The Fairhope Single Tax Corporation Essay

The Fairhope Single Tax Corporation Essay

Length: 1106 words (3.2 double-spaced pages)

Rating: Good Essays

Open Document

Essay Preview

The Fairhope Single Tax Corporation


The founders of the Fairhope Single Tax Corporation desired to establish a model community based on the land tax system theory of Henry George and the principle of Cooperative Individualism. The Fairhope Industrial Association of Des Moines, Iowa, founded Fairhope in 1894. Fairhope was selected as the location because of its beauty and climate. The Association became the Fairhope Single Tax Corporation in 1904 and was incorporated as a municipality in 1908. The founders, influenced by the reform goals of the Populist Movement of the time, believed an individual would be free to do as he chose provided the equal rights of others were not infringed upon. Their model community was to be free of private monopoly to provide equal opportunity and reward individual effort as well as cooperation in common interest goals.
The founders of the Fairhope Single Tax Corporation used Henry George's theories and modified them to form the philosophy on which the Corporation is based. The term single tax refers to the George's statement in Progress and Poverty that "the ageless and universal problem of poverty and other economic and social evils might be cured by a simple fiscal reform." George's cure was that government would tax away the full annual use value of land and would refrain from any other form of taxation. In George's plan, there would be no taxes on other personal property, no income taxes, no sales tax, no excise tax. All economic rent would be taken for community purposes. The single tax doctrine is a blueprint for a free society. Henry George believed society would become more stable and wholesome under a single tax program. He believed if the plan were used internationally, fundamental c...


... middle of paper ...


...f its founders. The present day members of the Fairhope Single Tax Corporation have carefully preserved their history and heritage. The Fairhope community is a diverse population with a strong regard for individualism and a high tolerance for the nonconformist. Is this individualism and tolerance part of the Single Tax Colony heritage?
The Fairhope Single Tax Corporation has survived the changing economic, social and political philosophies of a century. The Single Tax Corporation has not only survived but has grown stronger financially. Instead of gradually losing its single tax characteristics over the years, the Single Tax Corporation has purified its policies and procedures to become more true to the single tax philosophy. The founders of Fairhope demonstrated that idealism, determination, and hard work could conquer hardships and build a successful future.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

A Corporation Or S Corp Is Formed By An Irs Tax Election Essay

- S-Corporations An S-Corporation or S Corp is formed by an IRS tax election.(IRS Code sections 1361 through 1379). When a S Corp is formed it must first have a charter in the state where the headquarters of the S Corp is located. The approach that an S Corp is taxed is different from other business organizations that have been examined previously, because profits and losses can carry over to your personal tax return.is happens because the S Corp itself is not taxed, however the investors are taxed....   [tags: Tax, Corporation, Limited liability company]

Good Essays
717 words (2 pages)

The Tax Of The State Of Rhode Island Will Receive Major Tax Essay

- Corporations within the state of Rhode Island will receive major tax breaks this tax season beginning January 1, 2016. The tax break is extended to more than mere corporations and Social Security beneficiaries and pass-through entities will also take a break this season as well. These new tax benefits will not benefit everyone, however but certain corporations and individuals will see a change in their annual minimum tax. While these tax changes take effect on January 1, 2016, these changes will not affect tax returns filed for the 2015 tax period, but taxpayers will see these changes on their returns for 2016 tax filed in 2017....   [tags: Tax, Corporation, Limited liability company]

Good Essays
712 words (2 pages)

Apple 's Tax Avoidance And Is It Ethical? Essays

- What is Apple’s Tax Avoidance and is it Ethical. Introduction In recent years, multinational companies, such as Apple, have grown incredibly fast. This is especially true in the technology market. With companies being able to sell digital merchandise from anywhere in the world, a company may not have a physical presence in the country of incorporation. These unforeseen issues in tax policy discrepancies have allowed companies such as Apple to avoid taxes legally. Although legal, tax avoidance is not necessarily ethical....   [tags: Tax, Corporation, Tax haven, Taxation]

Good Essays
865 words (2.5 pages)

