B why would politicians prefer the cash basis over the accrual basis

Introduction To Libertarianism, and half Libertarianism One of my takeaways was how new libertarianism was in These peculiar views of mine are not peculiar to me. If they were, I would be paying Harper and Row to publish this book instead of Harper and Row paying me.

B why would politicians prefer the cash basis over the accrual basis

Currently, forms are used to track and report the miscellaneous income associated with services rendered by independent contractors or self-employed individuals.

Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change.

Revenue Recognition

The new legislation works in both directions to track the buying and selling of gold. While the legislation implies that taxation of such transactions to generate additional revenue is the goal, precious metals buyers, who generally like to remain anonymous, will most certainly see that the real issue in this instance is not taxation, but the ability to track who owns the gold.

Incidentally, the communists in Russia and eastern Europe did the same thing throughout the 20th century, but those penalties went a bit further than just imprisonment.

With a US dollar currency crisis and a US federal government debt crisis looming, many precious metals investors are concerned that similar government action may be instituted in the future.

Though it has been argued by many that confiscation in the US would not be necessary or feasible, the legislation certainly makes it easier to identify who has the gold. Historically, when the economic or political shit hits the fan, governments have always moved to seize precious metals from the citizenry.

The Bolsheviks did it in Even if this is avoided, the tracking capabilities that have been provided for in the Obama health care legislation now give the government the ability to know exactly who buys how much gold, as well as an easy tracking mechanism for taxing the transaction.

This is why we advocate a diversified strategy for gold investing and wealth preservation that includes not only the acquisition of bullion here at home, but if you have the capability, international storage of physical metals i.

Though you may lose some gold in the event of a confiscation or extreme taxation in one country, you may be able to retain some wealth internationally. And of course, for those without the ability to invest internationally, buy off the books while you still can and keep your gold out of sight of potentially prying eyes.

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(a) What is the difference between accrual-basis accounting and cash-basis accounting? (b) Why would politicians prefer the cash basis over the accrual basis? (c) Write a letter to your senator explaining why the federal government should adopt the accrual basis monstermanfilm.com Why Is the Accrual Basis of Accounting Generally Preferred Over Cash Basis? by Kaye Morris - Updated September 26, The accrual basis of accounting essentially requires you to recognize income when earned and expenses when incurred versus the cash basis of accounting which requires you to recognize income when received and expenses monstermanfilm.com Hornsey Depot. Further up the line, work on the Thameslink Hornsey Depot and related track-tweaking is now well-advanced. This is a key part of the Thameslink infrastructure, required to service the expected 12 and 8-car Class stock.

Read by 11, people Date: July 21st, Website: This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www. Please contact us for permission to reproduce this content in other media formats.May 03,  · Why would politicians prefer the cash basis over the accrual basis?

B why would politicians prefer the cash basis over the accrual basis

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Benjamin Fulford: The Feds buy time (but not much) by calling in their last reserves

Report Abuse. Are you sure you want to delete this answer? Why would politicians prefer the cash over the accrual basis? Accrual Basis and Cash Basis? More questions.

B why would politicians prefer the cash basis over the accrual basis

What is Cash Basis and Accrual Basis Accounting?Status: Resolved. (b) Why would politicians prefer the cash basis over the accrual basis? (c) Write a letter to your government official explaining why the government should adopt the accrual basis monstermanfilm.com Thanks to start-ups and Amazon, shoppers may be seeing a new payment option at checkout.

a) Why would politicians prefer the cash basis over the accrual basis? Politicians prefer the cash basis of accounting because it is recorded in real time.

When transactions are made, they are recorded only when it is officially made.

Why would politicians prefer the cash basis over the accrual basis

(a) What is the difference between accrual-basis accounting and cash-basis accounting? (b) Why would politicians prefer the cash basis over the accrual basis? (c) Write a letter to your senator explaining why the federal government should adopt the accrual basis monstermanfilm.com (a) What is the difference between accrual-basis accounting and cash-basis accounting?

(b) Why would politicians prefer the cash basis over the accrual basis? (c) Write a letter to your senator explaining why the federal government should adopt themonstermanfilm.com

Difference Between Cash Basis and Accrual Basis and Adjusting Entries