Essays on Tax Deductions

Federal funding for the restoration and protection of coastal wetlands

The federal government has an exclusive jurisdiction over protection and restoration of coastal wetlands that are deemed by DEC as of local importance. The federal government is statutorily authorized to adopt and implement a coastal wetlands protection law wholly or partially within the federal government’s jurisdiction. The law prescribes specific funding and procedures be followed in determining the extent of the coastal wetlands hazard while seeking to assert its jurisdiction over its coastal wetlands. The systems of the coastal wetlands protection necessitate forwarding of the federal government’s regulation to DEC for the establishment of the competence of ...

Both the concepts of tax reduction and tax credit benefits an individual in a way that the taxes will have a less significant impact on the reduction of the financial resources. Tax reduction directly decreases the amount of tax included in some forms of expenses, while the tax credit decreases the expenses on taxes by accessing credit values which can be obtained by meeting specific requirements, and will take care of some portion of the taxes (Mercadante, n.d). Both are helpful to the taxpayers, but which one is more beneficial? Considering another concept called the Adjusted Gross Income, or ...

Personal Finance Essays

The Wall Street Journal on April 8, 2016, the author Jason Zweig says the government is not responsible for the retirement savings of the people. The government since the great depression in the middle of the 20th century created the social security system which guarantees (in theory) a pension and retirement funds to all the people that are over sixty years and serves more than thirty years or more, depending on the institution or company (Zweig). The welfare state created by the government and emulated by other countries in Europe and America works similar a pyramidal scheme. The new ...