Fiscal Policy Essay

1742 Words Nov 30th, 2015 7 Pages
Fiscal Policy Paper
Learning Team B
ECO/372
November 30, 2015
DON OLSEN

Fiscal Policy of the U.S.A People of a country are influenced by the economic conditions of the country in several ways. There were different phases faced by the U.S economy in different period of times from shortage of funds and budget and excess of funds and budget to huge debts. These economic situations influence the lives of the people in many ways. In this paper the United States economy’s surplus, debts and deficits as well as the ways it influences the lives of normal taxpayers of the US, social security situation in the coming years and Medicare beneficiaries, people with no employment, Students of University of Phoenix, the status and repute of the
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Therefore, fiscal policy and its implications are crucial for any small business to understand.” Now that we know what the fiscal policy is let’s take a look at how it affects us here at monster. According to countrystudies.us “ In 1998, payroll taxes accounted for one-third of all federal revenues; employers and workers each had to pay an amount equal to 7.65 percent of their wages up to $68,400 a year. The federal government raises another 10 percent of its revenue from a tax on corporate profits. Here the government’s taxation directly affects our bottom line as they are taking a straight 10 % of our gains in addition to taxing our employees and us again at a rate of 7.65%. We grossed $738.1 million in the third quarter of 2014 at 10 % we paid the government 738,100 and that is just of profit not including the taxation on our labor or employees. Another thing we have to look at are the fiscal policies of individual states as that can also have a huge impact on our profitability. Take a look at this chart provided by cga.ct.gov Arkansas | ● $2 per gallon of soft drink or simple syrup● $0.21 per gallon of bottled or canned soft drink product or● $0.21 for each gallon produced by powders or base products | Distributors, manufacturers, and wholesale dealers on the first sale in Arkansas | Tennessee | 1.9% of gross receipts derived from manufacturing,

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