Receiving a settlement payment can be a life-changing experience because it involves knowledge and financial success. However, the maintenance of these funds requires careful consideration for keeping up with financial stability over the long run and staying away from certain traps. Studies have shown that many beneficiaries quickly exhaust their settlement funds due to poor money management. Without a well-thought-out plan, the risk of falling into debt increases, especially when liabilities like taxes or unforeseen expenses arise. A solid financial plan supports the successful management of settlement payments. This includes negotiating with creditors, understanding tax obligations to the IRS, [...]

The two primary tools in a government system are taxation and spending, which can influence economic behaviour, affect income and wealth distribution, and address social injustices. Different tax policies can result in significantly varying outcomes for different social classes, such as the rich and poor. These policies may either reduce the disparity or increase it. This article focuses on the nature of these mechanisms, particularly through regressive and progressive tax systems. Additionally, the connection between these structures and social justice will be examined, along with potential amendments to tax regulations that could benefit the general population. Taxation and Social [...]