Estate Tax Essays (Examples)

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Tax Efficient Financial Strategies Company Name Here

Words: 660 Length: 2 Pages Document Type: Essay Paper #: 77549155

Tax Efficient Financial Strategies

Company Name Here

Managing Director

MACOBUTTON AcceptAllChangesShown [name]

Tax Efficient Financial Planning

Astute financial planning in the current economic climate is critical. While we cannot control the ebbs and flows of either the market or the decisions of the government that affect one's personal finances, we can attempt to grow and preserve wealth through tax efficient financial planning. There are solid vehicles available, if utilized correctly, can successfully minimize income, capital gains and estate taxes for our clients. Below provides detailed information on vehicles available to provide minimal tax exposure.

Income Tax Minimization

Deferred Variable Annuities

Using this method clients not only are able to minimize their incomes taxes, but they this vehicle also provides asset protection.

401K or other Qualified etirement Plan

Contributions to a 401k or a similar retirement plan are tax-deferred and not-taxable until withdrawal. Contributions help to lower an individual's AGI thereby…… [Read More]

References

Baldwin, W. (2010, July 30). Six Ways To Avoid Capital Gains Tax Page 2 of 3 - Forbes.com. Information for the World's Business Leaders - Forbes.com. Retrieved July 26, 2011, from  http://www.forbes.com /2010/07/30/avoid-capital-gains-tax-anschutz-personal-finance-baldwin-tax-strategy_2.html

Botkin, S. (2010). Lower Your Taxes - Big Time 2011-2012. New York: McGraw-Hill.
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Tax Law Memo Re The

Words: 743 Length: 3 Pages Document Type: Essay Paper #: 34877636



The case had nothing to do with taxes but rather with changes in a state probate law, but the outcome was still the decision that ex post facto laws affecting solely civil matters meet constitutional muster under Article I section 10. Subsequent rulings have reaffirmed this position of the Court and made it clear that retroactive taxation would be considered constitutionally permissible despite other objections.

Specifically, in nited States v Carlton (1994) the Court determined that such retroactive tax laws do not necessarily violate the Fifth Amendment right to due process so long as there is legitimate process involved in its enactment, according to a concurring opinion written by Justice Scalia, with the majority opinion (of the unanimous vote upholding the retroactive tax in this case) creating an even broader guideline of being "rationally related to a legitimate legislative purpose."

This essentially renders and retroactive taxation, which will necessarily result…… [Read More]

US Constitution, Article I, sec. 10. Accessed via Cornell University Law Library 21 April 2010. http://topics.law.cornell.edu/constitution/articlei

Calder v Bull 3 U.S. 386 (1798). Accessed via FindLaw 21 April 2010. http://caselaw.lp.findlaw.com/scripts/getcase.pl?navby=CASE&court=U.S.&vol=3&page=386

United States v Carlton 512 U.S. 26 (1994). Accessed via Cornell University Law Library 21 April 2010. http://www.law.cornell.edu/supct/html/92-1941.ZC1.html
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Tax Cut Policy on Public

Words: 1450 Length: 5 Pages Document Type: Essay Paper #: 70977478

(the Bush Tax Cut: One Year Later)

The members of the AFSCME believe that the Taxes imposed under the Bush administration has influenced them very unenthusiastically, since it has assisted to restrict their capability to concentrate on vital national problems for fairly a few years, due to the reality that the Tax Act comprises every clause that would help the affluent and well-to-do and might add more new tax cuts slowly, and the entire would render the ultimate bill more costly than even George Bush had planned for it to be. Ultimately, every household holding job would be harshly hit by the plan. Besides, its influence on the question of Public Debt is worrying as well. The reality that novel Tax Cut might rescind the Estate Tax is an issue of apprehension as well, particularly since a majority of the states normally share this proceeds with the federal government. (the…… [Read More]

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Tax System of One Country With That

Words: 4394 Length: 15 Pages Document Type: Essay Paper #: 98725627

tax system of one country with that of another is an exercise fraught with dificulties and ultimately doomed to failure . tax system will never be much more than a reflection of strongly national cultures and forces. discuss this statement in the light of your knowledge of comparative tax system in developing and/or developed countries i

Tax Systems

The following pages focus on analyzing the factors of influence on different countries' taxation systems. The paper begins with an introductory section that allows readers understand the point-of-view used in this paper. The following section refers to describing the taxes pand taxation systems used by most countries and their objectives, in order to understand the similarities and differences between these taxation systems. The paper continues with the analysis of several factors that influence countries' tax system design, like cultural factors, technological developments, and natural resources. In order to exemplify this, the taxation…… [Read More]

Reference list:

1. Pasekova, M. et al. (2011). Comparative Analysis of Tax Systems: Some Evidence from CEE Countries. World Academy of Science, Engineering, and Technology. Retrieved February 27, 2012.

2. Greenhouse, S. (2011). Tiny Tax on Financial Trades Gains Advocates. The New York Times. Retrieved February 28, 2012 from http://www.nytimes.com/2011/12/07/business/global/micro-tax-on-financial-trades-gains-advocates.html?_r=1&pagewanted=all.

3. Ross, M. (2004). Does Taxation lead to Representation? Cambridge University Press. Retrieved February 28, 2012.

4. Seto, T. (2008). Four Core Principles of Tax Design System: Introduced and Applied to the Taxation of Multinationals. Loyola Law School. Retrieved February 28, 2012.
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Tax Advise Table of Contents Optional Louise

Words: 2764 Length: 7 Pages Document Type: Essay Paper #: 81638421

Tax Advise

Table of Contents (optional)

Louise is aged 50 and single. Since 1994 she has carried on a retail business as a sole trader. Her trading profits as adjusted for tax purposes and after capital allowances, for the year ended 30th April 2009 were $150,000.

The business is carried out from a number of valuable retail outlets, all of which are owned by Louise personally. These units have been acquired over a number of years since 1994 and their market values have increased considerably in recent years.

Apart from her single personal allowance tax credit, Louise is entitled to income tax relief in respect of $10,000, which she pays annually to a evenue approved pension scheme.

Louise's personal living expenses and other financial commitments total $50,000 per annum (including the contribution of $10,000 to the evenue approved pension scheme referred to above).

Louise is considering transferring her business to…… [Read More]

References

Maertin, James CPA. U.S. Tax Preparation Worldwide. [

  http://www.jamesdance.com/deductions.htm  %5D

http://www.hmrc.gov.uk/menus/aboutmenu.htm "HM Revenue and Customs: About Us." Hmrc.gov.uk. Crown Copyright. 2005-04-18.http://www.hmrc.gov.uk/menus/aboutmenu.htm. Web. 30 July 2010.

Davis Esq., Tricia. Limited Liability Companies: Could your personal assets be at risk? Web. 30 July 2010.
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Clients About Estate and Gift

Words: 3229 Length: 10 Pages Document Type: Essay Paper #: 99469750

So your wife can renounce the business given to her and then pass it without gift tax to the children. Disclaimers must be made within 9 months of the death of the first decedent if they are to avoid gift tax. An appropriate disclaimer may also be a very effective tool to assist in a poorly written estate plan.

7. JOINTLY HELD PROPERTY:

The joint tenancy form of ownership could result in many unintended and unfavorable consequences. For example, the entire property is usually subject to attachment by a creditor of any one of the joint tenants. There are also significant estate, gift, and income tax problems that are created from joint tenancy. If not given attention and consideration as part of a comprehensive estate plan, holding property together as a couple, can create bad results in terms of overpaying taxes.

Explanation: Solely half of the value of property held…… [Read More]

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How to Limit Your Taxes

Words: 2248 Length: 7 Pages Document Type: Essay Paper #: 22806100

Income Tax Deduction

Taxes have existed in the United States for all of its existence but they took on many forms prior to the modern income tax. The income tax was not finalized and permanently ensconced in the United States law until the 1910's. The tax rates, at its normal levels, have been adjusted upwards and downwards depending on the economic cycles with the most recently developments being the "Bush Tax Cuts" of the 2000's and the recent tax spikes under the Obama Administration. While income taxes affect some more than others, nearly all people are affected based on the assets/income they possess and earn as well as the familial structure they maintain.

Common Tax Deductions

As noted in the introduction, familial status and assets/income are far and away the biggest determinants on how much tax is paid, if any. Indeed, some people actually get money from the government and…… [Read More]

References

IRS. (2014, February 28). Internal Revenue Service. 401(k) Plans. Retrieved February 28, 2014, from http://www.irs.gov/Retirement-Plans/401(k)-Plans

IRS. (2014, February 28). The Health Insurance Marketplace. The Health Insurance Marketplace. Retrieved February 28, 2014, from http://www.irs.gov/uac/Newsroom/The-Health-Insurance-Marketplace

IRS. (2014, February 28). SOI Tax Stats - S Corporation Statistics. SOI Tax Stats - S Corporation Statistics. Retrieved February 28, 2014, from http://www.irs.gov/uac/SOI-Tax-Stats-S-Corporation-Statistics

IRS. (2014, February 28). EP Abusive Tax Transactions - S Corporation ESOP Abuse of Delayed Effective Date for Section 409(p). EP Abusive Tax Transactions - S Corporation ESOP Abuse of Delayed Effective Date for Section 409(p). Retrieved February 28, 2014, from http://www.irs.gov/Retirement-Plans/EP-Abusive-Tax-Transactions-S-Corporation-ESOP-Abuse-of-Delayed-Effective-Date-for-Section-409(p)
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National Sales Tax

Words: 1641 Length: 4 Pages Document Type: Essay Paper #: 58179994

sales tax reform in America. Specifically it will discuss the idea of an alternate tax system, the National Sales Tax and compare it to the current tax code. A new way of collecting taxes seems much more fair and equitable than the current income tax method, which seems antiquated and unfair. Some large corporations and America's wealthiest people pay very little or no taxes through tax loopholes, which makes the system, rely on the people who can afford it the least. One expert notes, "Certain business entities such as partnerships, small business corporations and limited liability companies are treated for tax purposes as conduits and pay no federal tax at the entity level" (Boyd, 2005). There has been talk about developing a more equitable system that would be fair to everyone, not just a few. Developing a national sales tax system could help decrease the budget deficit, make the system…… [Read More]

References

Boyd, T. (2005). Tax reform in a global economy: Shifting the tax burden. Review of Business, 26(2), 48+.

This is a business journal that is greatly impartial in its judgement, so the article is more balanced and fair than one produced by a pro-VAT tax source. It is conservative, but it advocates the positive aspects of a VAT tax on businesses and individuals, and how it would simplify doing business in a global economy, as well.

Kotlikoff, L.J. (2008). Why the fair tax will work. Retrieved 12 June 2009 from the Americans for Fair Tax Web site: http://www.fairtax.org/site/News2?page=NewsArticle&id=9321&news_iv_ctrl=1521.

