TITLE

From an Oracle

PUB. DATE
July 1982
SOURCE
National Review;7/9/1982, Vol. 34 Issue 13, p813
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article analyzes the importance of econometric statistics for real economic activity in the U.S. Despite all the talk of huge tax cuts, inflation and Social Security increases boosted tax rates 10 percent in 1981, even after the cuts introduced in October 1985. Projected deficits in U.S. President Ronald Reagan's administration, assume that 46 percent tax rate increases in former U.S. President Jimmy Carter, would bring in proportionately larger revenues, when a depression would be a more likely result. Not only inflation but high marginal tax rates force them up.
ACCESSION #
6071106

 

Related Articles

  • Oklahoma passes $600 million income tax cut.  // Enterprise/Salt Lake City;9/11/2006, Vol. 36 Issue 10, p23 

    The article reports on a $600 million dollar income tax cut passed by the Oklahoma Legislature during a special session. It is said that the rate was lowered from 6.25 to 5.5 percent by the bill and would automatically lower the rate to 5.25 percent depending on the growth of the economy. The...

  • DISTRICT OF COLUMBIA.  // Sales & Use Tax Alert;10/1/2013, Vol. 33 Issue 17, p6 

    The article reports that Washington D.C. has decreased its general sales and use tax rate from six percent to 5.75 percent effective October 1, 2013.

  • Economic activity stalls when taxes rise. Hicks, Mike // Indianapolis Business Journal;4/18/2011, Vol. 32 Issue 7, p24 

    The article presents the author's views regarding the impact of tax increase to the economic activity of Indiana.

  • ECONOMIC OUTLOOK 2013. Shingler, Dan // Crain's Cleveland Business;1/7/2013, Vol. 34 Issue 1, p0014 

    The article reports on the political issues that U.S. manufacturers are expected to watch closely in 2013, including future tax rates, cuts that may affect defense contractors and regulations or environmental policies affecting oil and gas drilling.

  • Cut Spending--Tax Cuts Are Not Enough. Stossel, John // Human Events;5/21/2007, Vol. 63 Issue 18, p1 

    The author stresses the disadvantage of reducing tax rates without cutting deficit spending in the U.S. According to him tax cuts increased tax revenues because lower rates imply higher rewards for productive activities. He says that the Office of Management and Budget estimates a surplus in...

  • NOMINAL INTEREST RATES AND MARGINAL TAX RATES. Bond, Michael T.; Smolen, Gerald E. // Quarterly Journal of Business & Economics;Spring87, Vol. 26 Issue 2, p104 

    Demonstrates that Robert Ayanian's attempt to test Michael Darby and Michael Feldstein's hypothesis on the relationship between nominal interest rates and expected rate of inflation, understates the average marginal tax rate. Efforts to validate the Darby-Feldstein hypothesis; Misspecifications...

  • TAX REFORM OF THE CENTURY-THE SWEDISH EXPERIMENT. Agell, Jonas; Englund, Peter; S�dersten, Jan // National Tax Journal;Dec96, Vol. 49 Issue 4, p643 

    What can changes in tax structure accomplish? The Swedish tax reform of 1991 is the most far-reaching reform in any industrialized country in the postwar period. It represents a thorough application of a strategy of rate cuts cum base broadening, and it has affected a myriad of economic...

  • Extend Capital Gains And Dividend Tax Cuts. Roth, William F. // Grand Rapids Business Journal;4/3/2006, Vol. 24 Issue 14, p24 

    Focuses on the extension of capital gains and dividend tax reduction in the U.S. Increase in dividends being paid by the public following the reduction in dividend tax; Result of the increase in the rate of long-term capital gains and lower tax rates; Need for the government to eliminate double...

  • Many tax provisions scheduled to expire after 2012. Gray, Michael // Michael Gray, CPA's Tax & Business Insight;Jan2012, p11 

    The article reports that by the end of 2012, the tax cuts implemented by the administration of U.S. President George W. Bush including the 35 percent maximum tax rate on ordinary income and 15 percent tax rate on long-term capital gains will expire.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics