Carbon tax

But using excess amount of tax revenue to cover defaulted or delayed payment seems unfair to the taxpayers. Since this program aims to a small group of people, it cannot be simply treated as a public good. Optimal level can’t be decided by voting since low income population has a…

Child support orders are made as a way to mandate that a child receives financial support from each parent on a fair and reasonable basis. As it has been suggested that Jake will have Samuel for 65% of the time it is likely that an order for child support would go in his favour, with Lana being liable to pay any amount that might be awarded pursuant to s.66C of the FLA. This is determined by: 1. Income, minus a self support amount: First both parents income are considered. Lana earns…

Jean Baptiste Colbert was the financial minister of king Louis XIV. Colbert helped the king in achieving his goals to help France attain economic, political, and cultural brilliance. He pushed mercantilism on France. Colbert believed in the theory of mercantilism. Mercantilism is an economic policy under which nations sought to increase their wealth and power by obtaining large amounts of gold and silver and by selling more goods than they bought. There are nine characteristic that…

Domhoff “Who Rules America” and J.Johnson “The One Percent” documentary indicates the connections of the upper class and corporate community through economic and social views. The upper class mostly known as the one percent owns most of the country's wealth. The corporate community are organization that are connect to similar groups and their main purpose that drives them is profit. The upper classes gains new member through participation in their schools, clubs, and other social institutions…

Name: Max Fernandez Hour: 7 Teacher: Mrs.Gierman “Money is like muck, not good except that it be spread.”–Francis Bacon“So distribution should undo excess, and each man have enough.”–William Shakespeare. These are both quotes relating to income inequality.Life is unfair when it comes to income inequality. The outcome of income inequality is unfair.This explains how and why the rich and poor are treated because of how much money the have or get. According to the…

Eliminating the Minimum Wage In the recent presidential race, the economy and state of impoverished are brought up very often, and mostly on the democratic side. Both Hilary Clinton and Bernie Sanders, the democratic nominees support combating poverty with policies designed to help those who are impoverished, including raising the federal minimum wage to give low skill jobs a higher income On the surface, a policy like this would ideally help out the little guys without sacrificing much else…

problems with the tax in the U.S. People don’t know where a lot of the money goes. Tax is a lot to pay at the end or beginning of the year. Some people shouldn’t have to pay taxes until they own something. The tax in the U.S and where the money goes is a big issue. Most of the time, tax is used by the government and the public has no choice over what it’s spent on. This needs to change. Tax should be used for education and other important things that the country lacks of. The tax in the…

Federalism is a system of government that divides power between a national government and several smaller governments such as state governments (Pearson 78). Historically Federalism falls into four categories dual, cooperative,regulated and new Federalism.Dual federalism is a theory about the proper relationship between government and the states.One fo the primary importance in dual federalism is that the states rights which reserve to the states.The period from 1789 to 1901 has been termed the…

corporation that has more than 50% of the value of its outstanding stock owned (directly or indirectly) by 5 or fewer individuals at any time during the last half of the tax year, and isn't a personal service corporation. According to IRS publication 542 and 544, a closely held corporation is subject to additional limitations in the tax treatment of items such as passive activity losses, at-risk rules, and compensation paid to corporate officers. For the passive activity rules, they apply to…

station and accompanying liabilities to the new corporation. It is assumed that the basis of the gas station exceeds the liabilities transferred. Tax Issue What is the basis for the land transferred to XYZ Corporation by Mr. Smith? Conclusion. The basis for Mr. Smith is the cost of the land as separated from the gas station and is likely based on property tax evaluations as previously determined for depreciation of gas station assets. XYZ Corporation will have a basis in the land equal to…