This is a web site advocating a VAT tax called the "Fair Tax," and so, it exists to convince Americans that a national sales tax is desirable and will work. This particular article refutes an economist's claims the tax is a bad idea, so it is subjective at best, fairly liberal, and funded by like-minded individuals who may not want to hear the other side of the story.
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Permanent Elimination of the Estate

Words: 2094 Length: 8 Pages Document Type: Essay Paper #: 43853537

It falls on savers, not spenders;

3) Early and naive advocates of death taxes thought that such taxes would not distort behavior because they fell only on wealth that decedents left behind by accident. Now very strong evidence supports the common-sense idea that people are strongly motivated to leave wealth to their heirs. Death taxes distort the behavior and investment decisions of this important class of "intergenerational" savers;

Not only does the income tax not need a "backstop," the income tax is actually a bad tax precisely because it falls on savings, in effect double taxing saving as opposed to immediate consumption. Death taxes compound the error by adding a third tax on savings. A fair tax system should consistently tax spending, not work or savings, and should use progressive rates to meet whatever liberal or redistributive objectives it has;

Death taxes have not contributed to greater equality in America.…… [Read More]

Bibliography

The Effects on Government Revenues from Repealing the Federal Estate Tax and Limiting the Step-up in Basis for Taxing Capital Gains (2003) CONSAD Research Corporation, Pittsburg Pennsylvania. Online available at http://www.sirote.com/Menus/BioLinks/HIA-Estate-Tax-Final-Report-Consad%5B1%5D.pdf

Kamin, David (2004) New CBO Study Finds that Estate Tax Repeal would Substantially Reduce Charitable Giving. Center on Budget and Policy Priorities. 3 Aug 2004. Online available at http://www.cbpp.org/8-3-04tax.htm

Herman, Tom and Silverman, Rachel Emma (2005) Republications Consider Keeping Estate Tax Alive for the Very Rich. Wall Street Journal 19 Jan 2005. Responsible Wealth Project. Online available at http://www.responsiblewealth.org/press/rwnews/2005/EstateTax_WSJ.html

McCaffery, Edward J. (1999) Grave Robbers: The Moral Case Against the Death Tax. CATO Policy Analysis 4 Oct 1999. Online available at http://www.cato.org/pubs/pas/pa353.pdf
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Avoiding Taxes Via the Irrevocable Trust

Words: 675 Length: 2 Pages Document Type: Essay Paper #: 46135957

Trusts and Taxes

"Gift Transfers and Gift Tax Planning"

An irrevocable trust could be used as a way to name beneficiaries and avoid estate taxes. Unlike a revocable trust, irrevocable trusts do not have to pay taxes. In this case, any assets that are placed in the irrevocable trust are no longer deemed to be assets of the settler; instead they are deemed assets of the trustee. The difference is that in a revocable trust, the settler can re-enter into the trust and have the assets retrieved. In an irrevocable trust, this is not allowed. Creditors cannot retrieve assets of the settler in an irrevocable trust, as they can in a revocable trust.

As Bay Financial Associates (2015) puts it, a revocable trust is like a "box with strings" on it -- and all one has to do is pull the string, and the box opens up. An irrevocable trust,…… [Read More]

References

Bay Financial Associates. (2015). The Irrevocable Trust. BFA. Retrieved from http://www.bfa-online.com/news012.html

Ebeling, A. (2015). House votes 240-179 to repeal estate tax. Forbes. Retrieved from  http://www.forbes.com /sites/ashleaebeling/2015/04/16/house-votes-240-179-to-repeal-estate-tax/#f6643f7f3e6f
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Mr and Mrs Smith's Tax Planning

Words: 1344 Length: 4 Pages Document Type: Essay Paper #: 66132955

Smiths to Minimize Their Total Tax Liability

Mr. and Mrs. Smith's concerns about their future income and estate tax bills are important because of their need to engage in tax planning, which can be described as organizing personal financial affairs in order to lessen taxes. In light of their concerns and current situation, there are several recommendations or ways with which the Smiths can reduce their future income and estate tax bills. Therefore, your advice to them on tax planning should be based on considerations of these various recommendations in light of their advantages and disadvantages in addressing their concerns.

One of the ways through which the Smith's can minimize their total tax liability is through giving annually, which will help lessen future estate taxes. As of 2015, the federal estate gift and estate tax exemption amount was $5.43 million, which implied that taxable estate exceeding this amount would be…… [Read More]

References

Bischoff, B. (2015, March 5). 5 Ways to Give Your Home to Your Children Tax-Free. Retrieved June 29, 2017, from http://www.nextavenue.org/5-ways-give-your-home-your-children-tax-free/

First Republic Investment Management. (2017, March 20). Gifting to Family Members: Pitfalls and Benefits. Retrieved June 29, 2017, from https://www.firstrepublic.com/all-articles/life-and-money-plan-your-legacy/gifting-to-family-members-pitfalls-and-benefits

Kohler, M.J. (2015, June 18). Why You Should Hire Your Kids This Summer. Retrieved June 29, 2017, from https://www.entrepreneur.com/article/223968

Massachusetts Financial Services Company. (n.d.). Minimize Taxes with Estate Planning and Gifting. Retrieved June 29, 2017, from https://www.mfs.com/wps/FileServerServlet?servletCommand=serveUnprotectedFileAsset&fileAssetPath=/files/documents/heritage/hp_epgift_flye.pdf
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Gift Tax Issues Have Been

Words: 2774 Length: 8 Pages Document Type: Essay Paper #: 57286140

The fact that the tax liability does not distinguish between qualified and non-qualified assets, means that they many people will have higher taxes when they begin taking these distributions. (Gambone, 2010) (Fisher, 2010)

This is particularly troubling because this kind of asset is often exempt from various estate and inheritance taxes. As many of the different pension and retirement plans will often claim how these investments are considered to be tax free. Yet, on the federal level there is no such distinction. This is troubling, because the conflicting regulations as far as taxes are concerned, will have an impact upon the underlying return that are investors are receiving. Where, they assume that they will be able to receive a substantial amount of tax benefits, while being able to invest in conservative areas that can provide them with continuous growth. As a result, most people are surprised by the sudden tax…… [Read More]

Bibliography

Annuity. (2011). Invest Words. Retrieved from:   http://www.investorwords.com/225/annuity.html  

Frequently Asked Questions about Pension Plans. (2011). Department of Labor. Retrieved from:   http://www.dol.gov/ebsa/faqs/faq_compliance_pension.html  

Pennsylvania Inheritance Tax. (2010). Pennsylvania Department of Revenue.

Pennsylvania Inheritance Tax. (2009). Pennsylvania Department of Revenue.
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Principles of Tax Analysis

Words: 334 Length: 1 Pages Document Type: Essay Paper #: 41105008

Tax Analysis

In Pennsylvania taxation is a huge issue, much like in the rest of the United States. arring factions on either side of the political agenda work to either raise or cut taxes within a given year. In times of economic crisis, such as is occurring in the United States at the present has forced citizens and government officials to reexamine taxation practices in the hopes of overturning the depression. In additional to federal taxes, businesses and individuals of the U.S. are required to pay taxes to the state and to their local communities (Financing page 458). State taxation can be extraordinarily high. It has been proven that many states have higher corporate tax rates than several countries of the world. hen comparing Pennsylvania to other states in the country, it becomes apparent that the current tax rate is exorbitant and putting a great deal of pressure both on…… [Read More]

Works Cited:

"Financing Government Expenditures."

"The Tax Foundation: Pennsylvania." (2009). Retrieved from http://www.taxfoundation.org/taxdata/show/477.html
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Federal Tax Treatments for Same Sex Partner

Words: 2845 Length: 11 Pages Document Type: Essay Paper #: 87207468

same-sex marriage refers to a legal married union between two persons of the same sex. In other word, same sex partner is a man legally married to another man or a woman legally married to another woman. Since same sex marriage is a new development in the United States, the federal government has faced challenges in treating the tax issues of same-sex individuals entering into marriage. The IS's (Internal evenue Service) ruling of 58-66 in 1958-1 C.B.60 determines the tax purpose for individuals who have entered into a common law marriage. Under the state law administered by the Federal income tax laws, the IS acknowledges that it recognizes individual's marital status.

Under IS uling 58-66, the Service states that a couple will be treated as married based on the Federal income tax filing purpose, and the IS has applied this uling 58-66 for over 50 years. (Internal Service evenue, 2014).…… [Read More]

Reference

Ahroni, S. & Silliman, B.R.(2014). Federal Tax Implications of Windsor . 84(7):CPA Journal.58-63.

Calhoun, C.V. (2015). State Taxes and Married Same-Sex Couples. Calhoun Law Group, P.C.

Cornell University (2015). United State v Windsor. Legal Information Institute.

Goodnough, A. Zezima, K. (2009). Suit Seeks to Force Government to Extend Benefits to Same-Sex Couples. The New York Times.
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Standard and Principles of Tax Analysis

Words: 394 Length: 1 Pages Document Type: Essay Paper #: 10684474

Pennsylvania's Unique Tax Environment

When someone says the word tax or any related form of the word, it makes people cringe. This cringe is for a good purpose. Almost everything we purchase is taxed somehow. Most of those people do not even understand all of the specific taxes that are being taken out of their checks. When comparing between different states, Pennsylvania has some unique features to its taxation system. To begin, it has a personal income tax, adopted in 1971, which is levied at a rate of 2.8%. Business taxes include a corporate net income tax of 9.99%, capital stock and franchise taxes, and taxes on public utilities, insurance premiums, and financial institutions (Braybrooks, et al., 2011). Pennsylvania's 6% sales and use tax exempts essential items like clothing, groceries, and medicines. Local sales taxes are limited to 1%. The state has an inheritance tax and has taken action to…… [Read More]

References

Braybrooks, M., Ruiz, J. And Accetta, E. 2011. State Government Tax Collections Summary Report: 2010. United States Census Bureau. Accessed: 13 Feb 2012. URL:   http://www.census.gov/prod/2011pubs/g10-stc.pdf  

Congressional Budget Office. 2011. Options for Changing the Tax Treatment of Charitable Giving. Accessed: 13 Feb 2012. URL: http://cbo.gov/ftpdocs/121xx/doc12167/CharitableContributions.pdf
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Gift Tax and the Irrevocable Trust for Estate Distribution

Words: 579 Length: 2 Pages Document Type: Essay Paper #: 38881606

Irrevocable Trust Letter

Dear Mr. Feinstein:

I enjoyed seeing you again at the Fosters' party. Hope everything works out for you and your wife with the upcoming trip!

You had asked about establishing an irrevocable trust for your two grandchildren. This would be a good way to ensure that the children are paid by the trust for 20 years with the principal distributed to them at the end of that time. However, there are certain stipulations that must be met with an irrevocable trust. With a revocable trust, you still maintain some control over the assets. With an irrevocable trust, this is not the case. The assets belong totally to the trustees and they are responsible for maintaining them. Your control over how that management is conducted is gone.

With that said, there is no reason to think this would be anything other than a good arrangement. For example, an…… [Read More]

References

Carnes, D. (2015). Tax consequences for revocable and irrevocable trusts. Zacks.

Retrieved from http://finance.zacks.com/tax-consequences-revocable-irrevocable-trusts-2838.html

Helsell, Fetterman. (2013). Irrevocable Trusts. Helsell. Retrieved from http://www.helsell.com/faq/irrevocable-trusts/

Nash, Kromash. (2015). Irrevocable Gift Trust. NK. Retrieved from http://www.n- klaw.com/irrevocable-gift-trust/
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Are Tax Avoidance Strategies Effective

Words: 931 Length: 2 Pages Document Type: Essay Paper #: 25845153

Tax Avoidance & Firm Growth

What follows in the next few pages is a review of whether there is a correlation between tax avoidance with corporations and firm growth. Indeed, looking at the literature reveals that the evidence is mixed but that the overall answer is a condition "yes," that there can indeed be a link between tax avoidance and firm growth. To explain the conditional nature of the answer garnered, one can look to the work of Desai, Foley and Hines (2006) when they assert that "firms with sizable foreign operations benefit the most from using tax havens, an effect that can be evaluated by using foreign economic growth rates as instruments for firm-level growth of foreign investment outside of tax havens" (Desai, Foley & Hines, 2006). They further state that "one percent greater sales and investment growth in nearby non-haven countries is associated with a 1.5 to 2%…… [Read More]

References

Chang, S. (2012). The Great Debt Controversy in the U.S. And Beyond. SERI

Quarterly, 5(2), 50-62.

