Tuesday, December 24, 2019

Welfare Drug Testing Should Not Be Allowed - 1416 Words

With 35.4% of Americans on welfare, and the U.S spending over 131 billion on welfare annually, not including food stamps. People have been looking for a way to cut the costs of welfare for many years. And then Welfare drug testing was proposed. At initial thought it seemed like a grand idea and a great way to cut costs and to eliminate all the drug users in the system, and because of that welfare drug testing has been put into action in 13 states. But, welfare drug testing is completely ineffective. Welfare drug testing should not be allowed because it violates the rights of the welfare recipients, it is stereotyping and discriminating against people on welfare, and it is expensive and ineffective . For all these reasons mandatory†¦show more content†¦This small bit of information should be enough for the government to stop the because it breaks one of the key laws this nation was built on, yet they still have it is action. Supporters of Welfare drug testing might say that it is completely unfair and unjust that often before people can start working they have to submit a drug test, but people on welfare don’t have to to receive government handouts, but it a completely different situation because all of the businesses that require employees to take a drug test are privately owned. Drug test are needed to insure that employees can be relied on to do their job such as police and army. Welfare is different because it is managed by the government which is not allowed to do drug tests because of the fourth amendment. Finally, welfare recipients should have the right to not tell the government everything about them when they apply for government handouts. As Judge Stanley Marcus, said that Citizens do not abandon all hope of privacy by applying for government assistance.† (Amy Sherman) Everybody deserves the right to privacy, even people applying for welfare as the quote says they have the right to have some privacy and to not be forced to take drug tests and to get bombarded by random checking by the government. Another reason that welfare drug testing should be banned is because it is based off stereotypes and discrimination. Welfare drug testing is stereotyping because many of the people who support

