Economics Unit Portfolio Essay

1) In 1861 Abraham Lincoln introduced income tax during the Civil War when he needed money to pay his army. 2) That every consumer paid the same tax for the product no matter what their income is. 3) I would agree with Benton McMillin. Education is one considered a free institution. Using the education system helps someone become smarter and that helps accumulate wealth. Part 2 – Internet Taxation 1) Because not collecting tax means the internet retailer can offer lower prices than other stores. It can kill their business with lower profit margins. 2) Taxing internet retailers would discourage investment employment growth. The shipping costs for online transactions can cancel out any price advantage. 3) I disagree that taxing the internet would discourage new technology investment and employment growth. 4) Computer hardware is more expensive than books or clothing. Part 3 – Economic Detective activity 1) With the decline in business in Centreville the tax base will drop. There will be smaller amount of businesses and people paying taxes. 2) The operating budget would decrease because of the decline in businesses. 1) Increase fines for texting while driving, drunk driving, tailgating,  aggressive driving, public intoxication, toll violations and other crimes. Increase fines for all violators of health and safety regulations in business, especially the food service industry. Lower the taxes can increase economic activity and provides incentives for taking risks in investments. 2) Increasing fines for individuals or businesses. 1) A. By using the capital funds from the other project to buy the warehouse. B. The indoor mall would attract businesses to lease from the city in the mall. 2) There will be more revenue from the sales and more jobs for people of the city. 3) Tax deductions for energy savings. Corporate income tax credit. Sales tax exemption. Payroll tax deductions. Part 4 – Summary questions 1) Challenges to implement a fair tax system: a. People agreeing on a fair tax system. It seems that most will not agree on every aspect of creating a fair tax system. b. Implementing a fair tax system would take power out of the hands of politicians. c. The poor would suffer more than the wealthy with a fair tax system. 2) Sales tax. Each person is charged at the same rate on their purchases. The wealthy will pay more sales tax because they have more disposable income.

Analysis of Albania’s Tax System

Analysis of Albanias Tax System INTRODUCTION Every one can make the question: â€Å"why do we have taxes?†.Practically we can say , that one democratic state can not exist without taxes, even if he does not operate just with taxes.Taxes and taxability are a necessity. The standard of living of a modern society demands it; governments must collect the revenues in order to provide the goods and services that their citizens need, want and demand. The principal sources of Albanian tax legislation are the Constitution, various laws and decrees. The Parliament is the prime taxing authority in Albania, while the Ministry of Finance is the executive branch, responsible for administration of the laws. There is an important difference between tax and taxability in Albania.Taxability is an obligated and irreversible payment in state budget which include administrative charges and penalties for the delays provided by law. They are obligated payments of different contributors used for general public services, in that wa y state can accomplish his duty. While tax is an obligated contribute to pay from one person who profits directly from public services. They are a type of compensation for special public services accomplished from state in advantage of citizen. Taxes are mostly resource of locale organs entries of state, city halls, communes . Taxes for public services which we pay for has the element of volition, wich can not happen in no case with taxability. In financial point of view the taxes role is little than taxability ,so the role and the importance of taxes in confronting expenses for the public services is more sensible in the local budget than in the national budget. The following project aims to treat with no details the types of taxes and taxability in the Republic of Albania,their importance and influence in the economy.Often the country’s financial authorities have been propagating that tax levels in Albania are among the lowest in the region so in another section we will sti ck to the comparative analysis of tax burden. We will try to compare it with Macedonia and Greece. This article is structured as follows: First, we will briefly review the types of taxes and taxabilities in Albania. Second we will try to analyse and compare their importances in economy of our country with Macedonia and Greece. Finally, chapter four provides a summary and the conclusions on the issues treated.    OVERVIEW ON TAX SYSTEM IN ALBANIA In the following section we will briefly review the classification of taxability and taxes in Albania.1 1 This section is based mainly on a summary of tax system in Albania presented by Financat (2006). 2.1 Taxes 2.1.1 National Taxes National Taxes cover 23% of the income that the state recieves from the taxes system,that is why they are considered very important to the Government’s budget.Among the main national taxes,we can mention Road Traffic Tax,Higher Education Tax and Registration fee for Poker Games, Casinos, for sport compe titions taking place at the racetrack.Road Traffix Taxes include taxes imposed by the Government for the use of imported vehicles ,also the old ones,for the fuel consumption etc.The universities and other Academies are charged with the collection of Higher Education Tax.These taxes are cashed not later than 30 days from the official date of the beginning of the school year, in any academic year.While the tax on registration of gambling, casinos for sportive races held in hippodromes is payable only once at the beginning of such activities and their registration.