Desai, M.A., & Dharmapala, D. (2006). Corporate tax avoidance and high-powered incentives. Journal Of Financial Economics, 79(1), 145-179.

doi:10.1016/j.jfineco.2005.02.002
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The Unfairness of US Tax Regimes

Words: 659 Length: 2 Pages Document Type: Essay Paper #: 30381875

Tax Equity and Fairness

Taxes on property are also known as ad valorem tax imposed on the real value of the estate or other assets that an individual owns. The local government imposes these property taxes and charges are on a recurring basis (Mikesell, 2014). For example, a homeowner either pays their taxes on a yearly basis or gives a monthly fee as part of the mortgage payments. It is worth noting that these taxes are subject to fluctuation basing on the jurisdiction assessment of the property's worth by looking at factors like its market value, condition, location and the changes to the apportioned amount to the various tax recipients. For instance, when residents of a given community vote to have the millage rate increased for their school system, this affects the tax rate on homeowners. Therefore, the tax levied is increased on their properties, and the reverse applies; when…… [Read More]

Reference List

Laureate Education (Producer). (2008). Budget management functions: Revenue [Video file]. Retrieved from https://class.waldenu.edu

Mikesell, J. L. (2014). Fiscal Administration: Analysis And Applications For The Public Sector (9th ed.). Boston, MA: Wadsworth
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Section 1231 and Section 1250 Recapture Codes in Taxes

Words: 574 Length: 2 Pages Document Type: Essay Paper #: 12330665

Tax Code 1231, 1245, 1250, 291

A Section 1231 asset is an asset that is non-capital, that it may receive capital gain treatment. To be a Section 1231 asset, the asset must be personal or real property used in a trade/business that has been owned for a year -- for example, a piece of equipment like a tractor. Equipment is treated the same whether it is owned by a sole proprietor or a corporation. So if it were purchased for $20,000, sold for $50,000, with a depreciation of $4,000, with a $16,000 basis, the gain would be $34,000. If the tractor were held as a 1231 asset, the gain would be the same regardless of whether you were a sole proprietor or a corporation. The gain would be counted as an ordinary income -- and the $4,000 depreciation portion of the $34,000 could be counted as Section 1245 gain (ordinary…… [Read More]

Works Cited

Anderson, Ken; Pope, Thomas. Prentice Hall's Federal Taxation 2015: Corporations,

Partnerships, Estates, and Trusts. NY: Prentice Hall, 2015. Print.
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Gift Tax

Words: 1341 Length: 4 Pages Document Type: Essay Paper #: 38155147

functioned by a state or educational organization, like a college, with tax compensations and hypothetically other inducements to make it cooler to save for college and other post-ancillary training for a selected beneficiary, such as a juvenile, daughter/son, or grandchild (Feigenbaum 2002, pg. 34). 529 plans apart from secondary benefits, have a main advantage linked to earnings.

The earnings of a person enrolled in a 529 plan are not subject to federal tax and normally not subject to state tax when used for the qualified education expenditures of the selected beneficiary. These expenditures would typically include: tuition, books, fees, books, even room and board. There are some things that are not deductible in a 529 plan, one such are contributions. Additionally, it is important to keep in mind that the IS, from time to time, will update or modify their tax laws.

Since 2009 or 2010, a qualified, nontaxable distribution…… [Read More]

References

Ameriprise. (n.d.). 529 Plan Contributions | Ameriprise Financial. Ameriprise.com. Retrieved March 1, 2014, from http://www.ameriprise.com/budgeting-investing/financial-planning-articles/estate-planning-information/529-plan-contributions.asp

Feigenbaum, R.A., & Morton, D.J. (2002). The 529 College Savings Plan. Naperville, Ill.: Sphinx.

IRS. (n.d.). 529 Plans: Questions and Answers. 529 Plans: Questions and Answers. Retrieved March 1, 2014, from http://www.irs.gov/uac/529-Plans:-Questions-and-Answers

IRS. (n.d.). Instructions for Form 709 (2013). Instructions for Form 709 (2013). Retrieved March 1, 2014, from http://www.irs.gov/instructions/i709/ch02.html
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Harry & Sally's Estate Plan

Words: 1432 Length: 5 Pages Document Type: Essay Paper #: 93307183

Though this means a loss of $150,000 over the five years the Social Security benefits are not taken, this will be paid for in just twelve and a half years by the increased amount of the benefits (that is, it will take 12.5 years for the additional $12,000 per year to equal $150,000). In addition, there is a tax benefit in waiting to collect Social Security benefits until no additional income is coming in, and as Harry plans to continue working part-time for the foreseeable future and this could lead to taxation of the Social Security benefits. When Social Security benefits are the only source of income they are very rarely taxed, but even with the healthcare expenses Harry plans to commit his salary towards this income could lead to what essentially amounts to a tax penalty, pushing the combined total of his salary and the Social Security benefits into…… [Read More]

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Capital Gains Tax in Australia Capital Gains

Words: 2921 Length: 8 Pages Document Type: Essay Paper #: 17440945

Capital Gains Tax in Australia

Capital gains tax refers to a type of tax levied on capital gains incurred by organizations or individuals. The capital gains refer to the profits that an organization or individual selling a capital asset obtains through selling an asset at a price higher than the original price. In many countries, the amount of capital gains tax takes into consideration the type of investment and the holding period of the asset. Australian capital gains tax takes a proportion of all achieved capital gains. Capital gains are not separate tax but part of the income tax on individuals and corporations upon disposing of capital assets. Australian capital gains tax exempts personal properties such as home, car, and furniture. Australian residents in any part of the world are subject to capital gains tax.

Issue 1. Moodly's Conversion of her main residence.

Moodly being a childcare worker, wishes to…… [Read More]

References

OECD Tax policy studies. 2006. Taxation of Capital Gains of Individuals: Policy

Considerations and Approaches. No.14. Paris: OECD Publishing.

Pricewaterhouse Coopers. 2006. Mergers and acquisition: A global Tax Guide. New Jersey:

John Wiley and Sons Inc.
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Property Management in Real Estate

Words: 983 Length: 4 Pages Document Type: Essay Paper #: 33865820



ased on the income stream, what is the estimate of the market value of the property this year?

The estimated property value for the building this year would be: $1,723,231.00. This number was calculated by adding the net operating income together, to determine the underlying present value of the asset.

Here are some issues concerning the physical property which may adversely affect its future cash flows. How will you deal with the following? 1. Roof needs $50,000 worth of repair work. 2. Several (6) heat pumps as part of your HVAC (Heating, Ventilation, Air Conditioner) system need to be replaced at a cost of $5,000 each. A workout facility is planned for the lower level at a cost of $125,000.

The total amount of repairs that the building will need is $205,000.00. This can be broken up over a series of five years, by investing a consistent amount of $41,000.00…… [Read More]

Bibliography

Impressive in Syracuse. (2009). CEOs for Cities. Retrieved from: http://www.ceosforcities.org/blog/entry/2201
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California Tax Payers Who Commit

Words: 1208 Length: 3 Pages Document Type: Essay Paper #: 24436915

Cancellation of debt in this instance may not be taxed in this manner but might be taxed another way.

Certain farm debts: This exemptions only applies to debt incurred directly from an operation of a farm. If more than half your income from the past three years came from farming, and the loan was owed to a person or agency regularly engaged in lending, your cancelled debt is generally not considered taxable income.

Analysis

Since 2007 and 2008, California conformed, with modifications to IC section 108 (a)(1) (E) that allows a limited amount of COD income resulting from the foreclosure or short sale of a qualified principal residence to be excluded. This exclusion does not currently apply for any foreclosure or short sale that occurs on or after January 1, 2009. Danny made his short sale in 2012. "The Mortgage Forgiveness Debt elief Act of 2007 was enacted on December…… [Read More]

References

Foreclosure and Short Sales | California Franchise Tax Board, (2012) [ONLINE] Available at:https://www.ftb.ca.gov/professionals/taxnews/2009/July/Article_9.shtml. [Accessed 16 June 2012].

New California short-sale law can help homeowners -- North Bay Business Journal - North San Francisco Bay Area, Sonoma, Marin, Napa counties - Archive, (2012) [ONLINE] Available at:http://www.northbaybusinessjournal.com/39868/new-california-short-sale-lay-can-help-homeowners/. [Accessed 16 June 2012].

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation, (2012). [ONLINE] Available at: http://www.irs.gov/individuals/article/0,,id=179414,00.html. [Accessed 16 June 2012].
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Small Business Taxes Small Business

Words: 1408 Length: 5 Pages Document Type: Essay Paper #: 63038491

The same goes for business-related periodicals and magazines. (Dratch 2008, p. 2)

Mileage: Once again, this involves careful bookkeeping, but the deductions can add up. Keep a dated log of all business-related mileage, tolls, and parking costs. According to the IRS website, the 2009 IRS deduction rate for business-related mileage was 55 cents per mile.

Travel, Entertainment, and Meals: For the small business, 100% of travel and entertainment expenses are deductible, as well as 50% of meal expenses. It should come as no surprise that these deductions must have supporting documentation showing them to be business-related.

Shelter Your Income

Investment property can be a valuable tax shelter. The IRS allows you to shelter up to $25,000 in an investment property, but there are strict requirements. You must own 10% of the property as an individual owner, not through limited partnership. And you must be involved in the "active management" of…… [Read More]

Works Cited

Akasie, Jay. (2009, Apr. 6). Last Minute Small Business Tax Tips. Retrieved May 29, 2010 from  http://www.forbes.com . [website]

Dratch, Dana. (2008, Mar. 26). A Dozen Deductions for Your Small Business. Retrieved May 30, 2010 from http://www.bankrate.com/finance/money-guides/a-dozen-deductions-for-your-small-business-1.aspx. [website]

Tax Tips for Small Businesses. (2010, Jan. 20). Retrieved May 30, 2010 from www.fool.com. [website]
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Houston Real Estate Search Prompt You Are

Words: 1463 Length: 5 Pages Document Type: Essay Paper #: 3173294

Houston Real Estate Search

Prompt:

You are a real estate consultant in Houston working with a young doctor transferring from Los Angeles to the Texas Medical Center. This doctor has completed his residency training (he has his MD degree in surgery) in Los Angeles (he made $50,000 as a resident) and will start at the UT School of Medicine in the surgery department. He is 31 years old and he is married. His wife currently teaches in the Los Angeles Community College District and she plans to work in community college teaching in the Houston area. They have mutually decided that they want to live with five miles of the medical center. They love the arts and they live big city living.

The doctor and his wife have saved a total of $20,000 over the years but his salary at UT will be in excess of $250,000 per year. They…… [Read More]

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Property Taxes Are Regressive or

Words: 331 Length: 1 Pages Document Type: Essay Paper #: 9795180

676).

Some argue, however, that the assessment of property taxes in the United States has become regressive. That is, low-income homeowners pay proportionately more of their income on property tax than their high-income counterparts. This situation has developed as homeowner incomes have slowed while property values have raised rapidly. Not all experts agree on whether property taxes are regressive or progressive. Those who argue that property taxes are progressive point to the fact that property taxes tend to reduce the return on capital (p. 690). The net effect of this is that investment in poorer areas decrease and so do rents so that property values decrease as well. The lower property values serve to decrease the property assessments and, therefore, the corresponding property tax, however, there is a delay in the timeframe.

Whether or not property taxes are regressive or progressive will continue to be debated. egardless, such taxes have…… [Read More]

References

Taxes on Wealth, Property, and Estates.

Property & Income Tax
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Basics of Consolidated Returns and Gosystem Tax Rs Taxation

Words: 1903 Length: 6 Pages Document Type: Essay Paper #: 34786433

Consolidated Tax Returns and GoSystems Tax Software

Consolidated Tax Returns

The consolidated tax return, in simple terms, is "a method by which to determine the tax liability of a group of affiliated corporations" (Pratt and Kulsrud 8-2). It is based on the assumption that the business operations of affiliated companies represent a single entity and that, hence, the group's aggregate income ought to be taxed, as opposed to the separate incomes of the member corporations. It would be prudent to mention, however, that the return does not simply report the sum of the taxable incomes of all member corporations as one large, conglomerate entity; rather, it follows a set of special Treasury regulations in determining how to make adjustments for intercompany bargains, and establishing which items to state on a consolidated basis (Pratt and Kulsrud 8-2).

