Sanders' Tax Plan? Motley Fool 4 tough questions that Trump and Sanders need to answer MarketWatch Peter Schiff: China will Lose the Currency War Wall Street Daily Sponsored Clinton’s proposals for boosting taxes on high-income earners, modifying taxation of multi-national corporations, doing away with fossil fuel tax incentives and increasing the estate and gift taxes would fall hardest on the top 1 percent of taxpayers, while leaving 95 percent of Americans relatively unscathed, according to an
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Goods and Services Tax-What it is! Folks! Goods and Services Taxes or simply put GST is believed to solve many issues when it comes to the taxation policy in India. Before we jump into the technicalities of GST, let me set some pretext for those who have little idea about this topic. Our country, India, is a land of Taxes! Currently, we have numerous taxes like Sales Tax, Value Added Tax, Service Tax, Income Tax, Central Excise, Customs, Countervailing Duty, Special Additional Duty and what not
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Week8 You're considering purchasing a house using an 80% mortgage (for your own use). ➢ What are the issues you need to consider (e.g. Price, locations, costs etc.)? ➢ Weigh up the benefits and the downsides of purchasing a house. ➢ Decide whether you would purchase the house and give reasons why. ➢ If not, what alternatives do you have? The following issues would affect my decision: ➢ Price The price level of the house would be first considered since the price should
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Chapter 2 Pages 85-86 (2-1) An investor recently purchased a corporate bond that yields 9%. The investor is in the 36% combined federal and state tax bracket. What is the bond’s after-tax yield? We have 9% pretax yield X 36% combined taxes = .09x.36=.0324 (3%) .09-.0324=.0576 (6%) The after tax yield= %6 (2-2) Corporate bonds issued by Johnson Corporation currently yield 8%. Municipal bonds of equal risk currently yield 6%. At what tax rate would an investor be indifferent between these two
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Indirect tax viii. (+)- Increase price ix. (-)- PED inelastic f. Regulations – exactly the same g. Min price policy x. Same with indirect tax xi. Excess supply xii. Shadow market TAXATION * Tax rate: refers to the percentage of tax imposed by the government * Direct tax: tax that is directly cut from income * Indirect tax: tax that is imposed on goods and services * Ad valorem – VAT * Based
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ax depreciation is a gradual reduction in the value of your property that allows you to recover part of your cost or other basis in the form of a tax adjustments. You cannot depreciate land; however you can depreciate structures and improvements, including rental property. The most common depreciation method is known as the straight-line method, where you divide the value of your house by 27.5 to get the allowable annual depreciation deduction. So, assuming you have a rental home valued at $150,000
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The Following are several recommendations to our President regarding our government spending as well as a few tax based economic factors. First we will take a look at our government spending. The initial recommendation is related to lowering our interest rates, lowering interest rates will do several things, one it will increase the money supply, in turn aggregate demand increases growing the bank accounts of many Americans. Most of all the positive affects it will play for those Americans that
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TO: Mr. Jones, Client FROM: Tax Professional DATE: June 12, 2011 SUBJECT: Tax Advice Several organization options were presented. Each option is presented below with the most optimal course of action, from a tax perspective. Each option has various tax benefits and drawbacks. The options will be evaluated independently. The option of outright purchase of Smithon will be evaluated first, followed by the options of merging or acquiring Smithon. 1a.) Should Mr. Jones purchase the stock
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ECO/372 Principles of Macroeconomics Individual: Fundamentals of Macroeconomics Paper Part 1 Gross Domestic Product (GDP): Market value of all goods that are produced in a given time period. Real GDP: The measurement of GDP at constant prices. Nominal GDP: The measurement of GDP at current prices. Unemployment Rate: The measurement of knowing how many people are unemployed in the country versus employed people. Inflation Rate: The measurement of increase in prices over a period of time
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| TAXATION LAW | ASSIGNMENT | | | GROUP MEMBERS: | Jamal Ahmed Khan S0243702Ijaz Ahmad S0206099 | | | SUBMITTED TO:Michael Gallagher | DATE:6th Jan, 2014 | | | | TAXATION LAW - ASSIGNMENT Part A To find the residency status of John and Susan for the time when they were living overseas. The definition of “resident” in s 6(1) of ITAA 1936 contains four tests to determine whether an individual is a resident of Australia for taxation
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