Download or read book The Bush Capital Gains Tax Proposal written by Donald W. Kiefer and published by . This book was released on 1989 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book False Promises written by Kevin Quinn and published by . This book was released on 1990 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bush Tax Cuts and the Economy written by Thomas L. Hungerford and published by DIANE Publishing. This book was released on 2011 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. A series of tax cuts were enacted early in the George W. Bush Admin. These tax cuts, known as the Bush tax cuts (BTC), are scheduled to expire at the end of 2010. The major tax provisions that are part of the current debate over the BTC are: reduced tax rates, reduction of the marriage penalty, repeal of the personal exemption phaseout and the limitation on itemized deductions, reduced tax rates on long-term capital gains and qualified dividends, and expanded tax credits. Contents of this report: (1) Economic and Budgetary Environment; (2) Revenue Loss and Distributional Effects from the BTC Provisions; (3) Options Regarding the BTC: Obama Administration Proposal; Temporary Extension of Some or All BTC Provisions. Charts and tables.
Download or read book Statements on Economic Effects of Changes in the Taxation of Capital Gains written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1978 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Gains Tax Reform written by United States. Congress. House. Committee on Small Business and published by . This book was released on 1995 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Simple Fair and Pro growth written by United States. President's Advisory Panel on Federal Tax Reform and published by . This book was released on 2006 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The official account of the advisory panel formed by Presi-dent George W. Bush to identify major problems in the U.S.Federal Tax Code and to recommend options to make the codesimpler, fairer and more conducive to economic growth. Thepanel's report was submitted to U.S. Secretary of the Trea-sury John W. Snow on Nov. 1, 2005. Chaired by Connie MackIII, the panel recommended 2 reform options: the SimplifiedIncome Tax Plan & the Growth & Investment Tax Plan.
Download or read book How Should Congress React to Bush s Tax Proposals written by Thompson, Jr. (Samuel C.) and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this report, Thompson argues that Congress should reject many of President Bush's February 2007 tax proposals and instead (1) return to the pre-2002 rate structure for high-bracket taxpayers, while making permanent tax relief for low- and middle-income taxpayers, (2) provide permanent relief from the alternative minimum tax for middle-income taxpayers by adding 45 percent and 50 percent brackets for taxpayers with super-high levels of income, (3) tax dividends at ordinary income rates with appropriate relief for low-bracket taxpayers, (4) reinstate the maximum 20 percent rate for capital gains of high-bracket taxpayers, (5) reinstate the estate tax with a $4 million exemption and an increase in the marginal rates for large estates, (5) codify the economic substance doctrine, and (6) adopt a current imputation system of taxation for controlled foreign corporations.
Download or read book The Benefit and The Burden written by Bruce Bartlett and published by Simon and Schuster. This book was released on 2012-01-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A spirited and insightful examination of the need for American tax reform—arguably the most overdue political debate facing the nation—from one of the most legendary political thinkers, advisers, and writers of our time. A thoughtful and surprising argument for American tax reform, arguably the most overdue political debate facing the nation, from one of the most respected political and economic thinkers, advisers, and writers of our time. The United States Tax Code has undergone no serious reform since 1986. Since then, loopholes, exemptions, credits, and deductions have distorted its clarity, increased its inequity, and frustrated our ability to govern ourselves. At its core, any tax system is in place to raise the revenue needed to pay the government’s bills. But where that revenue should come from raises crucial questions: Should our tax code be progressive, with the wealthier paying more than the poor, and if so, to what extent? Should we tax income or consumption or both? Of the various ideas proposed by economists and politicians—from tax increases to tax cuts, from a VAT to a Fair Tax—what will work and won’t? By tracing the history of our own tax system and by assessing the way other countries have solved similar problems, Bartlett explores the surprising answers to all of these questions, giving a sense of the tax code’s many benefits—and its inevitable burdens. Tax reform will be a major issue debated in the years ahead. Growing budget deficits and the expiration of various tax cuts loom. Reform, once a philosophical dilemma, is turning into a practical crisis. By framing the various tax philosophies that dominate the debate, Bartlett explores the distributional, technical, and political advantages and costs of the various proposals and ideas that will come to dominate America’s political conversation in the years to come.
