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  2. Excess burden of taxation - Wikipedia

    en.wikipedia.org/wiki/Excess_burden_of_taxation

    An equivalent kind of inefficiency can also be caused by subsidies (which technically can be viewed as taxes with negative rates). [citation needed] Economic losses due to taxes have been evaluated to be as low as 2.5 cents per dollar of revenue, and as high as 30 cents per dollar of revenue (on average), and even much higher at the margins. [2 ...

  3. Regressive tax - Wikipedia

    en.wikipedia.org/wiki/Regressive_tax

    In a progressive tax system, the marginal tax rate (the tax rate on the last dollar of income earned) is greater than the average tax rate (the total tax paid divided by total income earned). Conversely, in a regressive tax system, the marginal tax rate is lower than the average tax rate. [38] [39] [40] [41]

  4. Tax - Wikipedia

    en.wikipedia.org/wiki/Tax

    The effective rate is the total tax paid divided by the total amount the tax is paid on, while the marginal rate is the rate paid on the next dollar of income earned. For example, if income is taxed on a formula of 5% from $0 up to $50,000, 10% from $50,000 to $100,000, and 15% over $100,000, a taxpayer with income of $175,000 would pay a total ...

  5. Austerity - Wikipedia

    en.wikipedia.org/wiki/Austerity

    In normal time, the government sets the tax rates , and the central bank controls the nominal interest rate . If the rate is so low that monetary policies cannot mitigate the negative impact of the austerity measures, the significant decrease of tax base makes the revenue of the government and the budget position worse. [ 159 ]

  6. Trump Won the Election: How His Tax Plan Could Affect the ...

    www.aol.com/trump-won-election-tax-plan...

    Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia.

  7. Tax incidence - Wikipedia

    en.wikipedia.org/wiki/Tax_incidence

    Economists distinguish between the entities who ultimately bear the tax burden and those on whom the tax is initially imposed. The tax burden measures the true economic effect of the tax, measured by the difference between real incomes or utilities before and after imposing the tax, and taking into account how the tax causes prices to change.

  8. Negative income tax - Wikipedia

    en.wikipedia.org/wiki/Negative_income_tax

    New Jersey (1968–1972) observing 1,357 families for a period of 3 years and testing the guarantee levels from 0.5 to 1.25 of the poverty line and tax rates from 0.3 to 0.7. Rural Iowa and Carolina (1969–1973) involving 809 families for a period of 3 years and testing guarantee levels from 0.5 to 1.00 and tax rates from 0.3 to 0.7.

  9. Tax policy and economic inequality in the United States

    en.wikipedia.org/wiki/Tax_policy_and_economic...

    This is known as the capital gains tax rate on a short-term capital gains. Accordingly, the capital gains tax rate for short-term capital gains paid by an individual is equal to the marginal income tax rate of that individual. The tax rate then decreases once the capital gain becomes a long-term capital gain, or is held for 1 year or more.