StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Characteristics of the US Taxes - Essay Example

Cite this document
Summary
The essay "Characteristics of the US Taxes" focuses on the critical analysis of the major characteristics of US taxes. Unemployment is the major problem facing Americans today, and the two main factors that contribute to this concern include outsourcing jobs to foreign countries…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Characteristics of the US Taxes
Read Text Preview

Extract of sample "Characteristics of the US Taxes"

Most American companies especially IT and garment industries outsource their jobs to foreign countries that have cheaper labor. Ruane William reported that income tax is excluded for foreign income that is less than $ 95, 100 but in mid-December 2011, a minimum tax was imposed on foreign currencies that these companies earn from all the outsourced jobs and other operations (18).

Tax increase on wealthy U.S citizens is intended to create a cash reserve for creating jobs for millions of unemployed American youths. This concept will prevent another recession that hit the U.S. in 2010 where a large number of citizens especially in the middle class lost their jobs, unemployment rose drastically and small businesses folded. In the past, the wealthy citizens paid less than 28% of their total earnings as tax while the middle class paid more tax. Job creation using tax reforms will improve the economy of the U.S and that of each household.

American companies that outsource their jobs and operations to foreign countries because of cheap labor will be forced to create jobs in the U.S because they will incur losses because of reduced tax on foreign money that they earn. Americans require companies that outsource jobs to foreign countries to create jobs in the U.S and improve both income and working conditions.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“US taxes Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
US taxes Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/mathematics/1588395-us-taxes
(US Taxes Essay Example | Topics and Well Written Essays - 250 Words)
US Taxes Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/mathematics/1588395-us-taxes.
“US Taxes Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/mathematics/1588395-us-taxes.
  • Cited: 0 times

CHECK THESE SAMPLES OF Characteristics of the US Taxes

Executive Presence and Risk-Taking Characteristics

These classes include business intelligence, risk-taking, performance improvement, and self-development characteristics.... The business intelligence characteristics include strategic vs.... These categories include business intelligence, risk-taking, interpersonal relationship, performance improvement, and self-development characteristics....
10 Pages (2500 words) Research Paper

Didactic Literature: Definition and Characteristics

Didactic Literature: Definition and characteristics Literature exists in a range of forms and assumes different purposes.... This view of literature is considered an opposite of that of art for art's sake theory that holds art and literature as purely aesthetic, which implies that the definition lies in not only recognising its characteristics but also in differentiating it from the other types of literature.... Having defined didactic literature, its characteristics can be examined....
3 Pages (750 words) Research Paper

Femininity in Fairy Tales

Women who demonstrate “unwomanly” characteristics, such as decisiveness, determination, and boldness, are described often as weak and tentative, because their endeavors are often insignificant in comparison to what the male protagonist did.... She has all “male” characteristics: cruelness and cunning....
3 Pages (750 words) Essay

Social Characteristics of the Races in the US

The following diagram summarizes the components of the us population ... 0% of the us population in 2006 was poor, for the 12.... This paper is based on findings regarding the social characteristics of the different ethnic groups in the United States.... 0% of the populations in the US are poor and this is according to the US census website, this paper discusses the social characteristics of the ethnic groups living in the US....
4 Pages (1000 words) Essay

Type of Markets and Their Characteristics

Also due to the fact that the provision of these goods by firms may not yield economic profits and the government will source revenue from taxes in order to provide public goods.... However problems arise whereby the market may exhibit the free rider effect, this refers to the situation whereby some individuals in the economy do not pay taxes yet they enjoy public goods, therefore it is evident that the market cannot function without public goods and therefore the role of the government in the market is to provide public goods....
7 Pages (1750 words) Term Paper

Analyzing Falculty Characteristics in Adult Learning

Knowles, Holton and Swanson (2011) in his theory of andragogy identifies five major assumptions and characteristics of adult learners.... This is the period in time, when adult learning was elevated to a This paper is an examination of the various characteristics in which a faculty member responsible for teaching adults must have, in order to be an effective teacher.... This paper will specifically identify these characteristics, and use examples in supporting the various facts identified....
5 Pages (1250 words) Essay

Entities and Corporations in Terms of Their Liability and Computation of Taxable Business Income

PART ONEQuestion oneThe characteristics of a sole proprietorshipA sole proprietorship is a form of business that is owned by one person.... he following are the main characteristics of a sole proprietorship: first is the business owner.... Part one presents the following: first, a comparative study of sole proprietorship, flow through entities and Corporations in terms of their characteristics, liability and the computation of taxable business income....
8 Pages (2000 words) Coursework

Main Characteristics of the Greek Mythology Gods, Heroes and Mortals

The paper "Main characteristics of the Greek Mythology Gods, Heroes, and Mortals" is a worthy example of an essay on literature.... The paper "Main characteristics of the Greek Mythology Gods, Heroes, and Mortals" is a worthy example of an essay on literature.... By making a thorough analysis of literature on Greek heroes, this essay picks out the main characteristics exhibited by heroes in these tales and discusses them at length.... ain characteristics ...
6 Pages (1500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us