Realizing how important tax research has become, LexisNexis developed a service exclusively for tax practitioners called the Lexis Tax Center.
<h3>What is
Tax ?</h3>
A tax is a mandatory financial charge or other sort of levy imposed on a taxpayer by a governmental organization to fund government spending and related public expenses, and taxation is a type of levy.
A tax deduction is a provision that lowers the amount of taxable income. A standard deduction is a single, fixed-amount deduction. Itemized deductions are popular with higher-income taxpayers because they frequently have considerable deductible expenses such as state/local taxes paid, mortgage interest, and charitable contributions.
The effective tax rate is the percentage of an individual's or corporation's income that is paid in taxes. Individuals' effective tax rate is the average rate at which their earned and unearned income, such as stock dividends, are taxed.
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The just distribution of scarce goods is not <u>rationing. </u>
Typically, free market results do not guarantee fair income distribution or allocation of resources. Therefore this is why in many states the goverments intervenes in the economy, to perform a subsequent redistribution.
Rationing is not related to this idea. Moreover, it is triggered by an undesirable market result that take place when the amount demanded exceeds the amount supplied at the established price level, and some consumers are not able to purchase the desired good and in turn to satisfy their underlying need. A rationing mechanism can be imposed to limit the amount of consumption that each person can have access to. But this tecnique, although it palliates a market flow, it does not guarantee a fair redistribution, because in many cases it is based on first come-first served or other arbitrary mechanisms, instead of being based on willingness to pay, income, preferences or any other rationalized mechanism.
Hinduism<span> prevented modern social mobility because it is designed to be religion of society and civilization, rather than of individual. </span>Hinduism <span>covered aspects of specific role to certain person out of free their free will.
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Answer:
Special districts are not school districts.
School districts exist to provide one service --- public education. Special districts provide a variety of public services, excluding education. In addition, school districts get most of their money from the state, whereas special districts rely primarily on local revenues.
Explanation:
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Tariffs have historically served a key role in the trade policy of the United States. Their purpose was to generate revenue for the federal government and to allow for import substitution industrialization (industrialization of a nation by replacing foreign imports with domestic production) by acting as a protective barrier around infant industries.[1] They also aimed to reduce the trade deficit and the pressure of foreign competition. Tariffs were one of the pillars of the American System that allowed the rapid development and industrialization of the United States. The United States pursued a protectionist policy from the beginning of the 19th century until the middle of the 20th century. Between 1861 and 1933, they had one of the highest average tariff rates on manufactured imports in the world. However American agricultural and industrial were cheaper than rival products and the tariff had an impact primarily on wool products. After 1942 the U.S. promoted worldwide free trade.
According to Dartmouth economist Douglas Irwin, tariffs have serve three primary purposes: "to raise revenue for the government, to restrict imports and protect domestic producers from foreign competition, and to reach reciprocity agreements that reduce trade barriers."[2] From 1790 to 1860, average tariffs increased from 20 percent to 60 percent before declining again to 20 percent.[2] From 1861 to 1933, which Irwin characterizes as the "restriction period", the average tariffs increased to 50 percent and remained at that level for several decades. From 1934 onwards, which Irwin characterizes as the "reciprocity period", the average tariff declined substantially until it leveled off at 5 percent.[2]
