1. She agrees that the husband shall transfer the restaurant's name to the wife because she paid for the Restaurant, operates the business and only used his husband's name, so the restaurant should be hers. In addition, the husband took $2500 from the business account without permission, which should be returned to her; 2. She agrees that the husband shall transfer the titles of 2 cars to the Wife because the Wife paid 2 cars, but only used your client's name because she did not have credit…
the following question: how is it possible for Africa to be so rich in copper resources and yet remain so poor in generating wealth for African citizens? The documentary explains this irony as a result of Multinational Corporations that are avoiding tax payments that gave rise to…
Many people spend hundreds of dollars on the lottery and other forms of gambling, believing that it will make them rich. People who are not so wealthy enjoy the idea of becoming instantly rich just by buying a cheap ticket. It's fun to dream of a better life. People feel hopeful when they think about winning the lottery and being able to get away from their financial problems. As a matter of fact, people who feel poor are much more likely to buy lottery tickets, and to spend a large proportion…
gifting program” can be annually used by Meg to each of her children through “gift-splitting elections” (“Gift and Estate Tax Planning” 14-22). Assets must be transferred in a maximum rate into “living trusts” in order to eliminate “probate,” and induce as “pour over” in case the property is “still held at death” and is intended to be allocated as living trust (“Gift and Estate Tax Planning” 14-22). Meg can consider having a “bypass trust” and a “marital deduction trust.” The bypass trust can…
Although lobbying may sometimes produce “economic waste,” as Gordon Tullock asserts, one cannot soundly argue that lobbying should be done away with altogether. Lobbying is an essential part of the American democratic process which benefits not only private and public interest groups, but policymakers as well. Godwin, Ainsworth, and Godwin define lobbying simply as “an effort to influence public policy.” In practice, lobbying is one of the primary methods by which groups of citizens and…
Three Reasons to Consider a Term Life Insurance Policy in Your Senior Years Term life insurance policies have become increasing important in estate planning, especially for those of limited economic means. The following are three ways they may be able to help you. To not be a burden on family members If you don't have much wealth, at least not enough to cover your funeral expenses, a term life policy may be a good idea. There are life insurance policies that are designed to pay for your…
he Mauryan Empire was like any other empire. The empire had its golden age and its decline, but no matter what the empire was going through it was a great place to live. From its vibrant colors to its food the Mauryan Empire in India was a beautiful and wonderful place to live. I would have lived in the Mauryan Empire and I think you would’ve too. The Mauryan Empire in India had its ups and downs, but it was overall a great place to live. Religion was everywhere in India which they worshipped…
Ever since the beginning of the income tax, a debate has sparked about how much money different levels of income should pay in tax. "The Government taxed personal income for the first time in 1862, to help finance the Civil War(1861-65), Congress imposed a 3% tax on income of more than $600 a year and 5% on income more that $10,000 a year. The income tax was repealed after the war ended"("Extending Tax Cuts", Page 3). Today, we are using the money for the same reason, and many public services.…
Mahmuda Alam Econ-110-02 Case Study 2 Tax cuts. A reduction in taxes. It has always been in high demand. However, despite the allure it holds, it is difficult to ascertain whether they are beneficial to the economy. Tax cuts are perceived to increase real incomes for tax payers. Nevertheless, the long-term effects are by no means predictable because the effect is dependent upon how the additional income is utilized and how rapidly the government adjusts to the decrease in revenue. While…
However, they both being nonprofits don’t require payment of income tax on their income until and unless they get involved in some type of business activities which are not related to their mission. Engagement of social welfare organisations in political campaign Social welfare organisations can engage in political…