ImRetiree Preference is towards 3% tax on retail sales. The ratio of tax distribution is most equitable in retail tax. I believe that every individual is responsible for contributing to the nation’s tax revenue despite age‚ but I believe that retirees should have the least contribution as they have already paid their dues to society from all the years they have previously worked. With this in mind‚ the retail tax is the fairest solution due to it being the most equal in distribution. Each group
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legislators sometimes attempt to raise revenue by imposing unusually high excise taxes on cigarettes‚ liquor‚ gambling‚ and so on. This type of charge‚ often called a "sin tax‚" appeals to voters who view it as a way of discouraging consumption of certain objectionable products. It reduces the income of the buyer.Lowers profits for the seller‚ and leads to reduced investment‚ wages‚ and jobs.It is not likely to seriously discourage consumption habits when those habits are intensely desired.It
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Electronic cigarettes are modern devices that are beginning to make smoking look fashionable again. Companies of the products trick consumers by claiming the products are safe‚ and offer lower prices as a way to reel in their customers. The consumers do not know that they are falling into a marketing trap. As electronic cigarettes are becoming increasingly popular and acceptable‚ more individuals are using the devices as a substitute to traditional cigarettes. The devices are used to inhale nicotine
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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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Tax evasion Definition Tax evasion is an unlawful practice which has the effect of reducing the government revenue needed for the provision of infrastructure‚ public services and public utilities. (Otosanya ‚ 2009). Spicer (1975) also stated that‚ tax evasion “ tax evasion result in a loss of tax revenues‚ impair the chances of realizing the distributional or equity goal of taxation‚ and if they become widespread‚ as they have in recent times‚ then more tax payer‚ may lose faith in the tax administration
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Lucile Poitevin Who was more responsible for the Cold War? The Cold War was an undeclared and nonviolent War between the USA and the USSR. There are different points of view to the date of the beginning of the Cold War by the historian. They argue that it started in July 1945‚ at the Potsdam Conference. Others argue that the dropping of the atomic bomb in August 1945 was the actual start of the Cold War. To open up‚ we are going to observe how the USA was more responsible‚ to follow we are going
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alternative is the e-cigarette. These are battery powered devices that have a heating aspect that vaporizes a liquid nicotine blend. Medical experts know that the e-cigarette industry is trying to steer smokers away from tobacco‚ but a study in 2013 published in the journal Addictive Behaviors showed that smokers who used these E-cigarettes while they were trying to quit either became hooked on the E-cigarettes or found their way back to smoking. Also‚ the devices are marketed to the youth who have not smoked
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of Smoking Cigarettes In this life many addictions or temptations can jump their way into the paths of many people. For example‚ some people get addicted to drugs‚ alcohol‚ and also money. Staying away from these day to day temptations is tough but is crucial to having a healthy lifestyle. Being a little more specific‚ people can get addicted to smoking cigarettes. Cigarettes contain nicotine‚ which is what people get addicted to and makes them want to have more. Smoking cigarettes can take a
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cut down such duties and levies. It seems that government might have to collect more money either through VAT (Value Added Tax) or from direct taxes. In Bangladesh VAT introduced in 1991 by replacing the sales taxes is still known as the vital reform in Bangladesh revenue structure. The remaining potential sector is the income taxes sharing almost all taxes coming through direct sources. Tax base is too narrow and the tax law is full of exemptions and allowances. Agriculture sector provides employment
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Introduction Cigarette smoking is now becoming a big issue throughout the world and especially in the Philippines. Because of this‚ the researchers finds it interesting to make a research paper about it. The researchers wants to know the cause and effect of cigarette smoking amongst her fellow student in Agoo Montessori Learning Center and High School Inc. The researchers think that everyone knows the side effects that the cigarette is giving to its user but the hardest thing to understand
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