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But one of the things that we rarely see in government documents is an actual case study that gives us the details of the Laffer curve for a specific tax on a specific product.
FORBES: Laffer Curve Spotted in the Wild in Eire
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But the actions of the handmade cigar industry are exposing what appears to be an outrageous tax increase on a specialized product.
FORBES: Up In Smoke
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In a working paper published earlier this year, its researchers focused on shake-ups in labour and product markets, as well as tax reforms like reducing the share of direct taxes (on income) in the total tax take.
ECONOMIST: Free exchange
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The structure of ETFs does lend itself to a more tax-efficient model, but that depends on each product also.
FORBES: Low-fee Fever Spreading Through ETFs
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Inflation as a product of intentionally devaluing the dollar is a regressive tax on all of us.
FORBES: The Federal Reserve's Explicit Goal: Devalue The Dollar 33%
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One last piece of the puzzle, a substantial reduction in spending and tax benefits is likely to have a significant negative affect on our economy and Gross Domestic Product (GDP).
FORBES: Treating Federal Tax Benefits Like Budget Items: Where Can We Cut Tax Subsidies? Can This Be a Partial Solution to Sequestration?
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The U.S. gross domestic product has expanded by greater than the size of the entire Chinese economy since the 2003 tax cuts on income, dividends and cap gains.
FORBES: 2007: Year The Dam Breaks?
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The Donald might impose a 25% Trump Tax on Chinese imports, only to find out later that U.S. manufacturers could only make the same product for, say, twice the Chinese price.
FORBES: Trumped-Up Policies: Ready for the 'Trump Tax'?
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In 1953 total federal tax receipts were just 18.7% of Gross Domestic Product (GDP) (17.6% On-Budget and 1.1% Off-Budget) while federal outlays were 20.4% of GDP.
FORBES: Dwight D. Eisenhower on tax cuts and a balanced budget
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Moreover, Mr Major also inherited the poll tax, the product of his predecessor's attempt to reform local-government finance, which had young rebels on the streets and old rebels deserting the Conservatives in droves.
ECONOMIST: John Major