For over two hundred thirty years, the United States of America has thrived on life, liberty, and the pursuit of happiness as set forth in the Declaration of Independence. It is these same values which American voters attempt to illuminate, keep, and prolong. Congress, however, can create laws which block those same values our founders laid down. America’s job is to prevent that from happening by electing people to represent them in government. The people vote for those whom they think will best…
Washington is another great example of how much revenue can come from the legal sales of marijuana in a year. Washington sold more than two hundred and fifty million dollars’ worth of marijuana and of those sales sixty two million dollars of excess taxes were made, therefore dubbing the prediction of thirty million dollars in taxes. These numbers seemed promising to Organ and Alaska, as both the states are predicted to legalize weed in 2015. Although a facial year has not passed since marijuana…
Although the Eighteenth Amendment was not passed by the United States Congress until 1919, the idea of outlawing alcoholic beverages originated around the 1830s. Much of the educated population believed that alcohol consumption was linked to poverty, violence, and low levels of productivity, which subsequently caused the Temperance Movement to grow in popularity (Hoyt). Temperance is the belief that individuals should enjoy healthy activities in moderation while completely abstaining from…
the time of death, each and every American Citizen pays income taxes. To fully understand taxation, a citizen must look into the past, the present, and the future of taxes. The past, the present, and the future situations of taxes can be analyzed to determine the purpose of the taxation system in the American society. What is the past, the present, and the future of taxes in America? In the past taxes have been a touchy subject. Taxes in the early colonies could be seen as a breaking point…
The European Union’s trade regulation, set between the countries that are within the EU, entitles all the countries within the EU to trade without any barriers in place this affects all member states. However, NAFTA on the other hand is strictly an agreement that is set between Mexico, United States, and Canada. NAFTA stands for North American Free Trade Association; this had been created in the year 1988. One of the main points that will be covered in this assignment will be how these…
20% surcharge included. In addition, the state sales tax in Colorado for any retail purchase is currently 10% but an extra 2.39% is added to any retail purchase of the drug, making the sales tax on a purchase 12.39%. The fact that the product is available legally is justifiable and has not deterred buyers from paying the extra taxes and levies. Colorado retail stores have seen sales of the drug exceed $70 million. Medical clinics have posted sales even higher, achieving numbers totaling…
decades is making its imprint in todays most talked about debates. Marijuana is steadily making its comeback and is on the rise among all ages across the United States. Recently states have chosen to take it upon their legislation to legalize medicinal and recreational marijuana. Although marijuana is currently considered a “Schedule 1” drug, many states has looked past that to see the many benefits from this legalization. The amount of demand for marijuana has recently become extremely high and…
If the compensated elasticity of supply of labor is zero, then a tax on labor earnings will have zero excess burden. 16. Lump-sum taxes do not prevent prices from equaling the marginal social cost and benefit of any goods and services. 17. Lump-sum taxes can vary in amount based on income level. 18. A lump-sum tax can distort prices and affect consumption behavior. Multiple Choice Questions 1. A lump-sum tax: a. distorts market prices so that they do not simultaneously equal…
reality television show performance than a composed campaign in his pursuit of becoming the leader of the United States of America. Despite the horse race that this presidential election has become, John Kasich is a candidate with experience and accomplishments, innovative plans for the future, and a charismatic personality. Kasich delivers a mature portrayal of who and what the President of the United…
However, this can be regulated by drug tests, and those that do not require drug tests should expect employees to come to work in a sober state. Alcohol is legal, yet individuals do not go to work intoxicated, therefore, those consuming marijuana are expected the same behavior. Furthermore, it is a common misconception that marijuana is bad for you and causes negative health effects, however…