Download or read book Estimated Revenue Effects of the President s Tax Reform Proposal written by and published by . This book was released on 1985 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technical Explanation Estimated Revenue Effects Distributional Analysis and Macroeconomic Analysis of the Tax Reform Act of 2014 a Discussion Draft of the Chairman of the House Committee on Ways and Means to Reform the Internal Revenue Code written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2014 with total page 708 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimated Revenue Effects of the Tax Reform Act of 2014 written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2014 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimated Revenue Effects of H R 1 the Tax Cuts and Jobs Act written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2017 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimated Revenue Effects of Tax Reform Provisions Contained in the President s Proposal the House Bill H R 3838 and the Finance Committee Chairman s Proposal for FY86 FY91 written by and published by . This book was released on 1986 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimated Revenue Effects of H R 1 the Tax Cuts and Jobs Act as Ordered Reported by the Committee on Ways and Means on November 9 2017 Fiscal Years 2018 2027 written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2017 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technical Explanation Estimated Revenue Effects Distributional Analysis and Macroeconomic Analysis of the Tax Reform Act of 2014 a Discussion Draft of the Chairman of the House Committee on Ways and Means to Reform the Internal Revenue Code written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimated Revenue Effects of the Tax Provisions Contained in Title I of H R 1628 the Better Care Reconciliation Act of 2017 as Amendment in the Nature of a Substitute as Posted on the Website of the Senate Committee on the Budget on June 26 2017 Fiscal Years 2017 2026 written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2017 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimated Revenue Effects of the Tax Reform Option for Consideration by the Committee on Ways and Means for FY86 FY90 written by and published by . This book was released on 1985 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Analysis of the Tax Reform Act of 2014 written by Staff of the Joint Committee on Taxation and published by CreateSpace. This book was released on 2015-02-03 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document,1 prepared by the staff of the Joint Committee on Taxation (“Joint Committee staff”), provides an analysis of the macroeconomic effects of a proposal to modify both the individual and corporate income tax by broadening their tax bases and changing statutory tax rates. This analysis is based on the proposal as it corresponds to the estimates presented in Estimated Revenue Effects of the “Tax Reform Act of 2014” (JCX-20-14), February 26, 2014 (and described in Discussion Draft CAMP_041). The following analysis uses both an overlapping generations lifecycle model and the Joint Committee staff's Macroeconomic Equilibrium Growth model to simulate the macroeconomic effects of the proposal. In general, the lower effective marginal tax rates resulting from the combination of lower statutory tax rates and changes to the definition of taxable income provide an incentive for increased labor effort, and under some modeling assumptions for some years, increased business investment. Relative to present law, the policy provides an incentive for increased consumer purchases of goods and services by increasing after-tax income of households. This effect can be important when the economy is operating below full capacity. The extent of both supply and demand effects depends on the sensitivity of individual labor choices to changing effective marginal rates, the responsiveness of individual savings choices to changes in the after-tax return on earnings from investment, and the responsiveness of businesses to changing incentives for overall investment and the location of investment and taxable profits in the United States. In addition, the projected impacts of the proposal on the economy depend on assumptions about the monetary policy response by the Federal Reserve Board. In general, under most modeling assumptions, the proposal is projected to increase overall economic activity as measured by changes in gross domestic product (“GDP”) relative to the present law baseline over the 10-year budget period.
Download or read book Estimated Revenue Effects of the Chairman s Modification to the Expiring Provisions Improvement Reform and Efficiency Act of 2014 written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2014 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimated Revenue Effects of the Chairman s Mark of the Expiring Provisions Improvement Reform and Efficiency Act of 2014 written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2014 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Withholding and Estimated Tax written by and published by . This book was released on 1999 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimates of Federal Tax Expenditures written by United States. Department of the Treasury and published by . This book was released on 1975 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Budget and Economic Outlook written by and published by . This book was released on 2008 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Tax Reform written by Jane Gravelle and published by Createspace Independent Publishing Platform. This book was released on 2017-10-10 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest in corporate tax reform that lowers the rate and broadens the base has developed in the past several years. Some discussions by economists in opinion pieces have suggested there is an urgent need to lower the corporate tax rate, but not necessarily to broaden the tax base, an approach that presents some difficulties given current budget pressures. Others see the corporate tax as a potential source of revenue. Arguments for lowering the corporate tax rate include the traditional concerns about economic distortions arising from the corporate tax and newer concerns arising from the increasingly global nature of the economy. Some claims have been made that lowering the corporate tax rate would raise revenue because of the behavioral responses, an effect that is linked to an open economy. Although the corporate tax has generally been viewed as contributing to a more progressive tax system because the burden falls on capital income and thus on higher-income individuals, claims have also been made that the burden falls not on owners of capital, but on labor income. The analysis in this report suggests that many of the concerns expressed about the corporate tax are not supported by empirical evidence. Claims that behavioral responses could cause revenues to rise if rates were cut do not hold up on either a theoretical or an empirical basis. Studies that purport to show a revenue-maximizing corporate tax rate of 30% (a rate lower than the current statutory tax rate) contain econometric errors that lead to biased and inconsistent results; when those problems are corrected the results disappear. Cross-country studies to provide direct evidence showing that the burden of the corporate tax actually falls on labor yield unreasonable results and prove to suffer from econometric flaws that also lead to a disappearance of the results when corrected, in those cases where data were obtained and the results replicated. Many studies that have been cited are not relevant to the United States because they reflect wage bargaining approaches and unions have virtually disappeared from the private sector in the United States. Overall, the evidence suggests that the tax is largely borne by capital. Similarly, claims that high U.S. tax rates will create problems for the United States in a global economy suffer from a misrepresentation of the U.S. tax rate compared with other countries and are less important when capital is imperfectly mobile, as it appears to be. Although these new arguments appear to rely on questionable methods, the traditional concerns about the corporate tax appear valid. While an argument may be made that the tax is still needed as a backstop to individual tax collections, it does result in some economic distortions. These economic distortions, however, have declined substantially over time as corporate rates and shares of output have fallen. Moreover, it is difficult to lower the corporate tax without creating a way of sheltering individual income given the low tax rates on dividends and capital gains. A number of revenue-neutral changes are available that could reduce these distortions, allow for a lower corporate statutory tax rate, and lead to a more efficient corporate tax system. These changes include base broadening, reducing the benefits of debt finance through inflation indexing, taxing large pass-through firms as corporations, and reducing the tax at the firm level offset by an increase at the individual level. Nevertheless, the scope for reducing the tax rate in a revenue-neutral way may be limited.
Download or read book Brazil Tax Expenditure Rationalization Within Broader Tax Reform written by Maria Delgado Coelho and published by International Monetary Fund. This book was released on 2021-09-24 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The excessive complexity and burden of the Brazilian tax system, riddled by cumulative indirect taxes and heavy payroll contributions, have led to an accumulation of fiscal incentives aimed at reducing its burden on taxpayers and productive activities. Federal and subnational tax expenditures currently stand at over 5 percent of GDP. Rationalizing them can only be comprehensively feasible in the context of a broader sequenced tax reform, and could reduce resource misallocation and income inequality, as well as provide new revenues.
