Income Tax Essays and Term Papers
Last update: September 6, 2014-
The Effect of a Capital Lease on Operating and Net Income
The effect of a capital lease on operating and net income is different than that of an operating lease because capital leases are treated similarly to assets that are purchased; that is, the company is allowed to claim depreciation on the asset and impute an interest payment on the lease as tax deductions rather than the lease payment itself. The imputed interest payment is computed by assuming that the lease payment is a debt payment
Rating:Essay Length: 324 Words / 2 PagesSubmitted: December 5, 2009 -
The Fair Tax Plan
The Fair Tax plan is a comprehensive proposal that replaces all federal income and payroll taxes with an integrated approach including a progressive national retail sales tax; a rebate to ensure no one pays federal taxes up to the poverty level, dollar-for-dollar revenue. This non-exclusive legislation puts an end to all federal, personal gift, estate capitol gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes and replaces them all with one simple federal retail
Rating:Essay Length: 402 Words / 2 PagesSubmitted: December 6, 2009 -
Marital Allocation of Income Earning Responsibility, Job Shifts and Men’s Wages
RESEARCH QUESTION: The author is attempting to integrate studies of the marriage effect on men’s wages to the literature on the division of labour within the household. Gorman wants to examine the link between marital status and men’s wages. To focus her argument she makes it clear she will be looking at men’s job shift patterns and how they relate to their earning capacities. The author makes her intent very clear early on in the
Rating:Essay Length: 3,022 Words / 13 PagesSubmitted: December 6, 2009 -
Price/income Elasticity of Demand
In the ever-changing economy, staying competitive and increasing revenue is a constant battle. Understanding the economics is a main key in remaining or becoming successful in the market. Many tools aid in making economic decisions such as whether to increase or decrease price and understanding income versus demand. The following information will provide insight on using the price elasticity of demand to determine whether to increase or decrease price and using the concept of income
Rating:Essay Length: 341 Words / 2 PagesSubmitted: December 7, 2009 -
Case Study Review Using Source Tax Documents
Dr. Tooth, a dentist from Small Town, USA, has been awarded $3,600,000 from a jury verdict due to a former patient spreading a cruel rumor about him, after having a billing disagreement. The rumor destroyed the dentist’s patient base, which caused him financial strain. After the rumor was spread and financial strain set it, the doctor’s health began to suffer. Dr. Tooth then sued the patient for defamation and intentional infliction of emotional distress. Dr.
Rating:Essay Length: 550 Words / 3 PagesSubmitted: December 8, 2009 -
Illegal Immigration and the Tax Burden on California Citizens
The state of California possesses nearly 32% of the illegal immigrant population in the United States. The debate of our border with neighboring Mexico has grown into one of the biggest issues facing the United States in the last few years. Unfortunately, there has been no reform in our border policy and as a result California citizens suffer more economic burden each year this problem continues. Education, medical care, and incarceration of illegal aliens are
Rating:Essay Length: 658 Words / 3 PagesSubmitted: December 10, 2009 -
The Relationship Between City Taxes, Political Types, and City Growth
The relationship between city taxes, political types, and city growth Christopher B. Colburn Associate Professor Economics Department Old Dominion University Norfolk, VA 23503 email: ccolburn@odu.edu fax: 7-683-3569 and Suganya Utanskul Graduate Student Economics Department Old Dominion University Norfolk, VA 23503 Draft copy, not for quotation without authorЎ¦s permission. Paper to be presented at the Public Choice Society Meetings, Baltimore, MD, March 2004. Abstract While there has been much research on the relationship between so called
Rating:Essay Length: 1,703 Words / 7 PagesSubmitted: December 10, 2009 -
Flat Tax Pro
Imagine yourself a hard working citizen of the U.S, working overtime and advancing in your career. You get punished by the IRS because you don’t lead a sedentary lifestyle. What lesson does this teach, are we supposed to be lazy? The current system established in 1913 by a constitutional amendment, has become outdated. Furthermore, it is an infeasible, unenforceable morass. Every good economist, conservative or liberal, from Keynes to Lockwood, has agreed on the three
