Excise Taxes Definition of ’Excise Tax’ 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the Internal Revenue Service (IRS). 1. Excise taxes are considered an indirect form of taxation because the government does not directly apply the tax. An intermediary‚ either the producer or merchant‚ is charged and then must pay the tax to the government. These taxes can be categorized
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Income Tax Is not one Tax but an Aggregation Of Taxes Tax is a fee charge by the Govt. on any product income or activity. Taxes in India are of two types‚ Direct Tax and Indirect Tax. Direct Tax‚ like income tax‚ wealth tax‚ etc. are those whose burden falls directly on the taxpayer. The burden of indirect taxes‚ like service tax‚ VAT‚ etc. can be passed on to a third party. Income Tax is all income other than agricultural income levied and collected by the central government and shared
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Smokers and the tax The fallacy in the proposed higher tax on cigarettes is the belief that the number of smokers will be reduced if the price of the smoke goes up beyond their reach. This may well be true if there were no cheaper and better-tasting substitutes which are taxed. However‚ there are a lot of reasons for smokers should pay a health tax. First‚ smoking is unhealthy. Therefore‚ people should care about themselves and think about other people around them. Smoking cause a lot of diseases
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Australian Tax Law BFA714 – Exempt Income BFA714_10 What is income? 2 Key Legislative Provisions ITAA97 • Economist View – Division 6: • • • • • – Traditional economic view of income is that it is a ‘gain’ • Recognises both realised and unrealised gains as income s 6-5 Ordinary income s 6-10 Statutory income s 6-15 Not assessable income s 6-20 Exempt income s 6-23 Non-assessable non-exempt income – Other Relevant Divisions: • • • • • Tax View • Only
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“Fat Tax” Not a Panacea “Obesity now contributes to the death of more than 360‚000 Americans a year. The incidence of childhood obesity is now at epidemic level. Alarm bells are going off all over the place. But our government has done virtually nothing.”- Tom Harkin. Obesity is a medical condition in which excess body fat has accumulated to the extent that it may have an adverse effect on health‚ leading to reduce life expectancy and/or increased health problems (Wikipedia). To cut that number
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Selective dog breeding is the the process of selectively breeding dogs with others even if the dog is in the same family as the others it called pure-breeding. This a very controversial thing. To people who don’t know much about it they thing purebred are a vision of healthiness but ‚ it is the opposite. They are in extremely bad health and “mutts” as they are called are are healthy. I think Selectively breeding dog is a bad thing. I also think it shouldn’t be a done period. Selective dog breeding is bad
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ENG 4U-B The Rocking Horse Winner ENG 4U-B June 17‚ 2113 Andrew Barr Key question 1. a) The reading strategies used while reading "The Rocking Horse Winner" by D.H. Lawrence are as follows. Before reading‚ identification of the purpose of reading this story was paramount. This was quite apparent as it was an expectation of the course‚ in which the focus was to analyze the subject of identity. I already know that the story was about a mother that does not love her children and I assumed
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Wendell Willkie‚ the Republican Presidential candidate in 1940‚ once said‚ “It is from weakness that people reach for dictators and concentrated government power.” In Germany‚ Italy‚ and Japan‚ the awful economic‚ political‚ and racial conditions leading up to World War II gave rise to three of the modern world’s fiercest dictators. Adolf Hitler‚ Benito Mussolini‚ and Hideki Tojo have gone down in history for all the wrong reasons‚ and they will forever be remembered for the dark stain they have
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AP Biology Reading Guide Fred and Theresa Holtzclaw Chapter 33: Invertebrates Name _______________________ Period ___________ Chapter 33: Invertebrates Chapters 31‚ 32‚ and 33 should be considered as a single unit‚ and you should try to put all of them together in a single conceptual framework. Due to the scope of our course‚ you are likely to see more general questions on individual phyla. For each of the phyla that we highlight in the questions that follow‚ try to know the characters that are
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Betty White Betty White was born in Oak Park‚ IL on January 17‚ 1922‚ daughter of Horace L. White‚ a traveling salesman and Tess Cachikis. She attended Beverly Hills High School from which she graduated in 1939. Her career started in the early 1940s with a modeling job. She also worked on a few radio shows including Blondie‚ The Great Gildersleeve‚ and This Is Your FBI and later‚ her own radio program name‚ The Betty White Show. In 1949 she debuted on television when she appeared
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