International taxation

The main sources of revenue for North Charleston for the governmental-type activates are charge for services for the general government, public safety, sanitation, and culture and recreation. The other main source for governmental-type activities is operating grants and contributions for public safety, culture and recreation, community development and promotion, and interest on long-term debt. Also, another revenue source for governmental-type activities are capital grants and contributions for…

As the old saying goes, there is two things sure in life, Death and Taxes. Needless to say, taxes have become part of everyday life for Americans and as well others citizens of the world. Politicians always promise to cut taxes and improve the wellbeing of the Nation’s people. As a matter a fact, most people will agree that taxes are one of the biggest annoyance they face. But, what some do not realize is the importance of taxes hold in some nations’ economies and as well as government run…

A. Business Entity Distinctions Business entities are chosen based on three criteria: liability, taxation, and recordkeeping. The first criterion (liability) focuses on how much debt an owner is personally liable for as well as how the debt ratio affects an owner’s ability to acquire capital. In his current election as a sole proprietorship, Mr. Jones is personally liable for all debts incurred while in operation. If Mr. Jones is unable to repay business debts; his personal assets can be seized…

Wealth Inequality in America is Justified Ralph Waldo Emerson once said, “The only person you are destined to become is the person you decide to be.”(goodreads.com). We are all handed a card when we are born, some are handed a life in wealth while some are born into less fortunate situations. The American Dream is that one will be prosperous and have the equal opportunity for upward mobility. The card you are dealt at birth determines this, meaning that the American Dream is not equally…

There is a case about the freedom of movement. In the case of Government of Malaysia & Ors v Loh Wai Kong , Loh was a permanent resident of Australia. He returned to Malaysia in April 1975, and was charged with a criminal offense in the High Court at Ipoh on 2 August 1976. Loh obtained bail on condition that he surrenders his passport. On 2 March 1977, his passport expired, and Loh had it returned. He later applied for a new passport, citing the need to return to Australia by 1978, or his…

First in this section, the authors investigate the income tax from the turn of the 19th century to the end of the 20th. In the prior periods states primarily relied on indirect taxation as their means of collecting revenue and states did not begin to introduce income taxes until late 1800s, where top marginal rates were relatively constant and low until the early 1900s outside of minor blips when war financing was necessary. Again…

“Those damn liberals are wasting all of our money!” or “Those crazy conservatives are running the country to the ground!” I’m sure you’ve heard things like these before and they are becoming all the more common. This is just one example of how political hyperpolarization is becoming more prominent. Political Hyperpolarization in American Politics is a growing trend that leads to deadlock in government and political pandering at the expense of the common good. This can be solved by reforming the…

Trickle-down economics comes in many forms. Supply-side arguments, these are economic arguments that are most normally associated with tax cuts for high earners, the 1% of Americans, these arguments are used to suggest that the wealthy would be more incentivized to raise output in the marketplace and create better jobs. Demand-side arguments, these as well are associated with subsidies and tariffs, they continue on the argument that the wealthy need protections in order to keep paying their…

The election of 1912 has four presidential candidates who are Woodrow Wilson, Theodore Roosevelt, William Howard Taft, and Eugene Debs. Woodrow Wilson is the perfect example of a strong presidential candidate who would guide America into prosperity and progress. Although Wilson is a novice with regards to his political career, he proved to be a very successful governor of New Jersey by having a great deal of progress there. Wilson accomplished all of his goals that he had while holding the…

Chapter 3. The 1980s Trouble On The Oil Front, Then A Short Span Of Economic Improvement … In the 1980s, economic improvement in the US followed President Ronald Reagan’s tax cuts and Paul Volcker’s defeat of runaway inflation. These achievements led to a fairly solid economy that lasted for a few years. By 1980, it was generally understood that price controls and minimum wage increases were not the answer. Thus, adjustments were made soon after President Reagan took office in 1981. Reagan…