United States tax system - Essay Example

Only on StudentShare

Extract of sample
United States tax system

Every established government recurs to the tax collection process, for different purposes. Throughout time, these purposes have changed and/or evolved, depending upon de size of the nation and/or the direction it is taking. The government will always try to justify the tax collection process with several types of benefits to the society or its population in general on in individual basis. At one point or another, the question whether or not this process is necessary as it is or its size needs to be reduced, in other words, is there a need of a tax cut, and what are their benefits, if any For many years, the current tax collection programs have been very successful, as where the national budget has presented surplus instead of deficit.In order to obtain a better understanding, it is recommended to begin an analysis where the basic concepts regarding taxes are stated. According to Wikipedia "tax is a financial charge or other levy imposed on an individual or a legal entity, by a state." (Tax, Wikipedia.org) In the case of the United States, the state is represented by the government, either federal and/or local. Nowadays, the taxation is paid in money; however, there have been cases where it is paid with labor. Taxation is not a donation, nor a voluntary payment, it is rather an imposed one or, better yet, an enforced contribution, where agencies such as Internal Revenue Services are in charge of collecting them. When taxes are not paid, either fully or partially civil and even criminal penalties are imposed upon the non paying individual or entities ...
Download paper

Summary

Every established government recurs to the tax collection process, for different purposes. Throughout time, these purposes have changed and/or evolved, depending upon de size of the nation and/or the direction it is taking. …
Author : tateheaney

Related Essays

United States Federal Tax Law
United States Federal Tax Law …
8 pages (2008 words) Assignment
United States Court System
In spite of the belief that the adversarial system is a contest between two rivals, in reality a complex system of collaboration between judges, prosecutors, and defense lawyers is usually present. In the U.S. court system, members of the courtroom work team create guidelines about how specific kinds of cases must be dealt with and what type of petitions is legitimate for particular kinds of offenses (May et al., 2007, 159). At present, the United States implements a dual system of state and federal courts that often work autonomously, even though state cases are often petitioned to the…
6 pages (1506 words) Research Paper
Jury system of United States
As in the book "On the Grand Jury", the indication taken from "United States v. Calandra in 1974" that Supreme Court says about the jury system that its purpose is not only to investigate possible criminal conduct but also to act as a "protector of citizen against arbitrary and oppressive government action" and to perform this action jury "deliberates in secret and may determine alone the course of its inquiry". Though this is very much true that without thorough investigation the jury server are not intent to ensnare the crime with deserving prosecution or claiming them for their deeds or…
11 pages (2761 words) Essay
Tax Treaty Comparison Between the United States and India
Due to phenomenal growth in international growth in international trade and commerce and increasing interactivity among the nations, residents of one country extend their sphere of business operations to other countries where income is earned. It is in the interest of all the countries to ensure that undue tax burden is not cast on persons earning income by taxing them twice, once in the country of residence and again in the country where the income is earned.…
7 pages (1757 words) Essay
The UK Business Tax System for Small Business ESSAY & ANNOTATED BIBLIOGRAPHY (SEE INSTRUCTIOINS)
No-return systems are clearly feasible: thirty-six countries-including Germany, Japan, the United Kingdom, and several other industrialized nations-use some form f no-return system for at least some f their taxpayers (U.S. General Accounting Office [GAO], 1996). Moving to a no-return system, however, has implications for both the administrative and structural features f the tax system. Our goal in this paper is to identify and provide information on some f the major trade-offs involved.…
8 pages (2008 words) Essay
Tax Planning
Tax avoidance is the process of planning business transactions in a manner that legally minimizes the amount of taxes due. The four maxims of tax planning are built around the premises of helping businesses work around tax liabilities. 1) Businesses turn over profits to entities that fall within lower tax rates. Reducing tax liabilities can be accomplished through both shifting income to lower-tax rate entities and shifting deductions to higher-tax rate entities. 2) Shift taxable income to a later time period as, in present value terms, tax costs decrease and cash flows increase when the…
6 pages (1506 words) Essay
United States Court System
In spite of the belief that the adversarial system is a contest between two rivals, in reality a complex system of collaboration between judges, prosecutors, and defense lawyers is usually present. In the U.S. court system, members of the courtroom work team create guidelines about how specific kinds of cases must be dealt with and what type of petitions is legitimate for particular kinds of offenses (May et al., 2007, 159).…
7 pages (1757 words) Research Paper
Got a tricky question? Receive an answer from students like you! Try us!