Marketing to children Essay Example | Topics and Well Written Essays - 1000 words

Marketing to children - Essay Example For many years now, television advertising aimed at children has not been allowed in Swedish terrestrial television because of its perceived negative impact on children. Just recently, McDonald’s has been under attack for its seeming lack of responsibility in luring children into buying their â€Å"unhealthy† Happy Meals by offering it with toys. O’Brien states that McDonald’s has been accused of â€Å"deceptive marketing to children† (2011). Today, all over the world there are calls to totally ban all forms of advertising to children. There are many opposing views presented to support whether or not advertising to children should be eliminated. Advertisements that are unethical are those that do not involve getting the parents’ consent (Smith, 2010). Using cartoon characters in advertisements are intended specifically to target on children. These are the advertisements that can easily manipulate children. Smith identified four elements that can indicate that the advertisement is aimed at children are the music, images, voices and colors (2010). Most advertisements directed to children use special effects in presenting the products. These are the factors which usually captivate children and capture their attention. These special effects cloud the real idea and use of the products being advertised (Bjurstrom, 1994). What makes it even more unethical is if it is placed in publications read by children alone or advertised in children’s television shows or displayed where there are lots of children. Other advertisements directed to children that are unacceptable are those that make children think that they are infe rior if they do not possess a wide range of new products. (Clay, 2000). These advertisements do not promote the right values to children, instead distorts their values and encourage materialism at an early age. Impulsive buying may be a long-run effect of these unethical advertisements. And since most brands being advertised are those that cost more, children become more drawn to the expensive stuff rather than to the reasonably-priced items which most of the time do not advertise (Business Mantra, 2010). One major concern why some parents are fighting for the ban of advertising is its negative effects on the eating habits of children. Since most products being advertised on television are mostly food items which are low in nutritional values and with a high content of sugar, salt and cholesterol, it negatively influences the food preferences of children. In defense of McDonald’s advertising to children, its CEO Jim Skinner asserted that they have the right to advertise freel y and it is the parent’s responsibility to choose what their children eat; that is, the company serves â€Å"a balanced array of quality food products and provides the information to make individual choices† (O'Brien, 2011). This defense by McDonald’s is often the argument articulated by most companies to justify their advertising geared towards children. Their excuse is that it is the parents’ responsibility, not the advertisers or the companies who commissioned the advertisement. A problem posed in advertising to children is its tilting of the power balance principle of marketing (Smith, 2010). To be ethical, the advertisement must adhere to this principle which states that the scales should not favor either the consumer or the marketer. Directing the advertisement towards children who are very vulnerable means tilting the scale in the marketer’s favor, which is abusive and not fair. There are moral issues involved in advertising to children. Fir st, children are very naive and trusting that advertising can influence them unduly (Bjurstrom, 1994). According to Bjurstrom, children lack the experience and the capacity to decipher the messages that they receive in advertisements; thus, may view it as exerting pressure on them to buy (1994). Children are at a stage called proximal development where

Implementing and Managing Budgets Case Study Example | Topics and Well Written Essays - 1250 words

Implementing and Managing Budgets - Case Study Example Omega College is a private institution in the Midwest that experiences budgetary challenges because of their limited number of students and resources. The college experience many challenges because they rely on the tuition fees paid by the students to meet their daily operational costs whilst the number of students is not adequately high. For instance international students enroll at the college and study for only a semester then return to their hometowns. The college did not meet their enrolment targets in the last four years and students in other colleges were transferred to the State University to complete their Bachelor’s Degrees. Omega College relies on the generosity of the alumni, friends, and board members to assist finance the annual operating budget. I would recommend the institution in the short term to advertise the programs offered at Omega College at fair prices using various forms of media such as newspapers, televisions, radio stations, and social network sites such as Facebook, which is the most popular social site. Advertising will promote awareness in the society and hence individuals will be aware of the existence of the college and consider enrolling their children at the college. The college can get other additional revenues from projects such as clean water projects and renewable energy projects where they can generate biomass and solar energy and sell to the communities in the area hence generating more finances. I will conduct interviews with the community members to gather data to find out if the options being considered are viable and cost effective. The college will need to work with the master budget to summarize all their projected activities by the way of cash budget, budgeted balance sheet, and the budgeted income statement. Zierdt (2009) noted that the master budget is an all-inclusive projection of how the management plans to conduct all their activities over the fiscal year of the budget period. The college will

