The Tax Reform Act of 1986 Term Paper Example | Topics and Well Written Essays - 1250 words - 1

The Tax Reform Act of 1986 - Term Paper Example The tax reform act brought out two key ideas, which seemed as the motivation for the tax reform. The major idea in the tax reform act was fairness in the level of distribution of the tax burden or the overall level. The congress had considered pubic concerns of the high-income individuals who evaded tax payment and the large corporation that combine high book profits with little or no tax liability (Graetz 622). The act lowered income tax rates for both corporations and individuals. The changes in the tax reform act include changes in the time of settling of tax payments. The tax reform does not monitor some of the behavioural responses that change the tax system. This does question the tax reform of its revenue-neutral theme. The tax reform act did upset many established interests and practices, many lobbyists and constituents seeking to block the amending of the act gathered and organized grassroots’ campaigns to lobby against the tax reform act. The opposition of the act was also seen from the divided party control of the executive and the legislative branches. The tax reform act of the 1986 receives the praises of being the best example of a bipartisan tax reform in the American history. The act broadened the bases of both corporate and individual income taxes by getting rid of the various means of tax preferences. The top individual rate was reduced from 50 percent to 28 percent, and the top corporate tax rate decline was reduced from 48 percent to 34 percent. Prior to the passing of the tax reform act there existed a widespread disgust in the income tax system: there existed a prevalence of tax shelters this enabled the wealthy tax payers to escape much of their tax liability. The high tax rates also hampered the economic growth because it discouraged labour supply saving and investment. The tax code was complex this resulted in high compliance,

Rise of US to power during the 20th century Essay -- essays research p

The U.S. Rise   Ã‚  Ã‚  Ã‚  Ã‚  There were many factors that contributed to the United States’ rise and roles as a world power during the early 20th century. Presidential policies during this time period were the foundation of the U.S.’s role as a world power. The conflict in the Philippines was evidence of the U.S.’s ability to crush uprising and control a territory. The Spanish-American War demonstrates the U.S.’s role as a world power. Although the U.S. was only about a century old it’s influence drastically affected the whole world.   Ã‚  Ã‚  Ã‚  Ã‚  Presidents during the 20th century developed and relied on many different policies involving foreign relations. President Roosevelt’s policy was â€Å"Speak softly and carry a big stick: you will go far.† He applied this African proverb in Latin American relations and acted as a sort of â€Å"international police officer.† Taft’s â€Å"Dollar Diplomacy† advised American businesses to invest wherever their products are sold. President Wilson believed that the U.S. was the champion democracy, and whenever the U.S. could instill democracy or help out, it should. This policy was called â€Å"Moral Diplomacy.† Presidential policies kept the U.S. involved in foreign affairs.   Ã‚  Ã‚  Ã‚  Ã‚  After Commodore Dewey had captured the Philippines an uproar tested the power of the U.S. After debate, the U.S. decided to annex and hold off the independence that the Philippines had waited so long for. The U.S. used crue...

Bangladeshi Film Industry Essay

Dhallywood, which is a nickname commonly used for film industry in Bangladesh, has had quite an advantage since 1971 as far as facing competition is concerned, but is most probably about to lose it for good. When it was separated from Pakistan, they established a law to protect their film production by excluding and prohibiting Indian films. But this non-competitive situation led to a disastrous state of the industry. They did not innovate nor care about and use new technologies and had fallen into the state of disregard. As a result of lesser films produced every year (ten years ago it was about 100, nowadays it is only sixty and the prognosis are that it will drop even lower), many halls and cinemas have been closed and/or transformed into stores. On one hand film-makers strongly disagree with cancelling the prohibition of Indian films, but on the other hand there are the owners of cinemas who would welcome and appretiate the opportunity to broadcast other films as that would boast their income. General impression is that the current state of film-making industry here is not viable and needs to be revamped. Which could happen by means of cooperating with foreign experts and this way learning and improving one ´s skills, as a Bangladeshi director, Ms Hossain, suggests. All in all, it seems that Bangladeshi original films will not be able to satisfy the demand which is in these days quite extensive and aimed at good-quality products and thus be forced to accept the competition very soon.

Analysis Of Flaming Iguanas By Cormac Mccarthy

Transfiguration of America Through Road Novels Flaming Iguanas by Erika Lopez and The Road by Cormac McCarthy critiques America, while transgressing heteronormativity and modifying mobility and identity. Traveling west is an adventure and an opportunity to discover oneself, it is also an extension to exercise one s freedom. As a woman,Tomato Rodriguez travels across the country to see his dad in California. Being on the road transgresses the meaning of the road, whilst inventing one’s identity. It is a space to develop a bond that is of mutual respect, sustained by love. In Flaming Iguanas the road is presented as a means of escape and reassertion. Tomato escapes domestication, common societal beliefs that are placed on women. As a bisexual, chicano woman on the road she is transgressing heteronormativity. In previous road novels the road is a place for white hetero-men having an adventure. Tomato exercises her new found identity when she consummates with the Canadian John, ch allenging double standards that are placed on women. She writes â€Å"if you’re a woman traveling alone people will instantly want to kill you†, she is not scared to challenge these myths and exercise her freedom, as a woman on the road (111). As a pioneer in heteronormativity, she has set a path in which she does not conform to society s ideals, ultimately mending gender norms for others. The road novels are usually dominated by men and their adventures, causing havoc on everywhere they set foot. As a