Rating:Essay Length: 533 Words / 3 PagesSubmitted: December 10, 2009 -
Salary Caps, Luxury Taxes, and Revenus Sharing
Salary Caps, Luxury Taxes, and Revenue Sharing Professional sports, as enjoyable as they may be, are plagued with constant disagreements over money. Money, not necessarily in terms the exchange between players and management, but over how money should be distributed throughout the teams. In this disagreement there is talk about revenue sharing, luxury taxes, and salary caps, which all tie into the issue of competitive balance. To come to a conclusion on this issue both
Rating:Essay Length: 1,445 Words / 6 PagesSubmitted: December 10, 2009 -
War on Drugs: A Waste of Tax Dollars
War on Drugs: A Waste of Tax Dollars Illicit drug usage is a serious problem facing the U.S.; so far the government has been unsuccessful in finding an effective solution to this national crisis. As of now, the vast majority of governmental funding to solve the issue is going towards military operations in South America to stop the problem from the source, the growers and traffickers. This might seem like a reasonable ploy, to stop
Rating:Essay Length: 1,874 Words / 8 PagesSubmitted: December 11, 2009 -
Gift Tax
Gift Tax One of the taxes that we went over in class was gift taxes. This is a tax that is implied when property, personal items, or money with a value of over 10,000 dollars is given from one person to another. There are a few exceptions to this law such as giving to non-prophit organizations or the donation is going towards an education or tuition. I feel that this is a good tax
Rating:Essay Length: 474 Words / 2 PagesSubmitted: December 13, 2009 -
The Fairtax Plan: The Right Plan for Tax Reform
The FairTax Plan: The Right Plan for Tax Reform The FairTax Plan: The Right Plan for Tax Reform April 15th of any given year is the most dreaded day for most taxpaying Americans. This one day is more stressful than the day the taxpayer turns 50 years old or the day of his daughter’s wedding. April 15th is tax day. Every American who earns a wage has the unenviable duty of filing a form 1040
Rating:Essay Length: 1,097 Words / 5 PagesSubmitted: December 15, 2009 -
Income
With the average American having a disposable income of $28,277, it is no wonder America has become the consumer nation that it is today (census.gov). In the past nine months American economy has shown an economic growth of 5.6%. Improvements in work industry are providing higher-paying, more permanent jobs than before, with less than 10% of new jobs created in 2005 being temporary (economist.com). With better employment opportunities and steady economic growth, America will become
Rating:Essay Length: 580 Words / 3 PagesSubmitted: December 15, 2009 -
Legal, Ethical, and Tax Issues - B2b Vs. B2c
Legal, Ethical, and Tax Issues B2B Vs. B2C E-Business is growing faster than most predictions and is anticipated to continue to grow. To most consumers, web access is a natural piece of all business and is expected. Some applications, like bill paying over the Internet, have been successful beyond anyone's imagination and it just continues to grow. With growth of possibilities as the Internet reaches higher depths, there are very serious issues for businesses using
Rating:Essay Length: 693 Words / 3 PagesSubmitted: December 17, 2009 -
Income Elasticity of Demand
Income Elasticity of Demand The Income Elasticity of Demand measures the degree to which consumers respond to a change in their incomes by buying more or less of a particular good. The coefficient of income elasticity of demand is determined with the formula: (% change in quantity demanded) / (% change in income) (McConnell & Brue). Income elasticity of demand is used to see how sensitive the demand for a good is to an income
Rating:Essay Length: 283 Words / 2 PagesSubmitted: December 19, 2009 -
Tax Introduction
CHAPTER ONE - INTRODUCTION HISTORICAL BACKGROUND: 1917 - Income tax first introduced in Canada as temporary measure to finance Canadian troops in World War I. Jan 1, 1972 - Major revisions to Income Tax Act and introduction of taxation of capital gains. 1988 - Significant changes to personal and corporate taxation, including conversion of many personal tax deductions from income to income tax credits. (effectively increasing taxation for all but low rate individual taxpayers) AUTHORITY
Rating:Essay Length: 1,116 Words / 5 PagesSubmitted: December 19, 2009 -
Effects of InCome On Children
The effect of a family’s income on an elementary school child’s educational achievement has been controversial for many years. Researchers have argued the correlation between the variables, increasing the need for further testing in recent years. While studies are still ongoing, the new research has shown that there is in fact a significant link between economic disadvantage and an elementary child’s educational achievement. Past research has argued that a family’s income could not play a
