Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Discussion question

29/08/2020 Client: carolinb Deadline: 10 Days

 Question 1:


Cash management, as discussed in chapter 4, is something many, many individuals struggle with on a daily basis. Do you know where your money goes? I dare you to keep a daily journal of your cash (and credit) spending over a week. How about a month? If you don’t know where your money goes then how can you accumulate the wealth to attain those goals from Week 1?


I’ve heard news accounts stating that the majority of Americans are living paycheck-to-paycheck; I prefer to believe in sound studies, for example one completed by the Harris Poll in 2016 stating that it’s 38% (http://www.cbsnews.com/news/who-lives-paycheck-to-paycheck-you-might-be-surprised/). Quite scary. I remember those times and my family is just one event away from that. Thus, you have to plan for these possibilities. Experts agree to have emergency savings accounts consisting of 6 – 12 months of your monthly expenses (not your monthly income). If both spouses work, then you could probably have a lower amount; if you or your family relies on one income, then the more you have liquid (e.g., readily available cash not tied up in a retirement or investment account) available. Yes, the interest rate is low, but that’s what you give up in order to have quick access to the cash. Don’t be fooled to save the money within your checking account because you may have the tendency to spend it – save it in a separate account (even with another bank; that’s what I do). So tell me, what kind of savings accounts do you have and for what purpose?




Question 2:


Does a fair tax exist? Is a progressive tax better than a proportional tax? These are difficult questions since taxes affect people in different household situations in different ways. Three criteria used in assessing the fairness of taxes are benefits received, ability to pay, and the payment burden.


Benefits Received

The fairness criterion states that people should pay taxes in proportion to the benefits they receive from the government.

An example is the use of gasoline taxes and driver’s license fees for road construction and repairs.

Equitable as the benefits-received criterion may seem, it is very difficult to implement.


Ability to Pay

A commonly accepted criterion of tax fairness is that individuals with different amounts of wealth or income should pay different amounts of taxes.

Supporters of ability to pay usually argue that high tax bills hurt the rich less than the poor. This argument is the basis for the progressive tax, in which tax rates increase as the level of taxable income increases. The federal income tax is a progressive tax.

In a proportional tax, or flat tax, a constant tax rate is applied to all levels of the tax base. Many state and local income taxes are examples of proportional taxes.

Some proportional taxes may seem fair, but in fact they penalize people in low income groups. For example, when all individuals are charged sales tax on food, low income people who use a larger portion of their incomes for necessities, pay a greater percentage of their total income for sales tax than people with higher incomes pay. A regressive tax of this kind involves taxes that decrease, as a portion of income, as the tax base increases and tend to place a heavier burden on the poor. For this reason, many states do not tax sales of food and medications.


Payment Burden

Many people believe only individuals pay taxes. Although businesses pay property and income taxes, some observers contend that these taxes are passed on to consumers in the form of higher prices.

We pay many indirect taxes of this kind. In addition to those just mentioned, a portion of building owners’ real estate taxes are paid by tenants as part of their rent.

In contrast, direct taxes cannot be passed on to someone else. Property taxes paid by homeowners and income taxes paid by individuals are examples of direct taxes.


Does a fair tax exist? Would you rather pay a tax directly or indirectly? Is a progressive tax better than a proportional tax? What is your opinion?

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Academic Master
Homework Guru
Homework Tutor
University Coursework Help
Writing Factory
Top Grade Tutor
Writer Writer Name Offer Chat
Academic Master

ONLINE

Academic Master

I have super grip on essays, case studies, reports and discussion posts. I am working on this forum from last 6 years with full amount of satisfaction of my clients.

$40 Chat With Writer
Homework Guru

ONLINE

Homework Guru

I am a Ph.D. writer with more than 9 years of working experience in Writing. I have successfully completed more than 4500 projects for my clients with their full amount of satisfaction. I will provide you super quality work according to your given requirements and deadline with ZERO plagiarism.

$40 Chat With Writer
Homework Tutor

ONLINE

Homework Tutor

Hello client, I have gone through the project specifications you have provided and I can easily manage the task. I am an experienced writer with diverse Knowledge in Article writing and Rewriting, Dissertations & Thesis writing, reports, case studies, and Literature Review.

