What are Revenues? GOVERNMENTAL AUTHORITY 1. Federal 2. State 3. Local Municipality or School District.

Slides:



Advertisements
Similar presentations
Chapter 19 Securities Markets Business Today. 2Prentice Hall Investment Choices Stocks – Preferred Stock – Common Stock Common-Stock Dividends Stock Splits.
Advertisements

What are Revenues? PURPOSE 1. Pay a tax or not 2. Pay a fee for service 3. Show a credit 4. Occupational Taxes 5. Insure that proper tax will be paid.
What are Revenues? PURPOSE 1. Pay a tax or not 2. Pay a fee for service 3. Show a credit 4. Occupational Taxes 5. Insure that proper tax will be paid.
Economics of Public Sector The Local Government in CZ Ing. David Slavata, Ph.D.
Beginnings of Revolution The Struggle for Independence.
Chapter 25 Section 1: Counties, Towns, and Townships
KINGWOOD UDGET PRESENTATION TOWNSHIP OF KINGWOOD 2012 BUDGET PRESENTATION.
Current Management Current State Property Taxes are set at ~1.05%, with municipalities adding additional rates. –This ratio is based on a lumping of land.
Taxes PowerPoint Notes: Part 3. Sales Tax  This is the tax added onto the price of goods and services.  Tennessee has a state sales tax.  The state.
Problem 4-1Template Transaction Government Fund Statements Government- Wide Statements 1. Government grant of $ Increase in market value of notes.
State and Local Public Finance Spring 2015, Professor Yinger Lecture 1 Introduction and Overview.
Serving the Citizens of the District of Columbia 1 District of Columbia Office of the Chief Financial Officer Office of Tax and Revenue Washington DC Economic.
Real Estate Principles Tenth Edition Real Estate: An Introduction to the Profession Tenth Edition.
© OnCourse Learning Chapter 15 : Taxes and Assessments.
Chapter 23 – Mortgage Backed Securities BA 543 Financial Markets and Institutions.
Principles of Taxation-Chapter One Chapter 1 Overview Tax: Different from fines or fees? Taxpayer: Person or entity? Incidence: Who bears the economic.
Economical Impacts of Ethanol. Tax  Partial Excise Tax Exemption- allows marketers to sell the ethanol-blended fuels at a reduced price.  To promote.
1 FY09 Diversion Rates. 2 University City 3 Implementation - Feasibility 5,579 (74%) of University City properties receive municipal trash service $118.
Basic Math Skills Lesson 10: Sales Tax p
TAX SYSTEM OF USA Made by: AKRAMOVA DILNOZA 3 rd course.
Topic 1. Part 2. Hamilton’s Economic Program. 1. Tariffs (passed 1789) 2. Debt Assumption (Confederation Debt, 1790; State Debt, 1791) 3. National Bank.
Chapter 14.  The Government’s Authority to Tax  Purpose of Taxation  The Power to Tax ▪ 1 st Power given to Congress  Limits on the Power to Tax ▪
TAX INCREMENT FINANCING REDEVELOPMENT PLAN & PROJECT The Pekin City Council has been considering implementing a commercial and industrial TIF district.
Forming a New Government The main goal of the colonists was to prevent oppression from a government like Britain The people wanted to be involved A republic.
Government Revenue Economics 120. There is a saying that only two things in life are certain: death and taxes.
Local Government 1.Cities, Counties, Towns, Townships 2.Supremacy Clause: Laws passed by local governments can’t contradict state or federal laws. 3.County.
Critical Period Articles of Confederation Critical Period w (8) The governing body was called the CONFEDERATION CONGRESS w (9) Acted as an “advisory”
1. What is the national debt? 2. What caused the national debt? 3. Where does the government get the money when it wants to spend more than it takes in?
The Post- Revolutionary Years and the Articles of Confederation
Write the new learning goal Take out your President Homework ( I will come by and check it) Put your completed and signed course selection paper in a stack.