Sterotype Paper Assignment Example | Topics and Well Written Essays - 1000 words

Sterotype Paper - Assignment Example In the modern world, man people especially in the developed countries have ended up being obese or overweight as a result of unhealthy eating habits. This stereotype has negative effects on obese or overweight individuals. This can be considered a negative labeling on these individuals. Stereotyped individuals will always perform poorly in their endeavors when they feel they are being stereotyped. Results from past studies have indicated that individuals experiencing stereotyping are more likely to be violent or hostile. Most of them have been proved to experience from lack of restraint and self-respect. It is also important to posit that individuals who are stereotyped find it very difficult to make effective or appropriate pronouncements in their activities. In addition, stereotyped individuals have been proved to have a higher risk of consuming high amounts of insalubrious types of foods. Even after stereotyping has been negated, the thought that a certain individual or group of i ndividuals was stereotypic will still remain engraved in their minds for a very long time. This may have negative effects towards an individual as his/her confidence in front of others may be affected, s/he may be very uncomfortable and may avoid eating in front of other people as they may harbor certain thoughts that other people may view them in a bad way (National Science Foundation, 2010). Secondly, I have always had a stereotype that all Muslims are over-religious. My stereotype has been due to the fact that, Muslims have to pray every now and then, and they have to pray while facing Mecca. They also pray at distinct positions. In comparison, individuals from other religions do not portray such religiosity as they have to go to church only on Sundays. Attending church service during weekdays is limited to a few individuals. This this may appear as a positive stereotype, it may affect the ability of Muslims around me to perform if they become aware of my feelings. Results from s tudies done in the past have shown that positive stereotypes similarly results or leads to bad feelings and sentiments from individuals who are being stereotyped (Trevan, 2013). Muslims in this cases can feel depersonalize, may be agitated, and develop strong feelings of hate towards those who stereotype them. However, not all Muslims would be agitated by any comment or indication that they are over-religious. There are some who may pretend to be over-religious so that they can be identified and be respected for that. Being stereotypic towards such an individual will make him happy and consequently boost his/her feelings. In other words, if a Muslim around me would become aware of my feelings towards him/her, this would definitely affect individual personality. It is important to consider the fact that a positive stereotype of negative feelings towards other people’s religion produces negative effects or sentiments as the individual being stereotyped automatically becomes awa re of the fact that it is just a matter of time before negative stereotypes are implemented towards him/her (Trevan, 2013). Thirdly, I have a stereotype towards women that they take too long to shower and they always smell good. In the modern world, it is difficult to come across a lady smelling of sweat like many men do. Women are very sensitive about their appearance and will go to great lengths towards

Three major causes of soil erosion Essay Example | Topics and Well Written Essays - 500 words

Three major causes of soil erosion - Essay Example Sheet erosion is caused by the effect of rainfall on the surface soil. The force of water running downhill caused by adequate rainfall could remove the soil particles on the surface and carry it towards the lower areas. The heavier the rainfall is or the longer the rain occurs, the more soil particles are taken from its original position. Sheet erosion is definitely a natural phenomenon. However, the degree of erosion can be determined also by natural and artificial factors. The most effective natural means of preventing sheet erosion is vegetation. This is because â€Å"sheet erosion mainly occurs under conditions where the soil surface is insufficiently protected by vegetation cover† (Govers, 2004, p.947). The roots of plants and trees on slopes contribute in reducing the effects of erosion by holding on to the surface soil. Aside from this, the roots also tend to siphon certain amount of the rainwater that seeps into the soil. The foliage also prevents portions of the total rainfall from hitting ground. Human intervention may be necessary in order to prevent soil erosion. Such interventions would include actual planting of trees on slopes that are most vulnerable to erosion due to rainfall.

PALETIVE CARE FOR LUNGS CANSER PATIENT Essay Example | Topics and Well Written Essays - 2500 words

PALETIVE CARE FOR LUNGS CANSER PATIENT - Essay Example â€Å"Bronchogenic carcinoma is a major cause of mortality world-wide and the survival rate has not improved significantly in the last 20 years. Over 150000 new cases of lung cancer are diagnosed in Europe every year but less than 10 percent are cured†¦Ã¢â‚¬  (Doyle, Hanks , Cherny, and Calman, K., 2005) The International Association for the Study of Pain (IASP) defines pain as an unpleasant sensory and emotional experience associated with actual or potential tissue damage or described in terms of such damage. (Morrow, 2009). It is an experience and assessment is difficult. There is no simple definition for palliative care also, and the definition based on the World Health Organization states â€Å"A Palliative care is care that improves the quality of life of patients and their families facing life-threatening illness. With palliative care particular attention is given to the prevention, assessment, and treatment of pain and other symptoms, and to the provision of psychological, spiritual and  emotional support.† (Avert, 2010) Due to lack of effective surgical and medical cure especially for the lung tumors, the importance of palliative cure in this area has significantly increased. In the disease management of lung cancer major surgery is rarely justified for palliation. â€Å"The National Council for Hospice and Specialist Palliative Care Services (1997) has defined psychosocial care as concerned with the psychological and emotional well being of the patient and their family/carers, including issues of self-esteem, insight into an adaptation to the illness and its consequences, communication, social functioning and relationships.† (Jeffrey, 2003, p.1) Palliative care for the patients who are at the verge of death has several dimensions to it apart from the pain associated with the disease. Understanding these following factors is very important as the entire gamut of the care hinges on appreciating the complexities of these factors, as the issue is not