Consumption tax

There is an issue looming on the horizon. Possibilities of large unemployment caused by technology in the future seems more real than ever. The progress and advancements in technology have been taking more jobs in blue-collar sectors and it predictions say they will take even more jobs relatively soon. Federico Guerrini’s article in Forbes’ magazine reports that estimates show 2025 is when self-driving automated trucks will be series-produced. Once this happens, truck drivers will begin to…

The main cause for racial and income inequality throughout the country is due to the racial superiority some states have set, due to the migration to suburban areas and the gentrification of urban cities. Minorities usually migrate to urban cities where jobs are more available, affordable housing can be found, and the availability of food is accessible (prices of food). In the article “Food Justice and Agriculture,” it mentions, “Accessibility is also envisaged from an economic point of view,…

scenario resembles an issue in the Unites States income tax policy. Progressive taxation exists to alleviate the gap between high and low income earners, and in the short run progressive…

: “ Should There Be a Tax on Soda and Other Sugary Drinks?”, published in the wall Street Journal “taxes on sugary beverages are regressive and would hurt the poor”. While it is true that sodas and sugary beverage are the mostly consumed by low income working family; however, the amount of tax per ounce and the effect aren’t harming the poor families, but it is the opposite, they are the biggest beneficiary of this tax in the short and the long term. First of all, the tax is not big enough to…

current period. North Charleston property tax rate is 95.0 mills. The real property taxes are assessed and collected by Charleston, Dorchester, and Berkley Counties. Real property taxes are due without penalty before January 16th. The interest and penalties begin accrue according to what county is collecting the property taxes. The property tax revenues increase by 89% over the last ten fiscal years (52,409,847/27,772,011)-1= 89%. While, the business license tax revenues increase by 63% over…

attached us. It is one of the fundamental rights and duties of a freeman to decide what and whose needs appear to him most important.” Discuss the theoretical and policy-relevant implications of this idea with respect to social protection policies and tax policies. Hayekian ideas have been the most influential ones in policy making since the mid-1980s. For Hayek, increasing control of the governments of economic life means increasing control of the governments in every area of life and thus…

Committee on Ways and Means: Since the last major tax reform in the U.S. nearly 30 years ago, significant changes have taken place in the composition of taxpayers, businesses, and the economy. The tax code has added over 30,000 pages, the U.S. corporate tax rate has become one of the highest in the world at 39.1 percent, and credits, loopholes, and deductions have seen a 44 percent increase. While there is little debate among Americans that major tax reform is needed, the larger, unsettled…

novel “The Fair Tax book” starts off with a general purpose of replacing several groups of taxes with a single consumption tax at a retail level. It would only be collected when the hard working individual decided to spend his or her money. The preface also claims that the book is about a 133-page tax bill currently being put forth to the House Ways and Mean committee. It is generally known as Fair Tax. The Fair Tax would replace several IRS rules with an easier to comprehend tax. It is quoted…

The Simon principle is an economic assessment used to define a country’s immigration policy. The principle states that if the marginal immigrant makes a non-negative contribution to the treasury you continue to admit immigrants until the contribution goes to zero. Liberals and conservatives support the principle. Liberals believe immigrants are acceptable as long as they benefit the country’s economy positively. Conservatives believe countries should have no issue with immigrants as long as…

authored by Laura Crimaldi was published on November 20, 2011, appearing in the Las Vegas Review- Journal. The article details a scam that some food stamp recipients were taking advantage of. Crimaldi opens the article detailing a scam that has cost tax payers as much as $330 million dollars a year (P. 2). The scam involved small businesses exchanging money for the customer’s food stamps, a federal offense that has resulted in 597 convictions and over $197 million in fines (P. 3). The author…