Taxation in the United States

Using a Cash Merger to Acquire Minority Shares If the majority shareholders want to buy the shares of the minority shareholders, but it is not feasible to negotiate a separate transaction with each minority shareholder, the following “cash merger” should be considered: a) the majority shareholder(s) of Target form a new corporation “Newco” to which they contribute their Target shares. b) the majority shareholders arrange for the merger of Target into Newco. In the merger, Newco’s name is change…

light of the recent and controversial election of President-Elect Donald Trump, perhaps no economic issue plagues the minds of Americans as much as the Affordable Healthcare Act—colloquially referred to as “Obamacare”. It’s no secret that in the United States, healthcare accounts for a significant amount of government spending “consuming 17.1% percent of the nation’s gross domestic product (GDP) in 2013, about 50 percent more than any other country” (The Commonwealth Fund, 2015). In response to…

The sixteenth amendment is one of the most controversial statements that has aroused the American people with its ability to grant the government to control your financial state and also disable you to do certain things when they need money to use for no good reason. Do you want your money in someone else 's hands? Or do you want your own money to be able to control? The money that is given to the government through taxes is supposed to be used to support foreign affairs and have the…

FROM WASHINGTON STATE TO OREGON STATE Introduction Tax policy is one strategy that states have to increase their competitiveness. From the 50 states nationwide, only five states do not impose sales tax or have a 0% sales tax rate; they are Alaska, Delaware, Montana, New Hampshire and Oregon. Without sales tax, people can buy in these five states without spending extra money on tax and they can have extra ‘money’ for saving or spending on other goods. Compared to some other states, they mostly…

I had my first credit card when I was in high school, I wasn't expecting to be accepted for the credit card because I haven't really established my credit score yet. When I got my credit card I was really excited and I went shopping every weekend with my friends and went out to eat with them at least once a week. This was the end of the junior year and finals started coming up and I ended up eating out a lot and spending more than I should’ve. Then slowly but surely, throughout the rest of…

Arts organizations often operate in a not-for-profit environment. In brief, not-for-profit organization is an organization that does not seek profit. It is obvious that not-for-profit organizations cannot be operated without “profit” and most of the not-for-profit organizations do commercial activities. However, any profit must return to the organization to support their mission in a not-for-profit organization. The goal of a not-for-profit organization may be its mission, not just money. The…

Australia 3. Legislative,executive and judicial power 4. Legislative power writes the law 5. Judicial power and executive checks these new laws. 0 6. Common wealth of federal state Local shire,city,rural city 7. Common wealth government can make financial grants to a state or a territory and specify how the money is spent. 8. State government makes laws that affect most areas of our lives,such as health,education and transport 9. It can restrict or expand the powers of local government and take…

all men are created equal. America claims it’s a “melting pot” or a “nation of immigrants”, but we don’t willingly accept immigrants here in the United States. Discrimination in America is illegal but it is still widespread. Immigrants are usually seen as a threat, are treated unfairly, and are discriminated against. Immigrants come to the United States wanting to seek a new home but instead they are told to assimilate, blamed for economic crises, and told to be deported back to their country.…

The Internal Revenue Service (IRS) is an agency included under the Department of the Treasury. It is one of the most proficient tax administrators in the world. The function of this bureau is to collect the appropriate sum of tax revenue, as legislated by Congress, at the least amount of cost. In fiscal year 2015, the IRS collected nearly 3.3 trillion dollars in taxes. For every one hundred dollars collected, the IRS spent only 35 cents. The mission of the IRS is to provide American taxpayers…

amendment which grants the federal government the power to collect income taxes. To begin this discussion, it is important to note that taxation is theft, but if there is one lesson to take from America’s history, it is that taxation (or a mechanism to raise revenue in general) is vital to a healthy and functioning government. It is a necessary evil. Even though taxation may be necessary, the income tax…