Taxation

The U.S. Census Bureau attempted to employ a Field Data Collection Automation (FDCA) program to expedite the collection of information. The FDCA project is important to the Census Bureau for many reasons. The first reason is the reduction of costs associated with the collection of information. Going door to door with paper forms is costly. The actual forms that are used cost the government mass amounts of money to produce. These forms are then peddled door to door by people who are paid wages…

Millionaires’ taxes should be increased because the wealthy can all afford to pay and many want to pay to help the economy. The Economist magazine points out, the movement to raise taxes for the rich was started by multi-billionaire Warren Buffett. He thinks it is unfair that he pays a lower tax rate than the average American. People started to listen to this point of view, and wealthy German and French people started signing petitions to raise taxes on the rich (“Diving” 1). Warren Buffett, who…

Ever since the country was officially founded on the 4th of July in the year 1776, taxes have been an ever-changing factor in the economic stability of the United States. There are a multitude of factors that play into the varying tax rates, and these can all be tied into changing demographics in the years following the founding of the nation. Because of an increase in age of population, increased growth of suburbs, and increased immigration, taxes are constantly fluctuating. Changing tax rates…

Kentucky is famous for its bourbon, horse races, and coal. About 4,000 Kentuckians work distilleries, 1,300 in horse ranching, with 11,000 in coal mining. Manufacturing being one of Kentucky’s biggest economy, making up 18.3 percent the states gross domestic product (GPD). According to the business rank, Kentucky fell in the middle on most our metrics. Small businesses in Kentucky are the foundation of our state’s economy. How does socio-economic, geographic, fiscal policy, educational and…

First, let me reiterate my synopsis of your inquiry. The inquiry comes after being denied an organic voucher from our company called “Equitable Access to Organic Foods.” You expounded on your feelings and assertions in the previous letter that you gave to the company. You elucidated that the validity of the company’s decision should be revoked; and your case should be further examined due to unfairness on the behalf of the company’s decision. Your letter was approximately four pages long with an…

While trying to get their point across, the candidates must also define their stance and make sure to back their ideas. The goals are to address issues and not miss an important mark which is what some of these candidates did. Once asked on the topic of taxes and economy, this left some of the candidates at ease. In both debates all candidates showed they had a variety of words to say about taxes and the economy, this also steamed up some questions without truthful answers. In the 2008 debate,…

Drowning in Debt Ranked 13th in the world for external debt, Australia continues to drown. This debt growing as each year passes. The reason for this crisis is Australian government’s spending outweighing its revenue received through taxes. Our revenue and spending are becoming great issues as they both persist to exponentially increase every year. Taxes are one of the most significant aspects keeping our country running. In particular, corporate taxes being one of the main forms of revenue.…

After fifteen weeks of a microeconomics class who would have knew that the ideas of economics are all around us. If you just focus your hearing you can find some type of idea in every song, some more than others. In 1978 Rush released the song The Trees. This song is about two trees the maples and the oaks fighting over the sunlight. Already we have some economic ideas like supply and demand. I have a few specific lyrics that I relate to more than others. The first sets comes at the end of the…

The third and final tax system to be evaluated for pros and cons is the no income tax system, which is implemented in nine states: Alaska, Florida, Nevada, South Dakota, Texas, Wyoming, New Hampshire, and Tennessee (New Hampshire, and Tennessee pay an income tax on dividends from investments). First, a no income tax system is exactly what it sounds like, there is no income tax to be payed to the state. Are these states at a disadvantage because they do not have an income tax? The answer to this…

Mathematical economics Freakonomics This movie has been adapted from a book written by Stephen Dubner and Steven Levitt. The entire movie has been divided into parts highlighting various phenomenon. The movie begins with Dubner and Levitt stating an example of a real estate agent and his client. The agent will convince his client to accept an offer lesser than what is being demanded rather than wait for another week. This is because the commission that the agent gets on the extra money that…