Although income from sales overtook income from advertisements in June, it then dropped ba
Most Americans retire after the age of sixty. The usual age of retirement is 65, although some people retire at 55 or younger. Other Americans do not retire until they are in their seventies. This type of "late retirement" is more frequent now as population growth in the US slows down, and the average age of the citizens increases. Americans usually make plans for retirement well in advance. Their income after retirement may include interest on bank savings and a company pension. Amercians also receive Social Security payments from the federal government.
A、it is influenced by accrual accounting decisions (受应计制的会计决策的影响)
B、it avoids the judgments about revenue and expense recognition that go into the income statement (避免了损益表中有关收支确认的判断)
C、(it focuses attention on what is happening to the firm’s cash position over time) and (it avoids the judgments about revenue and expense recognition that go into the income statement) (它将注意力集中在公司的现金状况随着时间所发生的变动上,同时避免了损益表中有关收入和费用确认的判断)
D、it focuses attention on what is happening to the firm’s cash position over time (它将注意力集中在公司的现金状况随着时间所发生的变动上)
Income tax policy is inevitably controversial because it rests essentially on judgments that must be constantly reconsidered as social values change. The complex task of working out the many reductions and exclusions to be allowed from income because they either make for greater fairness among taxpayers or promote worthy social goals (such as charitable contributions) bone of the most difficult and politically sensitive problems faced by governments.
Another major area of dispute is whether wages and salaries should be taxed the same way as business profits or investment income. While some countries and a few U. S. states explicitly apply separate sets of rules to the measurement of different kinds of taxable income, others, like most U. S. state governments, seek to treat all sources of income in the same way. Even so, dissimilarities inevitably arise. Some costs of earning income are more readily deducted (扣除) from business and self-employment earnings than they are from wages and salaries. Inflation, by eroding the value of capital, distorts the measurement of income from that source. Complex adjustments to the tax law could in principle eliminate these imbalances, but most countries have preferred simpler, more arbitrary solutions.
Most people accept income as a fair tax since ______.
A.every individual enjoys public welfare
B.every citizen of a country has the duty to pay taxes
C.it is within their capability to pay it
D.it is closely related to the individual's benefits
Income tax policy is inevitably controversial because it rests essentially on judgments that must be constantly reconsidered as social values changes. The complex task of working out the many reductions and exclusions to be allowed from income because they either make for greater fairness among taxpayers or promote worthy social goals (such as charitable contributions) is one of the most difficult and politically sensitive problems faced by governments.
Another major area of dispute is whether wages and salaries should be taxed the same way as business profits or investment income. While some countries and a few U.S. states explicitly apply separate stets of roles to the measurement of different kinds of taxable income, others, like most U.S. state governments, seek to treat all sources of income in the same way. Even so, dissimilarities inevitably arise. Some costs of earning income are mom readily deducted(扣除) from business and self-employment earnings than they are from wages and salaries. Inflation, by eroding the value of capital, distorts the measurement of income from that source. Complex adjustments to the tax law could in principle eliminate these imbalance, but most countries have preferred simpler, more arbitrary solutions.
Most people accept income as a fair tax since ______.
A.every individual enjoys public welfare
B.every citizen of a country has the duty to pay taxes
C.it is within their capability to pay it
D.it is closely related to the individual's benefits
Income tax policy is inevitably controversial because it rests essentially on judgments that must be constantly reconsidered as social values changes. The complex task of working out the many reductions and exclusions to be allowed from income because they either make for greater fairness among taxpayers or promote worthy social goals (such as charitable contributions) is one of the most difficult and politically sensitive problems faced by governments.
Another major area of dispute is whether wages and salaries should be taxed the same way as business profits or investment income. While some countries and a few U.S. states explicitly apply separate sets of rules to the measurement of different kinds of taxable income, others, like most U.S. state governments, seek to treat all sources of income in the same way. Even so, dissimilarities inevitably arise. Some costs of earning income are more readily deducted(扣除) from business and self-employment earnings than they are front wages and salaries. Inflation, by eroding the value of capital, distorts the measurement of income from that source. Complex adjustments to the tax law could in principle eliminate these imbalance, but most countries have preferred simpler, more arbitrary solutions.
Most people accept income as a fair tax since ______.
