...First Time Home Owners Tax Credit Laura R. Kohler National American University Everyone dreams of owning their own home at some point in their life. This idea is set into our heads as children. We grow up, get a job, get married, buy a house and start a family. It’s the American dream. What if there was more incentive to buying your first house? Good news, there is. The first time home owners’ tax credit was designed especially for you. That is if you so happened to purchase your home between April 2008 and April 2010. In 2000, the United States economy began to fall. With this fall came the housing market crash. Some say that the housing market has yet to recover. It’s made a big step though. With the big fall in the housing market, Washington got worried and decided to step in to help. In December of 2009 mortgage rates were at a historical low. There were ideas of making a tax credit that would be 10% of the purchase price to help lower mortgage rates for anyone who bought a home. They thought that this would make people jump at the opportunity and finally make that first purchase. Another idea was to help struggling owners lower their mortgage and refinance. The problem with this was finding out who should really be saved. Purchasing is an amazing first step. It’s a great way to start securing a financial future for you and or your spouse and family. The big question is, are you ready? One of the first things that you will need to figure out...
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...North America. One of the primary problems faced by the characters in El Norte is the issue of seeking employment in a country where they are unable to easily gain qualifications and education. During their time in Guatemala Rosa and Enrique worked exclusively in the domestic and agricultural realm and thus have no qualifications that could grant them a successful and high paying job in the U.S. Therefore they end up in somewhat menial low paying job such as waiting on, ironing clothes and cleaning houses. When Nacha first introduces Rosa to the job of ironing clothes shortly after she has arrived in America she states “They’ll pay you 30 cents apiece.” According to US tax policy this means she would have had to iron 11 pieces an hour in order to earn the minimum wage for the state of California in the year the film was released. This shows just how incredibly hard immigrant workers have to work in order to make just the minimum amount of money they could be expected to live on. Furthermore very few of these types of immigrant job allow opportunities for the labourers to progress into higher paid jobs in the company and...
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...that income tax started in 1861 with the Civil War, when congress passed a bill required everyone to pay three percent of their income starting at $600 to $10,000 each year (Boortz & Linder, 2005). Since the end of Civil War, the battle began to get rid of the income tax. The truth is that the tax takes money off our pockets. But, I proposed that tax increase on income $ 250,000.00 or more per year because that will decrease taxation on the lower income levels, and increase revenue to the government to fight budget and reduce the national debt. As stated above, income tax was a battle in 1896 and continues to be a battle in 2012. The Sixteenth Amendment of the US Constitution was born to collect revenue from American workers, and that was a fight between Democrats and Republican over income taxation. Due to a 2% tax in 1894, the two major political parties took the fight all the way to the US Supreme Court with a question about the constitutionality of that law. The Supreme Court ruled that the income tax was unconstitutional. As a response to that ruling, Joseph Bailey a democratic senator from Texas presented a bill requesting an income tax. Republicans on their part required an Amendment to the US Constitution in other to support that piece of legislation. Surprisingly, with a vote of 77 to 0 in the Senate, and 318 to 14 in the House the Amendment passed and later on was ratified by the States on February 12, 1913 (Boortz & Linder, 2005). Since the income tax became law people...
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...changes to enhance its ability to function and to maintain in today’s vastly moving and unstable economic times. Employee productivity suffered due to lack of job and salary consistency, training was non-existent government wide, very few departments provided internal departmental training, Career Development was listed in ARC’s Personnel Policy and Procedure Manual but was unfunded and Technology was not being used as a tool to help the employees but as a function to manipulate to possible perform a function. The outcome is to perform a salary study internal and external and to review job functions and correct job descriptions and streamline processes. Implement new training programs in-house with current staff, that is trained and capable of providing the training, and pay for all other training services from external services, approximately 20% of services. Commission to implement a plan to finance Career Development in the 2014 budget and to implement and strategize a plan to obtain or update one of the systems to perform all the functions required of the Human Resources and Finance/Payroll Departments. The local labor market of Augusta, Georgia is unique in itself as there are ten plus collegiate, technical opportunities within the area to receive training for enhancement of skills and abilities. The majorette of the job opportunities are in the medical, legal, and construction....
