Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The source of tax revenue overwhelmingly comes from individuals at 50.3%, with employment taxes accounting for another 38%, transfer and excise taxes at 2.8%, and corporations paying only 8.8% (yes, corporations only a small percentages of our taxes). The expenses of the government are split between mandatory spending at 65%, Interest on the debt at 6%, and discretionary spending at 29%. The actual cost of running our government is quite low at less that 1% of the total budget - cutting down on the number of federal workers barely makes a dent on the budget. The U.S government also pays out less on social benefits (social security, welfare, etc.) that it collects from the sources that are supposed to fund these expenditures. Instead of saving the money collected for social benefits for the future, the government diverts the extra revenue towards many other programs and then tells us that there won't be enough in the future for programs like social security - programs that are fully self-funded. See the following link to a good summary of where the money is spent: https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ Data suggest that our federal tax revenue is insufficient to support the current level of government spending. Yet while politicians continue to tell us that taxes are too high, and maybe they are too high, but few of them are inclined to lower spending. The arithmetic is inescapable. If we want to pay less tax and at the same time curb the growth of the national debt, the federal government must cut spending. If we want our government to maintain the same level of spending without incurring additional debt, then we need to collect more in federal taxes. But how would you change the tax laws (not the spending) to balance the budget - would a flat, regressive, proportionate, or progressive rate structure fix the issues? Would simplifying the tax code and not providing for the needs of constituents or economic conditions fix the issues? Do you think that the supply side economic theory really works where if you lower tax rates there is an increase in tax revenue? Explain how your solution would work.
What is the value of L at which average product is maximized? What is the average product of labor function, APL?
journal entries.record each of the following transactions in general journal format. aissued 50000 shares of 1 par
the following information is available for grey goose inc.beginning retained
odana plans to sell 90000 units of its only product at a price of 16 each.assume that there will be 7500 units of the
1. Identify the three levels of contingent liabilities and the respective accounting treatments.
If a firm has a breakeven point of 20,000 units and the contribution margin on the firm's single product is $3.00 per unit and fixed costs are $60,000, What will the firm's net income be at sales of 30000 units?
marge and lisa work for simpsons interiors. marge is a designer who works with clients of simpsons on interior design
Develop a list of arguments in support of your view prior to the class session for which the case is assigned. Do not be influenced by the method required by the FASB. Base your opinion on the conceptual merit of the options.
Contrast sources and uses of cash referencing using at least two examples of assets and liabilities (four total). Provide examples of how cash is used or provided depending on whether it is categorized as an asset or liability.
cintas corporation is the largest uniform supplier in north america providing products and services to approximately
What is the ROE for a firm with times interest earned ratio of 2, a tax liability of $1 million and interest expense of $1.55 million if equity equals $1.5 million?
taurus tools has developed a new kitchenutensil. the firm has conducted significant market research and estimated the
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd