Friday, August 21, 2020
Impulsive Decisions
Impulsive Decisions Happy Holidays everyone! I cant believe another semesters done and over with pushing me officially past the halfway point at MIT. (AHHH). Im now sitting at home, trying to relax but not quite, because there is a LOT of work to be done. But how could this be! Its Christmas! Well, lets back up a little bit⦠For one reason or other that I cannot fully explicate, this semester has been a blur, passing by faster than I could process. While one always needs a certain level of conscious judgment to go to classes, carry on coursework, etc., I feel like this semester, Ive been putting school on cruise control. This functionality might come from having been at MIT for a while already from becoming an upperclassman and developing a programmed rhythm for handling a semester, all the way from pre-registering classes to finals⦠A parallel (or antithesis?) to this apparent cruise control on the school side is a burgeoning urge to just LET. LOOSE. and jump on everything not class related. Im not sure if this makes sense, but basically this has been an impulsive semester. Early in the school year, I kept getting emails about spending IAP all-expenses paid in Korea, teaching kids science/English. I never gave it a second thought, because its just not something I imagined doing during IAP. But one night in September, I was checking my emails, writing down my French Word of the Day and then Korean Word of the Day, and then a lightbulb literally went off in my head. I could be learning Korean from these emailsor I could be learning Korean in Korea !? I mean, why CANT I be on the other side of the world during IAP? Why MUST I do something completely career-related (the career part of which Im not totally sure about yet anyway)? So I just grabbed a notebook, jumped on my bed, wrote down ideas, and sent in an application. So here I am on Christmas Day, putting together several weeks of teaching materials for this Jeju Global Initiative, which is a very new project aiming to connect MIT students with talented young students in Korea who already have some experience in English. The bigger goal here then is to inspire an interest in science, technology, debate, and thinking-out-of-the-box in general. Twenty-two students, myself included, will be heading to Jeju Island, Korea and teaching courses on site at Jeju National University. Over the month of January, I will be teaching a three-week class on the impact of design and a one-week class on the power of modern media. Were also doing night-time lectures on random, fun topics. Some of my topics are: typography, American slang, hip-hop, and rapid prototyping. And Jeju Island itself isnt too shabby :P But well be going in Januaryso maybe itll be more like this. Anyways, side story This semester, I also got my ears pierced for the first time. You know, if youre a girl and you didnt get your ears pierced by your parents when you were a baby, or before 7 years old, or during that preteen phase when everyone did it its going to take some convincing. Or maybe I just think too much. Anyway, Ive been considering getting my ears pierced for several years now, but just couldnt go through with it. The first phase of doubt was simply pain. (But I didnt want to admit to being a baby and got over that.) Then it was the practical concern of too much maintenance and inconvenience. (Again, this seemed lame.) And most recently, I preoccupied myself with a more high-brow excuse: I dont want any part of my body altered from the way it originally was. (Yeahâ¦.ok.) Despite this towering pyramid of the stages of psychological defense, I went to a piercing parlor with my good friend Juhee on a random Wednesday and got it done. (Shoutout to the Juhee who got the industrial piercing that day and made sure I did not back out). At the turn of November, I havent really gotten over all those previous concerns but getting my ears pierced suddenly felt like somethingIjusthavetodonow. Inexplicable, but I did it! And its done! And theres no going back! And Im very happy about it :) I was chatting with a friend in studio in the middle of the night about one thing weve both learned this semester so much can change in just one week. It took just a minute or two for me to decide I want to do the Jeju program, and another to decide on pierced ears. Live anticipating nothing but surprise, often from yourself. :) On that note, I am leaving on Wednesday and will update from Korea! Have good winter breaks everybody ~
Monday, May 25, 2020
Romeo - A Character Profile From Romeo and Juliet
One of the original star-crossd lovers, Romeo is the male half of the ill-fated pair who drive the action in the Shakespearean tragedy, Romeo and Juliet. Much has been written about the origins of the character, as well Romeos influence on other young male lovers throughout Western literature, but rather than a role model to be emulated, Shakespeares Romeo is an enduring example of young love gone horribly wrong.à What Happens to Romeo The heir of the House of Montague, Romeo meets and becomes enamored with Juliet, the young daughter of the House of Capulet. Most interpretations of the story estimate Romeo to be about 16 years old, and Juliet to be just shy of her 14th birthday.à For reasons unexplained, the Montagues and Capulets are bitter enemies, so the young lovers know their affair will anger their families, however, the titular couple isnt interested in family feuds, and instead, they choose to pursue their passion.à While Romeo and Juliet secretly marry with the help of his friend and confidant, Friar Laurence, the two are doomed from the start. After Julietsà cousin Tybalt kills Romeos friend Mercutio, Romeo retaliates by killing Tybalt. For this, he is sent into exile, returning only when he hears of Juliets death. Unbeknownst to Romeo, Julietââ¬âwho is being forced to marry Paris (a wealthy suitor favored by her father) against her willââ¬âhas come up with a scheme to fake her own death and be reunited with her true love. Friar Laurence sends a message to Romeo informing him of her plan, but the note never reaches Romeo. Romeo, truly believing Juliet is dead, is so heartbroken, he kills himself in a fit of grief, at which point, Juliet awakens from the sleeping draught shes taken to find Romeo is no more. Unable to bear the loss of her love, she too, kills herselfââ¬âonly this time, for real.à Origins of the Romeo Character Romeo and Juliet make their first appearance in Giulietta e Romeo, a 1530 story by Luigi da Porto, which was itself adapted from Masuccio Salernitanos 1476 work Il Novellino. All of these works can, in some way or other, trace their origins to Pyramus and Thisbe, another pair of ill-fated lovers found in Ovids Metamorphoses. Pyramus and Thisbe live next door to each other in ancient Babylon. Forbidden by their parents to have anything to do with one anotherââ¬âthanks again to an ongoing family feudââ¬âthe couple nevertheless manages to communicate through cracks in the wall between the family estates. The similarities to Romeo and Juliet dont end there. When the Pyramus and Thisbe finally arrange a meeting, Thisbe arrives at the predetermined spotââ¬âa mulberry treeââ¬âonly to find it being guarded by a menacing lioness. Thisbe runs away, accidentally leaving her veil behind. Upon arriving, Pyramus finds the veil, and believing the lioness has killed Thisbe, he falls on his swordââ¬âliterally. Thisbe returns to find her lover dead, and then she too dies of a self-inflicted wound from Pyramus sword.à While Pyramus and Thisbe may not have been Shakespeares direct source for Romeo and Juliet, it was certainly an influence on the works from which Shakespeare drew, and he used the trope more than once. In fact, Romeo and Juliet was written in a concurrent timeframe to A Midsummer Nights Dream, in which Pyramus and Thisbe is staged as a play within a playââ¬âonly this time for comedic effect. Was Romeos Death Fate? After the young lovers die, the Capulets and Montagues finally agree to end their feud. Shakespeare leaves it mostly to his audience to decide whether or not Romeo and Juliets deaths were predestined as part of the legacy of their families longstanding enmity, or if perhaps the conflict might have been ended by more peaceful means had the families been willing to embrace love rather than hate.
Thursday, May 14, 2020
Greek Mythology An Oral Tradition - 1449 Words
Greek mythology was an oral tradition that began in the Bronze Age. Greek mythology was used as a means to explain the environment, the natural phenomena they witnessed, and the passing of time through days, months, and seasons (Cartwright). Around 700 BC, a poet named Hesoid, offered the first origin story of Greek mythology. The Theogony details an elaborate family tree of gods and goddesses who evolved from a primeval void and descended from Earth, the sky, the sea, and the underworld (History.com). Later Greek writers and artists used and elaborated these sources in their work and compiled ancient myths and legends for contemporary audiences (History.com). For the Greeks, these ancient gods and goddesses had control over every aspect of their lives. The ancient Greeks believed there were a great number of gods and goddesses. They could be kind or mean, angry or pleasant, cruel or loving (ââ¬Å"Gods and Goddessesâ⬠). Olympian gods and goddesses looked like men and women and were vulnerable to human error (ââ¬Å"Gods and Goddessesâ⬠). Temples and sanctuaries were built in honor of most gods and goddesses and festivals were held with parades, sports, sacrifices, and competitions. Each Greek god and goddess had a specific duty in the Earth (ââ¬Å"Gods and Goddessesâ⬠). For the ancient Greeks, these gods and goddesses shaped their everyday lives. Greek myths, as any religious or non-written sources, were either believed or discounted by some people (Cartwright). Myths were certainly used forShow MoreRelatedGreek Lore Research Paper Outline1082 Words à |à 5 Pages Greek Lore Research Paper Outline Folklore is a collection of stories passed down from generation to generation that include Legends, Myths, and Fairy Tales. Legends are traditional stories sometimes popularly regarded as historical but unauthenticated. Myths are traditional stories, especially one concerning the early history of a people or explaining some natural or social phenomenon, and typically involving supernatural beings or events. Fairy Tales are false stories that is meant toRead MoreGreek Mythology Vs Roman Mythology1256 Words à |à 6 Pages Greek vs. Roman Mythology The line separating Greek and Roman mythology may seem very fine, but there are actually a few distinct differences between the two. For example, the Greeks and Romans both presented many of their stories orally, however, the Greeks were the first people to begin writing them down. Greek mythology is superior as it puts more emphasis on the role of mortals, the appearance of gods is more relevant, and its origin is more interesting as it was original and came before theRead MoreOrder From Chaos : Analyzing And Evaluating The Hellenic Creation Myth Through The Lens Of Biblical Tradition1384 Words à |à 6 PagesChaos: Analyzing and Evaluating the Hellenic Creation Myth through the Lens of Biblical Tradition Greek mythology is often understood through the lens of analyzing a dead religion; it is assumed that the influence of such myths is passive and fixed, only effecting the lives of those already long gone, whereas the very nature of such myths is to be active, dynamic, and illuminative. I, like many others with Greek heritage, rarely engage actively with the ancient Hellenic myths. Despite this, it isRead More Definition Essay1002 Words à |à 5 PagesDefinition Essay The origin of the word myth seems to be a myth in itself. 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In comparative mythology, the Hindu and Greek mythologies share fascinatingRead MoreThe Iliad And The Odyssey1693 Words à |à 7 Pagesââ¬Å"The ancient Greeks were a deeply religious people. They worshipped many gods whom they believed appeared in human form and yet were endowed with superhuman strength and ageless beauty. The Iliad and the Odyssey, our earliest surviving examples of Greek literature, record men s interactions with various gods and goddesses whose characters and appearances underwent little change in the centuries that followed. The Greeks attributed these epic narra tives to Homer, a poet living at the end of the 8thRead MoreStorytelling in The Odyssey Essay581 Words à |à 3 PagesStorytelling in The Odyssey The story of Odyssey comes from a time when storytellers spread tales of heroes and heroic deeds. The Greeks have been known to tell their stories of their heroes in oral tradition. The first few lines of the Odyssey is the narrator asking a Muse to help him tell the story of Odysseus. The story is also filled with dialogue, which might indicate that it is a form of theatre and that these lines were performed orally. From the first few lines, the Odyssey could beRead MoreGreek Mythology And The Mythology1154 Words à |à 5 Pagesand lessons of Greek mythology have shaped art and literature for thousands of years. Later Greek writers and artists used and elaborated upon these sources in their own work. Did you know that in ancient Greece, stories about gods and goddesses and heroes and monsters were an important part of everyday life. They explained everything from rituals to the weather, and they gave meaning to the world people saw around them. Many consumer products get their names from Greek mythology. For example sportsRead MoreGreek Culture : Ancient Greece1688 Words à |à 7 PagesGreek Culture The Greek culture is a culture that I have always found very interesting because of the way it has evolved. The Greeks are very proud of their culture and they speak of their country with an intense passion. There are many things that are a major part of the Greek culture such as: religion, music, language, food, wines, and traditions (ââ¬Å"History of Greeceâ⬠). There are many factors that play a role in the creation of the Greek culture such as: religion, culture, history, and othersRead MoreTrickster-God-Creator1433 Words à |à 6 PagesTricksters appear in the mythology and folklore of many cultures around the world. Although the power and relative divinity of each Trickster varies from tradition to tradition, Tricksters have important roles in the creation, development, and sometimes destruction, of each culture. The Coyote of Native North American traditions is often depicted as assisting the ââ¬Å"Great Mysteryâ⬠or ââ¬Å"Great Spiritâ⬠in the creating a nd populating of the world (Leeming). In the Greek myths Hermes is initially a sly infant
Wednesday, May 6, 2020
A Successful Business Turn Your Passion Into Profits Essay
How To Start And Grow A Successful Business - Turn Your Passion Into Profits By Krisz Rokk | Submitted On January 01, 2013 Recommend Article Article Comments Print Article Share this article on Facebook 1 Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Krisz Rokk More than 60 percent of businesses close doors within the first year of starting operations because of a number of constraints. For you to start a business and succeed, you need to have a lot of determination, resilience, self-discipline and focus. Businesses such as Apple were able to succeed because their founders had adequate focus and inner drive to take the business to the next level. Here are eight key things you should know to start and grow a successful business: 1. Follow Your Inner Passion As a matter of fact, achieving success in life is not a prerequisite for those who want to be happy. However, happiness is mandatory if success is to be achieved. Success is achieved by those who love what they are doing. It is advisable for anyone who wants to start a business to select something that he or she loves the most, but this should be something that has a market. If you choose something that can t sell, there is high probability that your efforts will never pay off. 2. Work on YourShow MoreRelatedTurn Your Passion Into Profits Essay716 Words à |à 3 PagesTurn Your Passion Into Profits By Marcia Weider Jul 2, 2011 In business, dreaming is serious business and the driving force for transformation. Without vision companies fail, and without our personal vision, our dreams, our lives, can become mundane, redundant -- even stagnant. When we are in touch with our passion we have more energy, enthusiasm and creativity. In a business context passion sells. Wouldn t you rather do business with people who enjoy what they are doing rather than someoneRead MoreInnocent Drinks : A Company1294 Words à |à 6 Pagesfirst began selling their smoothies at a music festival, due to the popularity of their smoothies they began to develop their business and got a à £250,000 investment from a wealthy business man. The company have now grown from 3 men, to a 350 people team who work across the whole of Europe with the drinks available in 50 different countries, this has helped the company have a turn over of more than à £200 million per year. In 2009 innocent drinks sold a stake of 10-20% to The Coca-Cola company for à £30 millionRead MoreLeadership Case Study1016 Words à |à 5 Pagesrunning very successful by Walton and far exceeding expectations. Walton continued his retail business that he loved by overcoming many ups and downs. He opened the first Wal-Mart Discount City Store in 1962 in Rogers, Arkansas.[2] In 2003, the company operates more than 4,000 stores worldwide. In 1999, with 1,140,000 associates, Wal-Mart became the largest private employer in the world.[3b] What made Sam Walton a successful business leader in the retailer industries? Waltonââ¬â¢s will to turn setbacksRead MoreEssay 5 Questions To Ask To Know YouRe Investment Ready1365 Words à |à 6 PagesQuestions to Ask to Know Youââ¬â¢re Investment Ready In the lifecycle of a startup, nothing is as important as fundraising. You will need investment to turn your business idea into reality. But just because your startup needs money, doesnââ¬â¢t mean itââ¬â¢s ready to attract investment. Indeed, plenty of startups fail to raise funds. So, how do you determine your startupââ¬â¢s investment readiness and what does it mean? Hereââ¬â¢s a look at this all-important subject. ââ¬Å"Is the market big enough?â⬠Investors are lookingRead MoreIn todayââ¬â¢s business setting, having an edge against rival companies can make or break you. Loyalty900 Words à |à 4 Pages In todayââ¬â¢s business setting, having an edge against rival companies can make or break you. Loyalty is that edge that will have your company profiting and the customers returning. Frederick Reichheldââ¬â¢s theory, The Loyalty Effect, is one of the most useful and needed business strategies. Without loyal employees within a company, your company is destined to fail. I consider myself a very loyal person, not only at my job, but in all aspects of life. I am a manager at Maui Nix Surf Shop and every partRead MoreThe Importance of Entrepreneurship and Small Business in a Worldwide Context1430 Words à |à 6 PagesIntroduction 2 Definition of enterprise, entrepreneurship and intrapreneurship 3 Skills, attributes and behaviours of entrepreneurs 4 The importance of enterprise, entrepreneurship and small business in the context of the wider economy as well as the individual or team. 5 Stages necessary to evaluate a new business idea 7 Summary and recommendations 8 List of references Introduction This essay is about entrepreneurship. The world is changing and the role of the individualRead MoreLeadership Styles Of Conrad Hilton1617 Words à |à 7 PagesClass How I plan to apply this Knowledge Integrity Hilton Worldwide prides themselves on doing things right the first time. I plan to uphold integrity in every business deal that I take part in. By being a leader that believes in integrity I feel that it would in turn rub off on other around me. 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He was a hard working individual who helped his family through the depression, started his own business from almost nothing and changed the field of management for ever. Sam Walton was born in 1918 in Kingfisher, Oklahoma during the Great Depression. Sam obtained his work ethic from his father Thomas Gibson Walton who was a hard worker and had allRead MoreSam Walton, Made in America, My Story Essay1336 Words à |à 6 Pagesalways trying to get the most out of money, and had a burning ambition to succeed. This was evident in his book Sam Walton, Made in America, My Story. He was a hard working individual who helped his family through the depression, started his own business from almost nothing and changed the field of management for ever. Sam Walton was born in 1918 in Kingfisher, Oklahoma during the Great Depression. Sam obtained his work ethic from his father Thomas Gibson Walton who was a hard worker and had all
Tuesday, May 5, 2020
Lump Sum Payment Was Recurring In Nature â⬠Myassignmenthelp.Com
Question: Discuss About The Lump Sum Payment Was Recurring In Nature? Answer: Introducation Eric has procured etc various assets like collectibles, personal use assets, in the last year and because of appropriate information in the question, it is assumed that such assets are not held more than a year. As a result, the indexation advantage cannot be availed by Eric owing to such holding period and when the sale value of such assets exceed their acquisition cost, they become liable for capital gains tax (ATO, 2017). The reason behind the purchase of personal assets can be attributed to the fact that these facilitate self-use and enjoyment. Furthermore, if the procurement expense of these assets is more than $10000, then the capital gain tax shall incur on the sale of such assets. Eric has purchased a home sound system for $12000 in the given case. In addition, collectibles have been purchased for personal benefit as well and if their procurement expense is more than $500, then taxability of capital gain tax must incur upon the same (ATO, 2017). Eric has purchased collectibles like painting, an antique vase, and antique chair respectively. It can also be witnessed from the case that he has purchased some shares in a listed company that pursues a procurement expense of $5000. For computation of capital gain, the sales proceeds must be deducted from the procurement cost of the assets List of assets acquired by Eric Sale consideration Procurement expense of such assets Net capital loss or gain Antique Chair $3,000 $1000 $2000 Loss Antique Vase $3000 $2,000 $1000 Painting $1000 $9,000 $8000 Loss Home sound system $11000 $12,000 $1000 Loss listed company shares $20000 $5,000 $15000 Net capital gain= $5000 Based on the above computation, it can be seen that the losses for the year have been set-off with the income in the same year so that net capital gain can be determined. Furthermore, it must also be noted that the above-mentioned assets have formed part of the computation because their acquisition cost is more than what is specified for taxability of capital gain. Overall, after considering all such scenarios, the net capital gain comes to $5000 for Eric in the given year. It can be seen in the given case that Brian has been offered a loan of $1 million from his employer at a very special rate of interest that is repayable in monthly installments. This criterion is similar to that of a loan fringe benefit because, in this benefit, the employer attempts to offer his employee a loan at a special rate of interest (lesser than that of the required rate of interest). Sometimes, in such benefit, no interest is charged from the employee (Pratt Kulsrud, 2013). Thus, since in the given question as well, the criterion prevails, the loan offered to Brian will be considered a loan fringe benefit. Furthermore, to compute the taxability of such benefit, such required interest rate must be known and since the question does not specify the same, the interest rate on April 1, 2016, shall be considered the statutory or required interest rate. On April 1 2016, the rate was 5.65% respectively. The taxable amount of such benefit will be computed here without accounting for the deductible rule. For such purpose, the loan interest (actual interest) will be deducted from the loan interest (required or statutory interest). Therefore, loan interest (actual interest) = $1000000 * 1% = $10,000. Similarly, the loan interest (statutory) = $1000000 * 5.65% = $56,500 Taxable amount is equal to $56,500 - $10,000 that amounts to $46,500 The loan interest (required or statutory interest rate) will be computed after assuming that the same was actually payable by Brian. Hence, it amounts to $10,00,000 * 5.65% that gives $56,500 The loan amount of one million obtained by Brian has been utilized for meeting future obligations and other income generating purposes. He has used around forty percent of such loan. Therefore, the amount of hypothetical tax-deductible interest expenses will amount to $56,500 * 40% that gives $22,600 respectively. In this step, the same criterion as mentioned above will be considered, except the fact that the interest expense will not be hypothetical and instead, it will be the actual interest amount. Therefore, it shall amount to $10,000 * 40% that gives $4000 The amount obtained in step (d) will be subtracted from the amount obtained in step (c). Hence, it will amount to $18,600 ($22,600 - $4000) The final amount will be computed by subtracting the amount derived in step (e) from the amount in step (a). Therefore, this amounts to $27,900 ($46,500 - $18,600). Instead of monthly installments, if the interest was repayable after the expiry of the loan, then the deemed time of such loan would be considered from the time when such interest was paid or it became payable as a whole. It can be observed from the given question that an agreement has been entered into betwixt Jack and Jill so that they can purchase a rental property with the borrowed money. Besides, based on the agreement, both are going to serve as joint tenants of the purchased property. However, if they decide to sell the same in the upcoming future, Jill shall obtain 90% of the profits while Jack will attain the rest. In addition, if there is no gain from the sale of such property, the entire amount of loss shall be borne by Jack alone (Renton, 2005). Nevertheless, it can be seen that the loss amount of $10,000 incurred in the last year must be borne by Jack alone and the amount can either be added to his other income (if any) or can be carried forward in the next year. With the help of this right, Jack can easily make use of the loss amount to determine his total income for the year. Nonetheless, if the property is sold, there may be either a loss or income from the same. In the case of gain, both Jack and Jill shall share the profits but in the ratio of 10:90 and Jack can also utilize the losses incurred last year to set-off against the income accruing in the current year so that net income can be calculated. In contrast to this, if there is a loss from the sale of such property, Jill is under no obligation to bear the same because as per the agreement, the entire loss must be borne by Jack alone (Sadiq et. al, 2014). However, he can carry forward the same or set-off the same in order to ascertain his total income for the year. Therefore, on a whole, it can be concluded that in the given case, the sharing of profits is done in the ratio of 10:90 while the losses will be borne by Jack alone. Thus, the treatment of tax does not affect Jill in any circumstance and Jack remains always liable to bear the entire amount of losses in his books of accounts. The case of IRC v Duke of Westminster [1936] AC 1 assists in representing the principle that every person has full right to manage his accounts and financials that can allow him to minimize his total tax payable in a year. Besides, it is also mentioned in the case that if any person is successful in minimizing his total tax payable by the adoption of legal ways, then even the Commissioners of Inland Revenue does not have any right to stop them from doing so. The only requirement that this case law necessitates is that the documents depicting the truthfulness of the transaction must be genuine in nature and then the courts even cannot rely on some underlying framework to contradict their doings. Nevertheless, with due course of time, the significance of this rule has been lost because of the arrival of many other similar case studies in this regard (Adams, 2011). As a result, the viewpoint of people in relation to the observation of accounting and taxation affairs has become distinct in nature in the current situation. The utmost significance of this rule in the current scenario is that it plays a key role in preventing the organizations from influencing relevant material from the financial statements. This means that the rule assists every organization and individuals to operate their affairs in a genuine way (Adams, 2011). For instance, a business organization can make use of legal ways to write off its fixed assets to their respective carrying value so that the losses and debts that are exerting pressure over it can be avoided. In such a scenario, even if such business organization does not have proper relevant documents in regard to the same, then also it will be sufficient to just write off the fixed assets (Nethercott et. al, 2013). However, such business organization must not try to engage in illegal methods to manipulate their material information from the financial statements because this rule restricts them from doing so. The owner of a big piece of land accommodating hue pine trees intends to graze his sheep on such land but the prevalence of such trees obstructs him from doing so. Bill who is the owner wants to hire a logging company for the same so that the company can obtain as much as timber from his land and in return, he is compensated. In the first case, it can be seen that Bill intends to receive $1000 for every meter of timber cleared by the logging company. In this case, since a number of receipts is not provided, the same will be regarded as a revenue receipt. As a result, it must not attract capital gains tax (Cartwright, 2013). However, in the second case, it can be seen that Bill intends to receive $50000 as a lump sum amount for clearance of the entire trees from his land. This receipt is purely a capital receipt because of the following reasons: The receipt is incurred only after granting of a right by Bill to clear the entire trees from the land. It is not a small payment and instead, it is lump sum in nature. It is a non-recurring receipt because, after clearance of trees, they will take time to grow once again. Therefore, this receipt will be regarded as a capital receipt and hence, will attract capital gain tax as well. On a whole, even though in both the cases, Bill receives some amount of money, yet their nature is altogether distinct. Besides, the criterion of a capital receipt as mentioned above is not visible in the first case because it was not a lump sum payment and it was recurring in nature. In contrast to this, the second case occurs only after giving a right to the logging company and it can be treated as a sale of an asset to a company (Nethercott et. al, 2013). Whilst the first case is taxable at normal rates, the second case is taxable under capital gains. References Adams, J. (2011). What is The Difference Between Tax Avoidance and Tax Evasion?. Accessed September 19, 2017 from https://www.taxinsider.co.uk/680-What_is_The_Difference_Between_Tax_Avoidance_and_Tax_Evasion.html ATO. (2017). Capital Gain tax. Accessed September 20, 2017 from https://www.ato.gov.au/general/capital-gains-tax/ Cartwright, M. (2013). Death to the Australia Tax?. Accessed September 19, 2017 from https://www.ato.gov.au/Individuals/Deceased-estates/Being-an-executor/Tax-responsibilities Nethercott, L, Richardson, G Devos, K. (2013). Australian Taxation Study Manual. Oxford University Press Pratt, J.W Kulsrud, W.N. (2013). Federal Taxation. Penguin Publishers. Renton N.E, (2005) Income Tax and Investment. John Wiley Sons Australia Ltd Sadiq, K, Coleman, C, Hanegbi, R, Jogarajan,S, Krever, R, Obst, W, Ting, A. (2014). Principles of Taxation Law. Sydney
Monday, April 6, 2020
I love Facebook. It is the new Christmas card. Tha Essays - Culture
I love Facebook. It is the new Christmas card. That's the way I perceive Facebook these days. Whatever else it may be to me on a daily basis, I consider it at the very least to be the way I will stay in touch with people whom I don't connect with very often. Instead of some ratty old scribbled-on, perpetually-incorrect and out-of-date address book like the one my mother has been dragging around for decades, Facebook lets me know where old neighbors, distant relatives, former colleagues, and middle-school girlfriends can be found if I need them, and often tells me what they are up to these days. Facebook gives me all of this without any effort at all. That's why Facebook is cool. But Facebook also gives me so much more. I can waste time during the day socializing with more current and geographically present friends, including those I do actually spend time with in person, when we are otherwise supposed to be working at our respective and supposed jobs. It reminds me of all the specials and events happening at my favorite local pubs. It updates my address book automatically with new profile photos of my friends, even the funny ones, so I see them on my phone when they call me. The other day I thought Duran Duran was trying to call me from the 80s, but it turns out my little sister just likes Duran Duran. Even if it means I sometimes have to be aware of how awesome Joe is at playing Mafia Wars, and how many barns Karen has on her virtual farm, it is totally worth it. I once thought that having an Excel file with all my friends' names, phone numbers, and email addresses in it was a big improvement over my mother's address book, because I didn't have to erase or scribble anything out to update it. I don't have to update Facebook at all. And even though this all happens more or less automatically, I still have options. I can choose whether to participate, and to what degree. I can post status updates, or just be nosey and read everyone else's updates, commenting only when I have something mean to say. I can post pictures of my kids and/or my ridiculous drunken escapades while the kids are away with their mother, or not. I can post current photos of myself if I feel like it, or only old and awesome ones. I can look at photos of other people's kids, and pretend I care by commenting about how cute they are, or I can make fun of them from a safe distance without hurting anyone's feelings. I can keep separate lists of people with whom I have different kinds of relationships, and control what each of those groups of people sees. I can make sure that no one from work sees photos of my kids or is ever otherwise aware that I sometimes participate in wholesome family activities. I can make sure that my family members neve r see anything that might even slightly resemble professional activity. I can make sure that everyone sees the photos from outside the strip club. I have a very poor reputation to maintain, and Facebook helps me reach my goals. I have some friends, henceforth referred to as "individuals formerly known as friends" because everyone knows that use of the term "friend" only applies to Facebook, who swear they will never use Facebook because of some deep-held philosophical, moral, or ethical convictions. I think that is a lot of bullshit. And I don't say this only because I have no philosophy, morals, or ethics of my own. I also really mean it. Some of these individuals formerly known as friends tell me that their disinterest in Facebook is a result of their preference to communicate "face-to-face" because it provides a richer and more meaningful interpersonal experience. Bullshit. If I avoided communicating with my friends and family except when there were time and opportunity to participate in a rich and meaningful interpersonal experience I wouldn't have any friends or family at all. I spend time with people "face-to-face" when I can, but that time has never, to my
Sunday, March 8, 2020
Transformation of Indians Duri essays
Transformation of Indians Duri essays The Indian population in the early 1800s were subjects of the ruling elite. At this point, the ruling elite consisted of Spaniards, which considered the Indians to be barbaric and did not consider them to be humans. In 1810, the Gente de razon category was established to identify people who were White, racially mixed people and those Indians who had been detribalized. This was the preparation for the revolution of 1821; an independence from Spanish rule. Mexico began its preparations by changing these racial labels. The great plan of this time period was to acculturate the Indians to help in the colonization of the new independent Mexico. The Indians transformation in their political, social and cultural view attributed to their legal status and land ownership rights during the Mexican period of 1821 to 1848. I believe that the Indians had been use to changes such as the change during the Spanish rule to the change under the Mexican republic and continuing with the changes und er the United States. It is the intent of this essay to examine the integration of the Indians into the new independent Mexico. The Indians change begins with the Laws of Burgos in 1512, passed by the Spanish crown to establish the procedures and laws to govern the Indians (Hanke 1949:24; Menchaca 2001:51). Yet again, at the beginning of the Mexican period in 1821, the reaffirmation of the 1812 Law of Cadiz under the Plan de Iguala went into affect, granting Mexican citizenship to all excluding slaves. The Plan de Iguala was a way to attract Indians to join the colonists in maintaining the newly established republic. Under this plan, race could no longer be legally used to prevent Indians, mestizos, and free afromestizos from exercising the citizenship rights enjoyed by Whites (Menchaca 2001:161). The beginning of this period asked many Indians to pledge allegiance to either Spain or Mexico. The Indians were able to combine their pol...
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