Category: Tax

Table of Contents Facts Issue Conclusion Analysis Summary Reference Facts In 1984, Herbert, a collector of rare coins, bought a 1916 Spanish Bowlero for $2,000. He sold the coin for $4,500 in January. He made a gain amounting to $2,500. On retiring from his loading dock job in June, Herbert actively began buying and selling…

Table of Contents Benefits: State and Federal Taxes Doing Away with State Taxes Supporting a Federal Tax A Federal Tax System Conclusion References Taxation is the primary source of revenue for federal, local, and state governments in the United States. There are different types of taxes that are common in this country, including those imposed…

Austin Towers is a convicted former spy for the former Soviet Union. Austin received a communication from a Soviet agent that $2 million had been set aside for him in account upon which he would be able to draw. Austin was told that the money was being held by the Soviet Union, rather than in…

If almost half of all taxpayers benefit from an efficient federal tax rate of zero per cent, then there must be defined minimum taxation that all individuals must pay. The minimal rate must be calculated in relation to the various economic levels. However, the minimum tax ought to be imposed only if the person has…

Table of Contents Introduction Tax Information Exchange Agreements Mutual Legal Assistance Treaties Conclusion Bibliography Introduction The periods in which countries tried to make cash from hosting politically depicted persons, shell banks or known terrorists cash and no questions asked are gone. There is a dramatic change in many offshore regimes, especially those that publicized the…

Table of Contents History Funding Sustainability Concerns Potential Alternatives Other Sources of Funding Conclusion: Observations and Thoughts Works Cited The Highway Trust Fund (HTF) is the main source of funding for American transportation programs. Despite a gradual increase in funding, HTF has shown signs of insolvency. The current paper provides an overview of the existing…

Summary This article appeared in the Edmonton Journal, and it offers suggestions on how to deal with Albertas revenue deficit. The author of this article is a business columnist who boasts of three decades experience. The article is authored in light of the recent six billion dollars revenue-deficit in Alberta province. This deficit is a…

Table of Contents Cause Taxes as Determinants of Deadweight Loss Challenges Deadweight Loss in the Framework of Economic Principles Works Cited Cause Deadweight loss is the loss in social surplus that occurs when a market produces an inefficient quantity (Hall and Lieberman 454). In other words, a deadweight loss can be characterized as the costs…

Lessons from the Stimulus Fight Barnes is skeptical on the effect of less than 40 % stimulus package in the form of tax cuts proposed by President Obamas administration. He admits that the process of Economic recovery has since delayed with the rates of unemployment registering a 9 percent. The writer predicts that the percentage…

Table of Contents Introduction Main body Conclusion Works Cited Annotated Bibliography Footnotes Introduction Fiscal policy is one of the main methods of federal and state intervention in the economy aimed at reducing fluctuations in business cycles and ensuring a stable economic system in the short term. The main instruments of fiscal policy are the revenues…