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Free research papers and essays on topics related to: income tax

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  • Spending Financed Not By Current Tax Receipts, But By - 1,531 words
    "Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves." , Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing, and predict impending doom, others say it is a safe and stable necessity to maintain a healthy economy. When the U.S. government came into existence and for about a 150 years thereafter the government managed to keep a balanced budget. The only times a budget deficit existed during these first 150 years were in times of war or other catastrophic events. The Government, for instance, generated deficits during the War of 1812, the recession of 1837, the Civil War, the dep ...
    Related: current state, current status, defense spending, federal spending, spending
  • Acceptance Of Homosexual Marriage - 1,033 words
    ... es. If gay couples were allowed to marry, it would set a bad example for children, and could spell the downfall of one of the cornerstones of our society. After all, whats next? Legalizing polygamy? Marriage between brothers? (Hetter 28-31) Hetter displays one belief of a large group of individuals who confuse what is right, and fair for society as a whole, with what is based on her one-sided religious beliefs. It is very difficult for some people to accept a change in things that differ from their everyday life and the way they were brought up. If those individuals could look at same-sex marriage open-mindedly they could see that they have been withholding, a precious right that could s ...
    Related: acceptance, gay marriage, homosexual, homosexual marriage, same-sex marriage
  • Accounting 2 - 949 words
    Accounting 2 PRINCIPLES of ACCOUNTING II (AC202) CHAPTER 12 CURRENT AND LONG-TERM LIABILITIES LIABILITIES DEFINED: A probable future payment of assets or services a company is presently obligated to make as a result of past transactions or events. Fundamentally liabilities are measured by the cost principle however: Liabilities are comprised of known obligations of a definite amount and known obligations of an estimated amount (i.e. warranties) CURRENT LIABILITIES: Obligations expected to be paid using current assets or by creating other current liabilities LONG-TERM LIABILITIES: Obligations not expected to be paid within one year. Includes long-term notes payable; mortgages payable; warra ...
    Related: accounting, working capital, time value, notes payable, principal
  • Al Capone - 367 words
    Al Capone Perhaps the best-known gangster of all time, Al "Scarface" Capone was the most powerful mob boss of his era. He dominated organized crime in the Chicago area from 1925 until 1931, when he was imprisoned for federal income tax evasion. Alphonse Capone was born on Jan. 17, 1899, in a tough neighborhood of Brooklyn, N.Y. He attended school up to the sixth grade. His nickname, Scarface, resulted from a knife attack by the brother of a girl Capone had insulted that left three scars on his face. Capone joined the James Street gang, headed by Johnny Torrio. In 1920 Torrio asked Capone to go to Chicago to work for his uncle, Big Jim Colosimo, head of the city's largest prostitution and gam ...
    Related: alphonse capone, capone, street gang, tax evasion, begun
  • Al Capone Is Perhaps The Best Known Gangster Of All Time And By Far The Most - 945 words
    Al Capone is perhaps the best known gangster of all time and by far the most powerful mob boss of his era. His mob dominated the Chicago area from 1925 to 1931, when he was imprisoned for income tax evasion. This was the only crime the courts could prove against him. He went to jail at Alcatraz for eight years until he became very ill with syphilis and died from the disease in 1947 (URL:http://www.broonale.co.uk/ austria/capone.html 1-3). Al Capone was born somewhere in Brooklyn on January 17, 1899 but knowbody really knows for sure. Capone grew up in a tough neighborhood in Brooklyn, N.Y. He attended school through the sixth grade. He recieved his nickname Scarface during these years as a r ...
    Related: capone, gangster, tax evasion, life story, commission
  • Alphonse Capone And His Rise To Power - 1,247 words
    Alphonse Capone And His Rise To Power During the Capone era many mobsters were in power. As Al Capone grew, he began to associate with many different bosses and was in the neighborhood with many mob run gangs. After being involved and associated with these gangs, Capone then joined one, which just so happen to be run by Johnny Torrio, mobster to become leader of the underworld. There were many influences that helped Capone grow and gain until his rise to power as Chicagos most notorious mobster. One of the most common fictions is that like many gangsters of Capones era, he was born in Italy. "This is untrue, he wasnt born in Italy but was born in New York"(Bardsley 1). "Alphonse Capone was b ...
    Related: alphonse capone, capone, publications international, president herbert hoover, underground
  • Analysis On Bulgaria - 4,272 words
    Analysis On Bulgaria External historical events often changed Bulgaria's national boundaries in its first century of existence, natural terrain features defined most boundaries after 1944, and no significant group of people suffered serious economic hardship because of border delineation. Postwar Bulgaria contained a large percentage of the ethnic Bulgarian people, although numerous migrations into and out of Bulgaria occurred at various times. None of the country's borders was officially disputed in 1991, although nationalist Bulgarians continued to claim that Bulgaria's share of Macedonia--which it shared with both Yugoslavia and Greece--was less than just because of the ethnic connection ...