The History of Consolidated Tax Returns

The consolidated tax return traces its origin to…… [Read More]

Works Cited

CPA Practice Advisor. " 2012 Review of Thomas Reuters -- GoSystem Tax RS." CPA Principal Advisor, 2012. Web. 29 August 2014  http://www.cpapracticeadvisor.com/article/10682894/2012-review-of-thomson-reuters-gosystem-tax-rs 

Find Accounting Software. "GoSystem Tax." Find Accounting Software, 2014. Web. 29 August 2014  http://findaccountingsoftware.com/directory/thomson-reuters-professional-software-services/gosystem-tax/ 

Pratt, James, and Kulsrud William. Corporate, Partnership, Estate, and Gift Taxation 2013. 7th ed. Mason, OH: Cengage Learning, 2012. Print.

Thomson Reuters. "The Most Sophisticated Income Tax Software in the Profession: GoSystem Tax RS." Thomson Reuters Inc., 2014. Web. 29 August 2014 https://cs.thomsonreuters.com/gosystem/
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Charitable Contributions and Tax Benefits Unfortunately Much

Words: 1051 Length: 3 Pages Document Type: Essay Paper #: 1038639

Charitable Contributions and Tax Benefits

Unfortunately, much of the elite of the upper class are afforded leeway and loopholes on tax obligations that allow them to pay much less percentage wise than other taxpayers in different income brackets. Much of this is due to the ability to use tax deductions, like charitable contributions in large amounts, to lower their annual personal incomes before taxes. However, many of the top contributors to charity donate above the maximum allowances for charitable deductions, showing a clear resolution to give based on ethics, rather than for the sole purpose of tax deductions alone,

Bill Gates is currently one of the top money makers in the world, yet he is also one of the largest contributors to charitable institutions as well. The amounts of donations Bill Gates contributes to various charities, including his own charitable foundation, is well over the top end limit of what…… [Read More]

References

Kim, Susana. (2011). Warren Buffett reveals 'billionaire friendly' tax return. ABC News. Web.  http://abcnews.go.com/blogs/business/2011/10/warren-buffett-reveals-billionaire-friendly-tax-return/ 

Jacob, Deborah. (2011). Charitable giving by Steve Jobs may forever remain a mystery. Forbes. Web.  http://www.forbes.com /sites/deborahljacobs/2011/10/06/charitable-giving-by-steve-jobs-may-forever-remain-a-mystery/

Mail Foreign Service. (2010). Bill Gates makes the world's biggest ever single charitable donation worth 6.2 billion pounds for vaccines for children. Mail Online. Web.  http://www.dailymail.co.uk/news/article-1247067/Bill-Gates-makes-worlds-largest-charitable-6bn-vaccines-poor-children.html 

Squatriglia Chuck & Espinosa-Solis, Suzanne. (2000). Intel co-founder sets up $5 billion foundation: Gordon Moore Foundation. San Francisco Chronicle. Web.  http://www.mindfully.org/Reform/Intel-Gordon-Moore-Foundation.htm
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East Coast Real Estate Families

Words: 2260 Length: 6 Pages Document Type: Essay Paper #: 45960295



What's the family current worth?

Today, the Trump family business stands at a net worth of $2.6 billion. (#74, Trump, Donald John)

How much total square footage does the Trump family own?

The total square footage has been estimated at a 14.5 million. (#74, Trump, Donald John)

The LeFrak Family:

What family member started the LeFrak family business and when?

LeFrak family has been forming its mark on Queens, as it has been building both residential as well as commercial complexes in the area from the year 1905. What is different about the LeFrak family is that the family had been Europe's builders for the previous 2 generations, before setting up their business in the United States of America in 1905; Maurice LeFrak had started as a developer in France in the 1840's, and later, Aaron who was Maurice's son, and his grandson named Harry, arrived at New York City.…… [Read More]

References

Bagli, Charles. V. Lewis Rudin, head of real estate family and a Frequent City Fiscal Savior

Dies at 74. The New York Times, September, 2001. p. 5.

Franklin Co. Historical Society. Franklin County, Illinois, 1818-1997. Turner Publishing

Company. 1996.
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Rising Cost of Real Estate

Words: 3338 Length: 8 Pages Document Type: Essay Paper #: 8457367

prices of real estate are on their way up and thus it would be a prudent investment for a person. The reasons for this are a continuous hike in prices, and there are clearly two main reasons for the increase in prices -- the decrease in interest rates that have occurred in spite of steps by the government to the contrary and the speculative activity that is taking place in real estate. It would be noticed that people are moving out of the decisions of the government regarding interest rates, and interest rates are likely to remain low for some time which would make an investment in real estate a prudent investment. egarding the speculative part of the investment, it is likely that even in spite of the increase in prices, the returns from real estate is still low as compared to other investments and the yield is likely to…… [Read More]

References

Deane, Daniela. (April 17, 2005) "In Real Estate Fever, More Signs of Sickness" Washington

Post. P: A01. Retrieved from  http://www.washingtonpost.com/wp-dyn/articles/A59515-2005Apr16.html  Accessed on 7 July, 2005

Greenspan, Alan. (June 9, 2005) "Testimony of Chairman Alan Greenspan before the Joint

Economic Committee, U.S. Congress" Retrieved from  http://www.federalreserve.gov/boarddocs/testimony/2005/200506092/default.htm  Accessed on 7 July, 2005
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New York Real Estate and Office Markets

Words: 2269 Length: 7 Pages Document Type: Essay Paper #: 47899782

New York eal Estate and Office Markets

NEW YOK CITY OFFICE MAKET

New York is one of the premiere metropolitan areas of the world, exerting a significant impact on global commerce, finance, media, art, fashion, research, technology, education, and entertainment. The home of the United Nations Headquarters, New York City is an important center for international affairs and is widely deemed the cultural capital of the world. With its unmatched scope of building types, diverse tenant base and extensive transportation system, the city has earned an iconic and prominent place in the global market.

The borough of Manhattan serves as its hub and is the nation's largest single office market with 450 million square feet of space (Brown, 2007). Its office inventory is greater than the next five largest U.S. markets combined and features some of the world's most iconic properties (Beauregard, 2005). This paper explores the current state of…… [Read More]

References

1. Beauregard, R.A. (2005). The textures of property markets: Downtown housing and office conversions in New York City. Urban Studies (Routledge), 42(13), 2431-2445. doi:10.1080/00420980500380345

2. Brown, J.L. (2007). Demolition in Manhattan Gains Momentum. Civil Engineering (08857024), 77(8), 34.

3. Gong, H., & Keenan, K. (2012). The Impact of 9/11 on the Geography of Financial Services in New York A Few Years Later. Professional Geographer, 64(3), 370-388. doi:10.1080/00330124.2011.603654

4. Gregor, A. (2011). Demand for Office Condos Grows in Manhattan. New York Times. p. 6.
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U S Tax Policy Although Smokers

Words: 2407 Length: 7 Pages Document Type: Essay Paper #: 41402953



orks Cited

Thorndike, Joseph J. "The IRS Is Hiding Its History." The ashington Times.

December 19, 1997, p. A23. February 18, 2008. http://www.taxhistory.org/thp/readings.nsf/cf7c9c870b600b9585256df80075b9dd/9de7fcd59915a3be85256e430079327d?OpenDocument

Question

After 9/11, the Federal Reserve Bank, then led by Alan Greenspan, used monetary policy reduced the interest rate, or the rate that consumers must pay to borrow money. This did encourage individuals to spend more. However, it is still debatable if this was the most vital component in extricating America from the throws of economic recession. Government spending, or fiscal as opposed to monetary policy, is often seen as a more direct and superior way to rapidly change economic conditions. Fiscal policy was required to stimulate America's recovery from the Great Depression, according to conventional wisdom, although some still argue that it was the Hoover administration's monetary policy that was ineffective, not that monetary policy was ineffective altogether.

But most economists believe that, to get the…… [Read More]

Works Cited

Heakal, Reem. "What is fiscal policy?" Investopedia. October 22, 2008.  http://www.investopedia.com/articles/04/051904.asp 

Question

Fairness does matter when creating a tax system. In terms of a consumption tax, the poor often consume more than the rich, at least in terms of a percentage of their income. While for a wealthy individual, much of his income can be locked up in assets, making money off of money, for a poor individual, the bulk of his or her income is devoted to buying necessary goods, including rent and food. The consumption tax taxes everyone equally on the surface, regardless of how someone has benefited from the economic system of a particular society, and actually favors those who can allocate their income to sectors of the economy that are not taxed (such as investments, which are not technically consumption).

A flat tax, where everyone pays the same amount, has similar problems in terms of allocating wealth. 15% of a poor person's income, a person who must pay for his or her rent, food, and necessities out of his or her weekly paycheck, means more to that individual than 15% of an income where much of that income can be devoted to investments and luxuries. While not as unfair as a consumption tax as investment income is also taxed, a flat tax is still unfair, and finding the right percentage to finance government operations yet not to be prohibitively costly for the poorest members of society is a difficult balance to strike. The only good thing about the flat tax is its simplicity, as along with the consumption tax as it requires less bureaucracy to enforce. Bureaucracy is expensive as well as frustrating (as anyone who has ever had to fill out a tax form beyond the standard EZ-file well knows!).
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Hong Kong Real Estate Industry

Words: 1053 Length: 3 Pages Document Type: Essay Paper #: 92720743

Hong Kong eal Estate Industry

China and Hong Kong have evolved into fiercely competitive economic superpowers on the international scene across several markets and industries. This has become none more apparent than in the real estate market, which has experienced a recent "boom" in both Hong Kong and China, and seems to be proving some longevity. Although both of these countries are experiencing an influx of foreign investment in residential and commercial real estate, there are vast differences between China and Hong Kong, which are highly influential in investors' decisions regarding whether or not to purchase land, commercial buildings, or residences in these countries. In particular, China and Hong Kong differ substantially in factors relating to political history, especially in regards to Hong Kong's transition since 1997 into one country with two systems, having to compromise new Chinese authority with old British influenced rule of law. Other key factors in…… [Read More]

References

Newell, Graeme; Wing, Chau Kwong; Kei, Wong Siu; McKinnell, Keith. "Factors Influencing the Performance of Hong Kong Real Estate Companies." Journal of Real Estate Portfolio Management. American Real Estate Society Cleveland State University. 2007. Retrieved March 23, 2011 from HighBeam Research: http://www.highbeam.com/doc/1P3-1261954211.html

http://www.economypoint.org/s/speical-economic-zone.html

http://www.phrasebase.com/countries/hong-kong
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Carson Estate Case

Words: 537 Length: 2 Pages Document Type: Essay Paper #: 10502239

Carson Estate

This case about the Carson Estate Company, a REIT based in the Los Angeles area that has been in existence since the 18th century. This paper will examine some key questions about the Carson Estate Company.

Survival

The Carson Estate Company has been able to survive for 15 generations for a couple of reasons. The first is that the way the company has been organized has held most of the company's assets together. The share structure has allowed for heirs to earn wealth from the estate without having to divide the company. Second, the company has been able to change with the times. Since its inception, the land the company owned was agricultural land, developed for resources like oil and water, and now is commercial and residential real estate in a major urban area. The ability to change with the times has been essential to its survival.

Governance…… [Read More]

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Property Taxes

Words: 3190 Length: 10 Pages Document Type: Essay Paper #: 32584113

Public finance is an area of study that has received a great deal of attention throughout the years. In recent years public finance has become more of a critical issue because of the economic recession that has plagued the country. There are various methods of public finance that exist and remain as a popular way for local and state governments to raise revenues. For the purposes of this discussion the issue of property taxes will be the focus as it pertains to local governments and the use of "user taxes" to help pay for local government services.

Public finance is described as "the branch of economics that studies the taxing and spending activities of government (Rosen, 2003)." Additionally public finance deals with the issue of both positive and normative analysis. Positive normative analysis involves factors related to cause and effect whereas normative analysis refers to ethical issues associated with the…… [Read More]

Works cited

Anderson E. (2009) Sharing the Wealth: What Happens to Municipalities when Counties Decide to Change the Local Sales and Use Tax Distribution Method. http://www.mpa.unc.edu/students/documents/EmilyAndersonsCapstone.pdf

Bahl, (2004). "Local government expenditures and revenues." Management Policies in Local Government Finance. 5th edition

Dornfest, A.S.,Van Sant, S., Anderson, R., Brown, R. (2010) Journal of Property Tax Assessment & Administration. 7 (4), 107-111.

