In fact it is a pity that the owners of these companies, who generate the main economic income in most of these countries, are foreigners.
But we would ensure for once that the very richest among us pay at least some income tax on the economic income they have earned and can spend.
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We would finally level the playing field between founders and investors (who escape all tax on their unrealized appreciation) and wage earners (who are subject to current tax at ordinary income rates on all of their economic income, except what little they can put into tax-deferred retirement plans).
Economic net income includes unrealized gains from investments and accounts for the mark-to-market value of its buyout holdings and excludes other costs.
Keep in mind though that so-called economic net income is a metric used primarily by private equity firms like KKR, Carlyle and others which they say better reflects their performance.
Yet, the taxes and other exactions used to take those resources have reduced economic activity and income so much that the private sector can no longer fund current government outlays.
In other economic news, personal income grew 0.3% last month, lower than expected.
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But last year, thanks to an economic slowdown, this income, really a disguised subsidy, fell by almost two-thirds.
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Such analysis has triggered a wide-ranging debate about the broader social and economic consequences of greater income inequality.
By that I mean, when there is an economic expansion, household income rises and as a reaction they spend more money.
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Indeed, the economic hardships of low income Americans may only be worsened as a result of these very same loose monetary policies.
Hunters, anglers, campers and bird-watchers are now seen as an economic resource, generating income for rural Texas with little damage to the environment.
"It follows that economic development and personal income must not account for the happiness that they are so often linked to, " the academics note.
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.
After more than a year of deep analysis and countless meetings with partners, we refined our strategy: expanding financial inclusion and economic empowerment for lower income individuals and families.
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Urban areas generate the largest improvement numbers thanks to two key economic factors: high income and steep home prices, both of which tend to be more common in cities.
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However, the tax laws and the recent economic stimulus address household income on a national level and do not take into account the cost of living by state, as far as I know.
The new circuit was devised by the world governing body the IAAF in an attempt to rejuvenate interest in athletics, which is facing increased competition from other sports, and in an economic climate of dwindling income.
The literally graceful and ballerina-like Warren, a creative writer, knew from her experience in Haiti where she had worked on economic development projects that income and jobs were the key to lifting the Ghanaians out of poverty.
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The changing income pattern is not reflecting economic effects, but the effect of the demographic change of more lower income earning single households replacing higher income earning married households.
As for the World Economic Forum itself, one of its pre-Davos reports identifies growing income inequalities as a threat to economic and social stability.
As my colleague Annie Lowrey writes, there is growing evidence that income inequality impedes economic growth.
The mismatch of tight labor markets, rising income and no economic growth likely represents an ultimately unsustainable situation.
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My first proposal would provide better information about income and thus economic growth.
Beginning in the 1970s, economic growth slowed and the income gap widened.
This concept is embodied in U.S. economic policy through the Earned Income Tax Credit, introduced in 1975 under Republican President Gerald Ford.
The conventional wisdom is that high taxes on returns to capital are damaging to economic growth taxes on labour income not so much.
Republican governors in states such as Ohio, Nebraska and Louisiana argue income taxes impede economic growth and discourage businesses from locating in their states.
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Combine that with each city's 2009 economic prognosis for unemployment and income, and it's tough to see current ticket prices being sustained much longer.
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