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Prikvačeni tweet
ANALYSIS: Sen. Warren & Sen. Sanders'
#WealthTax would raise significantly less revenue than promised, face administrative and compliance challenges, and would double the trade deficit while increasing foreign ownership of US capital.@karlbykarlsmithhttps://buff.ly/2uGfTEHPrikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Our analysis looks at a wealth tax in isolation, but both Sen. Warren and Sen. Sanders have proposed a range of tax changes that could combine to have more extreme effects on the economy and that could even tax portions of the same base, further reducing available revenue. /end
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A wealth tax would increase the types of spending it's designed to curb
A wealth tax would encourage some to consume their wealth as rapidly as possible and in less productive ways than they may otherwise, including increased donations to PACs.
http://tax.foundation/analysis /10pic.twitter.com/PfO1Q5G36F
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A wealth tax would directly shrink investment in the pass-through sector, leading to a permanent reduction in the level of GDP growth, fewer jobs, and lower wages: https://tax.foundation/analysis /9pic.twitter.com/lioyAijLhu
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A wealth tax could result in massive dislocations in manufacturing and other industries that would disproportionately impact rural Americans: https://tax.foundation/analysis /8pic.twitter.com/zn9MP5QOTH
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Foreigners would own more US capital
A wealth tax would lead to a dramatic reduction of domestic saving, which would be replaced by foreign investors.
The ownership of many US assets would shift from home-grown billionaires to foreign billionaires
https://tax.foundation/analysis /7pic.twitter.com/N3zTvHEteC
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A wealth tax would face serious administrative and compliance challenges
An annual wealth tax necessitates determining the market value of all taxable assets net liabilities every year: https://tax.foundation/analysis /6pic.twitter.com/iTeYpMenjN
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A low wealth tax rate is equivalent to a high-rate income tax
Compared to income taxes, wealth tax rates seem much low, but can result in confiscatory effective tax rates exceeding 100%.
Wealth taxes would also fall heaviest on risk-averse savers.
https://tax.foundation/analysis /5pic.twitter.com/aT2dnQsE3T
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The numbers don't add up
We find that both wealth tax plans will raise significantly less revenue than promised (only about 60% of what the Warren and Sanders campaigns project): https://tax.foundation/analysis /4pic.twitter.com/528cnB0lCs
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In our new report out last week, we explain the basics of a wealth tax by comparing it against the current individual income tax, review other countries' experiences with one, and model the economic impact that Warren and Sanders' proposed wealth taxes could have for the US. /3
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Wealth taxes on ultra-wealthy households have been proposed by Democratic presidential candidates to fight against inequality and raise extra revenue, but there is substantial uncertainty about how much revenue can be raised and how a wealth tax could impact the U.S. economy. /2
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Kansas Gov. Laura Kelly’s Fiscal Year 2021 budget and tax proposals can be targeted to effectively restructure Kansas’ tax base. Here's how: https://buff.ly/2RWPbkr
#KSleg#KSpolpic.twitter.com/EgPXOBeqcN
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Tax Foundation proslijedio/la je Tweet
D.C. False Claims Act Bill Raises Legal and Practical Concernshttps://buff.ly/2O91VSD
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Controlled Foreign Corporation (CFC) rules in Spain are not as complicated as they is in some other countries, and they are aligned with the standards recommended by the OECD: https://buff.ly/2RWo1tT
@danieldbunnpic.twitter.com/GND6iOHDFq
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Iowa Governor proposes second round of tax reform: https://buff.ly/2tujEgv pic.twitter.com/pS01tSZeof
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Tax Foundation proslijedio/la je Tweet
New today: state individual income tax rates, brackets, standard deductions, and personal exemptions for TY 2020. Notable changes:
#Arizona,#Arkansas,#Massachusetts,#Michigan,#Minnesota,#NorthCarolina,#Ohio,#Tennessee,#Virginia, and#Wisconsinhttps://bit.ly/3b6WWfgHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Tax Foundation proslijedio/la je Tweet
Essentially, the ownership of many U.S. assets would shift from home-grown billionaires to foreign billionaires.https://twitter.com/taxfoundation/status/1224531361454862336 …
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Notable individual income tax changes in 2020: - Arizona - Arkansas - Massachusetts - Michigan - Minnesota - North Carolina - Ohio - Tennessee - Virginia - Wisconsin See more: https://tax.foundation/2RUrGZg /6
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In some states, a large number of brackets are clustered within a narrow income band; Georgia’s taxpayers reach the state’s 6th and highest bracket at $7,000 in annual income. In DC and CA, the top rate kicks in at $1 million. /5
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Of those states taxing wages, 9 have single-rate tax structures, with one rate applying to all taxable income. Conversely, 32 states and DC levy graduated-rate income taxes, with the number of brackets varying widely by state. Hawaii has 12 brackets, the most in the country. /4
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43 states currently levy individual income taxes. 41 tax wage and salary income, while 2 states—NH and TN—exclusively tax dividend and interest income. (TN is currently phasing out its Hall Tax) Seven states levy no individual income tax at all: AK, FL, NV, SD, TX, WA, WY. /3
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