Balance Laws

The Core Foundation of Technology 2

Real Property Tax

• Fines and dues issuing over $500 can be recharged through financial need.

• If the property is not sold, than it CANNOT be taxed.

• The real property tax is relatively shielded from local business cycles, so it provides a steady source of revenue.

Targeted Tax Reductions

• Targeted tax reductions to property owners for whom the real property creates special burdens, such as:

– Low-income seniors (currently done through the state’s Senior Citizen Property Tax and Rent Rebate assistance program)

– Homeowners through homestead exclusions (if funded by the local jurisdiction)

– Farmers through “Clean & Green” and through farmstead exclusions (the latter if funded by the local jurisdiction)

Exclusions of the Tax

• Basically when you evenly balance out the taxes from property to property a series of laws must be written to claim a certain partisan of the shareholder’s land.

• One law is THE HOMESTEAD EXCLUSION– Four properties must be outlawed by three

taxes, or the property will be foreclosed.

Inclusion of 1988

• Internal struggles on the homestead caused an uprising with the county taxpayers. On November 15, 1988 the State of Georgia issued an Inclusion into the Real Property Tax. Thus, money going into the shareholders employment was not evenly balanced.

• No Balance between tax and property means that people get to purchase property on a side to side loan. The gov’t did nothing about this issue. As a result in 1990 Jimmy Carter was not reelected.

Vocabulary(so far)• Real Property

– amounts of land given to farmers and other employers. They are taxed twice a year.• Tax

– a paid concession on a property. Ranging from 45,000 a year to $500. Taxes can be reduced by the gov’t, and also excluded by shareholders.

• Inclusion– the input of money into a real property that is not profitable. Market sales go down, and the threat

of property foreclosure soars up. • Exclusion

– money that is withdrawn from a real property in order create more surplus and income. The more income, the better paying jobs there will be.

• Homestead– a settled or used property that can accept both exclusions and inclusions without disturbing the

balance of taxes. • Shareholders

– people who pay for the real property• Taxpayers

– people issue the taxes on a real property. They also pay the monthly taxes on a homestead. They have the authority to exclude or include certain properties. It depends on whether the taxes are evenly balanced.

Farmstead Exclusion

• No taxes paid for in advance

• Crop production decreases due to shortage of employment on real property.

• Farmers decide to retain taxes for a period of three months.

• Government may act in an exclusion such as this, but only IF the taxpayers pay out the property rent.

Jurisdictions over Real Property• A property must be given an assessment by

the taxpayer.

• If the demand for a higher price is needed, then the homeowners must contact the General Assembly

• General Assembly- a congregation of state council members who overrule funds withdrawn by the taxpayers and shareholders.

Jurisdictions over Real Property (cont..)

• The assembly meets four times a year. Once for each season.

• Shareholders define what the assembly can overrule. But they CANNOT tax higher paying homesteads without the consent of The Governor.

• Governor- has authority over all taxation's on real property.

Jurisdictions over Real Property(cont..)

• The governor is responsible for maintaining the balance between taxes and property. It is one of the defined powers given by congress.

• One state that has a balance law system is Pennsylvania.

• In PA Governor Rendell has the authority to commerce the real property tax because he is a democrat.

Balanced Vs. Unbalanced

• A balanced law system defines where the money goes. Money is distributed evenly between taxpayers, shareholders, and homeowners.

• An Unbalanced law system contains no defined powers. The governor can tax a property for as high as needed. There is no control over the General Assembly.

Balance Laws QUIZ Sunday, October 11,

2009

Law of Partial Attraction

• Basis Equation– CB-AB/2F-9– CB stands for pressure– AB represents the attraction of atoms to bytes in a

system– 2f is the amount of Force required to attract 5

atoms. – 9 joules of energy are needed to create x2

Newton's of Force.

Partially Divided

• Take half of the initial value of the equation 1, and multiply it by the value of the equation 2.

• E1*e2= 1/2 of a megabyte.

• We need to multiply by e1 and e2 by 1/2 to get a FULL megabyte.

• 0.5/e1+0.5/e2=Base Formula