The Progressive Tax And The Tax Essay

- The U.S. along with only 6 other countries use the progressive tax, the progressive tax is a very unfair and inconsistent taxing system.This system has a varying rate that taxes the higher income homes with a higher rate,and the lower with a reduced rate.The Flat tax is a taxing system that has one flat tax rate for all ranges of income homes. The flat tax has been proposed multiple times throughout legislation , but not once has it been taken seriously as a cure to fix the current tax problems.The U.S....   [tags: Tax, Taxation in the United States]

Good Essays
1319 words (3.8 pages)

Multinational Companies And Their Tax Minimization Strategies Essays

- Multinational companies and their tax minimization strategies have been arisen as an issue gaining a continuously growing media attention. In absence of a fully harmonized taxation environment, large multinational companies, such as Amazon, Starbucks and Google, having developed a complex corporate structure exploiting the differences in the corporate tax rates in order to shift their income from high- to low tax jurisdictions. Owing to the adoption of these tax avoidance schemes, these large international firms have managed to pay smaller amount of corresponding tax on their distributed profits on high tax jurisdictions....   [tags: Corporation, Corporate tax, Tax, Income tax]

Good Essays
975 words (2.8 pages)

Essay about Multinational Corporations And The United Kingdom

- Multinational corporations are trying to maximise their profit in any way. They can go around the law and almost do not pay taxes. They do not think about people’s reaction, government reactions or their reputation. They know that they are going to have supporters no matter what they are doing. But can they actually maximise profit and pay less taxes than their employees. It started in the United Kingdom when some MPs accused the HMRC that they are not collecting enough taxes from big corporations....   [tags: Corporation, Tax, Multinational corporation]

Good Essays
1011 words (2.9 pages)

International Tax Planning Essay

- International Tax Planning Nowadays, business world is becoming increasingly international. Though multinational corporations have existed for a long time, today the number of average or even small business on the international scene is increasing in terms of globalization and the Internet usage. It very important to understand, that that different countries not only have very different natural, labor and financial resources, but also may have radically different tax systems. It is not just about the rates....   [tags: tax system, business, tax evasion, corporation]

Good Essays
1218 words (3.5 pages)

Partnership, C Corporation And S Corporation Essay

- Partnership, C Corporation, S Corporation As we know, there three popular forms of business are Partnership, S Corporation, C Corporation. The taxpayer want to start a business for 2014. Then there are some impact on Partnership, C Corporation and S Corporation. First, we need understand impact of the taxable year for business. A partnership must use either the required taxable year or one of three alternate taxable years: “Majority partners’ tax year”, “Principal partners’ tax year” or “Least aggregate deferral rule.” And “Majority partners’ tax year” definite that more than 50% of capital and profits is owned by partners who have the same taxable year....   [tags: Taxation, Tax, Taxation in the United States]

Good Essays
1373 words (3.9 pages)

A Brief Note On The Progressive Tax System Essay

- The United States makes use of the progressive tax system, which translates to different portions of one 's income, being taxed at rates, which are different. In general terms, people who have taxable incomes that are higher pay overall tax rates, which are higher. The real manifestation of this system is the tax brackets because they reflect the amount an individual has to reimburse in several levels of income. Because rates and tax brackets occasionally change, people should take the initiative of checking to confirm whether they are making use of individual tables as they file their taxes....   [tags: Progressive tax, Tax, Taxation]

Good Essays
1319 words (3.8 pages)

The World Of Multinational Corporations ( Mncs ) Essay

- In the world of multinational corporations (MNCs) whose headquarters are based in the United States, the transfer of intellectual property and profits to tax haven countries has become a common and lucrative business practice. Through the use of foreign holding companies, or so-called “Controlled Foreign Corporation (CFC)”, MNCs have been able to generate higher profits while avoiding high U.S. corporate income tax rates on worldwide earnings. Overall, 83 of the 100 largest publicly traded U.S. corporations have subsidiaries in locations listed as tax havens or financial privacy jurisdictions, according to the Government Accountability Office (Hirsch 1)....   [tags: Taxation in the United States, Tax, Corporation]

Good Essays
756 words (2.2 pages)