He favors progressive rates in which those who make the most pay higher marginal rates
, but he faults liberals for giving short shrift to classical economic theorists who say that lower rates will bring greater wealth, more opportunities, and more overall income.
Europe will launch a virtuous circle in 2001, started last year by Germany's cutting marginal rates
in corporate and personal income taxes, and continued by eliminating capital gains tax on the sale of corporate cross shareholdings.
CPAs frequently use the bracket rates of 15%, 28%, 31%, 36% and 39.6% as marginal rates
. While they may be the right ones, incorrect use of these rates may lead CPAs to make erroneous conclusions because of increasingly common stealth or backdoor taxes--making the correct marginal tax rate difficult to find.
If increase in betting turnover during term, extra amount to be levied at marginal rates
up to growth level of 5 per cent, to produce total yield of some pounds 63m.
predicted marginal rates
of substitution at base case values of
The issue of Pareto optimality arises in this model specifically because consumers base their choices on full costs-both time and money costs-with the result that marginal rates
of substitution are not equated for different individuals (see Kraus, 1979; Borland and Pulsinelli, 1989).
With respect to the influence of tax rates on the rate of economic growth, our results for the extended time period (not shown here) tend to confirm Koester and Kormendi's finding that neither average nor marginal rates
The highest marginal rates
of land conversion occur in the fastest growing, lowest density areas that are newly urbanized.
The effective marginal rates
in the bubble may actually be higher than the 33% stated marginal rate
imposed in 1990 depending on the number of exemptions claimed by the taxpayer and whether or not he itemizes deductions.
The gulf war, droll though it may be for the moment, gave Bush the opportunity to plump for cutting the capital gains tax and against "punishing" the rich with higher marginal rates
. He came out for more nuclear power and for ravaging the Alaskan wilderness in search of oil.
The central bank said it sold 30 billion naira of the 91-day paper and 46.73 billion naira of 182-day bill at the marginal rates
of 9.4 percent and 10.39 percent, respectively.
Mr Cable told Radio 5 Live's John Pienaar: "The emphasis may have to shift from high marginal rates
of tax on income to taxation of wealth, including property."