Proportional tax

I have provided my analysis on important audit and accounting issues of the Youth Singers below: This audit engagement will be high-risk due to the following factors: - YS is a new client therefore we are not familiar with their routines. - YS has never been been audited before therefore, any information about internal controls or management support cannot be obtained through previous auditors. - Segregation of duties is doubtful. One person is in charge for routine operational activities. -…

This is strongly supported by French economist Thomas Piketty, who wants to tax the rich to improve public education. He remarks that “If we want to have more growth in the future and more equitable growth in the future, we need to put more resources in the education available to the bottom 50 percent or bottom 80 percent of America”…

Income redistribution is the redistribution of wealth through social systems such as taxation, fiscal policy and social welfare to distribute wealth to people who have less. It has been a long-time method to decrease the amount of income inequality that has been applied to United States, Germany, and Sweden causing them to reap the benefits. This make me strongly believe that the Australian government should increase the amount of income redistribution. Income redistribution promotes a sense of…

savings plan called a 401K. This plan allowed employees to invest their hard-earned monies in a retirement account on a pre-tax basis. The only caveat was they had to keep their monies in said account until the age of 59 1/2 to avoid an early withdrawal penalty. Understanding Complicated 401K Withdrawal Rules After 40…

hope is tax breaks, for example, say you pay 100,000 dollars for a house, say you pay 1 thousand dollars a month, your taxes can decrease a little bit, but say a rich person buys a house for the same price and pay the same amount per month, he gets a bigger tax break than you would and that is unfair to the middle class. My last hope for America, better veteran appreciation.…

Should the American government redistribute wealth? This is one of the many issues we are facing as a country today. “There are two sides to every story", as people quote often and that's the way it is in politics also. There are advantages and disadvantages to redistributing the wealth in the United States. It's important to look at both sides and then make our decision. “Redistributing the wealth in the country means that we are transferring income from one person to another and vice…

important experiments to increase the When the IRS calculates how much you owe in taxes, it uses marginal income tax brackets, based on the amount of taxable income you earned in a year.”productivity…

Sarah Anderson et al. answered “Yes” to the issue “Are U.S. CEOs paid more than they deserve?” in her article. She pointed out that the U.S tax code allow top corporate executives and financial leaders to avoiding paying their fair share of taxes and allow corporation to claim unwarranted deductions for exorbitant executive pay. Corporations could over pay corporate executives which including CEOs so that they could avoid paying income taxes. According to research at Equilar, which find out that…

California Corporate Reinstatement Our clients constantly come to us with two main questions: “Why am I suspended with the Franchise Tax Board?” And “How do I revive my business?” When a California business is suspended, the entity has lost all its rights and privileges and cannot legally operate until the corporation or LLC has been reinstated. During this suspension period, the entity is required to close its doors and stop all business related activity. In order to once again achieve good…

Poland is a small country compared to the US and is less wealthy. For starters, Poland has 38.53 million people—a tenth of the number of people living in the US. When viewing Poland’s health care spending there is a drastic difference compared to the United States. This being due to a smaller population which does not allow Poland to spend a mass amount of money on their healthcare system. They also have less people to pay taxes for them to be able to spend as much as the United States does on…