$35 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Greetings! I’m very much interested to write for attendance systems. I am a Professional Writer with over 5 years of experience, therefore, I can easily do this job. I will also provide you with TURNITIN PLAGIARISM REPORT. You can message me to discuss the details.

$40 Chat With Writer
Writing Factory

ONLINE

Writing Factory

I can help you with creating a presentation of one slide for The Word of William Hunter. I will be happy to offer you 100% original work with high-quality standard, professional research and writing services of various complexities.

$25 Chat With Writer
Top Grade Tutor

ONLINE

Top Grade Tutor

I am highly qualified expert, working from 2008-9 in this industry. I have all relevant skills and expertise related to your project. To ensure my potential must visit my profile to check my ratings and uploaded samples. Thanks :--)

$40 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

What is a printed name - The geometrical structure of molecules lab answers - Excel module 9 sam project 1 - Rick durrett probability theory and examples - Higher physics course specification - Classifying systems of equations without graphing - Ted talk about addiction - Boaz was not only ruth’s kinsman redeemer, he was also the one carrying the davidic lineage. - Research paper - Well child visit soap note example - 0.48 repeating as a fraction - Convert contingency table to joint probability - Classification essay - Adime assessment examples - How to cite mbti results in apa format - RESEARCH - YouTube downloader - Anti condensation heater switchboard - Keew 2 interactive CS - How to apply black salve - Continental drift pangea map - Density of blood g cm3 - HSA 551 WEEK 8 DISCUSSION - Programming Java Database - Review the Trauma Case Study for Maryam. Write a 750-1,000-word essay answering the following questions. Your number one goal is to make sure she is safe. - Least squares regression line jmp - Nicky yazdi property advisors - INTEL Progress Assignment - Iceman murder mystery worksheet answers - The president of southern semiconductor corporation ssc - Brisbane hash house harriers - The poop on composting case study answers - Case Analysis unit 3 and 4 - Polarity and electronegativity worksheet - Saturated water properties calculator - Why nursing is a profession - Carol ann duffy poetry collections - Reply - Me talk pretty one day key points - Bus 303 week 2 quiz - Weighted marginal cost of capital - How to speech outline example - Rape culture infographic - Techniques of teaching vocabulary - Shadow health focused exam cough - Larson project management 7th edition access code - What are meaa rates - Nosotros / descargar / programas en la red - Lizard evolution virtual lab answers - Mr love queen's choice talent market - Introduction to java programming 11th edition liang - Virus explorer worksheet answers - Difference between midi and audio - Insights Into Criminal Behavior - Hay group job evaluation system - Capella university marriage and family therapy - Check forest functional level - The most beautiful thing short film - 1960s era vocab worksheet - Plastic surgery informative speech outline - Unilever and ben and jerry's takeover success - Imprivata onesign windows 10 - Grand strategy of starbucks - How cisco waas works - Cip assignment 2 - Emerson college little building address - Submit a report that discusses the techniques used by malware developers to disguise their code and prevent it from being analyzed. Give suggestions on how these techniques should be classified and ranked in the disaster recovery documentation. - Research paper 7 - Shannon weaver transactional model of communication - Art history essay - Whole foods market case study analysis - Ward 1c whiston hospital - Ca va bien merci - Rowlands gill medical practice - Bloomberg market concepts score - Possible zeros of a polynomial - Lord of the flies symbolism - When the weather reflects the mood - Outpatient surgery encounters are coded as - Discussion - #{91 =9876751387}{ Kala jadu specialist baba ji in Uae - Activity based costing template - Francois truffaut auteur theory essay - 33 strathmont drive strathalbyn - Family Nurse Practitioner as Health Promoter based on the Health Promoter and Disease Prevention Theoretical Model - Sbar proposal - BMGT 100 Paper - Freak the mighty character descriptions - The entity integrity rule states that - Rsa authentication manager 7.1 installation and configuration guide - Discovering psychology video 8 learning worksheet answers - Inclusive practice case study - College of dietitians bc - Rip van winkle allegory - Note - When brothers share a wife reaction paper - Masinde muliro university of science & technology - What is a level 2 merit equivalent to - Colour symbol image template - Tata communications emerging markets growth strategy