This would leave him with 3% less real purchasing power than he has under the current tax system.
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We found that the overall impact was progressive: low-income families come out better than they do under the current tax system.
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Ideally, you determine special tax breaks by first deciding on the right benchmark and then measuring how the current tax system deviates from that ideal.
He believes the current tax system to be complex and unfair, and he suggests replacing it with either a flat tax or a national sales tax.
The choice between the current tax system and the Perry plan will be a no-brainer for the very rich, who would do much better under his system.
Unlike the second-tier Republican candidates, Messrs Forbes, Keyes and Bauer, who all favour some kind of radical shift towards a flat tax or national sales tax, the front-runners have few ideas for reforming the current tax system.
There are flaws in the current income tax system no one can deny.
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They could also challenge some of the underpinnings of the current European tax system as it is used by businesses.
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The current sales tax system is outdated, complicated and flawed.
Under the current international tax system, there is generally no U.S. tax imposed upon the earnings of Foreign Co. until the earnings are repatriated to the U.S through a distribution to X Co.
No Republican, not even Ron Paul, is going beyond the status quo to insist that top marginal tax rates must be cut by at least a third (ideally scrapping the current income-tax system altogether and replacing it with a pro-growth, low-single-rate tax system that does not punish saving, investing and entrepreneurial risk-taking as the current progressive income tax does).
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Premier Charest said during the debate over the weekend that he believed the current royalty and tax system was fine.
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Your argument loses even more of its steam when bumped up against the reality of the current very progressive tax system.
Do away with the current seven tax rate system applied to individual taxpayers, which currently ranges from 10% to 39.6%, and replace it with only two rates: 10% and 25%.
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The Healthy Americans Act I am currently co-sponsoring represents a complete break with the past as far as legislative initiatives are concerned--the past is nibbling around the edges of the current system--and this act says we are going to break with the current system by changing the tax laws and allowing the individual to purchase their own plan.
Forbes investment editor, Janet Novack, has a smart essay about how the complexity of our current tax system makes any efforts at simplified filing problematic.
First, he demonstrates a complete lack of familiarity with the flat tax and seemingly assumes that tax reform simply means imposing one rate on the current system.
On Thursday, a coalition of 14 business organizations including the U.S. Chamber of Commerce, Financial Services Roundtable, Consumer Electronics Association and the Organization for International Investment sent a letter to members of Congress urging them to oppose the measure, saying it violates the current system of U.S. tax treaties.
The EPS strategy would also expand the current investment tax credit to 30% of the total CHP system cost.
From the end of April, the current system of working-age benefits and Tax Credits will be gradually replaced by a new benefit called universal credit.
Yes, sales tax rates could rise, but so could income tax rates under the current system.
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He also calls for ending the current American system of seeking to tax U.S. multinationals on their overseas earnings.
But obviously, a maximum rate of 25% would generate significantly less gross tax revenue than the current system, which contains a top rate of 39.6% (actually, over 44% when factoring in Obamacare and the repeal of the PEASE limitation on itemized deductions).
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The bottom line of our investigation is that some multinationals use our current tax system to engage in shams and gimmicks to avoid paying the taxes they owe.
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The progressive nature of the new system, which abolishes the current "slab rate" tax brackets, was praised by parties across the Holyrood chamber.
One Plan B option the new coalition came up with would push the legislature to remove restrictions on how the city can spend current sales-tax revenues on MARTA, the existing bus and rail system in Atlanta, before building new light rail in gentrifying, in-town neighborhoods.
About half of the money will come from tax increases, the remainder from wringing savings out of the current Medicare system.
The plan is to simplify the complex fiscal system and replace the current rates of between 14% and 45% with just three tax brackets of 15%, 25% and 35%.
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Yes, this does mean that people who make their income through capital gains would not be paying any tax: it also means that the current taxation system would then have rather a hole in the numbers.
The consumption tax approach is one that at least places part of the burden of financing the welfare system on current recipients.
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