When did it start? Who owns it? Cryptocurrency occurred as a failed attempt of another invention by an anonymous person by the name of Satoshi Nakamoto (Frankenfield, 2018). Satoshi Nakamoto is the creator of Bitcoin, the first cryptocurrency born in late 2008. The most vital part of Satoshi‘s invention was building a digital cash system […]
Taxpayer Definition: A taxpayer is a person who earns income from Malaysia. The person will be charged to pay tax and is fully responsible to pay tax to the government of Malaysia. Responsibilities of Individual taxpayer The individual taxpayers are responsible to keep their records and documents accordingly, calculate the tax accurately and submit the […]
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Get help with your assignmentThe word ‘Tax’ has been come from the Latin word ‘TAXO’. It conveys that it is a mandatory financial charge or some other type of levy imposed upon a tax payer. A tax payer could be an individual or other legal entity. It is imposed by the governmental organization in order to fund various public […]
In recent discussions of economic inequalities, a controversial issue has been whether economic inequalities are to be arranged so that they are reasonably expected to be to everyone’s advantage. Through this essay we will be talking about progressive federal income tax and flax tax rate. A progressive tax is a tax rate that increases as […]
The United States currently uses a progressive tax system. While paying taxes is inevitable, many American citizens feel that the taxes they are required to pay are unfair. Some maintain that the progressive tax system that is currently used should be changed, arguing that the existing system punishes the rich and rewards the poor. Is […]
The fast expansion of digital technologies has contributed to the boom of cryptocurrencies over the past year. Taking into account the involvement of virtual money in cyber attacks and illegal transactions, how and to what extent should the EU legislate currencies such as Bitcoin, Ethereum and IOTA? Chaired by Nazeli Ghazaryan (AM) Key Terms Cryptocurrency […]
For most people, it is considered as digital money, wherein no middlemen, such as bank or credit company are required. The first bitcoin specification was created in 2009 under the pseudonym Satoshi Nakamoto. Satoshi Nakamoto left the project, but bitcoin continued to grow through the help of many interested developers. As of today, the number […]
One of the first virtual currencies to have emerged was called WebMoney. This virtual currency was a result of the “collapse of the Russian Banking sector in 1998” (Small). There is a common trend of virtual currencies popping up after an economic crisis and Bitcoin is no exception to that. During the 2008 global financial […]
In this world of technology, blockchain is widely used in various start-ups, industries, cloud storage etc. As we know every coin has two sides, similarly along with advantages there are some limitations. There are successful scenarios, but some do face failures, limitations, and various challenges. There are some concerns while using the blockchain technology which […]
The end of the Seven Years War (1763) came at a steep price for Britain; ??75 million to be exact. This enormous amount of borrowed money doubled Britain’s national debt (Land, Jeremy, 73). George Grenville, the prime minister in 1763, found that the American colonies produced ? 2,000 a year, while their Caribbean colonies produced […]
A progressive tax is one that chargers a higher tax rate for people who earn a higher income than others. The rationale behind progressive tax is that people with a lower income will spend more of their income in order to maintain their standard of living. The United States uses a progressive income tax system. […]
Many people know about the American Revolution. People know why the American Revolution started but we are going to look at the specific reasons. Some of the reasons the American Revolution started was because of taxation without representation, they wanted their freedom from Great Brittan, and the federal government made the states pay the war […]
The present issue of lousy nourishment utilization and the all-inclusive obesity battle in America relentlessly plagues our nation. Hundreds of billions of dollars are spent on junk food yearly. Junk food is so termed due to high sugars and fats and low in other necessary nutrients. American obesity, which afflicts roughly one hundred million people, […]
The development of a country is inseparable from taxation, which is the guarantee of the country’s fiscal revenue. I believe for most countries the purpose of the taxation is to economic and social. As the world’s largest economy, the United States has built the world’s most advanced and most complex tax system. However, China experienced […]
“Taxation is the price which civilized communities pay for the opportunity of remaining civilized.” Albert Bushnell Hart We will speak about the taxations advantages, disadvantages, and necessity. First of all what is it actually, why it is introduced? Why and when have we to pay it? And in the reality who gets this large amount […]
Should Student Loan Debt Be Easier To Discharge In Bankruptcy? Students should be able to file bankruptcy for their loans. Many students will not find a job after graduating college. Often times they may not even find a job with their major. Even if they do find a job right away it does not mean […]
This social issue involves the young graduate students of this generation. Not only has the price of college alone skyrocketed the burden of debt has gone up tremendously within the past 30 years. The reason why this is happening is due to the belief that higher education will get you the pass to the middle […]
Students loans are like stalkers because they follow everywhere you go. Students drop out of college because of costs and have no way to support a living and going to school. Students should to get loan relief during bankruptcy processes because some did not understand the consequences at young a young age, they could become […]
Student Loan Levels in the United States Student loans have risen significantly in recent years. In this paper, we explore some of the reasons for this occurrence, the issues associated with the occurrence, and potential solutions to the problem. Rising Costs of College From what has been researched, the key reason why college tuition cost […]
Do you want to spend 20 years of your life paying off your student loans? If you could have a chance to pay for college with cash, would you take it? If you save up the money throughout your life, you can be debt free and making profit after you graduate from college. It’s the […]
It has become evident to students in America that in order to attain a profitable job they must pursue higher educations after graduating from high school. College tuition is drastically rising, and many students have difficulties paying for their tuitions. According to CNBC.com, the student loan rate more that doubled between 2003 and 2011, and […]
If we went back a couple decades ago, the majority of people at the time got a job after they graduated high school. College was optional for achieving higher education within the elite and scientists community. The average family would send their kids to public school from kindergarten to 12th grade, which costed none of […]
A trillion dollars of money, on the surface, seems like an insurmountable amount of money. And, for most current college students, and recent graduates, having to pay back their loans is a huge headache and one that may follow them for decades. However, to solve the problem of student loan debt, the solution doesn’t need […]
A recent and pressing debate in American politics has been centered around the topic of increasing student loan debt and the overarching conversation of who really benefits from them. As the cost of attending college increases, the amount of student loans being taken out also increases, which in turn leads to debt for those students. […]
Why I defaulted on My Student Loans written by Lee Siegel shares personal experiences when he was young of why he defaulted on student loans. Loan Default can be described as when a person fails to pay of their loan that was given to them on a specific date. Siegel recommends that college graduates should […]
Income Contingent Loans Can Solve the Student Loan Debt Crisis Students in the US are currently drowning in student loan debt. One recent study found that the majority of American borrowers, 56% of them struggle with paying their student loan payments in the first five years after college.(Paragraph 12) Finding a solution to the problem […]
I am reaching my early thirties where countless daunting bills are bombarding me every first of the month. Overwhelmed with bills here and bills there, I constantly find myself debating if college was worth all of the sacrifices I have had to make. From having to live in a small apartment in the hood, spending […]
There are businesses who intentionally decline cash payments and they know exactly what they are doing. In an article titled How the Cashless Economy Shut Out the Poor written by Ginia Bellafante, she writes about her experience when attending a restaurant that declined her cash payment. If she did not pay with a card or […]
When you look at the form Instructions on Filing 1040, there is a lot of information that goes into filing a 1040 and taxes in general. AGI is calculated from what you list and claim as your Gross Income, therefore what you have listed as your Gross Income will affect your AGI. If your Gross […]
In the era of knowledge economy, having a huge amount of interest in knowledge is often taken for granted. For example, accountants, programmers, physicians, architects, and financial analysts all enjoy high levels of treatment and social status. Making money with creativity is the object of envy and admiration. Thousands of people around the world work […]
