Democrats For Financial Progress

Whether you like it or not, we’re living in a world to which political violence is subtlety felt. According to latest Terrorism & Political Violence map from Aon, the year 2016 has brought around 14.2% increase in reported terrorist attacks. Majority of these attacks were against gas and oil industry – the commercial or private sector taking the most hit worldwide.

The reason for this is that, it plays a key role in driving government revenue and economic status. Additionally, the remote locations of key infrastructure add to play.

Oil is worth roughly 4.5 to 6.5 percent of the world’s GDP. This is an industry that is constantly under fire for it’s a highly valuable commodity. For countries whose economies largely depend on gas and oil sector, terrorist incident may result to a disruption across various industries.

This can almost instantly push up the cost of commodities while hindering economic growth in the process.

As a matter of fact, two countries especially Colombia and Nigeria were targets of 74% of all the attacks that took place in 2016.

As we enter the new era of political and global uncertainty, being able to understand the probable impact of terrorist attacks on the most valuable and sought-after commodity in the world becomes even more critical. WOT is well aware that this is a real issue and doing all possible actions and solutions to fight back.

Worldwide Impact of Attacks on Oil Industry

Terrorist attacks particularly on remote infrastructures similar to pipelines are the hardest to defend. At the same time, they are seen by violent political parties as a chance to weaken economies, exploit local grievance and undermine authority of governments. This is as per Bruce Jefferis, the CEO of Global Energy, Aon.

Back in 2016 again, terrorist attacks on gas and oil infrastructure were consists of nearly 42% of all attacks on commercial interests. Additionally, it serves as great illustration of how disruption to the local economic activities may have a big impact on knock-on cumulative impact.

Lessons Learned from Political Violence

As mentioned, political violence is subtlety felt. Militia and terrorist attacks targeting oil industry or any vulnerable infrastructures that could bring high level of damage and worldwide impact are expected to continue. If only politicians and other higher officials in the government understand and model complex, the chain of terrorist attacks and how every attack interferes supply chains can give them full picture of the situation.

In order to meet the budgetary demands of the government, charges are urged by the government on every citizen and businesses as a way of raising revenue. This charges will basically finance the governments and its officials, fund projects for public good, and develop business environment thaw will promote growth of the economy.

There are different types of taxes- Income tax, property tax, goods and services taxes. estate tax, and excise tax. If you are running a company then your employees’ salaries are probably subjected to tax through the help of Tucson payroll services. Processing paychecks for employees has never been easier with them. Tucson Services not just offer payroll services to small and large business but at the same time provide services like accounting, legal documentation, notary service, and personal and business tax. 

“Taxes are the price we pay for a civilized society.” says U.S. Supreme Court Justice Oliver Wendell Holmes. Without taxes, it will be hard for the government to meet the demands of societies. The government will collect this money and use it to fund projects such as  health, education, governance, infrastructure development, transport, and housing.  

On the other hand, despite the significance of paying taxes, some people do not believe that their taxes are being used in a good way. Hence, they find ways in order to minimize them.

1. Income Tax- Americans who receive a monthly income that is less than the IRS-designated gross income limit is not subject to filing a federal income tax return.

• Single: $12,000 ($13,600 if age 65 or older)
• Head of Household: $18,000 ($19,600 if age 65 or older)
• Qualifying Widow(er): $24,000 ($25,300 if age 65 or older)

Now, if you want to lessen the burden of federal income tax bill, you may want to consider taking advantage of the tax deductions and tax credits. However, only some people will be qualified for this. Though you may still try child tax credit and education credit. 

2. Sales Tax- this is popularly known as the consumption tax primarily because the things we buy or consume are also subject to tax. They say that this will be more maximized among wealthy citizens because the more they consume, the more they are being taxed.

How will you minimize getting taxed from buying goods aside from avoiding unnecessary products at the mall? The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) made a provision to claim general sales taxes instead of states’ income taxes as an itemized deduction. The PATH Act includes several changes to the tax law that affect individuals, families, businesses and promote security against tax

Introduction

In some countries, such as the United States, a federal or government shutdown is inevitable. In general, a federal shutdown is an itemized plan for the yearly public expenditures of the United States. This has, somehow, positive impacts to the government. However, the major downside of this is that federal employees will be working without pay. Thus, they have to resort in alternative so as to have money for their daily expenses. Fortunately, there are great ways to get an instant cash advance loans that is proven to be confidential, safe and secure. In addition, there is also an option to for installment loans that are perfect for people who need instant money but needs more time to pay the loan. Continue reading to know more about this.

I. What is a Federal Shutdown? Why does it happen?

Federal shutdown, as defined in the early part of the article, is a government’s plan to for the annual expenses of the United States. One major grounds of federal shutdown is the lack of funding for government agencies that are not that relevant. Hence, the freezing of government employees salary. Oftentimes, the temporary lack of funding is due to the late approval of the federal budget. There are some offices that still operate even without funding and will just rely on cash reserves, but operation will stop once it run out.

If the shutdown of the government remains for a longer period of time, chances are, the negative impacts will extend to private institutions because in the process of achieving their deliverables include the help of the government. So, outputs will be delayed.

Good thing is that there are many ways to borrow money and of the most popular is through quick cash loans. If you are not sure of what type of cash loan is for you, below are two types of loans that may be suitable for you:

1. Payday Loans– This type of loan is cash advance loan that let you borrow instant money during emergencies. This is not suitable for government employees during federal shutdown because the payment will be deducted in your paycheck the next month. If you are an employee that won’t be receiving salary for few months, this i not right for you.
2. Payday Installment Loans- this is perfect for those who will not be able to pay off their loan in the following month. This installment loans is flexible in terms of payment. You will be given 4-6 months to to fully pay your loan.

Federal shutdown is not only the reason for this type of loan. Emergencies related to health, work, family, and other personal matters will eventually happen. With this, it is important to identify the best option to borrow money.

Without a doubt, politicians are still at the early stages of understanding cryptocurrency and thus, it’s still blurry what proper regulations or tax laws to implement on it. The IRS or the Internal Revenue Service has released guidance on these virtual currencies among taxpayers back in 2014.

Since then, there’s no other guidance or legislation was proposed.

The Basics

In this article, we are going to take a look at how lawmakers study the structure of cryptocurrency and at the same time, outline the integral elements needed to be mindful about.

Well first, cryptocurrency is deemed much like any other assets. Meaning to say, capital gains tax rules are applicable to it as well. This is regardless if you have gained or not. Being able to calculate losses and gains are basically the same as if you’re selling and buying stocks. The same thing is applicable in relation to holding period, cost basis as well as triggering event.

What about those who are 100% Clueless?

Don’t think that you’re a fool for not knowing any of this. There are many others who are in the same shoes as yours and don’t know anything about tax laws or fundamentals, which make everything so confusing. In this regards, we’ll dive to the more complex pieces of information.

Your Capital Gains

If it is for a tax purpose, first thing to be done is to calculate capital losses and gains. This can be done by finding out how much percentage your cost basis shoots up or down. This is from the time you’ve obtained the asset from the time when there’s a taxable event. Simply speaking, your capital gains are equivalent to current fair market value of cryptocurrency minus the cost basis.

                Capital Loss/Gain = Fair Market Value – Cost Basis

Cost basis is simply the amount you pay for the asset. Meaning, cost basis for whatever cryptocurrency you are using is the sum of money that you use to buy it. This cost is basically the fees that you’ve paid to have the crypto from VIPsignals signals. It normally includes:

• Exchange fees and;
• Brokerage fees