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...Erica Prieto ENGL 1302 Dr. Rechelle Christie February 18, 2014 Legalizing Immigrants It is recognized that illegal immigration has been a common problem to this country for many years now and has only gotten worse. There has been many “solutions” up in the air for quite some time now. Up until this point in time nothing has been done, other mentioning possible solutions. The government has made this topic very controversial and high priority over the years causing the public to be more aware and involved. The country can be safer due to increased security; decreased work force, and not to mention the national debt that has increased as a result to this issue. Many people are very interested in this issue because it seems the government has mixed opinions on this and the country is changing more as time goes by. The Comprehensive Immigration Reform for America’s Security and Prosperity (CIR ASAP) Act of 2013 has several titles under the proposition. One is the importance of secure borders. (Immigration Policy Center) This includes detention and enforcement centers to protect the people and punish the “smugglers” who put innocent people in danger when trying to enter this country illegally. Many immigrants travel for days trying to cross borders to get to this country, where many die as a result of dehydration, or starvation, and getting attacked by wild animals. Under this section it states that medical treatment is ensured for people who are in danger. It also increases...
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...technological barriers. Consequently, they have sought global participation through outsourcing activities. This is indeed a break from the traditional self-reliant way of doing business. Outsourcing arrangements are technologically and organizationally complex, and present a variety of challenges to manage effectively. Outsourcing benefits include cost savings, quality improvement, and the ability of the organization to concentrate time and resources on its core business. Outsourcing trends change from year to year, and usually involve changes such as progressive outsourcing, cloud sourcing, mergers between organizations from different parts of the world and protectionism. In this paper we will look at a few of these areas such as the how in recent years the business practice of outsourcing jobs has been considered both a blessing for American business and a concern for the American worker, the amount of outsourcing being done and why, the affect on the economy in the United States, and the role government plays in outsourcing. The paper concludes, however, that the trend is just beginning and how our country can and should responsibly move forward on this issue. Outsourcing: The Government, the People and the Companies Do you work for a company that has employees outside of the United States of America? Well the fact of the matter is that many of us work for companies or states that has or will outsource work. Some may see this as a problem on many different levels and other...
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...land where Native Americans had been living for many years. In other words every white in America is descendant from immigrants of some other country but yet there are people in USA that say Mexicans don’t have the right to immigrate. It’s very ironic that such people say that, it’s like saying, there are two immigrants and one says to another “You don’t have the right to immigrate, only I do.” There is a range of positive and negative aspects of immigration. Weather one should take a side for either against it or not, it’s up to oneself to decide. The definition of an immigrant or illegal alien is best summarized as a person coming in to a different country and settling without the countries permission to stay. ------------------------------------------------- The question, should amnesty be given to illegal immigrants?, Brings up a lot of controversy in all of USA. Mexican immigrants are willing to work out in fields picking crops, cleaning houses, bus tables, etc. all these jobs are jobs that immigrants are very eager to do so, even at minimum wage pay. A lot of Americans don’t want to work as hard for the little pay that they get so having immigrants fill these jobs is good thing for them. Then there is people that claim that immigrants don’t pay taxes, all immigrants pay taxes of some kind. There are illegal immigrants that use false documentation to work and these people don’t receive any tax money back that every American that works...
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...Executive Compensation has become the most contentious issue in corporate governments. Many critics claim that poorly designed executive compensation incentives helped caused the recent financial collapse, but disagree widely about what was wrong with those designs. Some also claim that many American executives are overpaid, that their pay reflects their own influence over their boards rather than a disinterested evaluation of their worth. Management and investors are wrestling over their roles in structuring executive compensation through sign on pay and the role of proxy advisory services. We will be addressing Executive Compensation in three parts. We will begin with where we have been, where are we presently and then where we need to be in the future. We will go back to October 23, 2008, which was the height of the financial crisis. The Federal Reserve had intervened to save BEAR-STEARNS from financial collapse. In the pervious month Merrill-Lynch had been sold to Bank of America and AIG had just received a $85 billion dollar bail-out from United States taxpayers. The 158-year-old Lehman Brothers financial firm had just collapsed and filed for bankruptcy. It was an uncertain and extremely precarious time. The then President Bush asked for an astonishing 700 billion dollars to prevent a contagion from spreading through the financial markets and it was approved by Congress. So, what went wrong? How did our nation go from record surpluses in the late 90’s to the most devastating...
