For example, if two similar families have the same income, they should ordinarily pay roughly the same amount of income tax, regardless of the sources or uses of that income".
Moreover, this yield enjoyed by the investor on the government loan is tax free since the source of the loan repayment is a reduction in federal taxes, which is not taxable income.
Supporters of such land-value taxation suggest it could ultimately replace traditional taxes as the source of public revenue, thus increasing the capacity of the economy to generate wealth, as well as ensuring its more equitable distribution.
Under the CCL proposal, carbon pollution is taxed at the source, and 100% of the revenue is returned to taxpayers via a regular rebate check.
Pennsylvania reintroduced a similar bill the Property Tax Independence Act two months before Brenner's move; this has the similar goal of eliminating local property taxes as the source for school funding, but differs in how the new funding will be made up.
Bottrill died on 4 May last year – at a time when the bedroom tax was the source of huge controversy.
Brighter-than-expected tax forecasts are the source of much of the city's optimism.
These rich yahoos ignore (or lie) about the fact that the payroll tax only is levied on the first $100K in income, and that capital gains taxes -- the source of a disproportionate share of income for those at the tippity top -- is taxed at a rate much, much, lower than the marginal rate, and so on and so on.
Labour MPs claim that it is a test of David Cameron's commitment to open government that Lord Ashcroft's tax status and the source of his donations should be made known.
And, at the same time, let's make the carbon tax the source of the trust fund.
(Go to Article) Â An article in Business Day on Wednesday about an agreement by Senate and House negotiators on a bill that would create more than $100 billion in corporate tax breaks misstated the source of funds for a $10 billion buyout for tobacco farmers.
