c. Suppose government imposes a tax equal to the marginal external cost. What is the equilibrium price paid by consumers and the equilibrium quantity after implementation of the tax? d. At the output level in part (c), how much is the tax? e. How much tax revenue does government collect? f. What is the deadweight loss borne by society if the externality is left uncorrected?
6. Explain what is a tax credit and tax deduction. While tax deductions work by lowering taxable income, tax credits are a direct reduction of the tax due. After you figure out your taxable income and subtract your deductions, you calculate your tax due. You still have a chance to reduce that amount, often significantly, by taking advantage of any allowable tax credits.
The reason why my client failed to report income was because we disagree on disagree about the amount of tax revenue owed. Please find the enclosed copy of proof of all the statements above that supports my client and all of the documents that was provided from you all that states all of my clients owed and showed several different errors. Please accept my petition for abatement of penalties owed for reasonable cause. If you have any questions or need any more information, you can reach me at 840-555-3636 during business hours. Also, I have enclosed a payment that covers the amount of taxes that my client owes, less the penalty portion.
By looking at statistical evidence on Americans using the penny and the amounts used and discarded, even how it is formed, the penny isn't worth a cent. So the only real solution is to cut production of the nostalgic penny. A major problem with the penny is how many people use them for every transaction. In source B 27% of the population in the U S does not even keep track of loose change. The penny is one of the more common items of change because of our taxes.
Because these areas mainly fall under governmental provision and regulation they are simply not provided to society as a whole by the private market. Privatizing prisons has once again become acceptable, “the private prison industry, which has grown by 350 percent in the last 15 years (Johnson, 2012)”. There is still much to be debated about the privatization of prisons once again, as the profit margin isn’t in the care or service they provide but rather in the number of inmates they house. Emergency services such as Fire and Police protection are areas that the market fails to give the desired quality of output and desirable price. Both of these services are pretty much wholly government run and controlled.
In conclusion the speech that President Johnson The Great Society still has not accomplish it's dream till this day. You can say that poverty and discrimination hasn't been so bad these couple of years but we still have a great majority of poverty and little bit of discrimination. So did the The Great Society accomplished its goal, the answer is
Social Essay By jade Citizen 1: I mostly disagree with her statement because she explains that she wants to owe life to the Aboriginal people. She quotes `` the government has done little to help aboriginals, in the past`` but really the government of Canada has said that the First Nations that have attended residential school could claim 10,000 dollars. The government should help them out in other needs as well not just money. Although the Europeans made the Aboriginal peoples different in the past, they still think about the harsh and cruel things that happened to them. Canadian government should take that into action but they aren’t doing enough.
Even though the authors researched on the two problems that cause child poverty, they can not see a significant change in the child poverty rate. Instead, child poverty rate in Canada increasing between 1994 and 1997. Both authors imply that child poverty might be caused by the insufficient policy design or inefficient on implementing the policy. (Crossley & Curtis,
In 2007, state lawmakers rejected a multi-state lottery bill, because of fears that the lottery would lose money in such a low populated state. Eric Spector, president and CEO of Wyoming Downs, said “the machines would have generated about $12 million a year for the Hathaway program and around $2 million to help pay for the statewide lottery”. This bill was also expected to gain about eleven million dollars each year from the just the lottery. Wallis stated that “I really thought this was a win-win situation for everyone.” The money was even going to a good cause, the expected eleven million dollars per year was going to help fund the Hathaway scholarship. The scholarship, intended to give money to all qualifiers to attend a Wyoming school, is slowly losing money.
The following are three of the most widely believed misconceptions that have floated around government agencies and non-profit organizations for year: * PSA’s get relegated to junk time when no one is watching or listening. * PSA’s are expensive, and there’s no way to evaluate their impact. * PSA’s are only suited for creating general awareness and they don’t motivate the public to take action. The reality is, Goodwill Communications analyzed data resulting from over 20 radio and television PSA campaigns which the firm evaluated for clients I the past two years and found major discrepancies in the above