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.
Latest filings show little or no charitable activity for tax-exempts created or championed by Jerry Bruckheimer, Don King, Mike Tyson and Julia Roberts (whose spokesman says it never really got off the ground).
The evaluation on the left is that this would simply depress economic activity and tax revenues further, and would do nothing to slow down the escalation of the UK's national debt, except in the very short term.
Better to be tax an activity that generates an externality to raise this money than to tax income or capital gains.
The direct way fracking can reduce the budget is by stimulating economic activity and thus tax revenues.
But the ensuing spending cuts have further slowed activity, hitting tax revenues, which slumped 14% last month.
After a flurry of activity, many tax-exempts have forgotten about the forms and are now staring down the possibility of loss of status for filing to remain compliant with respect to reporting.
For this purpose, deductions are more or less calculated in the same manner as you would calculate ordinary deductions so long as they are associated with the passive activity for the tax year or carried forward from a prior tax year.
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Facing a storm of criticism from both Republicans and Democrats, Mr. Miller said in his op-ed that the IRS wasn't trying to target any particular group but instead was trying to deal with an influx of applications and a challenging law that limits or even bans political activity by some tax-exempt organizations, but is riddled with complexity.
We all know, intuitively, that higher tax rates depress economic activity, which reduces somewhat the increase in tax revenue expected from the higher rates.
In short, the fact that raising tax rates will slow economic activity was not refuted, if you tax anything, you get less of it.
Simply stated, it is very difficult for governments to impose and enforce confiscatory tax rates when investors and entrepreneurs can shift their economic activity to jurisdictions with better tax policy.
And while LBO transactions aren't threatened by tax changes, those who engage in this kind of activity face the threat of tax increases when it comes to "carried interest" that would reduce the incentives for those in this space to transact at all.
We also all know, intuitively, that lower tax rates tend to stimulate economic activity and thus recoup some of the tax revenue lost by the lower tax rates.
Naturally, politicians are coming up with ingenious ways to tax this activity.
He argued Tuesday that the targeting resulted from overworked staffers struggling to enforce unclear regulations involving what political activity is permissible by tax-exempt groups.
Whether tax rate increases are totally self-defeating or only partially so, their cost in reduced economic activity is high relative to tax revenue gained.
When fully phased in by 1983, this cut enormously stimulated economic activity: Personal income tax revenues soared more than 60% over the next seven years.
Last summer, both consented to court orders in Florida restricting their tax return activity and, in the case of Calvert, barring him from the field completely.
Most of these rationales for low taxes on people like Mitt Romney are wrong or overstated, and they miss a key point: taxing capital gains at much lower rates than other income creates a ginormous loophole that leads to a tremendous amount of inefficient tax shelter activity.
At the same time, the IRS is sending questionnaires to some groups that self-declare their tax-exempt status, seeking more information on their political activity, and it is reviewing tax returns of some exempt groups to make sure they are complying with rules imposing a tax on some of their political activities, tax experts say.
But beneath all of it lies the tax agency's basic inability to say just how much political activity is permissible for groups with tax-exempt status.
Whether it harms economic activity enough to reduce total tax revenue is an open question.
We began seeing increased tax refund check activity late last week in our stores, resulting in a more normalized weekly sales pattern for this time of the year.
Some supply siders argue that higher taxes on any form of income is self defeating since it slows economic activity sufficiently to reduce the tax take to the government.
Looking at data on American multinational companies from 1982 to 1999, the economists found that tax havens boosted economic activity in nearby non-havens rather than diverting it.
Tax just once whatever activity you are taxing.
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The tax, and the increased spread costs that the tax creates, left investing activity only for the wealthy.
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In effect, these are the rules about which country gets to collect tax on economic or corporate activity.
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He would do this in concert with a reduction in the amount of tax deductions that distort economic activity.
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