject such that the background knowledge would take years to learn.

Careers requiring technical training on the other hand are more practical in nature and as such do not require as much background knowledge and some training will be able to get the person into the career where they will then learn more as they do more.

College Degrees

Supply Chain Manager - they deal with the company's supply chain network and logistic strategies. This therefore requires a high degree of knowledge in data and processing, analytics, management strategies and the like.

Auditor - they ensure that company accounting is done in accordance with accounting standards and thus require in-depth knowledge in accounting.

Survey Researcher - they help conduct research for various subjects and have to deal with  interviews, focus groups, and the like. They will also have to analyze data which will require in-depth knowledge and training,

Technical training

Insurance Sales Agent - they sell insurance packages to people. This therefore needs only the knowledge of what the packages so and so requires technical training.

Office Clerk - they perform an array of jobs in the office including administrative and clerical tasks. This therefore requires training.

Engine Assembler - they construct engines by putting the different parts together and as this is more of a hands-on role, it requires more practical knowledge gained from technical training. However, there are some engines that will require knowledge of a degree level.  

Caterpillar tractors are made in the US. If Tractors Ltd., a company in Britain, wants to buy a tractor, it must pay for it in US dollars ($). But Britain's currency is the pound sterling (£). How would the British company complete the sale?

Answers

Answer:

Tractors Ltd. would pay an exchange fee to buy dollars with their pounds.

Explanation:

Foreign exchange involves the exchange of one currency for another during a transaction between two countries with different currencies.

In international trade a country like Britain for example will have to exchange it's currency (pound) for the dollar in order to complete the transaction that is in dollar.

This exchange usually attracts a conversion fee that is paid by the buyer in this transaction.

What are scarce resources

Answers

Answer:

Scarce resources are resources that are in limited availability.

Explanation:

Hope this helped:)

Answer:

Limited Goods or goods that are running out

Explanation:

Economic Definition of scarce resource. Defined. Scarce goods are also termed economic goods. Scarce resources are used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource is scarce because it has a limited availability in combination with a greater productive use.

how do you get into Harvard law school​

Answers

a gpa of 4 and above a good score is the sat a good student in the course before pursuing before the law good recommendations and any other talents you have

what is our role in taking care of earth? *idk how to start a sentence*​

Answers

Answer:

Our earth is a nice place and to keep it nice we need to do these things: and so on

For each stock in the stock market, the number of shares sold daily equals the number of shares purchased. That is, the quantity of each firm’s shares demanded equals the quantity supplied. So, if this equality always occurs, why do the prices of stock shares ever change?

Answers

Answer:

daf

Explanation:

Which formula is NOT correct?
A) COGS=COGAS-EI
B) BI=COGS+EI-P-FI
C) EI=BI+P+FI-COGS
D) COGAS=BI+P+FI

Answers

Answer:

Explanation:

The answer is d the correct formula is COGS=BI+P+FI

Product enhancements
A) do not really change the basic product.
B) include guarantees and warranties.
C) include features and options
D) reduce the number of target markets one product can satisfy.

Answers

Answer:

C or A

Explanation:

I could answer better with more context

The correct answer is C

Write a paragraph about the financial impact of the coronavirus on our country. What evidence have you seen?

Answers

Answer:

2.9 million more Americans have filed for unemployment, bringing the two-month total to more than 36 million. The US April unemployment rate has risen to a record 14.7%, with more than 20 million jobs lost last month.if more people keep being unemployed the world would be chaotic. And even worse millions can die from starvation and lose their homes.

Explanation:

If someone stole from you ... and you stole it back ... would you technically still be stealing it ? .


if time=money is an ATM a time machine . (0¿0)

Answers

Answer:

yes that would still be stealing unless you where taking back what they stole from you but if you take a random thing that wasn't yours to begin with that would be stealing

Answer:

No you are simply taking back what was yours however, like Charleheighstidham, said if you take something of theirs then you are stealing

Time is abstract money not literal money so no to that but it would be awesome if atm machines were time machines

Explanation:

Miracle Company purchased treasury stock with a cost of $15,000 during 2013. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2013 total:



A. $846,000 net cash inflow.


B. $831,000 net cash inflow.


C. $861,000 net cash inflow.


D. $866,000 net cash outflow.

Answers

Answer:

The correct answer is option (b) $831,000 net cash inflow.

Explanation:

Solution

Recall that:

Company miracle bought stock treasury with a cost of = $15,000

Dividends paid =  $20,000

Bond issued =$ 866,000

Now,

The cash flow from financing activities is calculated as follows:

Bonds payable -Purchased treasury stock - Dividend paid

$866,000 - $15,000-$20,000

= $831,000

Therefore, The net cash flow is $831,000

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