Hosseini, B. (2010) . Chapter 4 to the Rescue: California Attempts to Prevent the Unjust Reallocation of Local Sales and Use Taxes. McGeorge Law Review; 41(3), p600-606
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Federal Tax

Words: 1151 Length: 3 Pages Document Type: Essay Paper #: 66328881

Employee Compensation Deduction

Tax Research Memorandum

Mr. Jones, President

From: Tax Accountant, CPA

Tax Treatment of Employee Compensation in Business Deductions

Facts

Mr. Jones is the President of a corporation owned by him and members of his family. Mr. Jones was paid $48,000 in salary and the corporation paid $12,000 in a pension plan contribution on Mr. Jones's behalf for the tax year. The IRS Agent claims that both the salary paid to Mr. Jones and the pension plan contribution must be taken into account to determine whether the total compensation is reasonable in amount. The corporation wants to know if the pension plan contribution must be taken into account in determining the total compensation reasonableness to Mr. Jones.

Issue

The issue is whether the pension plan contribution paid by the corporation must be included with Mr. Jones salary for the tax year to determine whether the total compensation was…… [Read More]

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How to Market a Free Service in Real Estate

Words: 8571 Length: 28 Pages Document Type: Essay Paper #: 71242895

Marketing Plan for a KW Service Designed to Generate New Clients

Product Idea

The product idea for this marketing plan is a service that Keller Williams could provide to potential home buyers/investors that no other competitor is currently offering: that is, free educational classes for the public about the process of buying, investing, owning, keeping up or rehabbing houses. The purpose of this service would be that it draws potential clients into the office and generates leads for agents working within the office.

Keller Williams is a national real estate brokerage with offices in districts around the U.S. The office branch of Keller Williams for this marketing plan is located in Houston, Texas, which is the "home" of Keller Williams -- the place where the brokerage began.

The problem that this service would target is the problem that a lot of new home buyers often experience, which is that they…… [Read More]

References

Abram, C., Pearlman, L. (2012). Facebook for Dummies. NJ: Wiley and Sons.

Baloun, K. (2006). Inside Facebook. CT: Baloun Publications.

Collis, D., Rukstad, M. (2008). Can you say what your strategy is? Harvard Business

Review (April): 82-90.
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The elderly and disabled property tax exemption

Words: 566 Length: 2 Pages Document Type: Essay Paper #: 84421804

Government: Fiscal Policy

One of the policies that the local and the federal governments have strived to streamline in order to help the local citizens who are old and disabled is the property tax exemption for senior citizens and disabled persons. This is one policy that is complex to understand ye it is crucial to do so since it is the good understanding of the same that will enable one to apply and benefit from the government tax relief.

The article outlines some major points that need to be understood by the elderly and disabled in line with property tax exemption. There are four factors, the age or disability, ownership, residency, and income requirements that the article outlines for one to be eligible for the property tax exemption in Washington State. The article outlines that on the 31st December of the year of eligibility the individual must have been 61…… [Read More]

References

Washington State Department of Revenue, (2016). Property Tax Exemption for Senior Citizens and Disabled People. Retrieved May 22, 2017 from http://dor.wa.gov/Docs/Pubs/Prop_Tax/SeniorExempt.pdf
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Goodman v Granger Case

Words: 1282 Length: 4 Pages Document Type: Essay Paper #: 35513084

Goodman v. Granger Case

Goodman v Granger Case was the case that revealed the problem of estate valuation for the tax purposes. The case reveals the examination of instances where the value of the property of the deceased is different from the value of the property during his life and the examination of the case are to ascertain whether the value of the property increased or decreased. The court of Appeal reversed the rule of the District Court on the ground that the contract right should be given its full value for the purpose of estate tax purpose.

The purpose of this paper is to explore the principal issues of the U.S. Court of Appeal based on the Goodman v. Granger case.

Principal Issues of the U.S. Court of Appeal

The principal issue in the case is to ascertain when the federal government estate tax attaches. "More specifically stated, when…… [Read More]

Reference

Columbia Law Review, (1958). Taxable Value of Estate Determined at Instant after Death, Columbia Law Review. 58 (1): 124-126.

Brandon, M.M. (1961). Estate Tax - Buy-Sell Agreements, Louisiana Law Review, 21(4): 827-630.

Meresidis, A. (2002). The I.R.C. § 2053(a)(3) Controversy: Should Events After Death Affect the Value of Estate Tax Deductions for Claims Against the Estate? Fordham Law Review, 70(6).

United States Court of Appeal (1957). Goodman v. Granger 243 F.2D 264 (3D CIR. 1957), United States Court of Appeal Third Circuit.
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Pre-Negotiation Memorandum

Words: 2123 Length: 5 Pages Document Type: Essay Paper #: 86286981

Prenegotiation Memorandum (pm)

Negotiation Team

Re: Tamarack, MN and Twin Lakes Mining Company

Position Structure

Twin Lakes Mining Company

The Twin Lakes Mining Company (hereafter known as 'company') makes significant contribution to Tamarack, Minnesota - employing 21% of the residents, providing 33% of the total real estate tax base - and is considered an integral entity to the town's longevity. The city needs Twin Lakes to maintain the current standard of living the residents enjoy.

The City of Tamarack

The city operates on a zero deficit per annum decree. Twin Lakes Mining Company has directly caused some of the need for improvements concerning water quality, air quality, and effluvia and pollution management. The city also relies upon the heavy property taxation to provide economic, culture, and recreation services to the community. Twin Lakes Mining Company does not need the City of Tamarack (hereafter known as 'city') to continue operations in…… [Read More]

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Elsie Dennis Maynard Deceased Ralph

Words: 1512 Length: 5 Pages Document Type: Essay Paper #: 87231753

In addition to the monthly rent, the lessees paid the trust all real property taxes that were assessed on the property. The trustee took a fee from the percentage of rental income received and from a percentage of the real estate tax that was collected, and the beneficiaries objected to the trustee imposing a fee on the tax money received by the trust.

Issue: Did the court err when it denied the trustee's motion for partial summary judgment in regards to an action that challenged in part the trustee's assessment of a fee on portions of trust income that was designated for payment of property taxes?

aw: Even though Haw. Rev. Stat. § 607-18 (1993) allowed for the fee on the tax money, the beneficiaries argued that there was a reasonable restriction on the fee imposed by reason of Haw. Rev. Stat. § 560:7-205 (1993). Bremer v. Weeks, 104 Hawai'i…… [Read More]

Law: Even though Haw. Rev. Stat. § 607-18 (1993) allowed for the fee on the tax money, the beneficiaries argued that there was a reasonable restriction on the fee imposed by reason of Haw. Rev. Stat. § 560:7-205 (1993). Bremer v. Weeks, 104 Hawai'i 43; 51, 85 P.3d 150, 158 (2004); in re the Estate of Bishop, 53 Haw. At 605-06, 499 P.2d at 672; in re Wharton's Trust Estate, 28 Haw. At 509; Matthewson v. Aloha Airlines, Inc., 82 Hawai'i 57, 71, 919 P.2d 969, 983 (1996); Mahiai v. Suwa, 69 Haw. 349, 356-57, 742 P.2d 359, 366 (1987); Franks v. City and County of Honolulu, 74 Haw. 328, 335, 843 P.2d 668, 671-72 (1993).

Reasoning: Based on the plain language of and the legislative history underlying HRS § 560:7-205, courts may review the reasonableness of a trustee's determination as to what constitutes income. In this case the trustee's determination of trust income was reasonable because income included real property taxes.

Holding: Vacated and remanded.
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Capital Gain the Revenue Reconciliation

Words: 2401 Length: 8 Pages Document Type: Essay Paper #: 7106500

Furthermore, capital gains normally tend to be spread across a wider income scale than many believe. According to the IRS Individual Income Tax Returns, Preliminary Data, 1992 federal income tax returns, 55% of returns claiming capital gains were from incomes of $50,000 or less, including a capital gain (Thorning, 1995). hat this information appears to come down to is that the capital gains tax affects almost everyone, which happens to affect the economy in general.

Tax Act of 2011

ith some of the huge advantages that have been back loaded, the Tax Relief Act of 2001 displays itself as more of a tax odyssey than what would be considered a tax act. The most positive of those that are called our planners really just provide estate tax repeal which is a 50/50 possibility of essentially being executed. Taxpayers and planners similarly are left with the troublesome query, "hat is the…… [Read More]

Works Cited

Gordon, M. (2209). Stock Market Looks More Like Face of America, Survey Says. The Associated Press Business News, 25.

John Freear and William E. Wetzel, J. (2009). Who Bankrolls High-Tech Entrepreneurs? American Council for Capital Formation Center for Policy Research,, 101.

Michael J. Graetz. (2010). Distributional Analysis of Tax Policy. Discovery and the Capitalist Process, 105-121.

Robert Gillingham, a. J. (2007). The Effect of Marginal Tax Rates on Capital Gains Revenue,. National Tax Journal, 123.
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College Case Study What Are

Words: 2496 Length: 8 Pages Document Type: Essay Paper #: 47049122



Thus, the college has not only developed values, but has put them into practice using the preceding methods.

What are the greatest challenges facing the institution?

As previously mentioned, the challenges facing the institution are similar to those facing other institutions, including client services, problem technology, professionalism, and environmental vulnerability (Baldridge et al., 2000, p.128-130). In the area of client services, Readers State College has difficulty meeting the needs of all clients, whose diverse demands are often too great for the college to handle. While "the clients demand and often obtain significant input into the institutional decision-making processes" (Baldridge et al., 2000, p.129), that input is not necessary the same for all clients, as the college has not yet found a good balance regarding how to handle the demands from all clients. In the area of problem technology, the college's problems are much the same, as clients demanding different actions…… [Read More]

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Rent Versus Own

Words: 4260 Length: 12 Pages Document Type: Essay Paper #: 27597950

ent vs. Own

Housing serves as a shelter for all the people and their family, satisfying their main physical need and holding the equipment people need for their daily routines. Although the necessity of having a housing unit is clear, owning a house has become fashionable and is looked upon nowadays as a long-run investment decision which provides stable and rather good return. In this scope, the tenure choice, or the decision whether to own a house or to rent, is a personal choice, which depends on personal financial situation as well as socio-cultural factors as the desire for independence and security connected with owning a house rather than renting.

This issue has raised many discussions among scholars on the factors that influence the tenure decision and whether the decision is rational. Especially such works have become important after several amazing rises in the house prices, which were then followed,…… [Read More]

References:

1) Antonia Diaz, Maria J. Luengo-Prado, 'On The User Cost and Home Ownership', May 18,2003.

2) Hoesli, M. & MacGregor, B.D.: Property Investment. Principles and Practice of Portfolio Management.

3) J.V. Henderson, Y.M. Ioannides, 'A Model of Housing Tenure Choice', The American Economic Review, Vol. 73, No. 1, March, 1983: 98-113.

4) Lori L. Taylor, Does the Untied States Still Overinvest in Housing?, Senior Economist and Policy Advisor, Federal Reserve Bank of Dallas, available from: http://www.dallasfed.org/research/er/1998/er9802b.pdf
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Combining Life Insurance With Trusts to Provide Greater Family Financial Protection

Words: 2601 Length: 8 Pages Document Type: Essay Paper #: 74705098

Combining Life Insure With Trusts to Provide Better Family Financial Security

Summery: Life Insurance and Trusts are two financial arrangements which provide security to the family and living relatives of the owner of property or trust. In this article, we look at insurance, trusts and how these can be used for better financial security and risk management. The article contains six references.

Financial risk management is an important concept in the field of management. A person with an established business, occupation or source of income can suddenly take ill, resulting in the loss of that income which depended on him to generate. This can be a serious loss for him and others who depend on the income.

