Since 2003, the after-tax cost of raising debt has been much lower than the cost of issuing shares, even in the more expensive high-yield market.

自2003年以来，举债的税后成本已经比发行股票，甚至是在更昂贵的高收益市场上发行股票的成本要低很多。

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Furthermore, his planned tax rises on high earners may well yield less revenue than he hopes.

此外，他计划对高收入者增加税收，这产生的收入少于他的预计。

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In addition, high tax rates will quickly translate into fewer new business ventures that could yield more jobs and better products to consumers in the United States and abroad.

此外，高税率还会很快导致更少的创业企业，而创业企业原本能创造更多的工作机会、为美国和世界消费者提供更好的产品。

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This is just one example of a myriad of tax planning techniques that can yield major tax benefits for both the owner and the company.

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The IRS only audits about 1 percent of tax returns each year, so the agency tries to pick returns that are most likely to yield additional tax money.

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This is nontaxable, so 75% of its current 6.7% yield is tax free.

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