Examlex
If a person chose to vote for Mitt Romney in the 2012 presidential election based primarily on the fact that during the previous four years unemployment had not gone down as promised,this is referred to as __________.
Unlimited Liability
A legal situation in which the owners of a business are personally responsible for all the debts and liabilities of the business.
Double Taxation
The imposition of taxes on the same income, asset, or financial transaction at two different levels of government, such as corporate income being taxed first at the corporate level and then at the shareholder level when dividends are paid.
Double Taxation
The imposition of taxes on the same income, asset, or financial transaction at two different levels of government, often seen with corporate earnings taxed at both the corporate level and again as shareholder dividends.
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