The United States President “Barrack Obama” has announced
his proposed budget for the fext fiscal year, which consists of a net revenuw
from from taxes of about 1.5 bn. This budget was focussed on increased job
opportunities and education. The proposed budget of 3.8 trillion depends very
highly on the collection of taxes from the inhabitants of United States. The
most important source of United States upcoming budget is the tax revenue
collected from the people.
The tax measures have been developed and it has been a
helping hand to the students. The students should be very pleased as they are
the upcoming leaders. This is a right move by the President as the students
should be provided b etter opportunities
so that they can build a better future which in turn will benefit the country. Again
the government has also focussed of n the working class and had made measures
for the pension plans so that the people
can be certain about their future. The old age, when they cannot work is the
time they need money the most. This will
make sure that the olderly people do not face any problem when they are in
need.
The budget not only provides help for the students and the
working class but it is also an asset for the small business, There are various
benefits that can be derieved by the small business. The people running small
businesses will be very happy to know that the capital gain tax has been
completely eliminated an d hence there is a very high probability to rise the
small business to a bigger level. Again the carried interest for hedge fund
managers and other investment service providers. So the investing firms can be
very pleased and will find their money going to correct place which will earn a
good amount of dividend. This will
improve the economic condition of the country. Such improvement can lead to a
better market and control of inflation as well.
Each and every thing in this world has pros and cons and the
busget is also not out of this. Now the cons that might effect the people are
lower rates on dividends, reducing the incentives to the working class in
shifts. Again the excessive profit
business is now under high monitoring and hence the rate of tax is going to be
high so that the money can go to the prosperity of the country and the people
of the United States.The United States President “Barrack Obama” has announced
his proposed budget for the fext fiscal year, which consists of a net revenuw
from from taxes of about 1.5 bn. This budget was focussed on increased job
opportunities and education. The proposed budget of 3.8 trillion depends very
highly on the collection of taxes from the inhabitants of United States. The
most important source of United States upcoming budget is the tax revenue
collected from the people.
The tax measures have been developed and it has been a
helping hand to the students. The students should be very pleased as they are
the upcoming leaders. This is a right move by the President as the students
should be provided b etter opportunities
so that they can build a better future which in turn will benefit the country. Again
the government has also focussed of n the working class and had made measures
for the pension plans so that the people
can be certain about their future. The old age, when they cannot work is the
time they need money the most. This will
make sure that the olderly people do not face any problem when they are in
need.
The budget not only provides help for the students and the
working class but it is also an asset for the small business, There are various
benefits that can be derieved by the small business. The people running small
businesses will be very happy to know that the capital gain tax has been
completely eliminated an d hence there is a very high probability to rise the
small business to a bigger level. Again the carried interest for hedge fund
managers and other investment service providers. So the investing firms can be
very pleased and will find their money going to correct place which will earn a
good amount of dividend. This will
improve the economic condition of the country. Such improvement can lead to a
better market and control of inflation as well.
Each and every thing in this world has pros and cons and the
busget is also not out of this. Now the cons that might effect the people are
lower rates on dividends, reducing the incentives to the working class in
shifts. Again the excessive profit
business is now under high monitoring and hence the rate of tax is going to be
high so that the money can go to the prosperity of the country and the people
of the United States.
