Sentence examples for exceeding tax from inspiring English sources

THANKS mainly to low unemployment, Germany keeps exceeding tax forecasts, with receipts that other European countries must envy.

Social Security costs will exceed tax revenues starting in 2017, they said.

He has set himself a "golden rule" that over the cycle current spending must not exceed tax revenues.

As the article reported, state spending will exceed the amount budgeted but will not exceed tax revenues; there is no deficit.

Japan's tax base has shrunk amid the bad economy, and government borrowing is set to exceed tax revenue for a third consecutive year.

"Benefit payments are expected to exceed tax revenue for the first time this year, six years earlier than was projected last year," said Treasury Secretary Timothy F. Geithner.

The tax shortfall will probably push new government bond issuance to 53.5 trillion yen this year, he said, the first time the deficit would exceed tax revenue since immediately after World War II.

Social Security expenditures are expected to exceed tax receipts this year for the first time since 1983.

If the credit exceeds taxes owed, families can receive some or all the balance as a refund, known as the Additional Child Tax Credit (ACTC) or refundable CTC.

Treating the $2.8 trillion as a Trust Fund available to pay benefits when benefits owed exceed taxes coming in accurately reflects current law.

For tax year 2004, 3 million families will pay an extra $18 billion under the AMT that is, their obligations under the AMT exceed taxes figured the regular way by $18 billion.