Toy Story 2 Part 2 Analysis
An individual’s ability to pay is what tax is based on. Tax is a defense for education, health care, social security, and social service. It has become absolutely essential; Not only did it help reshape the United States’ economy arrangement, but also it helped the deprived and unfortunate to improve their living conditions. The information on this document is relating to the tax issues based on Pixar’s movie Toy Story 2. In Toy Story 2, property tax, social security tax, sales tax, and income tax are the key tax components that are involved in the movie. Each main character holds different tax responsibilities based on their actions and their characters.
At the start of the movie, the first scene was taking place in Andy’s room. The property …show more content…
When the chicken man gets pay from the storeowner, the income tax has directly taken place. The U.S government uses pay-as-you-go policy for all the income taxpayers. This means that the employers would reserve a certain percentage of the total income for employees every period of time. Every income taxpayer is required to file tax return by law. Whether or not the employees would receive their tax return is depending on their annual income. In chicken man’s situation, he is most likely to receive a tax refund due to his low income by working at a toy store. It’s unclear whether or not Andy’s mother has stable annual income and monthly salaries so it cannot be …show more content…
Later on, Woody’s toy friends decided to rescue Woody from chicken man’s hand. The chicken man has illegally acquired Woody and the federal law requires taxpayer to report the stolen property in the same year when he or she stole the property. The chicken man was intended to send Woody, Jessie, horse, and Stinky Pete to a museum located in Japan. He would have gotten a huge profit out of the deal if Woody’s friend did not rescue Woody. Only if the chicken man were lucky enough to sell the toys to Japan, then he would have to report the income in the same year, unless he returns the toys to Andy then he would not be obligated to report
At the start of the movie, the first scene was taking place in Andy’s room. The property …show more content…
When the chicken man gets pay from the storeowner, the income tax has directly taken place. The U.S government uses pay-as-you-go policy for all the income taxpayers. This means that the employers would reserve a certain percentage of the total income for employees every period of time. Every income taxpayer is required to file tax return by law. Whether or not the employees would receive their tax return is depending on their annual income. In chicken man’s situation, he is most likely to receive a tax refund due to his low income by working at a toy store. It’s unclear whether or not Andy’s mother has stable annual income and monthly salaries so it cannot be …show more content…
Later on, Woody’s toy friends decided to rescue Woody from chicken man’s hand. The chicken man has illegally acquired Woody and the federal law requires taxpayer to report the stolen property in the same year when he or she stole the property. The chicken man was intended to send Woody, Jessie, horse, and Stinky Pete to a museum located in Japan. He would have gotten a huge profit out of the deal if Woody’s friend did not rescue Woody. Only if the chicken man were lucky enough to sell the toys to Japan, then he would have to report the income in the same year, unless he returns the toys to Andy then he would not be obligated to report