• Reform
  • Even odder is the fact that Bill Clinton, after presiding over the most progressive tax reform in two decades, would name Peterson as one of his ten appointments to the newly formed Bipartisan Commission on Entitlement and Tax Reform. (prospect.org)
  • For all the partisan polemics and chest-thumping about "radical reform" there is little disagreement on this basic point: the federal tax burden should fall mainly on work. (schalkenbach.org)
  • rate
  • The bill that Mazzei stalled Tuesday, sponsored by Shannon and Bingman and endorsed by Gov. Mary Fallin, would slash the top income tax rate from 5.25 percent to 5 percent. (yahoo.com)
  • Income tax generally is computed as the product of a tax rate times taxable income. (wikipedia.org)
  • The tax rate may increase as taxable income increases (referred to as graduated or progressive rates). (wikipedia.org)
  • The tax rate under normal circumstances was 1% and sometimes would climb as high as 3% in situations such as war. (wikipedia.org)
  • In the year 10 AD, Emperor Wang Mang of the Xin Dynasty instituted an unprecedented income tax, at the rate of 10 percent of profits, for professionals and skilled labor. (wikipedia.org)
  • The rate of interest charged on income tax, capital gains tax, stamp duty and stamp duty reserve tax paid late and on tax charged by an assessment for the purpose of making good to the Crown a loss of tax wholly or partly attributable to failure or error by the taxpayer has increased from 7.5 per cent to 8.5 per cent. (accountancyage.com)
  • The rate of interest charged on overpaid income tax, capital gains tax, stamp duty and stamp duty reserve tax (repayment supplement) has increased from 3 per cent to 4 per cent. (accountancyage.com)
  • The rate of interest for Development Land Tax, Petroleum Revenue Tax (including Supplementary Petroleum Duty and Advanced Petroleum Revenue Tax), and on Advance Corporation Tax and Income Tax on Company Payments which became due on or before 13 October 1999 paid late or overpaid has increased from 5.75 per cent to 6.5 per cent. (accountancyage.com)
  • The rate of interest on late payment of Income Tax on Company Payments which became due on or after 14 October 1999 has increased from 7.5 per cent to 8.5 per cent. (accountancyage.com)
  • The rate of interest for late payments or repayments of Inheritance Tax, Capital Transfer Tax and Estate Duty has increased from 4 per cent to 5 per cent. (accountancyage.com)
  • The rate of interest charged on unpaid Corporation Tax for accounting periods ending on or after 1 October 1993 (under CT (Pay and File)) has increased from 5.75 per cent to 6.75 per cent. (accountancyage.com)
  • The rate of interest for either late payments or repayment of Corporation Tax for accounting periods ended on or before 30 September 1993 (pre Pay and File CT), has increased from 5.75 per cent to 6.5 per cent. (accountancyage.com)
  • The rate of interest on unpaid Corporation Tax for accounting periods ending on or after 1 July 1999 (other than underpaid CT instalments) has increased from 7.5 per cent to 8.5 per cent. (accountancyage.com)
  • The rate of interest on overpaid Corporation Tax for accounting periods ending after 1 July 1999, in respect of periods after the normal due date, has increased from 4 per cent to 5 per cent. (accountancyage.com)
  • 1. Section 178 Finance Act 1989 and Statutory Instrument SI 1989 No. 1297 entitled The Tax (Interest Rate) Regulations 1989 lay down the procedures and formulae for calculating and amending Inland Revenue interest rates. (accountancyage.com)
  • concept
  • The concept of taxing income is a modern innovation and presupposes several things: a money economy , reasonably accurate accounts , a common understanding of receipts, expenses and profits , and an orderly society with reliable records. (wikipedia.org)
  • Practices such as tithing , or an offering of first fruits , existed from ancient times, and can be regarded as a precursor of the income tax, but they lacked precision and certainly were not based on a concept of net increase. (wikipedia.org)
  • In concept, the tax would spare the earnings of the working person and productive entrepreneur, and fall on unearned gains that arose from land and resources or the exercise of monopoly power in all its subtle forms. (schalkenbach.org)
  • rates
  • But few analysts were willing to admit the obvious: Bush's plans to reverse the tight fiscal policies of the Clinton years with big upper-income tax cuts and hugely expensive privatization of Social Security have made Alan Greenspan and the Federal Reserve more reluctant to cut interest rates. (prospect.org)
  • plan
  • I am confident that a tax cut plan will eventually pass and be signed into law by the end of the legislative session," Fallin said. (yahoo.com)
  • date
  • The inception date of the modern income tax is typically accepted as 1799, at the suggestion of Henry Beeke , the future Dean of Bristol . (wikipedia.org)
  • revenue
  • Rep. Earl Sears, the chairman of the House Appropriations Subcommittee on Revenue and Taxation, sponsored Mazzei's bill in the House and said he remains confident legislators will reach a consensus on a tax cut this session. (yahoo.com)
  • Petroleum Revenue Tax, Development Land Tax, Advanced Corporation Tax etc. (accountancyage.com)
  • people
  • What needs to happen now, everybody just needs to keep cool heads, not get frustrated, and continue the dialogue to develop and implement an income tax cut for all the people of Oklahoma. (yahoo.com)
  • percent
  • Bush compassionately targets 37 percent of his total tax cuts to the top 1 percent , those making. (prospect.org)