A.every individual enjoys public welfare
B.every citizen of a country has the duty to pay taxes
C.it is within their capability to pay it
D.it is closely related to the individual's benefits
Taxes in Early America
Taxes have always left a sour taste in the mouth of American citizens. This national hatred for taxes dates back to the tax burden placed on the American colonies by Great Britain. Colonists were taxed for every consumer goods, from tea and tobacco to legal documents. This "taxation without representation" led to many revolts, such as the Boston Tea Party, in which colonists dumped tea into the Boston Harbor rather than pay the tax on it.
Although the American colonists fought for independence from British rule and British taxes, once the United States government formed, its main source of revenue was derived from placing customs and excise taxes on the same items that were taxed by Great Britain. In 1812, in an effort to support an expensive war effort, the U.S. government imposed the first sales tax, which was placed on gold, silverware, jewelry and watches. In 1817, internal taxes were terminated and the government relied on tariffs to support itself. It wasn't until 1862 that the United States imposed the first national income tax.
To support the Union Army, Congress passed tax laws in both 1861 and 1862. The office of Commissioner of Internal Revenue was established by the Tax Act of 1862, which stated that the commissioner would have the power to levy and collect taxes. The office was also given the authority to seize property and income in order to enforce the tax laws. These powers remain pretty much the same today, although the IRS (Internal Revenue Service) will tell you that enforcement tactics have been toned down a bit.
In 1863, the federal government collected the first income tax. This graduated tax was similar to the income tax we pay today. Those who earned $ 600 to $ 10,000 per year paid at a rate of 3 percent. A higher rate was paid by those who earned in excess of $ 10,000. A fiat-rate tax was imposed in 1867. Five years later, in 1872, the national income tax was abolished altogether.
Inspired by the Populist Party's 1892 campaign, Congress passed the Income Tax Act of 1894. This act taxed 2 percent of personal income that was more than $ 4,000, which only affected the wealthiest citizens. The income tax was short-lived, .as the U.S. Supreme Court struck it down only a year after it was passed. The justices wrote that, in their opinion, the income tax was unconstitutional because it failed to abide by a Constitutional guideline. This guideline required that any tax levied directly on individuals must be levied in proportion to a state's population.
In 1913, the income tax became a permanent part of the U. S. government. Congress avoided the constitutional roadblock mentioned above by passing a constitutional amendment. The 16th Amendment reads, "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration."
Alternative: Flat Tax Or National Sales Tax
Since the 16th amendment was passed in 1913, there has been no shortage of people proposing new tax systems since then. If you follow presidential campaigns, there are usually talks from some of the candidates on revising the tax system. Here's a quick look at two of these alternative tax p
A.Y
B.N
C.NG
Income Taxes
We generally don't think much about taxes except during the annual tax season. It's probably the most dreaded time of the year for millions of Americans, yet we circle it on our calendars along with holidays and birthdays. But little joy is connected to April 15, which is the deadline for filing tax forms.
The American tax system is a huge machine with a tax code that seems more complex than rocket science. In this article, we will take a look at the history of income taxes in the United States, examine the process of individual income taxation.
Taxes in Early America
Taxes have always left a sour taste in the mouth of American citizens. This national hatred for taxes dates hack to the tax burden placed on the American colonies by Great Britain. Colonists were taxed for every consumer good, from tea and tobacco to legal documents. This "taxation without representation" led to many revolts, such as the Boston Tea Party, in which colonists dumped tea into the Boston Harbor rather than pay the tax on it.
Although the American colonists fought for independence from British rule and British taxes, once the United States government formed, its main source of revenue was derived from placing customs and excise taxes on the same items that were taxed by Great Britain. In 1812, in an effort to support an expensive war effort, the U.S. government imposed the first sales tax, which was placed on gold, silverware, jewelry and watches. In 1817, internal taxes were terminated and the government relied on tariffs to support itself. It wasn't until 1862 that the United States imposed the first national income tax.
To support the Union Army, Congress passed tax laws in both 1861 and 1862. The office of Commissioner of Internal Revenue was established by the Tax Act of 1862, which stated that the commissioner would have the power to levy and collect taxes. The office was also given the authority to seize property and income in order to enforce the tax laws. These powers remain pretty much the same today, although the Internal Revenue Service (IRS) will tell you that enforcement tactics have been toned down a bit.
