Excise Taxes Definition of ’Excise Tax’ 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the Internal Revenue Service (IRS). 1. Excise taxes are considered an indirect form of taxation because the government does not directly apply the tax. An intermediary‚ either the producer or merchant‚ is charged and then must pay the tax to the government. These taxes can be categorized
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relevance of Adam’s Smith canons and justify what other attributes I believe a good tax system should have. Formally‚ tax is defined as an involuntary fee enforced by the government in order to finance its activities. However‚ some perceive tax as the price we pay to live in a civilised society and it is a fundamental part of any developed economy. (Oliver Wendell Holmes) From my point of view‚ the purpose of tax is to fund the government‚ incentivise certain behaviour in order to achieve economic
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Medication Administration The intended use of medications is meant to improve a person’ health‚ it is very important the individual administering medication or self-medicating use the drugs correctly‚ by following the doctors’ instruction for the medication prescribed. Medication is given to diagnose‚ treat‚ and prevent illness. Medication can be very dangerous‚ which can potentially cause harm or even deaf if it’s not used properly. Administering medication requires the understanding of how the
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“Fat Tax” Not a Panacea “Obesity now contributes to the death of more than 360‚000 Americans a year. The incidence of childhood obesity is now at epidemic level. Alarm bells are going off all over the place. But our government has done virtually nothing.”- Tom Harkin. Obesity is a medical condition in which excess body fat has accumulated to the extent that it may have an adverse effect on health‚ leading to reduce life expectancy and/or increased health problems (Wikipedia). To cut that number
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Smokers and the tax The fallacy in the proposed higher tax on cigarettes is the belief that the number of smokers will be reduced if the price of the smoke goes up beyond their reach. This may well be true if there were no cheaper and better-tasting substitutes which are taxed. However‚ there are a lot of reasons for smokers should pay a health tax. First‚ smoking is unhealthy. Therefore‚ people should care about themselves and think about other people around them. Smoking cause a lot of diseases
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Executive Summary The purpose of this report was to analyze the ’alcopops’ tax with related economic theory and outline the main issue and identify the key stakeholders. Also‚ the report will provide solutions and alternate recommendations. This report is based on news article provided from teachers which are about ’alcopops’ tax. Findings portray that alcopops are especially popular among teenagers and the imposition of the tax is not effective for young people due to they can find other sustitubes
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Carbon tax is an environmental tax levied on the carbon content of fuels. It is a form of carbon pricing. Carbon is present in every hydrocarbon fuel ‚ such as coal‚ petroleum‚ and natural gas. It is then released as carbon dioxide (CO2) when they are burnt. In contrast‚ non-combustion energy sources—wind‚sunlight‚ hydropower‚ and nuclear—do not convert hydrocarbons to CO2. CO2 is a heat-trapping "greenhouse" gas. Scientists have debated and discussed the potential effects on the climate system of
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The Philippine Women’s University and its Affiliate School for Men and Women SCHOOL OF DISTANCE EDUCATION Learning Modules in ADMINISTRATIVE PROCESS IN NURSING In Partial Fulfillment of the Requirements For the Degree: Master of Arts in Nursing By: ALDRIN IAN ALPE‚ RN To: PROF. AGATON ALZATE
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The belief system of the people influences the way they think‚ feel and see things in relations to people of other religions. Unfortunately‚ Nigeria is a country that is continuously weighed-down by religious burdens. Sustainable religious-peace across Nigeria have been aborted times without number due to the recurrent cases of religious conflicts. As this religious conflict lingers and rears its ugly head in different parts of the country‚ it continues to direct and influence the perception of the
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MEMORANDUM TO: Dr. Green FROM: Kecia Carter DATE: November 28‚ 2010 RE: Tax Memo #1/Gambling Activities Issue #1 Dr. Green is a practicing physician in Chicago who‚ as an avid blackjack and slot machine player‚ travels to Las Vegas bi-weekly to gamble. He would like to know what criteria are used to determine whether his gambling activities constitute a trade or business for federal income tax purposes and whether or not you think his gambling activities qualify for trade or business
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