Paper Work

Passport Program

Sep. 21st 2016

This speaker mainly conducts some factors like tax policies, capital gains and different social status might influence people’s income. The first one is tax policies. The change of tax policies that give some influences to shareholders and their income. When tax rate changes, people’s income will change by the rates, also, tax policies changes must change the shareholder’s income. For example, Tax Reform Act further influence the period of 1986, the corporate’s pretax had a big change from since the tax policies change.

When stocks go up and down, people’s capital gains might change. In stock market, the capital gains mean the difference between you buy a stock and you sell a stock. Capital gains have many different forms. For example, in America, the taxable gains for people only from they sell their home from the speaker.

The third point that the speaker mentioned was the inequality between white and black. The speaker analyzed from family income, marriage situation and female and male’s income between white and black, both of these numbers indicated that they have different income ability. In general, black men who marriage will struggle more than white female from the speaker’s speech.