Download or read book Economic and Revenue Effects of Permanent and Temporary Capital Gains Tax Cuts written by and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 107th Congress proposals were made to enact either a temporary or a permanent capital gains tax cut. The former would probably gain revenue in the first 2 years but lose that revenue and more, most likely within the following 3 years. H.R. 3090, passed by the House, would lower the top tax rate from 20% to 18% for assets held at least a year. The Senate Finance Committee version of H.R. 3090, did not reduce capital gains taxes. President Bush's current dividend relief proposal contains some capital gains relief as well. A capital gains tax cut appears the least likely of any permanent tax cut to stimulate the economy in the short run; a temporary capital gains tax cut is unlikely to provide any stimulus. Permanently lower capital gains taxes can contribute to economic efficiency in some ways and detract from it in others. Capital gains tax cuts would favor high income individuals, with about 80% of the benefit going to the top 2% of taxpayers. This report will be updated to reflect legislative developments.
Download or read book Revenue Effects of Major Tax Bills written by Tempalski and published by CreateSpace. This book was released on 2015-01-03 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the federal income tax was significantly expanded in 1940, several dozen major tax bills have been enacted. Inevitably, discussions (and disagreements) have arisen concerning the relative size of the bills effects on federal revenues.This paper uses revenue estimates from Treasury and the Joint Committee on Taxation to compare the relative size of the revenue effect of the major tax bills enacted after 1939 using four different measures. An appendix provides a short list of the major provisions in the bills.
Download or read book U S Economy and Proposals to Provide Middle income Tax Relief Tax Equity and Fairness Economic Stimulus and Growth February 4 5 and 6 1992 written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1992 with total page 970 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Payout Policy written by Harry DeAngelo and published by Now Publishers Inc. This book was released on 2009 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Payout Policy synthesizes the academic research on payout policy and explains "how much, when, and how". That is (i) the overall value of payouts over the life of the enterprise, (ii) the time profile of a firm's payouts across periods, and (iii) the form of those payouts. The authors conclude that today's theory does a good job of explaining the general features of corporate payout policies, but some important gaps remain. So while our emphasis is to clarify "what we know" about payout policy, the authors also identify a number of interesting unresolved questions for future research. Corporate Payout Policy discusses potential influences on corporate payout policy including managerial use of payouts to signal future earnings to outside investors, individuals' behavioral biases that lead to sentiment-based demands for distributions, the desire of large block stockholders to maintain corporate control, and personal tax incentives to defer payouts. The authors highlight four important "carry-away" points: the literature's focus on whether repurchases will (or should) drive out dividends is misplaced because it implicitly assumes that a single payout vehicle is optimal; extant empirical evidence is strongly incompatible with the notion that the primary purpose of dividends is to signal managers' views of future earnings to outside investors; over-confidence on the part of managers is potentially a first-order determinant of payout policy because it induces them to over-retain resources to invest in dubious projects and so behavioral biases may, in fact, turn out to be more important than agency costs in explaining why investors pressure firms to accelerate payouts; the influence of controlling stockholders on payout policy --- particularly in non-U.S. firms, where controlling stockholders are common --- is a promising area for future research. Corporate Payout Policy is required reading for both researchers and practitioners interested in understanding this central topic in corporate finance and governance.
