Category: Tax
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Tax Benefits and Social Security
Lessons from the Stimulus Fight Barnes is skeptical on the effect of less than 40 % stimulus package in the form of tax cuts proposed by President Obamas administration. He admits that the process of Economic recovery has since delayed with the rates of unemployment registering a 9 percent. The writer predicts that the percentage…
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Effect of Soda and Plastic Bag Tax Policies
Within modern society, it is crucial to be acknowledged about the core principles of the economic theory and its implications on every aspect of daily life. According to Mankiw, there are four key economic concepts, including scarcity, supply and demand, costs and benefits, and incentives, which illustrate the underlying reasons for purchasing choices (24). Such…
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Fiscal Policy: Federal Investment and Taxes
Table of Contents Introduction Main body Conclusion Works Cited Annotated Bibliography Footnotes Introduction Fiscal policy is one of the main methods of federal and state intervention in the economy aimed at reducing fluctuations in business cycles and ensuring a stable economic system in the short term. The main instruments of fiscal policy are the revenues…
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A Black Tax Phenomenon: Economic and Social Perspectives
Table of Contents Tension / problem / practical Literature Review Introduction Discussion Conclusion References Tension / problem / practical The topic of black tax has particular disturbing importance for me. My story starts in my motherland, Zimbabwe, in Matare. In my childhood, I realized that proper education and well-paid jobs should be available for all…
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Tax Policy on Cryptocurrencies
The cryptocurrency market is expanding at an alarming rate, and it is estimated that it will surpass the $5 billion mark by 2030. Although investors and big business organizations have tried to evade the influence of cryptocurrency in the market, their evasion might not be sustainable for long. However, the taxing policy imposed on cryptocurrencies…
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Combating Recessions with Spending Hikes Rather Than Tax Cuts
Table of Contents Introduction Government Spending Hikes Tax Reductions Long-Run Multiplier Increaser of Productivity Tax Avoidance The Substitution and The Income Effects Conclusion to the Best Option Conclusion References Introduction The economic recession has a variety of negative repercussions on the economy, including increased unemployment, weak economic development, and reduced investment, among other things. To…
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Tax Reform: Corporate Tax Reduction and Its Consequences
The state, being the most important participant in corporate relations, performs the functions of not only a regulator of organizational, legal, and financial relations but also an active independent player in the financial market. The presence of state regulation allows not only to clarify and regulate the functioning of the corporate sector but also to…
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US Tax System: Deferred Compensation Definition
Table of Contents Introduction U.S. Tax Code and Taxation 401K Taxing Alternative IRS Audit Conclusion References Introduction The concept of deferred compensation is an essential maneuver in order to alter the tax value. Despite the ongoing theoretical synthesis of various aspects of taxation, there is no specific and holistic concept. It uniquely describes the social…
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Tax Reform as a Solution of Economic Problems
In an ailing economy and threats of frequent economic crises, one of the main areas of interest is the idea of tax reforms. Some scholars argue, within the context of classical versus Keynesian economic theories, that the ailing economy is a strong incentive for implementing tax reforms to reduce the risks of financial problems. However,…
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Income Tax versus National Sales Tax
The question of the best kind of taxation system favorable for use has raised great concerns to many people and governments. The purpose of the study is to present information on both systems in order to determine the system that is more favorable for use. From the information provided, then a conclusion will be drawn…