Taxes
in sentence
2462 examples of Taxes in a sentence
For example, an increase in direct taxes, such as income tax, can reduce consumption by twice as much as energy and carbon
taxes
that raise the same amount of revenue.
Energy and carbon
taxes
can raise revenue while leaving the economy in a stronger state to sustain a recovery.
Conventional
taxes
raise revenue, but pose a much greater risk of depressing growth in the process.
This is not the only reason why looking more closely at energy and carbon
taxes
makes sense.
The gains from avoiding the negative impact of conventional
taxes
work across the economy, particularly as the least well-off maintain a higher level of disposable household income.
Most energy and carbon
taxes
are levied by national governments.
In terms of the effect on GDP and jobs, the cost of increasing revenue from this source would be as much as one-third less than that of raising the same amount via income
taxes
or VAT.
Energy and carbon
taxes
can produce less economic pain and more gain than conventional
taxes
can.
Greater reliance should be placed on energy
taxes
and an effective ETS to deliver all three.
Likewise, traditional markets and street stalls pay no sales
taxes.
In Denmark, France, Italy, the Netherlands, Norway, and Portugal, concerns about immigration, chronic unemployment, high taxes, and deteriorating public services have fuelled this trend.
Conservatives demand lower taxes, but this is unpopular: almost 65% of Swedes live on public salaries or social transfers.
Unlike other Europeans, Swedes are thus much keener to keep
taxes
high, which guarantees a large left-wing vote.
The likelihood that Trump will ease regulations and cut
taxes
has pumped oxygen into US markets, and many business leaders are confident that economic growth is on the horizon.
Democratic politicians should respond by imposing higher
taxes
on the wealthy and spending the proceeds on the less well off.
This intuition is formalized in a well-known paper in political economy by Allan Meltzer and Scott Richard: the wider the income gap between the median and average voter, the higher the
taxes
and the greater the redistribution.
The progressivity of income
taxes
has decreased, reliance on regressive consumption
taxes
has increased, and the taxation of capital has followed a global race to the bottom.
Do peer-to-peer businesses undercut incumbents by not paying similar
taxes?
Investors were initially giddy about Trump’s promises of fiscal stimulus, deregulation of energy, health care, and financial services, and steep cuts in corporate, personal, estate, and capital-gains
taxes.
As Presidents Ronald Reagan and George W. Bush showed, Republicans can rarely resist the temptation to cut corporate, income, and other taxes, even when they have no way to make up for the lost revenue and no desire to cut spending.
To be sure, expectations of stimulus, lower taxes, and deregulation could still boost the economy and the market’s performance in the short term.
George W. Bush’s idea of economic policy was to cut
taxes
three times while boosting spending on war.
This will include ending the war in Iraq, raising
taxes
on the rich, and also gradually phasing in new consumption
taxes.
The US currently collects the lowest ratio of
taxes
to national income among rich nations.
They are unperturbed by the fact that the same legislation will, when it is fully implemented, lead to an increase in
taxes
for the majority of the middle class – a group whose fortunes have been in decline for the last 30 years or so.
After all, it lowers
taxes
on real-estate speculation – an activity that has produced sustainable prosperity nowhere, but has contributed to rising inequality everywhere.
It is therefore a good time to introduce carbon taxes, so that the oil windfall is not simply gobbled up at the gas station.
Former Presidents Ronald Reagan and George W. Bush also each cut
taxes
sharply, resulting in budget deficits that prompted the Fed to raise interest rates.
That includes raising
taxes
on those earning more than $250,000 a year, and using the money to extend health insurance to the tens of millions of Americans who – uniquely for an industrialized nation – do not have it.
The way to achieve these goals is not to run larger deficits, which merely imply higher
taxes
tomorrow, but to cut spending in other parts of the budget.
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