Sales tax

A budget is a financial plan of revenues, expenses and future costs for a given period. It provides information and set goals on how much the government is allowed to spend in the future. The purpose of a budget is to project their spending for short-term and long-term goals because it manages revenues and expenditures. A balanced budget and surplus budget decrease interest rates because it helps the government improve and grow over a period of time. If budget deficits arise, it increases…

“Never support public financing of a sports stadium. You as a taxpayer are virtually guaranteed to lose that game.” Over the past few decades, the debate over whether or not sports stadiums should be publically financed has caught more attention with tax payers. Many financial economists have come to agree that publicly financing sports stadiums is a bad investment. The public should not provide financial support of sports stadiums because they have little local impact, provide subsidies to…

that during the sale, Grenier submitted notarized paperwork that he and his wife did not sign, and that the final price of the property was never discussed with him. Additionally, he asserts that Grenier has put him at risk for being sued by Farmer due to a “cloudy title”, and that Grenier’s actions have opened him up to a tax audit by several different agencies. RESPONDENT’S ANSWER In response to Tolman Sr’s allegations Grenier claims “there was no withholding…

the system but instead of returning to the majority it remains in their hands. This hurts the economy because if the corporations avoid taxes then ordinary people are forced to pay higher taxes while corporations and the rich avoid theirs. “Corporate tax payments now account for just 2.5% of national income, the smallest share ever” (Shah). If the government doesn’t get the revenue it needs from taxes it cannot provide public goods as efficiently or redistribute wealth. Big Corporations…

and poverty. When it comes to immigration most would agree that it is an issue that needs to be fixed. One view is that illegal immigrants are a burden to the economy and must be eradicated from the US. To start they take jobs away from citizens, tax payers, and law abiding citizens. Millions of dollars are spent on educating, housing, and providing health care for undocumented immigrants and give very little back in the way of taxes. According to a detailed analysis by the Heritage…

Economy plays an important role in the personal finance for every individual. Personal finance is how individuals make investment choices to gain wealth, and it will helps to understand economics, so we know how economic conditions impact our investments such as stocks, and bonds. In 2008, when the economy crashed, everything got effected especially the automotive industry and real estate market. The unemployment rate was the highest it’s been since the Great Depression. This situation effected…

Democracy for Sale Five years ago Citizens United spearheaded a campaign to steal the people's power and unfortunately the Supreme Court decided to rule in favor of the controversial right-wing group, in the devastating ruling of Citizens United v. Federal Election Commission. This disastrous move by the "Supreme Court scrapped the previous campaign finance laws and essentially declared that companies are allowed to buy politicians by circumventing restrictions via PACs, political action…

States. 2007 pre-tax profit was $3.7 million on $75 million in sales. The company’s forecast of a 4% increase in 2008 sales is in line with expectations for the furniture industry as a whole. The president of the company expects increasing costs to reduce the contribution margin to 20%. He would like to attain a 5% pre-tax profit margin which would be a slight increase from the current 4.9%. Company policy limits promotional expenditures to 5% of sales. In 2007, 4.9% of total sales were…

conditions and comparable properties. Comparable Market Analysis (CMA) - The most common method of determining the current value of a home based on condition, location, and recent sales data. Appraisal - An opinion by a third party to determine the value of a subject property based on condition, location, and recent sales data or comparable market analysis. An appraiser is said to represent the party who pays for their services. However, the appraisal value has no bearing based on this…

Ted Builder is an Orthopedic surgeon who runs a successful medical practice in Park City, Utah. He works 60 to 70 hours during the ski season and afternoons during the rest of the year. He earns $200,000 a year. Over the last 20 years, Ted as acquired 316 acres in and around Eden, UT. These properties were purchased because Ted believed that Powder Mountain would become a high-end resort and make the land more valuable. Ted has not actively developed any of the parcels of land. He currently…