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...This bill came on the heels of major demonstration and protest by blacks in the south for the right to be treated equally under the law. This comes at a time when some blacks could vote, a right given to them under the civil rights act of 1957 three years earlier. Many still did not because of the strict segregation enforcement through the “Jim Crow” law’s and tactics like the poll taxes that forced voters to pay an tax before they were allowed to vote and literacy test preventing blacks from being successful. President Kennedy was assassinated before seeing that bill become law his successor President Lyndon B Johnson would continue to fight for Kennedy’s bill for Civil Rights. This bill met with opposition while in both the house and the senate it was faced with many attempts to sabotage it just as it had been done in earlier attempts. However, Senators William McCulloch, Herbert Humphrey, and Everett Dirksen would be essential in getting this act passed into law. Some had nothing to gain politically from supporting the movement but believed that according to the Constitution everyone should have the basic rights. President Johnson was great at working both sides of the party lines. The Civil Rights Act of 1964 would eventually pass and be signed into law on July 2 1964 after one of the longest filibusters...
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...Year 10 Revision Timelines: The Roaring Twenties Women Before First World War * Women could not vote. * Middle/upper class women did not work but had the role of mothers and housewives. Working class women had low paid jobs such as factory work and cleaning. * Women usually wore full length dresses, wore no make up and had their hair tied back in buns. * Divorce was very rare and so was sex before marriage. * Women did not smoke or drink in public. * They had to go out with a chaperone (a family member) when they met their boyfriend. How did the First World War change the lives of women? * During the war, women began to work in areas like heavy industry. They proved they could work as well as men. By 1929, there were 10 million women workers; a rise of 24% since 1920. * Working gave women independence and they began smoking and drinking in public. * Women were given the vote in August 1920 but few were chosen to be actual politicians. * Production of consumer goods such as vacuum cleaners and washing machines meant women had more time for leisure activities. * Flappers emerged in the 1920’s = women from middle and upper class families from the Northern States. They cut their hair in short bobs, wore make up, short skirts and bright clothes. They also smoked and drank in public, went to speakeasies, danced the Charleston with men and listened to Jazz and drove cars and motorbikes. * BUT many groups, particularly...
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...Governmental Budgeting and Finance Introduction In 2009, Barack Obama took office as the 44th President of the United States. In February that same year, President Obama signed a stimulus bill into law that included tax cuts and a safety net of spending and appropriations for projects in our nation. When President Obama took office, he was faced with experts stating that this is the “worst U.S. economy since the Great Depression” (CNN U.S. 2009). Several documents that incorporate 2009 funding levels for the U.S. Government and the Department of Education, will attempt to identify trends for the years 2009 to 2011 in regards to outlays and receipts along with the GDP relationship. The following articles will be analyzed; The Budget Message of the President, Restoring Responsibility, Rescuing the Economy and Reviving Job Creation and Laying A New Foundation For Economic Growth. When analyzing this articles, we will look at what progress has the country made during this past year, what issues are we facing as we move forward, what is the economic situation and what significant issues and initiatives are discussed in these articles. One other piece of document that will be analyzed is the Department of Education. When we look at the Department of Education, we need to know what departments mission is, major funding items and what the budget in regards to outlays and receipts for the years of 2009, 2010 and 2011. When looking at these figures, a Budget Summary...
