The Effect on Women’s Representation Since it is established that the culture of a state has an affect on the overall attitude towards women in politics, the next question remains: what effect does this have on the proportion of women getting elected? As seen in Figure 1-Attitudes and Representation, “egalitarian attitudes toward women leaders are strongly related to the proportion of women elected to the lower houses of national parliaments (r = .57; sig. = .01)” (134). The diagram…
iv. Taxation Taxation is one of the methods that many economists support because of its supposed efficiency. Under this method of pollution regulation, a tax rate is set for each standard unit of pollution that is equal to the social cost that pollution creates on society. The firm then has a choice of whether to pay the tax or seek methods to abate pollution. This method provides the firm with the freedom to compare the potential tax with the cost of abatement and reductions in output to allow…
Thank you for approaching Visionary Tax Planners Limited for advice to set up a self-guided walking and hiking tour business called Kauri Hikes together with bed and breakfast accommodation (Kauri BnB) for their short stay guests. However, it is really important to remember that undertaking this suggestion does not preclude you from going down to a particular path, rather it will only assist you to make informed decisions about if the option is likely to go furthest towards satisfying your…
Question 1 If a friend of mine told me that he does not want to take a job that pays more money because he would end up taking less income due to taxes, I would advise him to accept the job offer. I would tell him that because being bumped into the next tax bracket would not have any negative effect on his income. It would happen due to the fact that The U.S Tax Code had been written to be Marginal, what means that one’s income would not be subject to reduction after tax just because they earn…
Question 1: My advice to my friend would depend on what type of tax is being imposed on him. If it’s a non-marginal tax I would advise him no to accept the new job offer. The reason why is the (Unit 2 Video Engager) States, “$90,000 puts you in the 10% tax bracket which means you're paying $9,000 per year in taxes and $100,000 but it puts you in the 20% tax bracket, paying 20,000 a year.” This means that if he accepted this job offer with non-marginal tax rates he would be earning less per year.…
Since the great economic upheaval of the 1930s, the United States federal government has taken the responsibility of alleviating the conditions of the impoverished and destitute via the method of redistributing income. Income redistribution is a medium through which the government tries its best to mitigate the adversities of the financially weak, through the transfer of income from the wealthy to the poor. The advocates of this approach state that it promotes the development of an egalitarian…
of the American people” (TurboTax). The money that we give to the government is our taxes and while they are bothersome towards the citizens in America, they do help out our government. In America, there are three kinds of tax systems, which are proportional tax, progressive tax, and regressive tax. Even though the government thinks these three systems are equal with one another, I don’t think so as the three tax systems are an economic flaw because they focus too heavily on classes of people…
On May 30,2013, there was a Munk debate on Economic Inequality. The one-hour 23mins economic inequality debate with the motion: Be it resolved, tax the rich(more) was hosted by Munk Debates in Toronto, conversed on how societies or advanced countries should respond to the growth of economic inequality including the question of if the rich should be tax more. Arguing for the motion was New York Times columnist and Nobel Prize winner, Paul Krugman and the former Prime Minister of Greece George…
4. Ghana faced a severe flood that was caused by sewage drains being clogged by plastic bags, killing at least 150 people. These plastic bags serve as a concrete symbol of the spending spree Ghana’s rising consumer class has been on over the last decade. Since, Ghana lacks the infrastructure to support the garbage from the increase in spending, the country suffers multiple day blackouts and multiple hour traffic jams, which has stunted the projected growth of the country to only 3.5% this year,…
A proportional tax structure means that the tax rates are essentially the same across different income categories in comparison to regressive tax structures where the lower-income taxpayers experience high effective tax rates than higher income taxpayers (Lee et. al, 136). When it comes to sales tax the City of Haltom has a proportional tax structure because it enforces a local option sales tax of 2% on all retail sales…