II. Criteria for Evaluating a Tax Structure Adam Smith -canons of taxation Equality Convenience Certainty Economy III. Tax Structure Tax base: Tax rates: Incidence of tax: Examples: Income $10 $20 $30 $3 (30%) $6 (30%) $9 (30%) $3 (30%) $7 (35%) $12 (40%) IV. Major Types of Taxes Property Taxes Transaction Taxes Death Taxes Gift Taxes Income Taxes Employment Taxes Other U.S. Taxes V. Formula for Federal Income Tax on Individuals Figure
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uncommon for us to take in meals which are often full of saturated fats. In order to alleviate this problem‚ one useful way is to introduce ‘fat tax’ on foods high in saturated fat. In 2011‚ Denmark has implemented the world’s first fat food tax‚ levying a surcharge to food with more than 2.3 percent saturated fats. According to the Associated Press‚ saturated fats may lead to cardiovascular disease and cancer. In an effort to reverse this trend in Hong Kong‚ it is vital for our government to take this initiative
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The Slave Across the Street Introduction The Slave Across the Street‚ written by Theresa Flores and published by Ampelon Publishing in 2010‚ tells the story of the authors struggles as young trafficking victim in her suburban town. The title of the book connotes a close proximity between a possible slave and the reader; and in fact the story demonstrates how close anyone can be to a victim of trafficking—even in place everyone would consider safe. The table of connects effectively breaks down
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TAX MANAGEMENT [pic] LESSONS FROM HISTORY Lessons From History [pic] Taxes are as old as recorded history. They are mentioned in ancient Sumer around 3‚000 B.C. Tithing‚ the practice of pledging ten percent of one’s wealth‚ was commonly practice among ancient peoples and still is used today by some religious groups in the United States. Rome collapsed when taxation reached fifty-two percent and when taxes imposed on the colonies reached twenty-three percent‚ that was considered
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Tobacco tax: good for health‚ good for government finances Tobacco use kills over 5 million people each year and is the largest single preventable cause of premature death.1 Tobacco is very costly to society through high costs to treat tobacco-induced disease or through loss of productivity as a result of the premature deaths. But governments have a tool to combat the costs of tobacco use — tobacco taxation. Higher tobacco prices decrease consumption and encourage people to quit Increasing
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except for personal profession of Business & Capital assets‚ Entities not taxed on distributions. Compute: Ord Income (including Sec 1245 recap); less: Exclusions; liability;(c) profits allocated to owners are not subject to FICA/FUTA(payroll tax advantage); - Exclusions and Deferred Comp less: COGS (result Gross Income); less: Op Exp (including depr‚ sal exp‚ rent exp‚ repairs/maint‚ (d)ownership of S can be ‘gifted’ to children; not with Prop;(e)(HUGE)Gain on sale S-corp stock Gross
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theft‚ though you may not have realized it. Because that’s exactly what the government has done. They’ve gathered a large group of people together to assert that they have the right to take one-third (or more) of your money and that you have no choice in the matter. Should you not give them your money‚ sanctions will be made. First‚ they send you a letter saying all the nasty things they’ll do to you if you don’t give them ‘their’ money. They may make a few phone calls. They may send someone to
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Name____________________________________ Embedded Assessment : Creating and Presenting a Monologue Directions: Complete each part of this handout and bring it to class with you‚ everyday. This will be collected with the final copy of your embedded assessment and will count for part of your grade. Assignment: Your assignment is to write‚ revise‚ rehearse‚ and present an original monologue that demonstrates your knowledge of pantomime‚ inflection‚ word emphasis‚ ways to show emotion‚ and the monologue
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offer as well as present the structure their organizations represent. Product and service designs bear many similarities‚ including their intentions‚ goals‚ and the driving forces that influence them. Conversely‚ service design and product design differ for a number of reasons. Two of these factors‚ tangibility and terms of delivery‚ demonstrate how one can differentiate between the two types of designs. For example‚ products are tangible‚ and services are usually intangible. This leads to the
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Week 5 Problem Solution Set Accounting/547 October 5th‚ 2012 Chapter 15‚ #83 a) Significant tax issues or concerns that may differ across entity types are: * The business structure’s flexibility * Protection of the liability * The time and cost of organizing the entity Significant non-tax issues or concerns that may differ across entity types are: * Lowering of self-employment and FICA taxes * Flexibility of special allocations * Adding new owners b)
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