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Introduction

Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services).[need quotation to verify] Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors."

Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.

The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company. A company, on the other hand, is a separate legal entity and provides for limited liability, as well as corporate tax rates. A company structure is more complicated and expensive to set up, but offers more protection and benefits for the owner.

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The FairTax is a proposal to reform the federal tax code of the United States. It would replace all federal income taxes (including the alternative minimum tax, corporate income taxes, and capital gains taxes), payroll taxes (including Social Security and Medicare taxes), gift taxes, and estate taxes with a single broad national consumption tax on retail sales. The Fair Tax Act would apply a tax, once, at the point of purchase on all new goods and services for personal consumption. The proposal also calls for a monthly payment to all family households of lawful U.S. residents as an advance rebate, or "prebate", of tax on purchases up to the poverty level.

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"The New Fred Meyer on Interstate on Lombard" (7404 N Interstate Ave, Portland, OR 97217).
Photo credit: Genghiskhanviet

In commerce, a hypermarket is a superstore combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, including full groceries lines and general merchandise. In theory, hypermarkets allow customers to satisfy all their routine shopping needs in one trip.

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"That is just what happened in 1893. Wall Street expected it and was ready with actual cash to buy in at nominal prices what the public was forced by the panic to sacrifice.

The banks got their share of the plunder, the repeal of the silver purchasing clause, and increase of Govemtnent currency was stopped. But Wall Street had to wait for its share, the gold standard. The banks, however, were loyal to the conspiracy. They stood with Wall Street in the campaign of 1896, and on March 14, 1900, Wall Street and its foreign bond-holding clients got their share of the plunder, the adoption by Congress of the single gold standard.

Writer is not hereby attacking the gold standard or advocating its repeal. That law is an accomplished fact. Nor is he favoring free and unlimited coinage of silver at sixteen to one. He is a republican, and never believed free silver coinage to be the proper remedy. But he is trying plainly to state without political bias certain historic facts and seemingly fair deductions of great significance because such facts have a most important bearing tending to reveal the true character and methods of the national banking system and Wall Street and throw a flood of needed light upon the present attempt of these interests to still further increase their profits and power at the expense of the people."

Alfred Owen Crozier, U.S. Money Vs. Corporation Currency, "Aldrich Plan.", 1930

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  • ... that at the time of her completion in 1918, American cargo ship West Lianga held the distinction of being both the fastest-launched and the fastest-constructed ocean-going ship in the world?

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