Macroeconomics
A poll of more than 1,000 small companies by the National Federation of Independent Business was taken in 2001. The average interest rate on new short term loans is 8.1%. It compares the rate on small commercial loans based upon the type of business. Whether it is all domestic banks, large domestic banks, small domestic banks, and US branches of foreign based banks. The foreign banks tend to offer the lowest rates while usually the domestic banks offer the highest interest rates. The New York Development Corporation is an industrial commercial retail company. Their loan range is from $100,000 to $1 million. The variable terms are 5 to 15 years, which is considered a long term investment. The interest rate on these terms would be prime, plus 2% or fixed and tied to treasury. These loans can be form fixed assets, working capital, renovations, restructure debt, and leverages buy outs. I think that the interest rate on a loan that this business has is attractive. Many different companies are competing for interest rates because they want people to go through their company. I think that prime plus 2% is r
There are three different types of taxes that the government redistributes income. They are Income taxes, Income maintenance programs and subsidized services. People pay different amounts of money on their taxes depending on their income for that year. The poor do not have to pay taxes; they receive money from the government. The middle class usually pay 15 percent and the wealthy pay 28 to 31 percent on their income taxes. It is funny because the more money you make, the more money you have to give on your taxes. In the Income Maintenance Programs, they redistribute income by making direct payments to the people who are in the lower part or the very lowest of making good income. One of the programs was the Welfare program that I have described in my previous paragraph. Another part of the program is Social Security. The main components of social security are old age, survivors, disability and health insurance. Most businesses that have employees and are big businesses have benefits. Social security is usually taken out of your pay roll, and at the end of the year you will get money back from your taxes, because
Some common words found in the essay are:
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Approximate Word count = 761
Approximate Pages = 3 (250 words per page double spaced)
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