Tobin Tax Essays and Term Papers
Last update: October 1, 2014-
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 -
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 -
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 -
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 -
Goods and Services Tax- Australia
Goods and Services Tax- Australia To uphold a country’s political and economical stability, governments often implement policies. There are many different types of policies that a government would implement to stabilize their country. However, one significant policy that almost every country uses is tax. In particular, Australia and Canada use a value added tax known as the Goods and Services Tax (GST). Australia’s GST policy was introduced by the Howard government and went into effect
Rating:Essay Length: 2,145 Words / 9 PagesSubmitted: January 30, 2010 -
Taxes
Planning for your disability or death can result in lower taxes for business owners. Gift, estate and income taxes can be properly managed with a succession plan. Costs for life insurance and professional fees may be lower under a plan. This strategy can also minimize squabbling among family members and key business managers. Income splitting is one type of planning tool - simply move income to a child or other family member who will
Rating:Essay Length: 808 Words / 4 PagesSubmitted: February 1, 2010 -
Progressive V. Flat Tax
Progressive Tax vs. Flat Tax The United States economy, as known by all, is not in its best shape. One way in which the government gains money is by imposing taxes on people. There are many taxes that are placed on different things that everyone needs or already has. The United States uses a taxation system which is criticized by many. The system used in Progressive Tax; however, many people believe the system of Flat
Rating:Essay Length: 906 Words / 4 PagesSubmitted: February 4, 2010 -
Alternative Minimum Tax
Richard Thomas EK 21 - Macroeconomics Professor Bockino Alternative Minimum Tax (AMT) The Alternative Minimum Tax was originally designed at targeting wealthy persons with crafty tax advisors or a plethora of tax exemptions. What it is, is an alternative tax calculation providing income tax. When this number is calculated (The AMT) you compare your regular income tax and the newly derived AMT. If the AMT is higher then your regular income tax you're paying, you're
Rating:Essay Length: 312 Words / 2 PagesSubmitted: February 5, 2010 -
Income Tax Research
Facts The facts of this case are that Joe Johnson, age 62, suffers from a severe case of degenerative arthritis. His doctor has prescribed him to swim in a swimming pool at least one hour per day as treatment and to prevent any further muscle deterioration. Mr. Johnson has no swimming pools in his neighborhood so he decided to build one at his home. He also had the bottom and the sides tiled in his
Rating:Essay Length: 648 Words / 3 PagesSubmitted: February 8, 2010 -
Tax Law and Accounting
Tax Law and Accounting In today’s society income taxes are something in which almost everyone is familiar. However, the tax law and general purpose of income taxes is something in which the general society gives little thought. In addition, few tax preparers are aware that differences exist between the Generally Accepted Accounting Principles (GAAP) and tax accounting, not to mention the ramifications of avoiding or evading to proper complete the reporting of income taxes. This
Rating:Essay Length: 1,399 Words / 6 PagesSubmitted: February 12, 2010 -
Junk Food Taxes
Abstract The on going issue of battling obesity in America continues to haunt us. It has become a national epidemic and a major topic for controversy. The suggestion of implementing a junk food tax was proposed by several experts. The purpose of the tax was to decrease the consumption of unhealthy foods. This tax would also generate revenue earmarked for relevant causes, such as; improving diet, obesity prevention, and nutrition education. The underlying purpose is
Rating:Essay Length: 1,169 Words / 5 PagesSubmitted: February 13, 2010 -
Property Tax
Property Tax Private property like real estate, usually known as real property, is assessed to give it a value. That value is then taxed. The amount of property tax owed is determined by multiplying the fair market value of the property by the current tax rate. Property must be appraised or assessed periodically to determine whether its value has increased or depreciated. The tax burden is then adjusted to reflect these changes. For example, if
Rating:Essay Length: 824 Words / 4 PagesSubmitted: February 15, 2010 -
Tax Payer’s Bill of Rights
One could go through life in a breeze paying their taxes assuming the numbers were entered correctly. However, one number could be off and one payment missed by ones’ employer. Then there it is, a letter from the IRS telling the taxpayer in big bold letters “AUDIT”. What does one do? Where would one go for advice? Does the taxpayer have rights? And the first thing that goes through ones mind,”money and jail”. Well
Rating:Essay Length: 558 Words / 3 PagesSubmitted: February 16, 2010 -
Accounting for Income Taxes
According to Accounting Theory: Contemporary Accounting Issues by Evans, accountants have developed two alternative approaches to accounting for income taxes, which are the cash method and the allocation method. The cash method is described as a simple and direct approach. The amount of income taxes actually paid for the year is reported on the Income Statement. The amount comes from the firm’s income tax return and fit is not adjusted in any way. Therefore, the
Rating:Essay Length: 1,244 Words / 5 PagesSubmitted: February 19, 2010 -
Increasing the U.S. Gas Tax 20% to Increase Natural Gas Supplies Will Boost Economic Development and Will Promote Environmental Protection,
Proposal Increasing the U.S. gas tax 20% to increase natural gas supplies will boost economic development and will promote environmental protection, while ensuring more stable prices for natural gas customers. Most importantly, increasing natural gas supplies will give Americans what they want reasonable prices, greater price stability, and fuel for our vibrant economy. However, without policy changes to natural gas supply, as well as expansion of production, pipeline, and local delivery infrastructure for natural
Rating:Essay Length: 1,108 Words / 5 PagesSubmitted: February 23, 2010 -
Exxon Mobile Windfall Tax
Every consumer who operates a car, heats a home, or travels has felt the pain of higher energy cost. Increasing energy cost has left consumers with less money in their pockets but a few companies have benefited with soaring profits with no end in sight. A prime example of record-breaking profits is Exxon Mobile who only has one-tenth of the oil market in the United States. This past quarter, Exxon Mobile posted the highest profits
Rating:Essay Length: 344 Words / 2 PagesSubmitted: February 28, 2010 -
Tax Law: A Broader Perspective
Paper 1 Tax Law: A Broader Perspective Edith Smith University of Phoenix ACC/ 483 Accounting for Income Taxes Professor Eric Knight Week One April 10, 2006 Paper 1 Tax Law: A Broader Perspective Edith Smith University of Phoenix ACC/ 483 Accounting for Income Taxes Professor Eric Knight Week One April 10, 2006 Paper 2 Taxes and the Law: A Broader Perspective Taxes are everywhere and exist as a vital part of national structure, both
Rating:Essay Length: 1,101 Words / 5 PagesSubmitted: March 16, 2010 -
Irish Tax
Introduction Income tax was first extended to Ireland in 1853 by Gladstone who was Chancellor of the Exchequer at the time. Economists and political theorists differ slightly in identifying and classifying the criteria that are used to evaluate systems of taxation and individual tax measures but they seem to be in agreement that equity, efficiency and simplicity are all beneficial characteristics of a “good” tax system. For raising public finance in most modern economies, taxation
Rating:Essay Length: 5,711 Words / 23 PagesSubmitted: March 19, 2010