I am against the tax cuts because it shows that most of the money returned from the cuts is going to those who are already very rich. ... As stated earlier, the rich are the ones who are getting the most money. The middle classes and the poor class are the ones who should be getting more money, equal amounts. The tax cuts affect the incentives, to work, save and invest. ... It must be spent rather than saved. ...
Here capital refers to money that people invest in a business, yet capital can be money invested in the stock market or capital can simply be a physical investment in a plant, factory, and the forklifts. ... Investors are rewarded with this gain for taking the risk of investing their money. ... Seventy-seven percent of all taxpayers that make 75,000 a year or less, hold capital assets; the tax cut would save these middle class tax payers hard earned dollars and encourage them to invest more. ... The majority of middle class taxpayers that claim capital assets will save their hard earned mo...
The belief behind this system is that people who make more money should pay more in taxes. ... The state could lose out on several types of grants, as they will not be able to provide money upfront. ... You can argue that more money will be spent; therefore, create jobs, but what if people do not spend? With uncertainty in the economy, the extra money received may not be spent and instead saved. During uncertain times, people tend to save and not spend. ...
When money is eventually withdrawn from an RESP to pay for education-related costs, the income is taxed in the hands of the beneficiary (the student), not the contributor. If the student withdraws the money over a few years, the income should attract little or no tax. ... Registered Education Savings Plans (RESP's) were created by the Federal Government to encourage Canadians to save for their children's education. Previous Federal Budgets have made RESP's a popular vehicle in which to save for a child's education because they offer certain tax benefits. ... RRSPs provid...
When money is eventually withdrawn from an RESP to pay for education-related costs, the income is taxed in the hands of the beneficiary (the student), not the contributor. If the student withdraws the money over a few years, the income should attract little or no tax. ... Registered Education Savings Plans (RESP's) were created by the Federal Government to encourage Canadians to save for their children's education. Previous Federal Budgets have made RESP's a popular vehicle in which to save for a child's education because they offer certain tax benefits. ... RRSPs provid...
Greece was lent money in 2010 by the European government and the IMF to help repay its debt, but most of the money was used to repay this banks. ... So the money lent relative to the debt and size of the economy did not show any improvement in their economy. ... The IMF lent additional money. ... With no bail out agreed, Greece banks could run out of money within days. Greece can only save its economy by finding new creditors which seems very unlikely, or survive with little credit for a while and its "drachma" as its currency....
Well simply put, it is when you spend more money this month than your income. ... This is a lot of money for each individual American citizen to owe. ... He projected that a tax cut would give the people extra money, extra money to put back into the economy. ... As long as the money isn't squandered away and is actually used to balance the budget. If we control military spending and Military conflict then money can also be saved. ...
PLANNING FOR RETIREMENT "Now is no time to think of what you do not have, think of what you can do with what there is." This quote from Ernest Hemingway may be relevant as you analyze what you need for a successful retirement. Of primary importance to everyone is the amount of money they will ...
This would raise a lot of money for the government and maybe even be a cause to lower income taxes and even property taxes. ... This would reduce the amount of salaries being paid to these drug officials and save the taxpayers a lot of money. ... This also would mean less of the taxpayer's money going to fund these so-called marijuana criminals. ...
Gore would rather invest in the school rather than spend that money on vouchers. ... With the budget surplus, Gore would give the money to social security first. ... To complement social security, Gore proposes Retirement Savings Plus accounts, in which a couple can save up to $400,000. ... -Gore is very passionate about investing money in public schools. ... He plans to put money into protecting and expanding parks. ...
Taxes are, in a simplified explanation, a means by which the government takes a citizen's money to spend on public goods. Because of a strong belief in individualism, people are opposed to the government taking personally hard-earned money; one should be able to decide how his or her money is spent. ... The more money the government has to spend, the more power government will have over the people. ... Again, the individual's belief in the right to keep, spend or save one's own earnings are the motivation for tax cuts for all citizens. ... Each citizen had the same opportunity ...
This would cost taxpayers $5000 per inmate. 5 According to a study "Three State Recidivism Study" by the Correctional Education Association, providing correctional education lowered long term recidivism by 29%, which would lower New York's recidivism rate to an all time low of 10.9%.6 Based on the number of current inmates, if New York managed to cut their recidivism rates by only 10%, that would mean $42 million dollars annually in savings.7 If you do the math, this program will save taxpayers almost $126 million annually, $125 million if you subtract the initial investment of ...
The point of this was that they already had the money and if he would have taxed the poor he risked the danger of a revolution happening. ... Though he managed to bring the money back in, he needed to make sure that all the money possible got to the exchequer and smugglers didn't take the national trade. ... After he tightened up the standards of the tax collectors the income rose, this was because they weren't just collecting the taxes more efficiently but as they had sacked 9 of them the others had more work to do and more taxes to collect so Pitt was getting his money's worth...
However, during the Great Depression, money gathered through income taxes decreased, rendering the plan both useless and pointless. ... Additionally, alcohol manufacturing and distribution offered the money and jobs that post-1929 American society desperately needed. ... Paradoxically, the very movement that aimed to save lives killed many. ...
The way they were built and have lasted for centuries is an indication of how well they were built and the money the Church had to invest in these buildings. ... This, in turn, saved them a massive amount of money, and made it far wealthier than any king of England at this time. ...
According to a PBS interview with Eric Schlosser, 1 in 6 Americans in prison are there on marijuana-related charges (including simple possession), wasting taxpayer money and taking up prison space. ... " If the amount of incarcerations due to possession of marijuana was lowered, it would be economically beneficial because we could be saving money on the court and maintenance it takes to imprison someone. ... Economically, the state governments of Colorado and Washington will benefit from the legalization of marijuana due to the taxation of the item, and the money saved from reducing crime...
This is a significant incentive for farmers as it is provides good publicity and advertising but also it enables consumers to acknowledge the extra step the farmer has taken to ensure the community receive better quality products. 4) Government Taxation and Subsidies: Tax rebates or tax enhanced tax deductibility allows farmers to have more money invested towards reducing salinity. However the majority of farmers may not use their saved finances for reducing salinity so this is why it is a good idea to place taxation on inputs that are used in production that cause environmental damage. ...
With that, now we have some people earning more money, but more people without jobs, making us no better off than when we started. ... With the minimum wage so low, people can earn more money sitting on the couch collecting a welfare check than they could flipping burgers for minimum wage. ... With the safety net gone, the people who can be saved will. ...
