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The Revenue Act of 1942, which included a steeply progressive income tax, broadened the tax base: before long, eighty-five per cent of American families were filing a return.
Indeed, it's the Fair Tax, broadened to include consumption of housing services.
Similar(58)
His pledges to declare a fiscal state of emergency if elected governor, rein in spending and reduce property taxes broaden his appeal to independents, Democrats said.
We must pursue fundamental tax reform that simplifies the tax code, broadens the tax base, and lowers tax rates.
Lew called for comprehensive business tax reform to lower the US corporate tax rate, broaden the tax base, close loopholes and simplify the tax system.
Other countries have responded to a similar lack of competitiveness by lowering marginal-tax rates and scrapping tax breaks, broadening the tax base and simplifying the system.
Its purpose was to simplify the tax code, broaden the tax base, and eliminate many tax shelters and preferences.
It might have used the opportunity provided by the end of the Bush tax cuts to embark on a long-overdue reform of the tax code, broadening the tax base and making the system simpler and more efficient.
The plan's supporters argue that the tax would broaden the tax base, that it would be progressive, and that it would decrease tax burdens and start taxing wealth (reducing the economic gap).
Following the Tax Reform Act of 1986, the base of the corporate income tax was broadened but the top rate was slashed by 12 percentage points, from 46% to 34%, the biggest cut since the tax was introduced in 1909.
In 2010 the tax was broadened and raised to 6%.The consensus in favour of capital mobility has always been less clear-cut than that in favour of free tradeBrazil's central bank has made it clear that foreign investment is still welcome.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com