    Related: bulgaria, district court, separation of church and state, public transportation, music
  • Analysis On Bulgaria - 4,369 words
    ... rry out economic and other activities to satisfy their interests, by mutual aid and co-operation. A co-operative is a legal entity and is deemed a merchant under the Commerce Act. Co-operative members can only be individuals, at least 7 in number. To participate in a co-operative, foreign person should have permanent residence in Bulgaria. Sole Trader - any capable individual, residing in the country, can register as a sole trader. State Companies - they exist under the forms of one-member private limited or joint-stock companies where the quotas/shares are solely owned by the State. These forms of business are established to facilitate the process of privatization of the state companies ...
    Related: bulgaria, special forces, living standards, political parties, branch
  • Areican And French Revolution Revised - 1,392 words
    Areican And French Revolution (Revised) During the late 1700's, two great revolutions occurred, the American Revolution and the French Revolution. These two historical events happened at the same time, but had a great number of differences and very little similarity. When French Revolution occurred, it turned into a very violent and bloody event, while the American Revolution was almost nonviolent, aside from the war. In 1774, King Louis XVI made a decision that could have prevented the French Revolution by breathing new life into the French economy: he appointed Physiocrat Robert Turgot as Controller General of Finance. The Physiocrats were a small band of followers of the French physician ...
    Related: american revolution, french economy, french revolution, death penalty, private property
  • Australian Capitalism And Gst - 1,043 words
    Australian Capitalism And Gst On the 13th August 1998, the Prime Minister, The Hon John Howard MP held a press conference at Parliament House to launch the Federal Government's tax plan for Australia's future. The plan incorporates significant historic changes to the Australian taxation system, which are to be guided by five key principles. The key principle of the Federal Government's tax reform proposal that is creating speculation and debate is the introduction of the Goods and Services Tax, commonly known as GST. This consumption tax has come under intense public and political scrutiny and questions have been raised as to the economic fairness of this proposal. According to Macionis and ...
    Related: australian, capitalism, education system, income tax, restructuring
  • Australian Capitalism And Gst - 1,033 words
    ... of a consumption tax on food can only worsen the effects a capitalist economy has on Australia's population. The Warren/Harding modelling (estimate of the impact of the GST) for the Senate Inquiry, confirms this. It shows that keeping food GST-free would make a major beneficial difference for low income households, especially pensioners and low income families. (ACOSS Media Release 13 April 1999). Although Michael Raper concedes that the Government have achieved equity in some areas, he still reiterates that it is not equitable for food to be subject to consumption tax since it accounts for 30 - 40% of all expenditure (not income) of low income families. This inequity is increased when t ...
    Related: australian, capitalism, political power, economic system, relation
  • Balanced Budget - 1,815 words
    Balanced Budget Balanced Budget Thomas Jefferson stated, I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt (Grinsburg 1). This quote illustrates the importance of maintaining a balanced budget; therefore, it is necessary to stand firmly resolved that the government should balance its budget. Three main arguments uphold this premise. They are as follows: 1. It is feasible for the government to balance the budget, 2. A budget deficit harms the United States through creating a trade deficit and increasing the national debt, 3. A balanced budget would benefit ...
    Related: balanced budget, budget, budget deficit, budget office, budget surplus, congressional budget, federal budget
  • Business Plan - 3,247 words
    ... Services 1. List the customer services we provide: a. b. c. 2. These are our sales/credit terms: a. b. c. 3. The competition offers the following services: a. b. c. E. Advertising/Promotion 1. These are the things we wish to say about the business: 2. We will use the following advertising/promotion sources: 1. Television 2. Radio 3. Direct mail 4. Personal contacts 5. Trade associations 6. Newspaper 7. Magazines 8. Yellow Pages 9. Billboard 10. Other 3. The following are the reasons why we consider the media we have chosen to be the most effective: MARKETING TIPS, TRICKS & TRAPS 1. Marketing Steps * Classifying Your Customers' Needs * ...
    Related: action plan, business & management, business administration, business development, business history, business information, business marketing
  • Chilean Economic Shock Therapy - 1,146 words
    Chilean Economic Shock Therapy Chile is seen to be the quintessential model of liberal restructuring in Latin America in the late twentieth century. After the overthrow of the socialist regime of Salvador Allende in 1973, Chiles government has implemented an authoritative economic restructuring program that replaced state intervention with market incentives and opened Chile to the global economy. This four-phase process transformed the economy from highly protective industrialized to an open free market economy based on agricultural exports. The process by which the Chilean economy was stabilized was termed shock therapy. Like other dramatic economic policy changes, the therapy caused the un ...
