Cigarettes, Cognac & Chemotherapy: Taxed for Being Human Sandra M. Johnson South University-Richmond Cigarettes, Cognac & Chemotherapy: Taxed for Being Human “Sin taxes" should not be increased to help with medical costs because all medical care is not a direct result of these "sins" (consuming alcohol and tobacco), it's discriminatory, and all taxpayers should contribute to the overall reduction of health care costs. Throughout history, the government has taxed America’s guilty pleasures
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The word tax is derived from a Latin word “Taxare “it means to estimate or value. The term tax to a common man means money paid to the Government out of compulsion without deriving any benefit directly by himself or his family members. As per taxation tax means statuary payment to be made b the public and imposed by the Government. Definition: As per Prof. Adams: ¾ From the Stand point of the state, a tax is source of derivate revenue ¾ From the point of the citizen, A tax is a coerced
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Drug Testing Welfare Recipients: A Wise Choice Robert Denson ENG1420 Mr. A. Hewlett 10 February 2015 The national welfare system was created in 1935 to provide federal aid to the elderly, disabled and qualifying single mothers during the Great Depression (Costly, 2015). Public housing assistance, the Food Stamp Program and Medicare are examples of state programs available to assist families in need. Welfare, undoubtedly, is an essential source of assistance for many under privileged families
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Tax Issues Relating to Bitcoins Wipula Kurudugahamada Research in Taxation Professor Richard L. Russell April 9, 2015 Tax issues relating to Bitcoins 1. Introduction What are the flat currencies? The currencies created by a government. Then there is a central regulatory agency responsible for the issue. The accepted characteristics of present day use money are included a store of value, a unit of account, and a medium of exchange. However, the supplies of currencies are governed
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ST GEORGE TAX ADVISORS GPO Box 9966 BRISBANE QLD 4001 Tel: (07) 3111 0011 Fax: (07) 3151 0012 Email: queries@stgeorgetax.com.au ABN 60-222-555-333 16 January 2009 Ms Shona Bridget 72 Shepperton Rd EAST VICTORIA QLD 4683 Dear Ms Bridget, Re: Your objections to the Notice of Amended Assessment 1. YOUR INSTRUCTIONS Following an audit by the Australian Taxation Office (ATO) of your tax return for the 2007 income year, you received a Notice
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investments. Therefore, the overall goal is to maximize tax savings. Our five two choices are: Custodian Accounts under the Uniform Gift to Minors Act and Section 529 plans. Conclusion: Section 529 plans is the best choice because it provide the best tax advantages. Reasoning: Section 529 Plans provide unsurpassed tax advantages. It is the best option because it is the only one, in which income from investments is not subject to income tax if used for
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Effects of credit crunch/policy within the last ten years on political economy decisions in two countries: the UK and France. Introduction: The UK and France are two leading Western European countries having the fifth ($2.9 trillion) and sixth ($2.8 trillion) largest economies respectively. They are both apart of the European Union in which France was a founding member with the UK later joining in 1973. It presently gives them the opportunity to have a single market with all twenty-eight-member
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2013 Budget Speech Minister of Finance Pravin Gordhan 27 February 2013 ISBN: 978-0-621-41456-1 RP: 345/2012 To obtain copies please contact: Communications Unit National Treasury Private Bag X115 Pretoria 0001 Tel: +27 12 315 5526 Fax: +27 12 315 5126 Budget documents are available at: www.treasury.gov.za 2013 Budget Speech Honourable Speaker I have the honour to present the fourth budget of President Zuma’s administration. Mr President you said in the State of the Nation address
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duration Income of persons trying to alienate his assets with a view to avoiding payment of tax. Income of discontinued business. Person [Sec 2(31)] Individual Hindu undivided Family A company A Firm An Association of persons or body of individuals, whether incorporated or not A local authority Artificial judicial person Assessee [Sec 2(7)] Assessee means a person by whom income-tax or any other sum of money is payable under the Act. Every person in respect of whom any proceeding
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CHAPTER 4 GROSS INCOME: CONCEPTS AND INCLUSIONS SOLUTIONS TO PROBLEM MATERIALS Question/ Problem 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Learning Objective LO 1 LO 1 LO 1 LO 1 LO 1 LO 2, 3 LO 2 LO 2 LO 2 LO 2 LO 2 LO 3, 5 LO 3 LO 3 LO 3, 5 LO 4 LO 4 LO 4, 5 LO 4, 5 LO 4, 5 LO 4 LO 2, 4 LO 4 LO 4 LO 4 LO 1, 5 LO 1 LO 1, 2, 5 LO 1 LO 1, 2 LO 2, 5 Topic Goals of financial accounting versus taxation for income Economic versus taxable income Gross income
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