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...J. Bradford DeLong Battered but Not and Beaten J. Bradford DeLong U.C. Berkeley October 29, 2010 Is This Really Our Proper Timeline? This talk has turned out to be rather more of a selftherapeutic exercise--or perhaps a call for psychological help--than is appropriate for this conference. But you go to the conference with the talk you have, and not the talk you wish you had. So let me start. These days I wake up. Blearly-eyed, I stumble down the stairs. And while I am eating my wheaties the macroeconomic situation hits me. And I stop, with the spoon halfway between the bowl and my mouth. I then find myself thinking: 1 J. Bradford DeLong This cannot be real. This has to be some horrible mistake, some dystopian alternate timeline--like that Star Trek episode with the transporter malfunction and evil-Spock-with-a-beard... And then I stare unproductively at the wall for a while as I try to piece together how exactly we got here. What I Was Saying Two Years Ago Last week I went back and looked at all of my talks from the fall and winter of 2008. Back then I was ringing changes on three themes: 1. We are in substantial trouble: the collapse of the housing bubble triggered a mortgagefinance crisis that snowballed into a general financial crisis and a flight to safety that would, if unchecked, produce the worst economic downturn since the Great Depression itself. 2. Normal stabilizing monetary policy tools cannot help us any more. The standard policy moves we...
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... As The New York Times explained, Democrats see the minimum wage as an issue that "will place Republican candidates in a difficult position," and also as a tool "to enlarge the electorate in a nonpresidential election, when turnout among minorities and youths typically drops off." (Unlike Republicans, Democrats consider it important to win elections.) To most people, it seems as if the Democrats are giving workers something for nothing. But there are always tradeoffs. No serious economist denies that increasing the minimum wage will cost jobs. If it's not worth paying someone $10 an hour to do something, the job will be eliminated -- or it simply won't be created. The minimum wage is the perfect Democratic issue. It will screw the very people it claims to help, while making Democrats look like saviors of the working class, either by getting them a higher wage or providing them with generous government benefits when they lose their jobs because of the mandatory wage hike. Of course, the reason American workers’ wages are so low in the first place is because of the Democrats' policies on immigration. Republicans might want to point that out. Since the late 1960s,...
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...affect them. For instance political. This could include government support, provide, enhancing skills of the working population of Tesco's which may include training days or induction days if you have just been previously employed. The main factor could be government support which has to routes that it can go down. Direct support or indirect support which also includes the fiscal policy which is linked with taxes, vat and cooperation tax. Loans may be offered to Tesco if they are struggling with been able to spend money on buying new products and better products. For example, during the recession Tesco might not be doing as well as they need to be and they might not be able to spend much money on new things which would increase the amount of money they make. They may then take a loan out from the government so that they can afford what they need to buy. However, they do need to pay this back as well as the interest rate. So for example if Tesco had taken a loan from the government which were £1000 and the interest rate was 5% Tesco would have to pay the government back with £1150. However Tesco don’t normally take loans out because they are never short of money as they are such a big global organisation. With the stakeholders/owners, if the economic climate and structure of the economy was in a recession then this means that consumers have less disposable income to spend, therefore there will be more intention to save and less to spend, and this can also result in aggregate demand...
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...and the environment to see how the company stands. The second half of the report deals with a new product, tax preparation, and how it will be implemented into Wells Fargo. When analyzing the company, we found that it is viewed as the largest bank in the United States by physical size. The company have “2000” child companies and their advertising style is very recognizable with the stagecoach theme. The biggest competition to Wells Fargo is Bank of America. There are many trends that are looked at that could affect the banking industry. Some trends include the environment, government policies, technology, and much more. These trends show how the industry should view what is going on in the market that could affect how consumer’s perceptions are changing in the market. After the trends were analyzed, our team analyzed the customers and put them into segments. These segments are relevant because of the different ways that consumers look at the bank industry. The segments were then used to make the target market of the age range of 26 to 60 years old and lower to middle class consumers. Then we made a SWOT table; that shows our strengths, weaknesses, opportunities, and threats. All this information was then used to make our marketing plan. Through examination of the information in the situation analysis, our team came up with a new product service, tax preparation. This service will coincide...
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