An assumption of our paper is that tax expenditures
The adjustment on the expenditure side should rely on more permanent and better targeted measures, such as parametric reform to the pension system, shifts to means-testing of social assistance programs and reductions in subsidies and tax expenditures
Some members of Congress may try to cut so-called tax expenditures
as a way to soften the impact the tax cuts would have on the deficit.
today introduced the Tax Expenditures
Accountability Act, marking the launch of his campaign to take on the special interests lobbying against tax reform in order to protect their taxpayer-funded loopholes.
It is useful to distinguish between tax rules that represent tax expenditures
relative to a pure income tax from rules that represent tax expenditures
relative to a consumption tax.
These automatic appropriations included retirement and life insurance premium, internal revenue allotment for local government units, pensions of former presidents as well as ex-presidents' widows, special account in the general fund (including motor vehicle users charge fund), net lending, interest payments, and releases under the tax expenditures
fund for customs duties and taxes to be paid for government importation.
in Billions of Dollars Fiscal Year 2014 Individual Tax $1,036 Expenditures 87% Corporate Tax $148 Expenditures 13% Source: Office of Management and Budget Note: Table made from pie chart.
Doing the same for the 37 tax expenditures
in fiscal year 2015/16 would have revealed personal income taxes $5.
Conventional wisdom holds that tax expenditures
are supposed to change taxpayer behavior, and therefore work best when they target taxpayers at the margin of performing some behavior or not.
reduce the amount of taxes owed based on some policy goal or preference.
The author covers tax reform, both in theory and in practice, the history of the federal income tax, tax expenditures
, tax expenditures
and economic behavior, expenditures for human resources and income support, and a wide variety of other related subjects.
Funds subsidized by such tax expenditures
can themselves be the objects of fraud.