The most important stimulus not included in this approach is tax relief, which comprises over one-third of total spending plus tax cuts to date (CEA 2010).
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There are only three options: Congress would have to boost the debt ceiling, adopt a massive trillion dollar-plus tax increase, or slash the government by more than one-third.
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Mike Niemira, an economist at Bank of Tokyo-Mitsubishi, thinks that another cut in American interest rates, plus tax rebates, lower energy costs and less travel, may help to give consumers extra money to spend over Christmas.
At the same time, Clinton calls for measures that conservatives vehemently oppose, like higher individual taxes, including taxes on small-business owners, and a 12% payroll tax on high-income earners, plus tax increases on capital gains and dividends.
The many adjustments to income permitted by the tax code, plus alternative tax rates on the largest sources of income of the wealthy, explain why the average federal income tax rate on the 400 richest people in America was 18.11 percent in 2008, according to the Internal Revenue Service , down from 26.38 percent when these data were first calculated in 1992.
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With the conventional IRA, you owe tax on the IRA, plus any tax that may be due on selling the securities in the brokerage account.
Plus a tax credit to make a year of college more affordable.
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Plus, tax withholdings suggest that incomes are holding up nicely.
One defense against the underpayment penalty is to make sure that your tax payments for 2006 (from withholding plus estimated-tax payments) add up to at least 110% of your 2005 tax bill.
If you get caught, you will be responsible for paying the tax plus interest and penalty.
Plus, the tax code is a wonderful place to hide favors for special interests.
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If there are six officers, the IRS can simultaneously try to collect the tax plus 600 percent from the officers!
In 2013 this number is calculated by a 20% capital gains tax plus 3.8% for Obamacare and an additional 1.2% for deduction phaseouts.
Pitfalls to Avoid: You may have to pay a tax plus a 10% penalty if you withdraw the money for something else.
That 80 cents consists of the real resources people use to evade and avoid the tax plus the misallocation of resources that is cause by taxation.
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Grandma retains control of the account, and can retrieve the money if she needs it, by paying income tax plus a 10% surcharge on any earnings.
If you end up leaving your job before repaying the loan, you may also end up owing a tax plus a 10% penalty on the remaining balance.
Even if you do take those profits out, you'll still be better off--paying a 15% corporate tax plus a 15% dividend rate--which works out to a combined 27.75%.
IRA-plus (not tax-deductible, but with tax-free withdrawals on retirement), or they can roll their savings over from one account to another, or can take out money early to buy a house or pay for college.
Hennepin County's Johnson notes that if there were a uniform tax system, a simple software program that includes a base state tax rate plus local options could be used by businesses to easily calculate and administer sales tax.
On top of that there will be (for high-bracket savers) a 3.8% investment tax surcharge plus a clawback of deductions that effectively adds 1.2 percentage points to the stated tax rate.
Only Jersey, Hong Kong and Guernsey had identifiable flat tax systems, plus a few other places like Singapore with similar tax regimes.
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In the event, they have settled for banning sales of drink for less than the tax paid on it (alcohol duty, plus VAT, a consumption tax).
The "Tartan Tax" - plus or minus a maximum of 3p of income tax, levied upon the standard rate only, not the upper rates - was simply too limited for credible use.
The state imposes a tax of 25 cents a gallon at the pump plus a 7% gross receipts tax on the sale of gasoline at the wholesale level.
Some funding is being provided for re-training, plus information workshops on tax and pensions.
This year the federal capital gains rate is 15% plus a Virginia state tax rate of 5.75%.
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Offshore-account holders must pay a lump sum to make up for unpaid taxes, plus an annual withholding tax.
The cure was a tax cut plus more defense spending, which in the short term led to higher deficits.
Plus, several income tax forms that you might not read until near return filing make explicit reference to Forms 1099.
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