"I would be very cautious about any bill that basically taxes someone's entire income," notes Rep. Scott Garrett, R-N.J., the top Republican on the House panel.
Inputs are identified by two subscripts: the first takes the values 1, …, g, for commodities, g + 1, for primary factors, and g + 2, for "other costs" (basically, taxes and subsidies on production); the second subscript identifies the source of the input, being it from domestic region b (1b) or imported (2), or coming from labor (1) or capital (2).
Finally, why should we believe that Romney's policies — basically tax cuts for the rich, as usual — would yield great economic results?
The rules vary but basically tax scofflaws are told that if they pay what they owe within a specific period of time, penalties, interest and punishment will be waived.
Mr. Bush has not provided specifics on what he means by "fundamental tax reform," but many Republicans and some of his campaign advisers view his call as one that would replace the income tax with a system that would basically tax personal consumption, effectively eliminating levies on investment and savings.
During his peak years as a writer, F. Scott Fitzgerald lived in a basically tax-free world and averaged about $165,000 a year in today's dollars, but was chronically unable to get through the month without borrowing from his literary agent or, on occasion, his mother.
Basically, tax credits lower your tax amount, dollar for dollar, whereas tax deductions reduce your taxable income.
In Hong Kong as one of the fast-growing economic cities in Asia, all residents are entitled to enjoy highly subsidized health care provided by public hospitals and health clinics which are basically tax-funded like many other ex-colonies in the British Commonwealth [ 38].
He then said: "Those who want to revoke the tax cut, basically raise taxes, are those who just don't share my view.
So long as prices are stable and the tax is basically a tax on realized income and does not require an assessment to be made of accrued but unrealized capital gains and losses, the income tax is generally held to be easier to administer than either an expenditure tax (a tax on spending) or a wealth tax (a tax on one's worth as opposed to a tax on one's earnings).
Basically, high taxes on fuel are more than offset by lower general sales taxes and income taxes -- and any reduction in fuel taxes would eventually have to be matched by increases in other taxes.
