Without a stronger domestic economy, growth will not generate enough tax revenue to reduce the debt.
This boost will generate more tax revenue than will be temporarily reduced with allowing more tax losses.
If the government really wanted to generate more tax revenue, the lowest hanging fruit is probably the corporate income tax, which, at 35 percent, is the highest in the world.
There is no way either side can generate enough tax revenue, jobs or wealth (either through increased spending or even privatization) to accomplish what they seek with the Federal Reserve accepting over 10.5 million people out of work as a new fact of life or baseline for economic growth and tax revenue projections.
FORBES: The Fed's New NAIRU: Evil Enough To Unite Democrats And Republicans
The city embarked on the Town Center project to generate more sales tax revenue.
What you must do is ask yourself these questions: Given growing concern about exploding federal deficits, does a particular tax policy generate enough revenue to fund the government you want?
FORBES: Scoring Tax Reform: Budget Baselines Don't Really Matter
But obviously, a maximum rate of 25% would generate significantly less gross tax revenue than the current system, which contains a top rate of 39.6% (actually, over 44% when factoring in Obamacare and the repeal of the PEASE limitation on itemized deductions).
FORBES: Tax Aspects Of Paul Ryan's FY 2014 Republican Budget Proposal
As with any excise tax, the amount of revenue a weed tax could generate is a function of four big things: The tax rate, supply, demand, and price.
FORBES: Dude, Would Legalizing And Taxing Weed Solve Our Budget Woes?
The Tax Reform Act of 1986 basically cleaned out bloated tax benefits, like the Investment Tax Credit, as a way to generate enough revenue to allow for a significant lowering of marginal tax rates.
It would pair targeted spending cuts with repeal of some tax loopholes to generate additional revenue.
To top it off, a soda tax would generate billions in revenue.
FORBES: If Soda Tax Can Make It In NY It Can Make It Anywhere
The President believes that that tax reform should generate revenue from the well-off and well-connected to contribute to the cause of deficit reduction.
The healthcare and criminal justice costs associated with alcohol and tobacco far surpass the tax revenue they generate, and little of the taxes collected on these substances is contributed to the offset of their substantial social and health costs.
WHITEHOUSE: Strengthen Efforts to Prevent Drug Use in Our Communities
But he said that the government would need to control expenses, especially on subsidies such as diesel and fertilizers - mainly non-urea, and expand the tax base to generate more revenue to be able to meet fiscal objectives over the long run.
WSJ: IMF: India Should Resolve 'Bottlenecks' in Power, Infrastructure for Growth
Buckley, now a law professor at Georgetown University, warned that dumping these tax breaks will probably generate far less revenue than proponents hope, both because of a slow transition and because high-income taxpayers will find other ways to shelter income.
This provision currently grants our multinationals an income tax deduction on the revenue they generate overseas, thus avoiding double-taxation.
Broadening the personal income-tax base by closing loopholes will generate substantial additional revenue while minimizing increases in marginal rates that could stifle risk-taking and robust growth.
WSJ: Lloyd Blankfein: The Business Plan for American Revival
An important question is whether the two sides can reach an understanding on how to use the revenue that a tax-code rewrite could generate.
An important question is whether the two sides can reach an understanding on how to use the revenue that a tax-code rewrite would generate.
Generate the same amount of revenue with a flat personal income tax of 9%, a corporate flat tax of 9% and a consumption tax of 9%.
The idea behind this plan was to generate roughly the same 18.5%-of-GDP of tax revenue, but in a way that was much more friendly to the economy.
FORBES: Thoughts On The Recently Completed Debt-Ceiling Agreement
So, kickstarting the economy into long-term sustained growth with pro-growth tax policy, reduced government waste and other economic incentives will generate more revenue than will increasing capital gains taxes, which would discourage such economic growth.
But given the tremendous trading volume, a tax rate of even a few basis points could potentially generate a boatload of revenue.
We also double tax multinationals they are taxed in the country where they generate revenue, and then again when that cash is brought back to the U.S. This causes most foreign earnings to be reinvested outside the U.S. rather than being brought back for domestic investment.
Third, emphasize that the plan aims to generate the same 8%-of-GDP in revenue as our existing income tax.
FORBES: Rick Perry Joins The Flat Tax Brigade, Is A Strong Dollar Next?
Currently, dual-capacity tax treatment allows our energy companies an exemption from U.S. income taxes on the revenue they generate overseas, thus protecting against double-taxation of that foreign income.
FORBES: Obama Tax Proposal Hands China The World On A Platter
By dealing with the revenue question piecemeal, the deals have wasted political capital that might otherwise be spent convincing Republicans that they could accept more in tax revenue overall, if that came in return for a real overhaul of the tax code that would generate more economic growth.
应用推荐