• Tax expenditures are government revenue losses from tax exclusions, exemptions, deductions, credits, deferrals, and preferential tax rates. They are a...
    13 KB (1,452 words) - 15:52, 30 July 2024
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    freezes for 4–5 years, income tax reform, elimination of tax expenditures, and a national sales tax or value-added tax (VAT). The Hamilton Project published...
    109 KB (12,204 words) - 07:07, 29 September 2024
  • accounting, a capital expenditure is added to an asset account, thus increasing the asset's basis (the cost or value of an asset adjusted for tax purposes). Capex...
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  • Thumbnail for Causes of income inequality in the United States
    transfers and federal taxes increased by 33 percent." Tax expenditures (i.e., exclusions, deductions, preferential tax rates, and tax credits) cause revenues...
    130 KB (14,543 words) - 05:08, 2 November 2024
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    2011. Retrieved November 29, 2010. Kansas Department of Revenue. "Tax Expenditure Report - Calendar Year 2009" (PDF). p. 8. Archived from the original...
    62 KB (6,591 words) - 13:41, 7 October 2024
  • budgets and accounts, strategic allocation of consumption expenditures, planning for taxes, insurance payments, medical care, and debt repayment, as well...
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  • before- and after-tax; this article focuses on the after-tax aspects. Income tax rates applied to various income levels and tax expenditures (i.e., deductions...
    77 KB (10,127 words) - 18:31, 25 September 2024
  • as Sen. Bernie Sanders, as a "tax break" that excuses investors from paying their "fair share", or a "tax expenditure" that government could elect to...
    56 KB (6,629 words) - 19:09, 16 October 2024
  • Thumbnail for Deficit reduction in the United States
    combat the coronavirus pandemic. A budget deficit refers to expenditures that exceed tax collections during a given period and require borrowing to fund...
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  • added tax and other taxes on products, transport and marketing costs and tips paid over and above stated prices. Household final consumption expenditure includes...
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  • professor of government at the College of William and Mary, to refer to tax expenditures with social welfare objectives that are often not included in discussions...
    15 KB (1,940 words) - 04:05, 29 April 2024
  • The Expenditure Tax Act, 1987 is an Act of the Parliament of India. It applies to any charges incurred by an individual and in the event that these charges...
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  • support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax compliance refers to policy actions...
    110 KB (14,332 words) - 09:33, 2 November 2024
  • on income or expenditure, referring to the way the rate progresses from high to low, so that the average tax rate exceeds the marginal tax rate. The regressivity...
    32 KB (3,791 words) - 13:55, 25 October 2024
  • Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian...
    13 KB (696 words) - 16:11, 25 October 2024
  • Thumbnail for Tax Policy Center
    longer-term tax issues, and to communicate its analyses to the public and to policymakers. TPC combines national specialists in tax, expenditure, budget policy...
    10 KB (891 words) - 20:13, 3 November 2024
  • of a tax (also known as the ring-fencing or earmarking of a tax) is the dedication of the revenue from a specific tax for a particular expenditure purpose...
    8 KB (1,104 words) - 13:50, 10 July 2024
  • Government revenues mostly include taxes (e.g. inheritance tax, income tax, corporation tax, import taxes) while expenditures consist of government spending...
    27 KB (3,370 words) - 13:54, 29 September 2024
  • 10 tax expenditures totaled $900 billion. This is a proxy for how much they reduced revenues or increased the annual budget deficit. Tax expenditures tend...
    117 KB (14,584 words) - 19:54, 29 August 2024
  • Expense (redirect from Expenditure)
    making a capital expenditure because they have acquired a new business-related asset. This cost could not be deducted in the current taxable year. However...
    11 KB (1,527 words) - 10:54, 11 October 2024
  • Thumbnail for Éric Pichet
    Panthéon-Assas with a thesis entitled « Towards a General Theory of Social and Tax Expenditures » Pichet began his career at French stockbroker CHOLET DUPONT before...
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  • income or expenditure, referring to the way the rate progresses from low to high, where the average tax rate is less than the marginal tax rate. The opposite...
    13 KB (1,653 words) - 21:31, 30 August 2024
  • Thumbnail for Government spending
    Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition...
    78 KB (8,059 words) - 20:38, 27 September 2024
  • consumption tax may be called an expenditure tax, a cash-flow tax, or a consumed-income tax and can be flat or progressive. Expenditure taxes were briefly...
    26 KB (3,372 words) - 15:36, 25 October 2024
  • Under the U.S. tax code, businesses expenditures can be deducted from the total taxable income when filing income taxes if a taxpayer can show the funds...
    7 KB (1,058 words) - 13:46, 31 January 2021
  • before interest and taxes, add depreciation and amortization, and then subtract taxes, changes in working capital and capital expenditure. Depending on the...
    15 KB (1,848 words) - 02:55, 11 May 2024
  • Thumbnail for Taxation in the United Kingdom
    The income tax rate increased to 5s. (25%) in 1916, and 6s. (30%) in 1918. Altogether, taxes provided at most 30% of national expenditure, with the rest...
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  • scheme for large companies launched in 2002 (see R&D Expenditure Credit or Above the Line R&D Tax Relief). Any company carrying out R&D is likely to qualify...
    12 KB (1,616 words) - 12:59, 3 July 2024
  • Thumbnail for Income inequality in the United States
    address the situation. Tax expenditures (i.e., exclusions, deductions, preferential tax rates, and tax credits) affect the after-tax income distribution...
    209 KB (20,973 words) - 20:48, 30 October 2024
  • Thumbnail for Council Tax
    (equivalent to £1,841 in 2023). In 2014–15, the tax raised enough money to cover 24.3% of council expenditure. Council Tax is difficult to avoid or evade and therefore...
    45 KB (4,853 words) - 13:11, 4 November 2024