Financial transaction tax

Military Spending is important because this can cause a major problem in the economy. An example of this can be that taxes on items can go up. Also, the country or the world can go bankrupt. If the world goes bankrupt, then it'd be similar to the stock market crash in America, in the year 1929.(Staff,2010) Another possibility is that the whole entire world will have to have a meeting to discuss what they could do to fix this problem. If the world military spending increases more than it…

IA Question: Are the benefits of a minimum wage job or welfare more advantageous for an average family of 3, (5, 7) in the states of California, Indiana, and Idaho? IA Title: Minimum Wage VS. Welfare Method of Research: For this investigation, I will be researching data from online websites. I will be looking at the average income for a family of 3, 5, and 7 at minimum wage and comparing it to families of the same number but receiving welfare. I will also be factoring in welfare crisis…

Inequality, there is so much to say about this subject. The rich, poor, and politicians have a lot to say. I myself have my opinion about this debatable subject. First, I respect the office of the President of the United States; however, the president’s policies have a great influence individuals are transfer from poor, middle and the rich class. Although, the president may have good intention with his proposals, I think his proposals has created more inequality. When a president expands social…

assets, made investments, have mutual funds, stocks, or received an inheritence, you'll need to figure out your tax basis when filing your income tax return. Tax basis is also commonly known as cost basis, depending on whom you're dealing with. They are often used interchangeably to mean the same thing. It can be complex because it matters how you came to own the shares or mutual funds. Your tax basis is determined by the amount you use from the investment that is for profit or loss when you…

Going for Broke, Deficits, Debt, and the Entitlement Crisis The presenter was Michael Tanner, Senior Fellow, at Cato Institute. He talked about the budget deficits which was more than $1.3 trillion in 2011 and becomes around $0.44 trillion in 2015. After that, the economists such as Paul Krugman said “the deficit problem is mostly solved”. But there is a problem, the projected deficits will be more than 1 trillion dollars in 10 years. The budget deficit is how much money the government spend…

improving the financial position of Canadian households are outlined below. Promoting Education in Financial Literacy There is a strong correlation between the lack of financial literacy and household debt in Canada. People who are more educated regarding financial knowledge would be able to handle their finances more effectively and reduce their household debt (The Globe and Mail, 2015). Promoting this kind of education can lead to individuals perceiving themselves as capable financial…

US DEFENSE SPENDING IN CONTEXT The Pentagon Budget and Jobs: How does defense spending rate for job creation? This is a compilation of various reports that seeks to demystify the claim that a cut in the defense budget will lead to job losses. The main arguments are: • Although military budget cuts will lead to jobs losses in some way, the percentage of job losses will be higher if the budget cut rather occurs in nonmilitary programs. For example, a study in the state of Massachusetts found that…

After researching taxable and non-taxable income, the Pontiac G6 awarded to Oprah’s audience would be subject to federal taxation. According to treasury regulations, it states that: “Section 74(a) requires the inclusion in gross income of all amounts received as prizes and awards, unless such prizes or awards qualify as an exclusion from gross income under subsection (b), or unless such prize or award is a scholarship or fellowship grant excluded from gross income by section 117 (Reg §…

The United States Government is being swallowed with debt. Since the three million dollar surplus that was left when Bill Clinton left office, the United States managed to rack up over nineteen trillion dollars and counting in debt. This makes the very limited amount of money that is available for the government to use so much more precious and valuable. Where does over half of the one point eleven trillion dollars that the government has available end up? In Military spending. The…

The biggest problem with finding a real-life example of communism is that communism in practice has only existed under authoritarian government (Investopedia 1). Two great examples of communistic and capitalistic countries are China and the United States. China is the one of two communist countries that are not under totalitarian rule as of the publishing of this paper, and its economy is very large. This makes it a good country to compare with the United States, which also has a large…