Monday, December 16, 2019

Disadvantages of Corporations Free Essays

Double Taxation Double Taxation: Depending on what special rights and restrictions are attached to the shares, and how the profits of the corporation are paid out to the shareholders, there is the possibility of double taxation: the corporation must pay taxes on its profits and the shareholder may be subject to taxation on the profits paid out. This can result in greater taxation than if a corporation was not used for the business. C corporations pay taxes on profits when corporate income is distributed to owners (shareholders) in the form of dividends. We will write a custom essay sample on Disadvantages of Corporations or any similar topic only for you Order Now This is the first taxation. The shareholders who receive dividends must also pay taxes for this distribution on their personal returns. This is the second taxation of the same money. The corporation itself does not pay taxes twice, but just the sound of â€Å"double taxation† can make potential business owners cringe. However, there is an out. Choose the IRS’ â€Å"S Corporation† tax status to avoid double taxation. In other systems, dividends are taxed at a lower rate than other income)(for example, in the US) or shareholders are taxed directly on the corporations profits and dividends are not taxed Double taxation is levying of tax by two or more jurisdictions on the same declared income (in the case of income taxes), asset (in the case of income taxes), or financial transaction (in the case of sales taxes). This double liability is often migrated by tax treaties between countries. Example: You decide to set up a corporation and have a profit of 1,000,000 in the first year. Suppose the government taxes corporate profits at 30%, then the corporation has to pay 300,000 in taxes. It is decided that 500,000 will be distributed as dividends and the dividend tax is 10%, so you will lose a further 50,000 to the government when you file your personal taxes. This is the concept of double taxation: first the company was taxed for its profits, and later shareholders were taxed for their dividends. (https://www. boundless. om/business/types-business-ownership/corporations/disadvantages-corporations/) In many countries, corporate profits are taxed at a corporate tax rate, and dividends paid to shareholders are taxed at a separate rate. Such a system is sometimes referred to as â€Å"double taxation†, because any profits distributed to shareholders will eventually be taxed twice. One solution to this (as in the case of Australian and UK tax systems)is for the recipien t of the dividend to be entitled to a tax credit, which addresses the fact that the profits represented by the dividend have already been taxed. The company profit being passed on is therefore effectively only taxed at the rate of tax paid by the eventual recipient of the dividend. In other systems, dividends are taxed at a lower rate than other income (for example, in the US) or shareholders are taxed directly on the corporation’s profits and dividends are not taxed. For example, S corporations in the US do not pay any federal income taxes. Instead, the corporation’s income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns. For C corporations, the corporation ends up paying taxes twice. First, when the C corporation turns a profit, it pays a corporate tax rate on the profit amount. The second time the C corporation pays taxes is when it pays dividends to shareholders. Many businesses that incorporate choose to incorporate as an S corporation instead in order to avoid paying taxes twice. The only difference between a C corporation and an S corporation is a tax designation filed with the IRS using Form 2553. According to the IRS, an S corporation can choose to pass the income, losses, deductions and credit for the corporation through to the shareholders of the corporation for federal tax purposes. This avoids the double taxation possibility a C corporation is subject to. Double taxation. A possibility of â€Å"double taxation may arise on the dividends it pays. The corporation is taxed on its income. Then, if the corporation distributes some of the net income to the stockholders as a dividend, the dividend will be taxed again on the stockholders’ personal income tax returns. In case of corporations there is double taxation. First of all the corporate income is taxed at a flat rate and then the dividends paid to the shareholders is taxed. It may result to double taxation. Since the corporation is already taxed on its income, distributing this income to shareholders in the form of dividends may result to double taxation. This is because the dividend income received by the shareholders (natural persons) is also taxed on their personal income tax returns. Director and shareholder liability Director and Shareholder Liability: While the general rule is limited liability, there are situations where directors and even shareholders of a corporation could be held personally liable for certain acts or failures of the corporation. There are many statutes that created personal liability on the part of directors and even shareholders. Also, the directors or shareholders might engage in activities, or fail to take certain steps, that could create personal liability. Without proper legal advise on the activities of a corporation, the benefits of using a corporation to conduct business could be lost. Record keeping Record Keeping: A corporation will be required to keep records of its shareholders, directors and officers, any changes of the shareholders, directors and officers, as well as records of its debts. Records of various other transactions or changes in the corporation must also be kept. Some of the records are open to public inspection; for example, anyone could have access to the list of shareholders although the new Business Corporations Act does have some restrictions. Corporations need to maintain more records than other business entities. Corporations must file annual reports and tax returns and maintain business bank accounts and records that are separate from