Download or read book War and Taxes written by Steven A. Bank and published by The Urban Insitute. This book was released on 2008 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction: This book explores the long history of American taxation during times of war. As political scientist David Mayhew recently observed, since it's founding in 1789, the United States has conducted hot wars for some 38 years, occupied the South militarily for a decade, waged the Cold War for several decades, and staged countless smaller actions against Indian tribes or foreign powers. The cost of these activities has been immense, with important and lasting consequences for the tax system, the economy, and the nation's political structure. By focusing on tax legislation, we hope to identify some of these consequences. But we are not interested in simply recounting statutory details. Rather, we hope to illuminate the politics of war taxation, with a special focus on the influence of arguments concerning "shaped sacrifice" in shaping wartime tax policy. Moreover, we aim to shed light on a less examined aspect of this history by offering a detailed account of wartime opposition to increased taxes.
Download or read book A Guide to the GOP Tax Plan written by David A. Weisbach and published by . This book was released on 2017 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax reform plan - A Better Way - put forward by the chairman of the House Ways and Means Committee Kevin Brady and the Speaker of the House, Paul Ryan would be the most substantial tax reform in the United States since the enactment of the income tax in 1913. At the corporate level, the reform would allow immediate expensing of investments, deny deductions for net interest expense, and eliminate the taxation of income from sales in foreign countries while taxing the full value of imports (together shifting the tax base to a destination basis). At the individual level, the system would tax capital income including interest, dividends, and capital gains at half the rate that wages and salaries are taxed. It would also repeal the estate and generation skipping taxes. These changes would go a long way toward shifting the tax system to taxing consumption rather than income. This paper considers the implementation of the House GOP tax plan and addresses issues that will need to be resolved if the plan is to work as intended. The plan is based on, and builds off of, a long history of thinking about consumption taxes. To understand the basic choices made in the plan, it is helpful to understand this history and how consumption taxes work in general. The paper provides a nutshell version of this history. It shows that the plan is essentially the same as the proposal put forward by the tax reform panel convened by President Bush in 2005 known as the Growth and Investment Tax. That plan, in turn, was a modification of two similar consumption tax proposals, the Flat Tax and a closely related plan known as the X-tax. And these proposals are modifications of the standard VAT used throughout the world. Understanding how VATs work and the issues they raise, as well as the reason for the various evolutions in the proposals allows us to understand the central issues that will arise in implementing the Brady plan. After summarizing this history, the paper turns to the issues that will need to be resolved to implement the plan, focusing on eight sets of issues: (i) the design of the business tax; (ii) the relative tax rates for corporations, partnerships, labor income, and the capital income of individuals; (iii) international tax issues; (iv) the taxation of financial instruments and institutions; (v) the taxation of corporate transactions such as mergers and acquisitions; (vi) deferral and the functioning of the individual-level tax on capital income; (vii) issues relating to the individual tax base such as the mortgage interest deduction; and (viii) problems of transition. Some of the problems in the current draft of the Brady plan, such as inconsistencies in the design of the corporate tax, are easily fixed. Some problems, such as the treatment of pass-through entities and the taxation of major corporate transactions, can be improved with modest substantive changes. Others, such as the taxation of financial institutions, will require substantial effort to get right, but approximate solutions exist. Finally, some issues, such as the taxation of capital income at the individual level, will not be readily fixed. The basic structure of the plan may not be workable for these issues and resolution of these issues might require structural changes to the plan. Overall, I believe that a system following the contours of the House GOP tax plan can be made to work, but solving the implementation problems will take time, effort, and compromises.
Download or read book Revenue Proposals Contained in the President s Budget for Fiscal Year 1990 written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1989 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Flat Tax written by Robert E. Hall and published by Hoover Press. This book was released on 2013-09-01 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new and updated edition of The Flat Tax—called "the bible of the flat tax movement" by Forbes—explains what's wrong with our present tax system and offers a practical alternative. Hall and Rabushka set forth what many believe is the most fair, efficient, simple, and workable tax reform plan on the table: tax all income, once only, at a uniform rate of 19 percent.
Download or read book Brookings Papers on Economic Activity Spring 2017 written by Janice Eberly and published by Brookings Institution Press. This book was released on 2017-10-10 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.
