What is the margin tax, and how has it not lived up to the original goal of using it to better fund public education?
What will be an ideal response?
The ideal answer should include:
1. A margin tax is a tax assessed on the marginal income of a business. It is a form of franchise tax, which is a specific tax paid by businesses operating in Texas.
2. The margin tax was created as a result of the 2006 special session called to deal with the specter of voters angry over closed schools.
3. The tax is assessed on the lesser of the following: 70 percent of a business's total revenue; a business's revenue minus its cost of goods sold; or a business's revenue minus employee compensation. Businesses engaged primarily in wholesale or retail trade pay a 0.5 percent tax on that marginal rate. Other businesses pay 1 percent on the margin rate.
4. Sole proprietorships are exempt from the tax, but professional associations, partnerships, and corporations all pay.
5. The margin tax will never generate the income that its advocates promised in 2006. In 2017, the margin tax produced only $3.2 billion in revenue, three-fifths of what it produced in 2012.
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During World War I, the Supreme Court upheld the conviction of Charles T. Schenck, ruling that government can limit speech that __________
a. is critical of the government b. is a prior restraint c. creates a clear and present danger d. qualifies as hate speech
How does a zero-sum game compare to a non-zero-sum game?
A) In a zero-sum game, one player's gain is by definition equal to the other's loss, whereas in a non-zero-sum game, players' gains and losses cancel each other out. B) In a zero-sum game, one player's gain is by definition equal to the other's loss, whereas in a non-zero-sum game, it is possible for both players to gain or lose. C) In a zero-sum game, both players win, whereas in a non-zero-sum game, both players lose. D) Zero-sum games are more typical in international political economy, whereas non-zero-sum games are more typical in international security.
Diplomat George Kennan, who had initially warned against Stalin's aggressive plans, became disillusioned as containment became highly ideological
Indicate whether this statement is true or false
In its ruling in the Bakke case, the Supreme Court held that
A) universities have the right to give preference to blacks and other minorities as long as they do not use rigid racial "quotas." B) the history of the 1964 Civil Rights Act shows that it was designed to prohibit all private affirmative action programs. C) affirmative action plans to protect recently hired black employees must yield to seniority when layoffs are necessary. D) Allan Bakke had no right to be admitted to the medical school of the University of California at Davis. E) universities can do exactly what they want to do.