personal accounts. Shareholder meeting records, board of director meeting records, licenses and other corporate records also are necessary. (http://smallbusiness. chron. com/advantages-disadvantages-corporate-form-business-4389. html) Cost of organization Cost of Organization: The cost of organization for a corporation can be greater than for a sole proprietorship or a partnership. As well, there will be legal fees involved. There are many filing fees associated with forming a corporation. Nonprofits must file even more paperwork because they must apply to the IRS for tax exemption status (minimum $750 to apply). In a few states, nonprofits may also have to file separately for state tax exemption status. Even small fees can add up if you are cash-strapped already. The fees and legal costs required to form a corporation may be substantial, especially if the business is just being started and the corporation is low on financial resources. * The fees and legal costs required to form a corporation may be substantial, especially if the business is just being started and the corporation is low on financial resources. The fees and legal costs required to form a corporation may be substantial, especially if the business is just being started and the corporation is low on financial resources. One of the primary disadvantages of a corporation is the costs for running a corporate form of business. It costs money to incorporate with the state where the business operates. You can c hoose to hire an attorney or accountant to help you complete the incorporation paperwork, but it is not a requirement. If you incorporate directly with the Secretary of State, as of 2010, the fee ranges from $99 to $150. Beyond the initial incorporation fees, the corporate form of business also has ongoing fees associated with it. An annual report fee can range up to $150 a year for each year the corporation exists after the initial incorporation filing. . Incorporation is costly. Incorporating a business needs to file with the Securities and Exchange Commission (SEC) and may involve a lot of formal and legal papers, such as by laws, articles of incorporation, affidavit and board resolutions. This is sometimes done by getting the service of a corporate attorney or firms which are specialized in incorporating a business. It may also require higher amount of initial or paid-up capital for other types of corporation like financing and lending corporations. Furthermore, the amount of subscribed capital is taxed with documentary stamp tax, which may result to additional expenses to be incurred by the incorporators. (http://businesstips. ph/advantages-and-disadvantages-of-forming-a-corporation/) Greater Regulation Greater Regulation A corporation can be subject to greater regulation that can add to the cost of doing business. Various regulations may have to be complied with, for example, to sell shares, or raise capital. (http://www. whatisacorporation. com/html/disadvantages_of_corporation. html) Complexity in organization and regulation. To incorporate a business, an application with the Securities and Exchange Commission must be filed and approved. A higher capital requirement is also sometimes required for other type of corporations. Once approved, the corporation must comply with the numbers of regulations and reportorial requirements which are specifically implemented for corporations. http://businessaccent. com/2009/02/07/what-are-the-advantages-and-disadvantages-of-forming-a-corporation/) Corporations are highly regulated. Ordinary corporations are regulated by the SEC. Special corporations may be required with secondary licenses and are further regulated by other government agencies, such as Bangko Sentral ng Pilipinas (BSP) for financing and lending companies, Commission on Higher Education (CHE D) for companies operating secondary schools and Insurance Commission (IC) for insurance companies. Moreover, corporations also need to comply with the quarterly or annual reportorial requirements with the SEC and other agencies requiring those reports for certain types of corporations. This also means that the more compliance it requires, the more paper works and cost it involves. And when there are more to comply, bigger penalties are awaiting to be paid if they are not complied. Corporations can be complicated to form Corporations must file Articles of Incorporation with the state they are incorporating in for which states charge different filing fees. They may also need to file Bylaws, which may require the help of an attorney to write. Most states also require corporations to file annual documents and/or franchise tax fees. Nonprofits typically also have to pay fees for registering their charity each year. Although many entrepreneurs do file all their own paperwork, if you are new to business you should at least consult with a business attorney before attempting to form a corporation on your own. (http://womeninbusiness. about. com/od/corporations/a/corp-disadvant. tm) Establishing a corporation is a complex process and requires registration with the central regulatory authority and listing on a stock exchange which required fulfillment of certain requirements related to the amount of capital, number of directors, etc. Ownership Another disadvantage of corporations is that, as Adam Smith pointed out in the Wealth of Nations, when ownership is separated from management (i. e the actual production process required to obtain the cap ital), the latter will inevitably begin to neglect the interests of the former, creating dysfunction within the company. Some maintain that recent events in corporate America may serve to reinforce Smith’s warnings about the dangers of legally protected, collectivist hierarchies. Centralized management. Its centralized management restricts a more active participation by stockholders who are not major owners in the conduct of corporate affairs. Normally the corporations have a large number of shareholders; they delegate the governance function to a body of persons called board of directors. The How to cite Disadvantages of Corporations, Papers

