By the way, the gross receipts tax is a part of the BPT.
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That means the gross receipts tax would never exceed 20 cents a gallon, no matter how high the price of gas goes.
Instead of a 1.5% tax on payrolls, or essentially workers, San Francisco firms will pay a gross receipts tax that varies according to industry.
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The tax increases will more than triple what the Democrats advocated, including a large new Value Added Tax (probably called a Business Receipts Tax).
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When Raburn told state officials that a 3% gross receipts tax on aircraft sales would kill any relocation deal, the legislature repealed the law in six days.
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.
Leaders of the Democratic majority in the legislature oppose the cap, although the legislature did stop a scheduled increase in the gross receipts tax from 7% to 7.5% that would have been effective July 1.
And tax receipts were 19.2% of GDP. (Tax receipts were higher at a 50% top rate than any time during the post-WWII era of 80% and 90% tax rates.) The top rate was cut to 38.5% in 1987 then 28% in 1988, and tax receipts were 18.4% and 18.2% of GDP.
But as the 1980s demonstrated, most of that hurt can be assuaged by the increased tax receipts the resulting tax-cut-induced prosperity furnishes.
Higher GDP brings with it higher state tax receipts, higher local tax revenues, and higher private incomes.
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May is traditionally a weak month for government receipts, following income tax receipts that are received in April.
In the good years, bumper bank profits inflated both corporation-tax receipts and the income-tax take from bonuses.
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Yet, because of this more rapid economic growth, total state tax receipts in the 9 no income tax states still grew 30% faster than in the top tax rate states.
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Yet, total state tax receipts in the nine no-income-tax states still grew 30% faster than in the top tax-rate states.
Even though state and local tax receipts are burgeoning, most officials are clamoring to get their tax claws on e-commerce.
Some or all of the lost tax receipts will be recouped through the extra growth stimulated by the tax cut.
Despite the "practical barriers" to income tax devolution, Mr Jones will say there may be scope for a system where part of the Welsh government's resources come from Welsh income tax receipts, but without the devolution of powers to vary income tax rates.
But we could also see a move to a halfway house of fiscal accountability on income tax too - perhaps nominally assigning a chunk of Welsh income tax receipts to the Welsh Government without the much thornier move towards tax varying powers - something the First Minister has long stressed would be a matter for another referendum.
The great advantage here is that the maximum number of employees will get tax receipts for their donations (in most countries you only get a tax receipt if you donate to the local chapter of your country) plus the local chapter is much better equipped to provide follow-up services to the donor.
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Tax receipts are gushing in--just as expected--from the 2003 tax cuts.
Corporation tax receipts fell by 27%, VAT revenues were down 18%, and income tax fell 11% compared with the same month in 2008.
Given the consistency of tax receipts as a percentage of GDP, growth obviously supersedes marginal rates as the driver of tax revenue.
Some of the fall is easily explained: the recession has inevitably cut tax receipts, and the collapse in share prices has reduced capital gains on which people pay tax.
In 1952, the highest rate was back at 92%, and tax receipts were 19% of GDP.
But long-term growth is central to generating the tax receipts to bring borrowing down.
Government tax receipts after supply side cuts have been enacted go up, not down.
Restore the financial system and the economy, spur growth and these tax receipts will reappear.
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A. hydrocarbon expansion would generate a flood of domestic jobs and government tax receipts.
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Since 1993, for example, federal tax receipts have grown 52% faster than personal income.
Then demand for its fire trucks and ambulances softened as municipalities coped with reduced tax receipts.
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