There are two financial instruments which are available which can continue to provide to him or his dependents financial compensation or income based on his previous investments. For monetary investments which had been…… [Read More]

References

Trust and trustees. 2003. Introduction to trusts. Referenced: November 19, 2003. Web site: http://www.trusts-and-trustees.com/main.htm

William G. Kistner, Healthcare and Financial Management. July 1998. Life insurance trusts can save estate taxes. Referenced: November 19, 2003. Web site: http://www.findarticles.com/cf_0/m3257/n7_v52/21045779/p1/article.jhtml

1040 accountant.com. Types of trusts. 2003. Referenced: November 19, 2003. Web site: http://www.1041accountant.com/types-of-trusts.htm

College for financial planning (CFFP). 2003. Life Insurance Trusts: A way to save taxes and exert control. 2003. Referenced: November 20, 2003. Web site: http://www.insweb.com/learningcenter/articles/life-estate.htm
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National and the International Communities There Are

Words: 1086 Length: 3 Pages Document Type: Essay Paper #: 86069554

national and the international communities there are circumstances and realities that are in need of change. The social and financial implications of the way in which American government and society works is up for review. With regards to five very foundational issues, the growing divide between the rich and the poor, the role of the media, market capitalism and its shaping of the American culture, the role between money and politics, and the role of power in American politics.

No one should be surprised by the polls showing that close to 90% of Americans are satisfied with the performance of their selected President, or that close to 80% of the citizenry applaud his Administration's seat-of-the-pants management of an undeclared war. After all, most Americans get their information from media that have pledged to give the American people only the President's side of the story. (McChesney & Nichols 2002)

The media…… [Read More]

Sources

Thomas Frank, One Market Under God (2002)

Thomas Frank, What's the Matter with Kansas? (2004)

Paul Taylor "The Short Unhappy Life of Campaign Finance Reform" (2003)

Robert W. McChesney & John Nichols "The Making of a Movement: Getting Serious About Media Reform" (2002)
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Business Proposal for Obama

Words: 580 Length: 2 Pages Document Type: Essay Paper #: 21357702

personal income tax policy become one of the primary issues in the 2012 Presidential election campaigns from both parties. Obama has publically stated that he wishes for the Bush tax cuts, which substantially advantage the top one percent of income earners, to expire. However, he wishes to retain tax savings for the middle class. Mitt Romney on the other hand has stated that he would like to extend the Bush tax cuts, accelerate them even, and further reduce rates that individuals pay to United States as part of his plan to stimulate the economy. This analysis will consider both sides of this contentious issue and make recommendations to the Obama campaign as to how best to market their position on personal income tax policy.

Both candidates offer the American electorate only general outlines of their major tax proposals. Obama campaign touches on broad concepts such as raising tax rates on…… [Read More]

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Big Business in America

Words: 1785 Length: 6 Pages Document Type: Essay Paper #: 75392890

Andrew Mellon was an important figure in American history. His policies and strategies helped to shape the American economy and the tax policies that exist. The purpose of this paper is to discuss Andrew Mellon the man and his history as the Secretary of Treasury in the 1920's. The discussion will seek to dispel the assertion that Mellon only aided the wealthy and that his policies helped trigger the Great Depression.

Andrew Mellon

Andrew Mellon's family was composed of entrepreneurs who had accumulated wealth through the companies that they owned. According to the United States department of the Treasury, Andrew Mellon showed an acumen for finance when he formed a lumber business when he was only 17 (History of the Treasury). Mellon joined his father's banking firm at the age of 19 and became the owner of that bank at the age of 27 (History of the Treasury). In addition,…… [Read More]

Bibliography

History of the Treasury. United States Department of the Treasury. 2005 http://www.ustreas.gov/education/history/secretaries/awmellon.html

Brooks, Robert C. Political Parties and Electoral Problems. New York: Harper & Brothers, 1923.

Craig, Douglas B. After Wilson: The Struggle for Control of the Democratic Party, 1920-1934. Chapel Hill, NC: University of North Carolina Press, 1992.

Foster, William Trufant, and Waddill Catchings. Profits. Boston: Houghton Mifflin Company, 1925.
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Business in China Companies Have

Words: 605 Length: 2 Pages Document Type: Essay Paper #: 47956116



Another factor that must be taken into consideration is represented by the business etiquette in China. Business etiquette in this country is significantly different than that of Western countries, but it is similar to other Asian countries. The analysis of business etiquette is based on the cultural dimensions that characterize the Chinese population. Same as in the case of other Asian cultures, China has a high long-term orientation, which means that the country's population has a strong attitude on persevering. Also, there is a high level of power and wealth inequality within the society. The Chinese culture is a collectivist one, and businessmen should refer to this fact in their meetings with Chinese partners (International Business Center, 2008).

The differences between the business etiquette in China and those in other countries refer to aspects like the appearance and clothing style, the behavior at meeting, offering and receiving gifts, and communications.…… [Read More]

Reference list:

1. Import Export Flow Chart (2008). HKTDC. Retrieved August 10, 2011 from http://www.hktdc.com/info/mi/a/bgcn/en/1X002LZA/1/Guide-to-Doing-Business-in-China/2-1-Import-Export-Flow-Chart.htm.

2. China (2008). International Business Center. Retrieved August 10, 2011 from  http://www.cyborlink.com/besite/china.htm .
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Managerial Accounting

Words: 3959 Length: 14 Pages Document Type: Essay Paper #: 32541705

Dick and Mac McDonald opened their first restaurant in 1940 in San ernadino, California. These men were among the first to introduce the concept of "fast food," and made dining fun for children. McDonald's went on to enjoy over 60 years of growth, which has only tapered in the last year due to a failure to expand successfully into places such as olivia. Despite these recent setbacks, it is notable that only the third world could thwart McDonald's is a testament to its brand name and its revenue model. There are currently over 28 thousand McDonald's Restaurants in over 120 countries. McDonald's global sales in 2000 were over 40 billion, and the company could boast 16 billion customers that year.

McDonald's success didn't occur in an incremental, measured fashion. The company only really took off in 1954 when a mixer salesman, Ray Kroc, discovered the operation and found a way…… [Read More]

Bibliography:

Lesson 5: The Wealth Tax of 1935 and the Victory Tax of 1942. Internal Revenue Service. 2002. http://www.irs.gov/app/understandingTaxes/jsp/whys/lp/IWT2L5lp.jsp

PROCEDURES FOR FILING PARTNERSHIP RETURNS (FORM 1065) BY PARTNERSHIPS REQUIRED TO FILE ELECTRONICALLY AND WHO ARE ENTITLED TO RELIEF. 2002. http://www.irs.gov/efile/article/0,id=98293,00.html

John F. Love. McDonalds; Behind the Arches. Bantam Books, 1995.

The Route to Fast Food Franchising. The Times 100 Case Studies. 2002. http://www.thetimes100.co.uk/document.asp?HeaderID=40&SectionID=274
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Mortgage Fraud

Words: 13949 Length: 38 Pages Document Type: Essay Paper #: 29194376

Mortgage Fraud

If a rash of armed bank robberies swept across merica next year, and if in these robberies criminals absconded with $30 billion dollars, one may be certain that a public panic would ensue. The banking system would likely be changed forever. If thousands of armed thugs went rampaging across the nation forcing people out of their homes, into the streets, and then destroying the properties, leaving the occupants homeless -- well then one might be certain that fear would force our society to adapt its proceedings and its policies to fight this thuggish threat. Yet in many ways this is precisely the situation currently occurring with recent rise in mortgage fraud and abuse. Certainly, the criminals are armed with paperwork instead of shotguns, but the impact they are having is no less real. "uthorities have stated that fraud is involved in $60 billion in loans annually, resulting in…… [Read More]

ACORN. 2004. Separate and Unequal: Predatory Lending in America.

Association of Community Organizations for Reform Now, February.

The way in which appraisals are based on the racial "desireability" of neighborhoods is an essay to itself.
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Doublespeak as Melissa Murphy Makes Clear in

Words: 376 Length: 1 Pages Document Type: Essay Paper #: 46299971

Doublespeak

As Melissa Murphy makes clear in her article, the government is particularly adept at employing doublespeak; doublespeak has lately become one of the most powerful propaganda tools. For example, several years ago the issue of estate taxes crept into the news. Estate taxes are basically the government taxing a person's estate upon their death. The tax mostly affects the very wealthy, those whose assets are actually large enough to be classified as an "estate" in the first place. Due to some powerful lobbying efforts, many politicians were determined to eliminate the estate tax. To do so, however, the politicians had to change the name to make the tax sound completely offensive and unpalatable. They came up with a great doublespeak for the estate tax: death tax. Calling it the death tax made the term laden with gory images, horror, and pain. Suddenly those persons who would normally vote for…… [Read More]

Works Cited

Murphy, Melissa. "Doublespeak."

Tannen, Deborah. "Why Don't You Say What You Mean?"
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Budget of New York State

Words: 571 Length: 2 Pages Document Type: Essay Paper #: 5825445



April 1, 2015 and March 31, 2016, an estate of $3,125,000 is exempt.

April 1, 2016 and March 31, 2017, an estate of $4,187,500 is exempt.

April 1, 2017 and Dec. 31, 2019, an estate of $5,250,000.

Raising the estate tax rates will help the families of the most advantaged members of the population.

However, there were also provisions made for education that should increase funding for schools. However, most of these funding increases were geared strictly at charter schools. New York City charter schools will now enjoy some of the greatest protections in the country; under the new state budget agreement, for the first time ever, charter schools will be eligible for government funds (MYFOXNY, 2014). A $1.1 billion, or 5.3%, increase in education aid, with high-needs districts getting almost 70% of the hike; allocations of $340 million for universal pre-K during each of the next two years, with…… [Read More]

Works Cited

AP. (2014, March 24). NY budget talks continue in Albany as deadline nears. Retrieved from AP:  http://www.syracuse.com/news/index.ssf/2014/03/ny_budget_talks_continue_in_albany_as_deadline_nears_1.html 

MYFOXNY. (2014, March 30). Huge win for NY charter schools. Retrieved from Fox NY: http://www.myfoxny.com/story/25108048/highlights-of-proposed-140b-ny-2014-15-budget

Weaver, T. (2014, March 29). 2014 NY State Budget. Retrieved from the Post-Standard:  http://www.syracuse.com/news/index.ssf/2014/03/ny_budget_details_property_tax_freeze_30_million_for_onondaga_lake.html 

Weaver, T. (2014, March 29). NY Budget: Estate tax change. Retrieved from the Post-Standard:  http://www.syracuse.com/news/index.ssf/2014/03/ny_budget_estate_tax_change.html
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The Marketing Project Phase

Words: 11208 Length: 2 Pages Document Type: Essay Paper #: 15265691

Slice of Heaven and Associates

Tiny Homes Market Plan

Slice of Heaven Marketing Plan

Product Description

Value Proposition

Critical Issues

Market

Macro Environment

Market Size and Growth

Market Trends

Target Market Segments

Competitive Analysis

Direct Competition

Indirect Competition

Marketing

Marketing Objectives

Financial Objectives

Positioning Strategy

Product Strategy

Pricing Strategy

Distribution Strategy

Integrated Marketing Communications Strategy

Advertising

Sales Promotion

Direct Marketing

Public elations

Branding Strategy

Market esearch

evenue

Break-Even Analysis

Sales Forecast

Expense Forecast

Marketing

Marketing Implementation

Controls

Marketing Organization

Contingency Planning

Appendix 1 Positioning Map

Appendix 2 Marketing Organization

Executive Summary

Goals

Founded in 2016, Slice of Heaven is a community of small economic homes set in an urban setting that are both environmentally friendly and aligned with your values for low cost. We build small homes using recycled materials such as reclaimed lumber and generate power through the use of solar energy. Our homes are situated in a gated…… [Read More]

References

(n.d.). Retrieved from United States Census Bureau: http://www.bankrate.com/financing/mortgages/mortgage-rates-for-friday-april-29/

(n.d.). Retrieved from North Carolina Public Health Association: https://ncpha.memberclicks.net/

15 Economic Facts About Millennials. (2014, October). Retrieved from Whitehouse: https://www.whitehouse.gov/sites/default/files/docs/millennials_report.pdf

Business Licenses. (2015, July 1). Retrieved from City of Raleigh: https://www.raleighnc.gov/home/content/Finance/Articles/BusinessLicenses.html
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Steps on Buying Home

Words: 2002 Length: 7 Pages Document Type: Essay Paper #: 74401878

Home Buying Process

The first step in home buying is to understand what purchase price the much the homeowner can afford, how large of a down payment is required and what the monthly are likely to be given various mortgage options. Many home buyers begin the home buying process by looking for the 'perfect' house in their favorite neighborhood without really understanding the factors that contribute to being able to afford a home. As a result, it is easier than one might think to make a decision that costs a lot more on a monthly basis than the buyers originally thought.