Rating:Essay Length: 893 Words / 4 PagesSubmitted: December 25, 2009 -
Free Incoming Calls for Lifetime on Cellphones
'Incoming free for lifetime' is the latest mantra of telecom service providers in India. The launch of prepaid cards with lifetime validity for incoming calls is just another attempt to chain customers to a single service provider for life! In India, about 78 per cent of the mobile users are prepaid cardholders and this segment is growing at a very fast pace. And telecom operators are now wooing this segment with newer offers. According to
Rating:Essay Length: 1,210 Words / 5 PagesSubmitted: December 25, 2009 -
Tax Law and Accounting Papaer
Tax Law and Accounting ACC/483 Income Tax Accounting Joshua Montgomery 5/19/2008 Tax Law and Accounting Paper There has been some wide controversy within the accounting field between tax law and accounting under the General Accepted Accounting principles, GAAP. The Internal Revenue Service tax code does not always agree with the regulations published by the GAAP. The IRS has published some of its own statutes that govern tax accounting and laws. When studying tax law and
Rating:Essay Length: 1,377 Words / 6 PagesSubmitted: December 29, 2009 -
Tax System Automation
Introduction: The Ready Made Garments (RMG) industry is the most important sector driving the economy as a whole. During the last fiscal year, the RMG’s total export worth was $9.2 billion. In context of Bangladesh’s total export, RMG’s contribution is approximately 76%. Over the years, this sector has had around 18% growth rate. The RMG sector faced several problems in the last fiscal year of 2006. In May 2006, there was labor unrest and the
Rating:Essay Length: 492 Words / 2 PagesSubmitted: December 31, 2009 -
Taxes
Taxes In today’s world, the majority of our government’s income comes from taxation. Taxes are required payments of money to various local, states, and federal governments, and they are used to provide public goods and services to benefit our communities. The government uses the income it receives from the taxpayers to provide us with proper infrastructure and social services for little or no cost at all. These services include Medicare, Social Security, education, highways and
Rating:Essay Length: 852 Words / 4 PagesSubmitted: January 1, 2010 -
Tax Law & Accounting Paper
Tax Law and Accounting Sue Abraham University of Phoenix Tax Law and Accounting The word “tax” did not become a household name until the late 1800’s when congress created the nation’s first income tax law. Prior to this law the government used tariff’s and imported goods to help support the economy. However, in order to bring in more revenue to help cover the costs of the civil war the government had to make necessary
Rating:Essay Length: 895 Words / 4 PagesSubmitted: January 3, 2010 -
The Implementation of Tax Increment Financing as an Economic Development Policy
The Implementation of Tax Increment Financing as an Economic Development policy By: Randy L. Jacobs, J.D. ABSTRACT: With Tax Increment Financing (TIF) a municipality pays for economic development expenditures out of future increases in tax collection. The TIF method has achieved widespread popularity as a funding source to finance local infrastructure investment and improvements; however the TIF program has several shortfalls and many critisms. This paper will focus on the criticism that TIF programs are
Rating:Essay Length: 4,765 Words / 20 PagesSubmitted: January 18, 2010 -
Flat Tax and Fair Tax
The federal income tax was established in 1913 and since then it has become so complex that it requires millions of Americans to seek professional help every year. In addition to that, an expensive federal bureaucracy is required to enforce and administer the tax. The tax law was created to provide programs and services to the people that people wouldn’t want to pay for themselves. And through the tax system, we pay for these services
Rating:Essay Length: 2,441 Words / 10 PagesSubmitted: January 20, 2010 -
Cigarette Taxing - the Effect on Our Society
Cigarette Taxing: The Effect on our Society Cigarette smoking is said to be the most over-practiced addiction in the world. So, why do people continue to use them? Well, there are many reasons as to why, some of which can not be answered, but one reason is because the tax on cigarettes are too low and are still affordable for people to buy. Taxing cigarette's would not only increase the prices to an extreme level
Rating:Essay Length: 361 Words / 2 PagesSubmitted: January 22, 2010