Taxation in the United States

delivery to bring down the long-term growth in costs. However, proponents of the ACA argue that ACA is set up to doing just that. The future will decide! In the end, there are no easy answers when it comes to controlling health care costs in the United Sates. As Dr. Whitlock pointed out, there is a reason why we don’t have a single payer system. The question is whether or not we want to remain a capitalist society. Nonetheless, several efforts have been made in past to try to address the cost…

domestic country of a company taxes the company on it’s overall income including income that was earned through foreign business transactions. The United States uses a worldwide approach taxing all US companies on all income earned. “The primary problem is that this does not address the income earned by foreign firms operating within the United States” (Moffett, Stonehill, & Eiteman, 2015, p. 355). The territorial approach is then used. The territorial approach of taxes is…

choose, freedom of faith and religion, but we all share the tax burden of religion, even if we choose not to practice it. The First Amendment of the United States Constitution clearly states churches are separate from the government. The First Amendment also states the freedom to express religion, but it is not free if we are all paying for it through taxation. We all pay taxes for the beliefs of others. The government should be treating religious believers and nonbelievers equally. Allowing…

practiced in different forms since ancient times and only until recently have people become aware of the health hazards associated with smoking and tobacco use. Currently, smoking is considered the single leading cause of preventable deaths in the United States. Governments around the world aim to improve the health of their citizens by discouraging them from smoking. Policies and laws are instituted that aim to achieve a reduction in smoking rates mainly by limiting the appeal of cigarettes…

Americans Should Be Asking Are American’s walking around on a sugar high from their sugary food and drinks? This is the debated question posed to Americans today on whether there should be a large sugar tax placed on sugar consumption in the United States. There is no doubt that high doses and high consumption of these sugary drinks are damaging to the health and something at a national level can be done to possibly deter or lessen the consumption of these sugary foods and drinks would benefit…

For over a century, churches have been exempt from paying taxes. With the decline of religious association in the last several years and the advancements in American society, the validity of tax exemptions has been questioned. Some people believe that organizations that are exempt from paying taxes are given an unfair advantage over organizations that are required to pay taxes. Others believe that tax exemptions are necessary for such organizations. There are many different viewpoints on the…

IRS Burdening United States Citizens The Internal Revenue Service is seen negatively by many United States citizens. The agency is seen as a bully or a thief by many taxpayers. The IRS has a poor reputation from various scandals and poor treatment of taxpayers. The agency is well known for its use in scandals such as the Watergate Scandal and improper screenings. There are claims of the IRS using blackmail and harassment to force people to pay their taxes. This lead to many taxpayers to be…

progressive tax system 2.9 million new jobs were created in just 2014. A prime example of the lackluster effects of flat tax to bolster the economy are several Eastern European states whom adopted a flat tax system in the late 1900’s or early 2000’s. After support for communism declined in the late 1900’s, several Eastern European states (Estonia in 1994, Slovakia in 2004, Czech Republic in 2008) adopted a flat tax. However, flat taxes failed to significantly help the economic situation of…

is approximately 40 percent, which includes 35 percent of federal corporate income tax rate and about 5 percent of state and local income tax rate, which depends on which state the corporation conducts business. According to Tax Foundation, the top three countries where has the highest marginal corporate tax rate among 173 countries are the United Arab Emirates, Chad and United States. And U.S also has the highest corporate tax rate in OECD. The average corporate tax rate in the world is 22.9…

Tennessee to New York. The U.S. Energy Information Agency (EIA) estimates that 1,953 billion cubic feet of recoverable reserves lie beneath the shale sediment. (U.S. Energy Information Administration, 2012) The EIA estimates that shale basins in the United States have a potential to produce from 500-1,000 trillion cubic feet of natural gas (U.S. Energy Information Administration, 2012). Natural Gas production has risen so dramatically that the U.S. imports fell to just 4% of its energy…