Income Tax and Deductions Essay Example for Free

Income Tax and Deductions Essay Tax avoidance is legal in most states and every tax payer will present his returns in a way which reduces tax burden the most. Thus a taxpayer will opt for either standard deduction or itemized deduction whichever will enable him shoulder less tax burden. For standard deduction the deduction from taxable amount is a standard amount. For example for a single citizen the standard amount is $5,350. For married couples filling jointly the standard deduction will be double for the single ($10,700) but for a married couples filing separately each will be allowed a standard amount like for a single person it is ,350. A qualifying widow(er) with dependant child will be treated the same way a married couple filing jointly. For the head of household whether a woman or a man the deduction will be $7,850. Itemized deduction is enjoyed by adjusting your spending behavior to spend more on the items which enjoy tax privileges. Similarly one can claim dependant from a qualifying child or relative which has tax benefits such as the Child Tax Credit, the Child and Dependant Care Credit as well as the Earned Income Credit. These all work to the advantage of the tax payer. The standard deduction for a dependant is the higher of $850 and the dependants earned income plus $300 provided it does not exceed the standard deduction of the filing taxpayer. However in some instances the treatment gives some taxpayers unfair advantage over others. For instance a parent can claim a qualifying child but don’t claim the child as his/hers. Thus another parent can claim dependant deduction from the same child provided the AGI of the person higher than the highest AGI (Adjusted Gross Income) of the two parents. This can be misused by the taxpayers who have higher AGI than other parent thus enjoying unfair tax advantage.

The Ice Storm Essay -- essays research papers

It is 1973. New Canaan, Connecticut is a prototypical 'bedroom'; community. Modern homes, clean, quiet streets and plenty of greenspace lend an air of contentment to the setting. However, behind the doors of these homes discontent and ennui are thriving.   Ã‚  Ã‚  Ã‚  Ã‚  '…affluent Americans increasingly clustered in suburban areas, where jobs for women were limited and domestic help was in short supply. Husbands were away from home longer because they had to commute to work, leaving the wives to bear the complete responsibility for the family…The American dream of affluence in a natural, bucolic setting away from urban squalor often made it impossible for women to be anything other than housewives and mothers.'; i. The Ice Storm focuses on two families, the Hoods and the Carvers. Ben Hood, (Kevin Kline), is the aptly-named, self-absorbed patriarch of his family moving through life believing all that matters is what he sees in front of him; his wife, Elena (Joan Allen) is his quietly despairing mate and mother of Paul (Tobey Maguire) and Wendy (Christina Ricci). Jim Carver (Jamey Sheridan) is an enterprising man, who is seldom home long enough to attend to the needs of his wife Jane (Sigourney Weaver) and their two sons Mike (Elijah Wood) and Sandy (Adam Hann-Byrd). These families are linked by relationships, superficially neighborly, but in fact more visceral than they are prepared to admit to even themselves. It takes an outside force, the ice storm, to force them to come to grips with the realities of their lives, both individually and as families. 'The majority of the past and present studies of martial discontent decisively show that non-working married women are much more prone to anxiety, depression, and mental breakdowns than married men, married working women, or single women.'; ii. Elena Hood and Jane Carver are stereotypical suburban wives. Jane is portrayed as a sexual person, her first three appearances show her cleaning spilt wine from Ben Hood's crotch, the next two in bed. She dresses provocatively, in fur, boots, and bangles, her long hair flowing about her shoulders. Elena is shown as a domestic, spending most of the film in the kitchen. Though she is a beautiful, vivacious woman, she locks her emotions away beneath her suburban spousal exterior. She is the prototypical housewife. Both women have husba... ...eir lives learning them. During the Depression and World War II, 'women's work'; became much more than tasks performed at home. The 'go where you want to go, do what you want to do'; mantra of the '60s showed women who felt there was more to life than domesticity that their urge to be 'of the world'; was a viable goal. They wanted, rightly, to be included in the power structure. The obstacle to this end was the existing male-dominated power elite. Men, who through upbringing and experience believed that their position of control was pre-ordained, were too busy convincing themselves and each other of their rectitude to listen to what women wanted. Wendy Carver is a product of all this, a girl blossoming into womanhood, and a person with strong opinions to express. She, in many ways, defines the burgeoning power women felt in their grasp in 1973. They yearned to be part of the great decision-making processes affecting their world. Their perspective, they knew, was vital to making t he necessary changes to the 'boys' club'; mentality that had bred the wars, embargos and political chicanery that plagued America in the early 70s. The world was changing, and it was time to talk about it.

Phi-105 Week Five Checkpoint – Moral Character View Points

CheckPoint: Moral Character View Points PHI/105: Intro. To Philosophy Due Date: 10/05/2011 Instructor: Geth Allison Moral Character View Points Referencing week four discussion concerning moral character, one viewpoint my discussion group overall agreed upon including me is that habits develop from repeatedly doing something and can reflect on a person of good or bad moral character. For example, if a child was taught to say yes sir while growing up by the time he or she becomes an adult they have developed a habit of responding as yes sir without thinking twice because of saying it repetitively as they grew up, which can appear to be a reflection of a person with good moral character, although that is not always the case in my opinion. In contrast, a person of bad moral character also could have been taught as a child to respond as yes sir as they grew into an adult developing a habit, but overall his or her moral character is bad. In addition everyone agreed that habits, whether morally good or bad is formed from repetitiveness, which does not always result in the person being of bad or good moral character. On the other hand, quite a few classmates disagree on the viewpoint concerning habit and moral character being linked; as some of them argue that the two have no connection what so ever. In contrast, my perspective is that habit and moral character is connected to a certain extent based on the circumstances. For example, habits whether good or bad, are apart of every individuals moral character; I have a bad habit of purchasing shoes, although I do not need them, but I have a urge to purchase a pair or two if I go into shoe store. This is something I have been doing for as long as I can remember, but I must say it has gotten better because I intentionally stay out of the shoe store. Nevertheless, it is apart of who I am, that is, an individual with a shoe fetish, which I actually do not believe to be a bad habit, as most would say the opposite. But, â€Å"Does that make my moral character bad? † Not hardly; therefore I would say my viewpoint and those in opposition to it follows the modern form of ethical thinking because from a modern perspective the act of purchasing one, two, or how ever many pair of shoes repeatedly is not wrong it is something that I have a passion for, and does not result to anyone getting hurt.

Children Should Not Fear Their Parents - 1908 Words

â€Å"A cute little kid is playing in the playground, not even worried about a thing. The child is smiling from ear to ear and running around having so much fun like a little kid should be. But when the child goes home, the child gets yelled at, hit on and brutally beaten up by his own parents for no reason. She ends up with bruises, and cuts all on her body. She is crying because of all the pain and she has so much fear towards her parents. Is that something a child deserves? Absolutely not!† This here is a very true story and very common when it comes to children that are getting abused at home. They do not even see it coming. Sad part is most of these children do not get the help they need when they are behind doors. â€Å"Children should not fear their parents, but instead, should develop a respect for their parents and their rules for the household.† (Abuse and Discipline) This is a very great way that most children should be towards their parents because when you teach a child from right and wrong then they will know that a consequence will follow up if they are being rebel against or breaking their rules. So they will know that they are going to get a punishment if they break a rule. When a parent and a child respect each other they have a great relationship! They have that bond that most parents and children should have. Instead of having being neglected and or having an abusive relationship with a child. 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