Two theoretical models available for the structure of the personal income tax are termed as schedular tax system and global tax system. A schedular tax system is when the tax rates are determined by separating income levels into different classifications whereby each classification represents a...
This paper focuses on what taxes are, where the first income tax started, and where we are today and how, where we are today, affects our agricultural community. Many presidents before Trump, have signed tax cut acts in hopes to make taxes easier on one...
Political Science is an ever-changing field of study with key policy issues almost never staying constant over the years. One issue that has broken the trend and been debated since the inception of the idea is the income tax. Nearly a century after many major...
The use of IRS income tax data for measuring income inequality or poverty is fundamentally flawed as IRS income tax data is designed to assist in collecting revenue and not for compiling demographic data. Tax data mostly disregards the role of age and cost of...
Tim Dunlop famously wrote, “inequality can be social, economic and democratic, but at its heart is about the exercise of power, who has it and who doesn’t”. As power and politics are inextricably linked to each other, in this light, growing economic inequality is clearly...
As a vital component of any modern society, taxation plays a crucial role in the economic development and stability of a nation. In Vietnam, the process of filing income tax has become increasingly important as the country experiences rapid economic growth and strives to strengthen...
Manan had toiled for 3 hours in his neighbour’s garden shortening the grass to earn ₹200 for his services. As he returned home with his hard-earned money, his mother took ₹50 from his earnings and gave it to his younger brother who didn’t earn anything....