    Related: chilean, economic benefits, economic change, economic crisis, economic growth, economic policy, shock
  • Class Struggles - 2,658 words
    ... oyer, who are the exploiters ? Who makes up the dominant class today ? This question will become clear if we bear in mind there are two ways to move goods in society, by the use of violence, which is the political way, by trade and gifts, which is the economic way. Capitalism is the use of trade and gifts, not the use of politics, to distribute goods in society. All other regimes resort to violence. Marx and Engels emphasize the point themselves. Feudalism and slavery are based on state coactive powers. The results of their work are simply confiscated from the workers, and if they do not like it and try to escape, policemen and soldiers will drag them back to where they belong, so they m ...
    Related: class struggle, middle class, ruling class, technological innovation, total population
  • Comparative Politics - 2,340 words
    ... over the years. The ruling parties in the states are listed below. MACAU Macau has two governmental bodies with political and legislative authority: the Governor and the Legislative Assembly. In accordance with the autonomy consecrated in the Organic Statute of Macau,the exercise of the legislative function by both bodies, and the executive function by the Governor, assisted by seven under-secretaries, is guaranteed. The two bodies, however, have different political statutes: The Governor is Portugal's representative in Macau and is politically accountable to the President on all issues pertaining to the Republic, excepting the law courts; The Legislative Assembly is a body of mixed repr ...
    Related: comparative, comparative politics, total area, criminal court, comprise
  • Computers And Finance - 1,763 words
    Computers And Finance Computers And Finance Computers have made financial bookkeeping much easier, and people no longer have to spend hours tracking investments or pay someone else to do their taxes. Moreover, the advancement in technology has allowed governments to cut back on the number of big companies and employees hired to process tax returns, resulting in the saving of millions of dollars. Although these advancements are extraordinary, they are not without their shortcomings. The IRS has had increased trouble in tracking fraudulent tax returns, and has had to revamp its detection system. The most surprising part of Microsoft's current purchase of Intuit, the maker of the Quicken line o ...
    Related: computer science, computer technology, computers, finance, personal finance
  • Corporate Governance - 1,339 words
    ... corporate's to the heavy weights of our society , for developing a purposeful model of governance . Legislative weaknesses The limited liability system initiated by the Companies Acts and other legislation's , laws formulated by the government and other agencies to impose governance have not been as effective as they should have been, which is a matter of common knowledge and need not be gone into. The Companies Act place the ownership of the company solely in the hands of equity shareholders. Holders of preference shares have no rights of intervention unless their dividends are unpaid, investors of loan capital also have limited rights and the directors have unlimited liability and ar ...
    Related: corporate, corporate governance, effective governance, governance, board of directors
  • Deficit Spending - 1,533 words
    Deficit Spending "Spending financed not by current tax receipts, but by borrowing or drawing upon past tax reserves." , Is it a good idea? Why does the U.S. run a deficit? Since 1980 the deficit has grown enormously. Some say its a bad thing, and predict impending doom, others say it is a safe and stable necessity to maintain a healthy economy. When the U.S. government came into existence and for about a 150 years thereafter the government managed to keep a balanced budget. The only times a budget deficit existed during these first 150 years were in times of war or other catastrophic events. The Government, for instance, generated deficits during the War of 1812, the recession of 1837, the C ...
    Related: budget deficit, defense spending, deficit, federal spending, spending
  • Depreciation - 911 words
    ... loss. 4 The proceeds from issuing 3,000 shares of common stock was $15,000. 5- The $16,000 gain on retirement of bonds resulted from paying $18,000 to retire bonds with a book value of $34,000. 6- Cash dividends of $14,000 were declared and paid. GROVER COMPANY Balance sheet December 31, 1990 and 1989 1990 1989 Assets Current Assets: Cash $ 17,000 $ 12,000 Accounts Receivable 60,000 40,000 Merchandise Inventory 84,000 70,000 Prepaid Expenses 6,000 4,000 Total Current Assets $ 167,000 $ 126,000 Long Term Assets: Plant Assets $250,000 $210,000 Less: accumulated depreciation 60,000 190,000 48,000 162,000 Total Assets: $357,000 $288,000 Liabilities Current Liabilities: Accounts Payable $ 35 ...
    Related: depreciation, goods sold, income taxes, income tax, merchandise
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