Sunday, December 8, 2019

Into The Wild Test Essay Example For Students

Into The Wild: Test Essay McCandless was brave plenty to make things most people would non even think about making. â€Å"He was looking for more escapade and freedom than today’s society gives people. † remarks one of Chris’s friends† ( Krakauer 174 ). What modern society offers did non appeal to Chris McCandless ; he wanted a different life that most people had themselves. He saw the influences society puts on our lives and decided he did non desire to populate that manner. â€Å"No longer would he reply to Chris McCandless ; he was now Alexander Supertramp. maestro of his ain destiny† ( 23 ). McCandless. now known as Alexander Supertramp. did non desire to be held back in any manner ; to see he would acquire full freedom he changed his name so he was able to get down fresh. McCandless took charge of his new life and was brave to be able to merely go forth everything he knew and was comfy with to get down new. Whatever makes you happy you should prosecute. McCandless did merely that even with all the negative people stating him it was a bad thought. Peoples find felicity in multiple ways ; through relationships. nature. faith. and many more ways. In a missive to Franz. Alex writes. â€Å"You are incorrect if you think rejoice emanates merely or chiefly from human relationships. God has placed it all around us† ( 57 ). McCandless knew that although it is nice to hold relationships you can happen felicity in nature and that is where he found true felicity. â€Å"He is smiling in the image. and there is no misidentifying the expression in his eyes: Chris McCandless was at peace. serene as a monastic gone to God† ( 199 ). Before McCandless’s decease he took a image and in the image he was at peace and happy even though he was entirely and traveling through the hurting of famishment. He was happy because he eventually found true felicity. McCandless found felicity in ways most did non. one time he found what made him happy he pursued in no affair what the effects were. â€Å"In the concluding post card he sent to Wayne Westerberg. McCandless had written. if this escapade proves fatal and you don’t of all time hear from me once more I want you to cognize you’re a great adult male. I now walk into the wild† ( 133 ). He wrot e this to admit the opportunity that he might non last. He does non desire to decease but he knows that he is shiping on a unsafe escapade. McCandless besides feels that the whole escapade is worth it. nevertheless. for the existent experience of life wholly independently and freely. and his exhilaration was expressed at the terminal of the concluding post card to Westerberg. Peoples called McCandless foolish for his errors but everyone makes errors. â€Å"Instead of experiencing distraught over this bend of events. moreover. McCandless was exhilarated: He saw the brassy inundation as an chance to cast unneeded baggage† ( 29 ). Although he made a error of kiping in an country where there are brassy inundations and lost his auto. he accepted it and used it as a manner to acquire farther into his escapade by merely populating off what he needed. â€Å"Chastity and moral pureness were qualities McCandless mulled over long and often† ( 65 ). Although Chris made fatal errors he knew what was right and incorrect and would believe about it a batch. McCandless overall had regard and good ethical motives but made fa tal errors which led to his decease. â€Å"Awkwardly. stiff with fright. I started working my manner back down. The frost bit by bit thickened. .ucdf10beeda05e8b849f9869af707aa73 , .ucdf10beeda05e8b849f9869af707aa73 .postImageUrl , .ucdf10beeda05e8b849f9869af707aa73 .centered-text-area { min-height: 80px; position: relative; } .ucdf10beeda05e8b849f9869af707aa73 , .ucdf10beeda05e8b849f9869af707aa73:hover , .ucdf10beeda05e8b849f9869af707aa73:visited , .ucdf10beeda05e8b849f9869af707aa73:active { border:0!important; } .ucdf10beeda05e8b849f9869af707aa73 .clearfix:after { content: ""; display: table; clear: both; } .ucdf10beeda05e8b849f9869af707aa73 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ucdf10beeda05e8b849f9869af707aa73:active , .ucdf10beeda05e8b849f9869af707aa73:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ucdf10beeda05e8b849f9869af707aa73 .centered-text-area { width: 100%; position: relative ; } .ucdf10beeda05e8b849f9869af707aa73 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ucdf10beeda05e8b849f9869af707aa73 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ucdf10beeda05e8b849f9869af707aa73 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ucdf10beeda05e8b849f9869af707aa73:hover .ctaButton { background-color: #34495E!important; } .ucdf10beeda05e8b849f9869af707aa73 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ucdf10beeda05e8b849f9869af707aa73 .ucdf10beeda05e8b849f9869af707aa73-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ucdf10beeda05e8b849f9869af707aa73:after { content: ""; display: block; clear: both; } READ: Beyonce Feminism EssayAfter falling about 80 pess. I got back on reasonably solid land. I stopped for a long clip to allow my nervousnesss settle. so leaned back from my tools and stared up at the face above. seeking for a intimation of solid ice. for some fluctuation in the implicit in stone strata. for anything that would let transition over the frosted slabs. ( 137 ) † That quote truly explains what a brave adult male he is and how he can get the better of obstructions that the others like Rosellini. McCunn. and Waterman couldn’t. Peoples who did non believe McCandless was brave idea he was a immature foolish adult male who caused many hurting with his go f orthing and decease. Chris did do errors but so did others and that does non intend he is foolish. He did non desire to do others pain but he needed to get down fresh and off from everyone he knew. â€Å"Alex is a nut in my book. † wrote a occupant of Healy. the crossroads at the caput of the Stampede Trail. â€Å"The writer describes a adult male who has given away a little luck. abandon a life household. abandoned his auto. ticker and map and burned the last of his money before shleping off into the ‘wilderness’ West of Healy† ( 71 ). Although McCandless did all of those things. he did it to hold a fresh start. He did non desire to be held back from anything and in the terminal it made him happy. A reader of the Outside magazine asked. â€Å"Why would any boy cause his parents and household such lasting and vexing hurting? † ( 71 ) McCandless did non desire to do his loved 1s pain but ended up doing them hurting since the lone manner he could happen true felicity was to go forth everyone he loved. Although some may non be able to see the grounds McCandless left all his chances and loved 1s behind to travel on an escapade that caused him his decease. he merely did it because that was what made him happy. Chris McCandless was a immature adult male that went against society and found felicity in things most people would be afraid to seek. He had the courage it took to travel against society to happen his felicity and although he made errors he did what he enjoyed even if people thought he was foolish. Peoples should non judge others for what they do that makes them happy and being weather plenty to make something different than what most do.