The first factor in affording a home is the buyer's income and liquidity as compared to established and ongoing debts. While homebuyers will place a priority on making the mortgage payments at the expense of other obligations if need be (like credit cards and student loans, for instance), neither…… [Read More]

One of the final stages in purchasing a home will be securing the proper insurance. This is important for two reasons. First, most lenders will require that certain insurance coverage be purchased. Second, like the lenders, the buyer wants his investment (and home) to be as protected as possible. The most common form of required insurance is homeowners insurance, commonly referred to as fire and windstorm insurance. The premiums for this policy will vary depending on proximity to a flood or hurricane zone. The lender may also require mortgage insurance which would provide mortgage payments if the buyer becomes disabled and is nable to continue making the mortgage payments. Finally, another policy is known as 'renters' insurance which insures the contents of the unit, such as furniture and appliances (the name is a misnomer, a unit owner of a condominium must still carry renters insurance, or contents insurance, to protect her belongings.

Lastly, there are several land and use restrictions a buyer must be aware of. Municipal and utility easements can interfere with a buyer's property rights, as can age, noise, nuisance and pet covenants. Some neighborhoods do not allow for a house or condominium to be leased. Additionally, aside from prohibiting certain conduct, some neighborhoods require certain conduct, such as maintaining uniform mailboxes, privacy fences or lawn requirements. For those purchasing a condominium, it is important to know what the common elements consist of and whose has responsibility for the maintenance of certain elements.

Zoning issues also have a significant impact on zoning issues.[footnoteRef:7] If a house is in a residential only zone, a buyer may not be able to operate a home business. Similarly, if a home is in a neighborhood that is dual zoned residential/commercial, a buyer may not be able to prevent his neighbor from continuing their business. [7: http://www.nyc.gov/html/dcp/html/subcats/zoning.shtml]
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SME Succession Planning in Canada

Words: 12312 Length: 45 Pages Document Type: Essay Paper #: 75203017

Succession Planning

Glossary

Succession Plan for Nadia La Russa

est Practices

Survey Results

When it comes to corporations and businesses of any size, succession planning is something that can and should be planned out in advance. As cited pervasively throughout the rest of the report, the following can all be asserted and proven. The need for succession planning is needed in all countries including Canada, the United States and in any other developed country in the world. Succession planning has different meanings and takes on many forms depending on what country the business is located in, how large the business is, who runs the business, who owns the business and what the long-term plans for this business happen to be. Indeed, most large firms have entrenched and very specific succession plans in place that center on promoting the best and the brightest in the firm so as to continue the…… [Read More]

Bibliography

Amit, Raphael, and Christoph Zott. 2012. "Creating Value Through Business Model

Innovation." MIT Sloan Management Review 53, no. 3: 41-49. Business Source

Premier, EBSCOhost (accessed February 12, 2015).

Bruce, Doug, and Derek Picard. 2006. "Making Succession a Success: Perspectives
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Bi-Directional Foreign Direct Investment in

Words: 1161 Length: 4 Pages Document Type: Essay Paper #: 78115493

Yet, what is important to accomplish at this stage is the presentation of the direct effects of the foreign direct investments. If these impacts materialize in growths of the Panamanian economy, it will be safe to conclude that the country reveals an efficient bi-direction foreign direct investment system. In this order of ideas, the following lines reveal some of the most notable impacts of FDIs onto Panama's socio-economic status (they are written in bulleted form to increase readability and clarity):

The first and foremost important impact was given by the massive investments made in the enlargement of the Panama Canal; the effects of such an endeavor were tremendous. On the one hand, the enlarged canal offered greater opportunities for traffic, which in turn materialized in greater revenues from offering services in the canal. Then, this enlargement translated into an increased demand for workforce, which in turn created new jobs, reduced…… [Read More]

References:

Woolford, P., Panama Has the Highest Foreign Direct Investment to GDP Ratio in Latin America, Panama Real Estate Investment, 2008, http://panamarealestateinvestment.org/2008/08/04/panama-has-the-highest-foreign-direct-investment-in-latin-america / last accessed on October 28, 2009

Panama, SICE -- Foreign Trade Information System,  http://www.sice.oas.org/ctyindex/USA/ftbpan1999_e.pdf  last accessed on October 28, 2009

Panama: Country and Foreign Investment Regime, Low Tax, 2009, http://www.lowtax.net/lowtax/html/jpacfir.html#forinv last accessed on October 28, 2009

Panama FDI Grows 19% in First-Half 2007, Reuters, 2007, http://www.reuters.com/article/economicNews/idUSN1928223720070919 last accessed on October 28, 2009
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Public Budgeting in America Advisory

Words: 4933 Length: 16 Pages Document Type: Essay Paper #: 63407320

In terms of similarities, each of these budgets contains roughly the same basic format. hile the specific charts may differ, each budget separates revenue sources and attempts to break those down. The budgets also explain the expenditures, and typically break these down to each individual program within the department.

A similarity between three of the budgets (Federal, Florida and Newark) is that they rely heavily on tables and written explanations. hile these tables are necessary in any budget, it is interesting to note that the Newark budget is significantly more visually-oriented than any of the other budgets. The graphic representation of some of the figures makes for a more user-friendly presentation. The other budgets are less likely to be understood by those without some financial training.

Each of the budgets is produced to unique specifications. There appears to be no standard with respect to the production of public budgets, so…… [Read More]

Works Cited:

United States 2010 Federal Budget Summary Tables. Retrieved July 24, 2009 from http://www.gpoaccess.gov/usbudget/fy10/pdf/budget/summary.pdf

State of Florida 2009-10 "People's" Budget. Retrieved July 24, 2009 from http://peoplesbudget.state.fl.us/bdagencies.aspx?full=1

City of Newark 2009 Proposed Budget. Retrieved July 24, 2009 from http://www.ci.newark.nj.us/government/city_departments/department_of_administration/2009_proposed_budget.php

Environmental Protection Agency 2010 Budget. Retrieved July 24, 2009 from http://www.epa.gov/budget/2010/2010bib.pdf
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General Obligation Bonds

Words: 2865 Length: 7 Pages Document Type: Essay Paper #: 55495287

Obligation Bonds

Two types of municipal bonds exist, revenue bonds and general obligation (GO) bonds. General obligation bonds offer investors a relatively safe investment opportunity while providing states and local governments with funds for community improvement. These bonds are debt instruments issued by states and local governments to raise funds for public works. General obligation bonds are backed by the full faith and credit of the issuing municipality. That is, the municipality commits its full resources to paying bondholders, including general taxation and the ability to raise more funds through credit. The ability to back up bond payments with tax funds is what makes GO bonds distinct from revenue bonds, which are repaid using the revenue generated by the specific project the bonds are issued to fund.

General obligation bonds give municipalities a means to raise funds for projects that do not provide direct sources of revenue such as roads,…… [Read More]

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Qualitative Language

Words: 1015 Length: 3 Pages Document Type: Essay Paper #: 66582235

language facilitates criticism and understanding? hy or hy not?

Qualitative language, that is language that is not quantifiable and thus dwells in the realm of the sort of academic criticism and research "that produces findings not arrived at by means of statistical procedures or other means of quantification," remains a critical mode of expression, even in areas of study of the social sciences where "hard data" is a must. (Hoepfl, 1997, p.13) "here quantitative researchers seek causal determination, prediction, and generalization of findings, qualitative researchers seek instead illumination, understanding, and extrapolation to similar situations. Qualitative analysis results in a different type of knowledge than does quantitative inquiry. " (Hoepfl, 1997, p.13). But one must take precautions to make sure that the subjective nature of qualitative language does not impede, but rather facilitates understanding of a subject. To take just one example of how the qualitative association of words, can skew…… [Read More]

Works Cited

Custer, R.L. (1996). Qualitative research methodologies. Journal of Industrial Teacher Education, 34, 3-6. Retrieved 13 May 2005 from Qualitative Research Database at ttp://www2.gsu.edu/~mstswh/courses/it7000/papers/qualitat.htm

Hoepfl, M.C. (1997, Fall). Choosing qualitative research: A primer for technology education researchers. Journal of Technology, 9, 12-39. Retrieved 13 May 2005 from Qualitative Research Database at ttp://www2.gsu.edu/~mstswh/courses/it7000/papers/qualitat.htm

Sutton, B. (1993). The rationale for qualitative research: A review of principles and theoretical foundations. Library Quarterly, 63, 411-430. Retrieved 13 May 2005 from Qualitative Research Database at ttp://www2.gsu.edu/~mstswh/courses/it7000/papers/qualitat.htm
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Life Insurance and Derivatives

Words: 2389 Length: 5 Pages Document Type: Essay Paper #: 34465861

conventional wisdom has always stated that hedging strategies and life insurance are ill-matched partners. The belief has always been that the philosophical motivation behind employing one is diametrically opposed to that of the other. Insurance companies have traditionally shunned the use of derivatives as a hedging strategy because the insurance industry is all about risk management and hedging instruments required too much specialized knowledge and too many risks to be utilized as suitable strategies, especially when there were conventional investments that could guarantee a significant long-term return one's capital investment. During prosperous -- or at least non-volatile times -- very few investors or managers questioned this way of thinking. However, ultimately, whether one is talking about life insurance, pensions or playing the market, it's all about winning, and over the last few years as the market made a mockery of mutual funds and other traditional investment tools, the only ones…… [Read More]

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Persuaders Frontline PBS

Words: 904 Length: 3 Pages Document Type: Essay Paper #: 46219612

Persuaders (PBS)

Douglas Rushkoff's Frontline / PBS documentary "The Persuaders" offers a history of advertising and a critical exploration of the evolution of advertising in the twentieth century, along with techniques used in corporate marketing, concepts such as "brand loyalty," and the effects that advertising has on the public. The first portion of "The Persuaders" concentrates on the "clutter" that is caused by advertising, asking us to consider the way in which products are now no longer advertised by a description of their function or merits, but on the basis of image. This concludes with a long examination of the launch of a new "brand," a low-cost air carrier called "Song" which is a subsidiary of Delta Airlines. We watch as Delta identifies the female consumer as their target audience, and then attempts to construct an "identity" for Song which will invite women to purchase tickets to be part of…… [Read More]

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Economics Perfectly Legal the Purpose

Words: 1455 Length: 4 Pages Document Type: Essay Paper #: 83961562

For one reason, the super rich are some of the biggest political contributors, and so, it pays Congress to ensure their continued support and fiscal maintenance. He also uses economic theories and trends to illustrate his point and make the text more credible and believable.

Throughout the book, the author shows not only that he deeply understands his material, but he has the ability to explain it so most readers understand it as well. With all the economic information this book contains, it could be dry and uninteresting, but instead, the author presents facts and figures in a way that shows he understands the material, but also has the ability to explain it to others, which is extremely important in this type of book. It is also essential if the author hopes to have Americans read his book, and act on it, which is clearly one of the author's purposes…… [Read More]

References

Johnston, David Cay. Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich - and Cheat Everybody Else. New York: Portfolio, 2003.
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Case Study Assessing the Use of Early Retirement Incentives as a Downsizing Strategy

Words: 8431 Length: 31 Pages Document Type: Essay Paper #: 19766507

early retirement incentives as a downsizing strategy sUMMAY: This is a thesis that analyzes and studies the use of early retirement incentives as a downsizing strategy by organizations. It has 23 references in APA format.

