Got a tricky question? Receive an answer from students like you! Try us!

The various economic concepts linked with the public policies and income taxes - Essay Example

Only on StudentShare
Author : filomena41

Summary

This essay includes discussion over the various economic concepts linked with the public policies and income taxes. An investigation into the role of property taxes in capital formation, national savings and foreign investments in South Africa has been discussed…

Extract of sample
The various economic concepts linked with the public policies and income taxes

This paper discusses that in U.S., the usage of local property taxes in financing school education has been criticized as unconstitutional, which generates inequalities in public education expenditures across states. The reason for this is as those districts that have larger property tax bases per pupil, can generate any amount of revenue from lower tax rates as compared to those districts having smaller tax bases. Therefore, it is easier for rich jurisdictions to raise revenue for public education than the poor jurisdictions. The State of Virginia finances the public schools through a combination of federal, state and local funds. Also, there is contribution of private sector through partnerships with schools and their divisions. State’s General Assembly is responsible for apportionment of state’s funds for public education, through Appropriations Act. The sources of funds are retail sales, state lottery proceeds, tax revenues and other sources. The Constitution of Virginia requires the Board of Education (BOE) to prepare SOQ (Standards of Quality) for public schools. SOQ is the minimum school educational program, the divisions must provide. The General Assembly revises SOQ, determines SOQ costs and apportions these costs between localities and state. Funding on a per pupil basis is provided through the accounts of basic aid, career and technical education, special education, English as a second language, remedial summer school, fringe benefits for funded positions and sales tax of 1.125% for public education ...
Download paper

Related Essays

An evaluation of the suitability of the Istisna contract to financing small enterprises
These banks offer services based on religious teachings and laws. The banks continue to provide innovative financial products aimed at filling the existing gaps in the financial industry. These banks have used a philanthropic approach, adopted from Islamic teaching, to offer high quality services to customers. One of these approaches has been the Istisna contract. Based on the Sunnah of the prophet Muhammad (PBUH) this contract has transformed the banking industry immensely (Mahlknecht, 2009). The use of this contract may be enormously beneficial to people seeking comprehensive funding for…
16 pages (4016 words)
ARCH modeling: forecasting the return in the UK stock market
On the other hand, the index helps ARCH models to bring forth exact forecasts for out-of-sample forecasting on considering performance measures. This study would help to develop an investing strategy based on the results that would bring about significant positive returns. Keywords: ARCH Models, Stock index volatility, Predictive ability, ARCH modeling: forecasting the return in the UK stock market Introduction There have been quite a number of studies which show that different parameters of ARCH models offer good estimates of equity returns. The compatibility of ARCH models are evident in…
42 pages (10542 words)
Blended vs. tradational learning: Assessing effectiveness and student perceptions in the military academic Instructor Course
Blended vs. traditional learning: Assessing effectiveness and student perceptions in THE MILITARY academic instructor course Submitted by Gary Miller EDU 660 18 March 2011 Instructor Dr.
47 pages (11797 words)
Finance and Management
This involves the value of raw materials, the work in progress and the finished goods ready for sale. It is the work of the cost accountants to place all costs under consideration so that they are able to determine the value of all inventories (Martin & Wolf, 2008). Cost accounting system has a function of bringing maximum efficiency in an organization. Cost efficiency would ensure that direct material costs, labor and manufacturing are identified and cost controls performed well. This is done by calculating all these costs, adding them up and calculating the cost per unit. Cost accounting…
7 pages (1757 words)
Understanding the Concepts
Understanding the Concepts …
4 pages (1004 words)
Latest effort at transparency just muddies water’ by Carolyn Pugsley and Alexandra Module
The article is written by Carolyn Pugsley and Alexandra Module. The main objective of the article is to state the reforms which are adopted by the federal government of Australia in order to disclose the remunerations of seniors executives of companies. This reform has been adopted by the Australian government with the intention of facilitating better transparency for shareholders with respect to the remuneration structures of senior executives. Moreover, this reform will facilitate management of companies with minimum regulatory pressure (Pugsley & Module, 2012). Accounting Theory (Part B)…
7 pages (1757 words)
Finance and international tread question
These rules and understandings can include informal routines to formal standards for what makes up acceptable conduct and that are sometimes exemplified in an organization, sometimes not. c) Coordination is likely when it is concerned with sustaining an existing set of behaviours and policies (when it is concerned with sustaining a policy regime) than when it is focused on altering policies. d) Monetary, financial, and macroeconomic coordination is most likely in the scenario of extensive comity among countries. Conflict over other matters, whether economic or not, stifles efforts to agree…
4 pages (1004 words)