A financial transaction tax is a levy placed on a specific type of monetary transaction for a particular purpose. The concept has been most commonly associated with the financial sector; it is not usually considered to include consumption taxes paid by consumers.
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- Bill Gates told his Harvard University professors that he would be a millionaire by age 30. He became a billionaire at age 31.
- The first debt ceiling was established in 1917 and set at $11.5 billion, according to the Committee for a Responsible Federal budget.
- The U.S. government's debt ceiling has been raised 11 times since the beginning of 2001 - and a remarkable 76 times since March 1962, according to the Congressional Research Service. It now stands at $16.394 trillion.
- On January 1, 1791, the U.S. national debt was $75 million. As of August 28, 2011, the official debt of the United States government was approximately $15.9 trillion. To pay this debt would require approximately $51,000 from every single person living in the United States.
- Legendary investor Warren Buffett bought a 40-acre farm at age 14 with $1,200 in savings from delivering newspapers
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