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The ad valorem property tax policy combined with rising prices made it difficult or impossible for low income residents to keep pace. [61] Lack of affordable housing places a particular burden on local economies. As well, individual consumers are faced with mortgage arrears and excessive debt and therefore cut back on consumption.
Tax-credit scholarships which are in most part disbursed to current private school students or to families which made substantial donations to the scholarship fund, rather than to low-income students attempting to escape from failing schools, amount to nothing more than a mechanism to use public funds in the form of foregone taxes to support ...
Pennsylvania (/ ˌ p ɛ n s ɪ l ˈ v eɪ n i ə / ⓘ PEN-sil-VAY-nee-ə, lit. ' Penn's forest country '), officially the Commonwealth of Pennsylvania [b] (Pennsylvania Dutch: Pennsilfaani), [7] is a U.S. state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.
Google was founded on September 4, 1998, by American computer scientists Larry Page and Sergey Brin while they were PhD students at Stanford University in California. Together, they own about 14% of its publicly listed shares and control 56% of its stockholder voting power through super-voting stock .
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
Property taxes in California amounted to over $54.0 billion (2011) and are one of the largest taxes in California of which about $12.0 billion of the $54.0 billion collected was for voter approved "extras". [57] The property tax, despite being used primarily to finance local governments, has a significant effect on the state budget.
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington. [2] Founded in 1975, the company became highly influential in the rise of personal computers through software like Windows , and the company has since expanded to Internet services, cloud computing , video gaming and other fields.
From the mid-16th century, the region came under the increasing influence of European colonial powers, with the Maldives becoming a British protectorate in 1887. Independence from the United Kingdom came in 1965, and a presidential republic was established in 1968 with an elected People's Majlis.