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In 2002, 19 states increased cigarette taxes, generating $2.9 billion in new funds.
Similar trends of corporate taxes generating a shrinking share of the state's costs hold in the UK.
Those in favor of the Carmichael coal mine argue that it would raise some AU $22 billion [$16.7 billion USD] through revenue and taxes, generating 10,000 jobs.
And as Tim Worstall points out, not only would the financial transaction tax be an immediate burden on owners of capital, the long-run effects of lower asset prices and higher costs of capital would actually result in other taxes generating less revenue, such as capital gains and income taxes.
Similar(56)
The introduction of these taxes generated a huge polemic nationwide.
Taxes generate the great bulk of the national revenue.
In 1993, 1994 and 1995, these Superfund taxes generated more than $2 billion a year.
Property taxes generate more than one-fifth of the city's annual budget.
Taxes generated 23.7% of its income while oil and gas sales made up 27.7%.
By 2009, payroll taxes generated more than six times as much revenue.
The gain would have been realized through sales taxes generated from the project and new property taxes from the development.
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CEO of Professional Science Editing for Scientists @ prosciediting.com