Benton Mcmillin Of Tennessee: Case Study

The city of New London Connecticut had made economic recovery efforts to sustain a severely downtrodden local economy. Those efforts included a plan to acquire 115 parcels of real estate in order to redevelop an area of commercial, residential and recreational elements. The plan consisted of removing homes to build a new development in order to create jobs, increase tax revenue, and better allow for the city to

With a growing real estate market, investors can expect a good return on their investment. In addition, the industries within the town bring in new residents and potential business income.

On one hand, the state government deals with smaller, more private situations, such as establishing schools, holding elections, and setting up local governments. On the other hand, the federal government deals with bigger issues, such as declaring war, making immigration laws, and regulating trade. Even though both governments have

The current tax code for the United States is almost 74,000 pages long. Or to put that into a different light: About 116 copies of Herman Melville’s Moby Dick. It is small wonder that a few of the announced candidates for President of the United States, have again begun to kick the tires on the topic of a Flat Tax. But is a flat tax actually a solution to our country’s growing tax complexity? What are the potential economic effects of a flat tax (both positive and negative)? Finally, is a flat tax even a viable solution? In short, will it work? As a concept, a flat tax is spectacular. Simplicity at its finest. As a fiscal policy, I believe that same simplicity must be examined and inspected closely.

Currently, the United States has a federal income tax that is very difficult to understand, to comply with,

Economic growth is the focus of every city. Through economies of scale cities such as Chicago and New York continue to experience great economic expansion. Continued growth, however, opens up the gateway for urban sprawl and the lack of a centralized economy. As cities expand their land use people disregard once thriving centers of industry and business and locate next to newly developed "Greenfield" type businesses. Often times the only thing left in the wake are rundown, abandoned business districts. In an effort to revitalize these deserted areas, councils in charge of economic development will use many different policies. An occasionally controversial policy is called a TIF or Tax Increment

Flat tax is a system that would impose a single tax rate on all income subject to tax. Income would be taxed once and only once. Individuals and businesses would pay the same rate. The plan eliminates all deductions and credits. The only income not subject to tax would be a generous personal exemption that every American would receive. And no loopholes. Just a simple tax system that treats every American the same.

In a Progressive Tax system, a larger percentage of income is taken from those who are wealthy or have a large annual income, in taxes. Those who have low incomes do not have as high tax percentage to pay because progressive tax is based on

It would reduce and minimize the affects of traffic congestion. Plus other negative features that arise from having single use development areas. In the downtown area of Flemington it would encourage people to live on the second and third floor of historic building and homes in the area. Having more people in that area would encourage people to walk and create a pedestrian area. The space would be better used and the business would also transform. It would become a 24 location instead of a 10-12 hour location. It would encourage people to dine downtown and create more employment for people in the area (In

Gentrification has a positive effect on a community in the sense that it ameliorates the local economy. In lower income neighborhoods, the expansion of businesses and creation of jobs is limited by the deficiency of monetary flow. However, as wealthier residents relocate to the area and invest money in the community, businesses develop. Overtime, this trend continues and results in economic development as well as more jobs, which benefits the community. Secondly, the process of gentrification typically results in a lower crime rate. This is because gentrification involves the attainment of vacant properties in order to build new developments. Therefore there will be a decrease in vacant properties which typically attract crime. Additionally, an increase in population results in an increase in local government revenue from taxes which can be spent on law

The federal government and state governments have had a long history of powers struggles. The struggle goes back and forth between who has the right to make decisions and if there is a problem who should fix it. Sometimes it is better for the federal government to fix issues and during other situations it is better for the state or local governments to fix other issues. In the PBS special of the United States Constitution, Peter Sagal travels around the states documenting the various roles and impact the government has on the country as a whole and on the individual states.

When problems arise in our nation, we are left with a complicated crisis as to whose job it is to do what and who exactly should be taking care of any bad situation that seems to pop up with daily life anywhere in the world, but in this case, America. Certain governmental systems, such as Federalism, can be considered a solution to these crises. Federalism can be defined as the relationship between the individual state governments of America and the national or federal government of the United States; and works to balance the power of a large central government, and the power of the smaller regional governments.

Taxation on the Internet may also make on-line commerce more complicated and cumbersome. This is a logos argument that is based on facts, statistics, and evidence. Taxation of the Internet would in turn drive up costs of doing business via the web. In today’s economy, any form of disturbance upon the Internet could push the United States into a recession. The conservatives fear that this is happening to the economy today. The stock market has headed into bear territory because of the recent decline in technology and Internet e-commerce companies profits. Believe it or not, the Internet has a drastic effect on our nation well being. As of 2001 the United States has a budget surplus and tax cuts on the verge of becoming a reality for Americans. Why would we want to limit the Internet with taxation of the Internet when there is plenty of money to give tax cuts?

Taxes are unavoidable because government is needed and government operates on tax revenues. The FairTax is a tax-inclusive progressive national retail sales tax that replaces every other federal tax in America. The new national sales tax would be 23%. Although there have been some questions as to whether the sales tax rate is 23% or 30% and they stem from the meaning of tax-inclusive and tax exclusive. The sales tax in Florida is an example of an exclusive tax because it works of a preset base. If a person buys something for 1$ and pays a .30$ tax on it the sales tax is 30 percent because it is .30$ on the dollar. With the inclusive tax the item would cost 1.30 because the tax is included with the cost. The tax rate of 23% is calculated by

Federalism is a system of government in which powers are divided between a central (national) government and regional (state) governments. (pg. 4)The relationship between the state and federal governments is very complex. There are certain things that state governments can do that the federal government cannot do, and there are things that the federal government can do that the state governments cannot do. In the midst of it all, the complex situations between the state governments and the federal government can cause many conflicts throughout the country and it can make it difficult for some citizens to keep up with the constantly changing politics.