Some factors are: 1. Interest Rates 2. Purchasing Power of the common man 3. Liquidity benefits 4. Tax structures 5. Economic Scenario
To be more specific in the question. Social Security tax, Medicare tax, and State tax are all constant every paycheck. 1%, 3%, and 6%. Federal Tax has changed every paycheck from 8%-26%. 2 paychecks I received were for the same amount and because of the different federal tax in both checks they came out to be different amounts on the actual check. So the question is why does the federal tax change and the other taxes don't?
1. Getting robbed. 2. Getting bankrupted. 3. The Government.
This can be easily explain using financial theory. Debt financing is cheaper than equity will hold true only when; 1) your company wiil be taxed on any profits 2) your company will make profits 3) Interest paid on debt financing is tax deductable 4) your company will reach at least the same sales figure with or without debt This is because the benefit of "Tax Sheild" which arised from the fact that government allows interest paid on debt financing to be tax deductable. For example, if your company makes 1 million in profit, if you have debt, you can use interest paid on debt to lower your taxable profit. Therefore, the government will calculate your tax from 1million less interest paid on debt not the full 1million. Saving from paying lower tax will eventually be resulted back into shareholders' pocket. To understand that debt is cheaper financing than equity, you must not look at the ending profit because your net profit will be lower than not having debt BUT the cash flows to shareholders and debt holder will be higher as a result from the transfer of tax saving.
If you are referring to expense records used for tax purposes, then you should keep them for the same time period you keep copies of all of your tax documents. This should be a minimum of 3 years from when the due date of that tax year's deadline or when the tax was paid, whichever was later. This is so that you have them in the case of an audit (which is typically in that time frame). So for your 2009 tax returns, if you had a deadline of April 15, 2010 and paid your taxes by that date, then you would keep those tax returns until April 15, 2013.You owe additional tax and situations (2), (3), and (4), below, do not apply to you; keep records for 3 years.You do not report income that you should report, and it is more than 25% of the gross income shown on your return; keep records for 6 years.You file a fraudulent return; keep records indefinitely.You do not file a return; keep records indefinitely.You file a claim for credit or refund* after you file your return; keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later.You file a claim for a loss from worthless securities or bad debt deduction; keep records for 7 years.Keep all employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.
Parliament
The 3 levels of the U.S. government are: -State Government -Local Government -National Government
what is the mayor's level of government
Canada has 3 levels of government because if there was only one that one government could not do everything so the divided it into 3 levels of government so every level has there own jobs and responsibility's!
Local, state, and federal are the 3 levels of government in Australia. Australia has a federal parliamentary constitutional monarchy form of government.
Federal Government, Provincial Government, Local Government
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the three levels of government is local, state, and federal.
Horizontal Power sharing 1. Under the horizontal power sharing power is shared among different organs of government such as the legislature, executive and judiciary. 2. Under horizontal distribution of power, organs of the government are placed at the same level to exercise different powers. 3. Under horizontal each organ checks the other. Vertical Power sharing 1. Under the vertical sharing power, power is shared among the different levels of the governments. 2. The vertical division of power involves the highest and the lower levels of government. 3. Under vertical power sharing the lower organs work under the higher org.
there are 3 different type of government in Australia. They are Local, State and Fedral government.
the government spends this tax money by aiding and helping everyone to obtain all their needs in the society and country.
1. the employer withholds estimated taxes 2. the taxpayer files a tax return the government receives a tax payment or gives a tax refund 3. the government receives a tax payment or gives a tax refund