The First Income Tax
In 1863, the federal government collected the first income tax. This graduated tax was similar to the income tax we pay today. Those who earned $600 to $10,000 per year paid at a rate of 3 percent. A higher rate was paid by those who earned in excess of $10,000. A flat-rate tax was imposed in 1867. Five years later, in 1872, the national income tax was repealed(撤销) altogether.
Spurned on by the Populist Party's 1892 campaign, Congress passed the Income Tax Act of 1894. This act taxed 2 percent of personal income that was more than $ 4,000, which only affected wealthiest citizens. The income tax was short-lived, as the U.S. Supreme Court struck it down only a year after it was enacted. The justices wrote that, in their opinion, the income tax was unconstitutional because' it failed to abide by a constitutional guideline. This guideline required that any tax levied directly on individuals must be levied in proportion to a state's population.
In 1913, the income tax became a permanent part of the U.S. government. Congress avoided the constitutional roadblock mentioned above by passing a constitutional amendment. The 16th Amendment reads, "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration(列举)." The 16th Amendment gave the government the power to levy taxes on individuals regardless of state population. The Underwood Tariff Act of 1913 included an income-tax section that initiated the system we use today. During World War II, the federal government began withholding taxes, also known as the pay-as-you earn taxation system. This gave the govern
A.Y
B.N
C.NG
According to government statistics, in the United States, there are over 110 million cars and "more people" means "more cars". By the end of twenties of next century, the population of the United States will have doubled that of today and the number of automobiles will be doubled as well. And in twenty-year's time the per capita income will also be 2.5 times higher than it is. If this increase income is spent on more and larger automobiles, larger houses, and increased consumption of other material goods, the results could cause catastrophic resource exhaustion, and pollution. Take the increase of the consumption of oil for instance. The consumption is so huge that the reserves might last only a decade or two if not supplemented by imports.
Ten years ago it appeared that nuclear power would solve the anticipated energy crisis. Although supplies of uranium fuel were known to be limited and might become exhausted in half a century, the nuclear power plant has for a long time been a favorite project. But work on it has met with grave problems. The fear of possible atomic explosion and the problem of disposing of polluting by-product waste have slowed down the construction of further nuclear plants. Eventually atomic technology may be able to control these problems, but at present there seems to be little agreement among atomic scientists about when this can be achieved.
Which of the trend is true?
A.The population will increase, but the income will decrease.
B.The population will decrease, but the income will increase.
C.Both will increase.
D.Both will decrease.
Investment and Consumption
Investment in the public sector, such as electricity, irrigation, public services and transport (excluding vehicles, ships and planes) increased by about 10%, although the emphasis moved to the transport and away from the other sectors mentioned. Trade and services recorded a 16% ~ 17% investment growth, including a 30% increase in investment in business premises. Industrial investment is estimated to have risen by 8%. Although the share of agriculture in total gross investment in the economy continued to decline, investment grew by 9% in absolute equipment. Housing construction had 12% more invested in it in 1964, not so much owing to increased demand, as to fears of new taxes and limitation of building.
Total consumption in real terms rose by close on 11% during 1964, and per capita personal consumption by under 7%, as in 1963. The undesirable trend towards a rapid rise in consumption, evident in previous years, remained unaltered. Since at current prices consumption rose by 16% and disposable income by 13%, there was evidently a fall in the rate of saving in the private sector of the economy. Once again consumption patterns indicated a swift advance in the standard of living. Expenditure on food declined in significance, although consumption of fruit increased. Spending on furniture and household equipment, health, education and recreation continued to increase. The greatest proof of altered living standards was the rapid expansion of expenditure on transport (including private cars) and personal services of all kinds, which occurred during 1964. The progressive wealth of large sectors of the public was demonstrated by the changing composition of durable goods purchased. Saturation (饱和) point was rapidly being approached for items such as the first household radio, gas cookers, and electric refrigerators, whereas increasing purchases of automobiles and television sets were registered.
From this passage, we learn that people______.
A.spent more money than they earned
B.saved more money than previously
C.invested and consumed at an accelerated pace
D.spent their money wisely
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