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Taxes

A tax is a required payment of money to a local, state, or national government, usually made on some regular basis.
by

Dominique Kacer

on 27 November 2010

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Transcript of Taxes

Taxes A tax is a required payment of money to a local, state,
or national government, usually made on some regular basis. Befeor the year 2000 taxes increased on cigarettes.
At that time cigarettes companies did not warn people
about the risks they're taking by smoking. In the year 2001 beer tax increased.
From 26.5 cents to 48.8 cents per gallon. Few months after Barack Obama became president,
gas taxtes decreased drastically. http://www.uvm.edu/~vlrs/doc/beertax.htm http://www.uvm.edu/~vlrs/doc/beertax.htm http://www.uvm.edu/~vlrs/doc/beertax.htm Higher taxes mean that businesses are faced with
higher costs and the prospect of making less profit
and will supply less of their product to the market. Businesses may have to pay taxtes on the
materials they use, the property they own,
and the profits they make. Taxes add to a business's production costs,
just like the cost of rent.
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