Chapter I- Definition of the Problem

Definition of terms-alphabetical order

Chapter II- literature eview

Health and security

Tax deferral

Financial targeting

Institutional ationale

Employees Impacted

Chapter III- Methodology

19-Data collection

19-Data analysis

Chapter IV- Data analysis

21-Analysis relevant to research

25-Analysis relevant to research

26-Analysis relevant to research

Chapter 5- Summary, Conclusions, ecommendations

29-Summary

32-Conclusion

33-ecommendation

EFEENCES

Definition of the Problem

-Introduction

Over the last fifteen years organizations strived to renew their relationships with employees and at the same time tried to survive through economic downturn. In this renewal process these organizations have experienced multiple intricate processes like structuring, resourcing, forestalling decline in profits as well as incorporating new state policies. The struggle to survive…… [Read More]

REFERENCES

1. Author not available, [03-23-2002]. Britain: Early retirement? Don't even think about it; Older workers., The Economist, 27.

2. Author not available, [09-14-2000]. Social Security Reform-Implications For Private Pensions., Government Accounting Office Report.

3. Author not available, [2000]. "Working in Retirement: The Antecedents and Consequences of Bridge Employment." Academy of Management Journal.

4. Bass, S.A. And Quinn, J.F. [05-11-2000]. Help Wanted -- 65 and Up., The Washington Post, A35.
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Forming a Bank Holding Company

Words: 14343 Length: 52 Pages Document Type: Essay Paper #: 8100572

Forming a ank Holding Company - Structure, Governance, and Regulations

Understanding anks

Forming and Expanding a ank Holding Company

Financial Holding Company Requirements

HC Regulations

Capital uilding Options for ank Holding Companies

Pros and Cons of Forming a ank Holding Company

Stocks and Governance

Corporate Governance and anking Law

The Role of ank and Holding Company Audit Committees

Data Gathering Method

Database of Study

Summary, Conclusions and Recommendations

Forming a ank Holding Company - Structure, Governance, and Regulations

This research paper describes the process of forming a bank holding company in the United States. The behavior of a bank holding company is strongly linked to the success of the banks it holds. Therefore, if business leaders can pinpoint how to set up a successful holding structure, they may have a better chance of successfully progressing their business.

Chapter 1 - Introduction

Statement of the Problem

Over the past few decades,…… [Read More]

Bibliography

Adams, Renee. Mehran, Hamid. (April 2003). Is Corporate Governance Different for Bank Holding Companies? Economic Policy Review, Volume 9, Number 1.

Bankers Online. (2003). Regulation Y. Retrieved from the Internet at http://www.bankersonline.com/regs/225/225-82.html.

Baxter, Thomas. (March, 2003). Governing the Financial or Bank Holding Company: How Legal Infrastructure Can Facilitate Consolidated Risk Management. Federal Reserve Bank of New York: March 2003, Volume 9, Number 3.

Clodfelter, Mark. (February 27, 2003). U.S. Department of State.
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Bernie Sanders Economic Platform

Words: 2021 Length: 2 Pages Document Type: Essay Paper #: 71569407

Angel Creek

Economic Platform of Bernie Sanders

Bernie Sanders' economic platform is based on the concept of income inequality. As a socialist liberal, his main thesis is that the U.S. economy is producing wealth, but, at the same time, a large income inequality. His platform explores an interesting dichotomy, namely the fact that, despite the continuous increase in economic productivity over the years and despite the tremendous advances in technology, which should theoretically balance a reducing of economic disparities, workers have to work longer hours for the same or lower wages.

Sanders's approach is more complex than just emphasizing economic disparities. He is interested in building his platform around a transfer of wealth, not only on wealth disparities, between the middle class and the rich and very rich classes. As all know, the U.S. was built around the proliferation of a rich middle class, so this transfer should be of…… [Read More]

References

Luhby, Tami. "Free College and Healthcare for All- How would Bernie Sanders Pay for It? CNN. Web. 2015. Accessed from http://money.cnn.com/2015/10/16/news/economy/sanders-taxes-spending/

The National Tax Foundation. "Tax Topics." The National Tax Foundation. Web. 2015. Accessed from http://taxfoundation.org/tax-topics

Tully, Shawn. "Why Savings Stimulate more than Spending." The Fortune Magazine. Web. 2015. Accessed from http://fortune.com/2010/09/09/the-naked-stimulus-why-savings-stimulate-more-than-spending/

Williams, Sean. "Bernie Sanders' Plan to Raise the Minimum Wage has Plenty of Flaws." The Business Insider. Web. 2015. Accessed from http://www.businessinsider.com/bernie-sanders-plan-to-raise-the-minimum-wage-has-plenty-of-flaws-2015-8
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Tradeoff Society Faces Is Between

Words: 2018 Length: 6 Pages Document Type: Essay Paper #: 78625987



Productivity can also be influenced by tax cuts. Cutting taxes can enable consumers to buy more goods and services, and enable companies to produce more and to invest more in their enterprises. Productivity can also be limited or enhanced by regulation. In the short-term, less regulation tends to increase productivity but makes prices and wages less stable. In the long run, not enough regulation can have a counter-productive effect, as occurred with the lack of regulation over the banking industry and the subsequent credit crisis of 2008. Deregulation and a failure of oversight can also incentivize corruption

Productivity can be formally regulated through price ceilings and floors. Price ceilings tend to discourage production, given that prices that are artificially too low can make it impossible for sellers to meet demand. Price floors can encourage too production, given that producers are guaranteed a specific minimum price for their output, but can…… [Read More]

Works Cited

"Gross Domestic Product." Economic productivity article from Hutchinson Encyclopedia.

http://encyclopedia.farlex.com/Economic+production

"Price ceilings and floors." Investopedia. October 15, 2009.

http://www.investopedia.com/study-guide/cfa-exam/level-1/microeconomics/cfa7.asp
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Geographic Information System GIS and Client Server System and the US Government

Words: 3197 Length: 12 Pages Document Type: Essay Paper #: 64769544

Client server systems are a group of inter-related subsystems which collaborate together to provide a specific solution or service. This computing model structures diverse and distributed applications, which separates tasks between the providers (servers) and service seekers (clients). Keeping the purpose of this paper in view, the provider-server is the Geographical Informative System and the client is the U.S. government. This paper analyzes Geographical Informative System (GIS) as its client server system. GIS are quite pricey with respect to installation. The primary concern while setting up GIS is:

Attaining the data

Performing quality assurance tests

Quality checks on data

Syncing hardware and software

This case study will go through many GIS projects implemented over the years by various U.S. government agencies. It has tremendous benefits to U.S. organizations, which have gone ahead and implemented them successfully. There are tons of benefits can attained from GIS, by both public and private…… [Read More]

References

Freeman, M. (2008). Government Technology, available from http://www.govtech.com/gt/392026?Id=392026&topic=117676&full=1&story_pg=1

Giglierano, J. (2009). Iowa Geographic Information Council, 20 May 2009, available from http://docs.google.com/Present?docid=dfpg82pj_5hjtxs5c7&skipauth=true

Leidner, A. (2007). American City & County: Payback Figures, available from http://americancityandcounty.com/mag/government_payback_figures/

Maguire D. et al., eds. (2008). The Business Benefits of GIS: An ROI Approach (Redlands, CA:ESRI Press), 3-10.
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Government Budget

Words: 1056 Length: 3 Pages Document Type: Essay Paper #: 4789517

Budget Deficit

Government Budget

What are the consequences of an ever-burgeoning federal deficit and debt? Will there ever be a solution or compromise?

One of the most hotly-contested issues in contemporary American political life is how to deal with the current budget deficit. Despite running surpluses during the 1990s, the current budget is widely considered out of control by both Democrats and epublicans. The reasons for the deficit include two costly wars abroad and increased defense spending overall after 9/11; tax cuts, and the recent recession which required federal spending in the form of unemployment assistance and assistance to the states (who are legally required to balance their budgets); and less income tax revenue because of job losses. There also systemic factors that have contributed to high budget deficits (Amadeo 2012). Overall, "mandatory spending has increased. Spending to pay benefits for Social Security, Medicare and other mandated programs has been…… [Read More]

References

Amadeo, Kimberly. (2012). U.S. Federal Budget deficit. Retrieved at:

http://useconomy.about.com/od/fiscalpolicy/p/deficit.htm

Economic effects of a budget deficit. (2012). Economics Help. Retrieved at:

http://www.economicshelp.org/macroeconomics/fiscal-policy/effects-budget-deficit.html
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Social Commentator Thomas Frank Has Published an

Words: 1425 Length: 4 Pages Document Type: Essay Paper #: 95201510

social commentator, Thomas Frank, has published an insightful article in the February, 2011 issue of Harper's magazine assailing the members of what he describes as the privileges class in America failure to exhibit empathy and understanding for the plight of the working and middle class. In the article, entitled "Servile Disobedience," Frank states, "The rich are different from you and me (T. Frank). They are ruder and less generous. They don't get what others are thinking and apparently they don't really care." In offering these comments, Frank echoes the thoughts offered many years before by the writer and poet, Ralph aldo Emerson. Emerson saw the United States as being infected with "selfishness, fraud and conspiracy (Emerson)."

Frank in his article laments that, "e need the rich to be nicer. e need the rich to discover brotherly love, and fast." He recognizes that among the rich there are a number who…… [Read More]

Works Cited

Emerson, Ralph Waldo. The Essential Writings of Ralph Waldo Emerson. New York: Modern Library, 2000.

Frank, Robert. "Millionaires Support Warren Buffett's Tax on the Rich." 27 October 2011. Wall Street Journal. 1 December 2011 .

Frank, Thomas. "Servile Disobedience." Harper's February 2011.

Kraus, Michael W. "Social Class, Contextualism and Empathic Accuracy." Psychological Science (2010): 11716-1723.
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Franklin D Roosevelt

Words: 1616 Length: 5 Pages Document Type: Essay Paper #: 9414453

illiam Leuchtenburg's Franklin D. Roosevelt and the New Deal is a text that combines recent American history with a political and sociological analysis of American policy and government, and adds a healthy dose of biography of the president to give the mixture human drama. Leuchtenburg is able to accomplish this literary feat not simply because he is such a skilled historian, but because Franklin Delano Roosevelt and his cabinet exercised a unique degree of power over the American economy of his day. America was in an economic crisis when Roosevelt came to be elected the presidency. To remedy this crisis, Roosevelt essentially had to overhaul the American system of government and the relationship of the federal government to the citizenry. He created the modern social welfare system, the concept of the 'safety net' for the needy, and a sense of government's social obligations as well as a citizen's obligations to…… [Read More]

Work Cited

Leuchtenburg, William. Franklin D. Roosevelt and the New Deal Perennial, 1963.
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Frame the Problems Issues Into a Decision Question

Words: 1484 Length: 3 Pages Document Type: Essay Paper #: 26423536

Frame the Problems/Issues into a Decision Question: frame the major issues and/or problems around a key goal or objective, differentiating the long from the short-run.

What is the best course of action for this case in order to achieve lower blood prices while spurring economic competition in the Carolina's?

In the long run, all health care organizations want to lower the overall cost of blood operations. Economically, the cost of these operations as the ed Cross is the sole provider of blood to many health care organizations in the Carolina's. As such this organization has pricing power over many of the health care organization in the region primarily due to its leading position in the market. Blood has no substitute. Therefore, blood operations are essential to hospitals and therefore can not be cut or mitigated from budgets. outine client operations pertain mainly to blood withdrawal, donations, infusion and much more.…… [Read More]

References:

1) Severo, Richard (1990). "Donors' Races to Be Sought To Identify Rare Blood Types." New York Times. http://query.nytimes.com/gst/fullpage.html?res=9C0CEEDC123DF930A25752C0A966958260. Retrieved 2008-06-01

2) Fields AC, Grindon AJ (1999). "Hemochromatosis, iron, and blood donation: a short review." Immunohematology 15 (3): 108 -- 12

 

 

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