Given the massive inefficiencies the government creates in securing resources from the private sector, there may also be a large negative income effect over wide ranges of stimulus spending.
WSJ: Arthur B. Laffer: Unemployment Benefits Aren't Stimulus
The most fruitful reform, notes Lardy, would be to end financial repression by liberalizing interest rates, which would increase real rates on deposits, thereby decreasing saving if the income effect is strong, and increasing consumption.
The monies spent by the government on anything (whether sensible or not), or by citizens and companies to conform to government regulations and policies, exert an income effect that reflects the direct correlation between wealth and health.
There likely would have been no state income tax effect either, if Mr. Olsheim had lived in New York.
The key conclusion of this theory is that transitory, short-term changes in income have little effect on consumer spending behavior.
FORBES: Obama's Temporary Stimulus Measures Vs. Milton Friedman
Net income did decline 95% because of the effect of other income.
If higher capital gains and income taxes go into effect, the tax-deferred accounts will become much more attractive.
The effect of income, as in other studies, is small and statistically weak.
They cannot know what the investment return of a pension will be, or the final income, or the effect of inflation.
Congress decided to let all married couples, in effect, income split.
Meanwhile, in the South, watch for a zero-income-tax domino effect.
Since a large chunk of the dividend is not income at all but, in effect, just your own money coming back to you, it currently isn't taxed as income.
That would include the 3.8% Medicare tax on investment income of high income taxpayers scheduled to take effect in 2013.
Caps on bankers' pay, if they could be rigorously enforced, would probably have the effect of redistributing income from banks' employees to their shareholders.
ECONOMIST: The parallels between footballers�� and bankers�� rewards
The changing income pattern is not reflecting economic effects, but the effect of the demographic change of more lower income earning single households replacing higher income earning married households.
The effect on the income statement is absolutely immaterial by deconsolidating Alipay because the current financials and economic flow is really captured in Taobao and that will remain going forward and be consolidated.
FORBES: Why Did ISS Recently Advise Yahoo! Shareholders to Re-Elect the Board?
This was in spite of his calculations not including the effect of the corporate income tax.
FORBES: Buffett, Bettencourt, Now the Germans Are Calling for Higher Taxes
One would allow an unlimited exemption for saving, in effect turning the current income tax into a consumption tax.
However, separate data suggested US consumer confidence took an unexpected knock in January, as rises in income and payroll taxes came into effect.
Economist Philip McDonagh said anyone who did relocate from London would help the Northern Ireland economy because of the multiplier effect attached to their income.
Egypt earns most of its foreign income from what are, in effect, rents from sources such as oil, plus tourism, Suez Canal tolls, migrants' remittances and external aid.
ECONOMIST: Egypt's economic misfortunes, miseries and mistakes
According to a poll by The Economist, 79% of respondents say that they who would support political reforms combating climate change if those changes had no effect on their real income.
FORBES: Climate Change Policies OK, So Long As It's Tax Free, Poll Says
It is reasonable to assume that a tax rate change limited to a small group of taxpayers at the top of the income distribution would have a negligible effect on economic growth.
FORBES: Academics Have Spoken, And Obamanomics Is The Path To Slow Growth
When they looked at correlations between a man's income and his height at the ages of seven, 11 and 16, as well as his adult height, Dr Persico and his colleagues found that all of the effect of height on income was actually attributable to height at the age of 16.
The typical program structure ties premium costs for the enrollee to income as a percentage of the poverty level, which, in effect, creates a sliding subsidy scale offering more support to low income individuals.
FORBES: ObamaCare's Fuzzy Math: High Risk Pools Will Cost 8 Times What Is Budgeted
This means the 2013 increases in the Medicare income and employment taxes are now in effect.
FORBES: What the New Tax Law Really Means and New 'Tax Price Points'
Even a small decline in growth can have a large impact on future income and wealth, because of the effect of compounding.
FORBES: Jeffrey Sachs Has It Backwards: The State Is Asphyxiating the People
But Estonia cut its contribution to private-sector pensions, in effect reducing the future retirement income of today's workers, while Poland has been considering similar proposals.
The report looks at elements of the system of state support which have the effect of cutting a family income in real terms, as a second earner works more.
That means, among other things, that if trust assets are sold at a gain, you personally--not the trust--pay income taxes on that gain, in effect making additional gifts to your heirs.
应用推荐