The Stock Market. What are stocks? A stock is a percentage of ownership in the company.
South-Western Publishing©2002 By Charles J. Jacobus Real Estate Principles Ninth Edition Real Estate: An Introduction to the Profession Ninth Edition South-Western.
Copyright © 2015, 2011, and 2007 Pearson Education, Inc. 1 Chapter 13 Taxes and Insurance Section 1 Property Tax.
Social Studies OGT Review Economics. Types of Economies Command – all economic decisions made by the government Market – business privately owned Mixed.
Category Definition Spirit distilled from the fermented mash of grain and usually matured in wooden casks.
8 th Week 6: Day 2 The purity distilling corporation stored millions of gallon of molasses in a huge tank on the boston water front.
SLB Service in Taiwan Securities Market Taiwan Depository & Clearing Co. ACG New Service Initiative Task Force.
Cedar Grove – Belgium Area School District Annual Meeting October 26, 2015.
State and Local Public Finance Professor Yinger Spring 2016 LECTURE 1 INTRODUCTION AND OVERVIEW.
The Whiskey Rebellion The farmers of Western Pennsylvania Grain was very difficult to transport to market due to few and poor roads Many farmers.
Chapter 14 Review Bell Ringer Activity. List the legislature for each level: Federal: __________________________ State: ____________________________ County:
Launching a New Nation. Washington Heads New Gov’t.
FEDERALISM, FUNDING, AND EDUCATION State Government.
#2 - Why didn’t Jefferson like Hamilton? Course of a New Nation – A Conflict of Views.
ABOUT PUBLIC POWER PRESENTER’S NAME TITLE AMERICAN PUBLIC POWER ASSOCIATION Data from the Energy Information Administration, 2014 and Public.
The Real Cost When you save to make a big purchase, be sure to consider the sales tax you will have to pay. Have you ever paid sales tax?
State and Local Public Finance Professor Yinger Spring 2016
Fractions: Adding and Subtracting Like Denominators
The Fair Housing Act at 45: Actualizing the Duty to Affirmatively Further Fair Housing David Rusk Friday, April 12, 2013 University of Maryland Carey.
State and Local Government
SOCIAL STUDIES HIGH SCHOOL – CIVICS
Taxes.
Articles of Confederation
The Local Government Budget
Commercial Policy Commercial policy refers to any governmental measure that discriminates against foreign suppliers.
Articles of Confederation
Name: _________________ Class: ________
The Articles of Confederation
Fractions: Adding and Subtracting Like Denominators
Property Tax Rates Property Taxes.
Total municipal sector expenditure and income Estimate for 2005
The Articles of Confederation
Legislative Action to ”Create Path to Incorporation”
Fraction by Whole Number
British Policies to Control the Colonies
© OnCourse Learning.
Birth of a Nation: Articles of Confederation
Presentation transcript:

What are Revenues? GOVERNMENTAL AUTHORITY 1. Federal 2. State 3. Local Municipality or School District

Federal Authority 1792 Whiskey Rebellion Tax 113 gallons Distilled from foreign mater- ials (molasses), rum 11¢ per gallon

State Authority - Maryland Tax on wine, 20¢ per gallon Use of Pitney-Bowes meter

State Authority - Maryland Tax on wine, 20¢ per gallon Adhesive stamp Denominated by container size

Municipal Authority City of Baltimore Overprinted for ordinance 89 of 1951

Joint Authority School District and Township Paid tax of 1% of the selling price of the property Split equally between the school district and township

Federal, State, and School District Value of transaction, $15,400 Federal tax 55¢ per $500 = $17.05 State tax (1%)= $ School District (1%)= $154.00

Authorized, But Not Issued By Tax effective May 6 Stamps and tax crowns not available until May 15 Tax Paid inscription added to neck or body labels from May

Private Trade Association Denominated in cents “Tax” based on value of transaction NOT authorized by governmental body