However, high levels of unemployment mean the country's tax and revenue base remains extremely low.
We have a number of issues, two baskets -- the tax and revenue issues and then the sequester issues.
Fitch also supports the higher levels of luxury tax and revenue sharing adopted by MLB and the NBA, arguing that they bolster league stability and drive credit worthiness.
Grover Norquist is an anti-tax evangelist whose special interest group, Americans for Tax Reform, has all but captured the tax and revenue policy apparatus of the Republican Party.
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With municipalities and issuers of infrastructure bonds including schools districts, hospitals and sewage and garbage collection authorities facing diminished tax and revenue receipts and inevitable downgrades, the risks they pose to guarantors could shut them out from low interest rate borrowings.
Their rhetoric often implies not only that lower tax rates stimulate economic activity and tax revenue and that that higher tax rates depressed economic activity and tax revenue, but they often go further and imply that any change in tax rates would be so powerful as to have Laffer-curve effects.
The employment and tax revenue implications of these data are clear, a good economy generates jobs and tax revenue.
This first video explains the Laffer Curve and why politicians are foolish if they assume that there is a fixed linear relationship between tax rates and tax revenue.
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As such, I try to explain, this means it is wrong to assume a simplistic linear relationship between tax rates and tax revenue.
Notice 2011-66 explains how these executors can opt out of the estate tax, and Revenue Procedure 2011-41 explains the special tax rules that apply to assets when executors opt out of the estate tax.
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He said the program supports large solar projects that create jobs, state and local tax revenue and investment opportunities.
So this is one report where ministers are led by the nose through the implications of their tax decisions on output and tax revenue.
Yes the public workers are paid using tax revenue, and they pay income tax on that revenue.
Entitlement reform, tax policy and revenue-drawing energy programs are all subject to non-budget related congressional battles.
The basic premise of tax reform is to trade off tax rates and revenue base.
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When a government borrows money, it is basically (if not literally) borrowing growth and tax revenue from the future and spending it today.
We would continue to have traditional employees, on whose wages employers must withhold Social Security tax and Medicare tax, and remit it to the Internal Revenue Service, with employer matching Social Security tax and Medicare tax.
The revenue impact can strengthen the local economy, resulting in more jobs and increased tax revenue for local schools and other services.
An FTT would crimp economic growth and thus would reduce total tax revenue, not increase it and finally, we do indeed have several FTTs currently and also know that they crimp economic growth and thus reduce total tax revenue.
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While outlays as a percentage of GDP are near all-time highs due to the stimulus packages started in 2008, tax revenue and entitlement contributions is near an all-time low due to unemployment and other tax breaks for the wealthy, keeping tax revenue below average.
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Ironically, this means that if the president and Congress cut taxes for the middle class, it would reduce tax revenue, and, if they raised tax rates for the highest income levels, it would also reduce tax revenue.
An economy restored to dynamism rather than dependence will mean more creativity and innovation, higher incomes and spending, and greater tax revenue for deficit reduction and investment.
The private enterprises provide employment and tax revenue while the local state provides land, tax breaks, and free or cheap utilities.
The result will be slower growth, fewer job opportunities, less employment, a smaller tax base and far less tax revenue than expected.
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Dagong said that the decision to increase the borrowing limit will not change the fact that the US national debt growth has outpaced that of its overall economy and tax revenue, which will lead to a decline in its debt-paying ability and the probability that the debt crisis will deepen.
Slower growth means fewer jobs and less tax revenue for federal, state and local governments.
But other economists say those numbers which estimate the spending and tax revenue that could be generated by gay weddings represent an insignificant part of the local and state economies.
Greek government officials say the reduction in wages being sought by the troika will only deepen the country's recession and widen its budget deficit by reducing tax-revenue collections and contributions to its teetering pension funds.
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It has also called for clarity on the roles and responsibilities of two organisations involved in the tax - Revenue Scotland and Registers of Scotland.
The feds assume a relationship between the economy and tax revenue that is divorced from reality.
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