Reform: Voters Weary of Increasing Taxes, Decreasing BenefitsEditor's Note: Newswoman Lindsey Tanner spent the summer asking Illinoisans what's on their minds as they prepare to make choices in the Nov. 8 election.Lindsey Tanner Of The
The birth of a child is not just a blessed event; it's the beginning of a whole new set of tax breaks for your family. Learn how the newest addition to your family can help trim your tax bill, and how to save for your child's future in the most tax-effic
Ethiopia raised taxes on tobacco products in early 2020, increasing the overall price of the typical pack of cigarettes by about 67%. We quantify the potential impacts of Ethiopia's tobacco tax hike on various outcomes—life years, tax revenues, cigarette expenditures and catastrophic health expendi...
Lowering taxes can have a number of benefits. If consumers are able to pay less for products due to a lowering of the sales tax, they will be encouraged to spend more money. If income taxes are lowered, people may be encouraged to work harder, thereby increasing productivity. And, if cor...
Economists find that this leads to a suboptimal level of production and consumption. In addition, increasing economies of scale may push all producers out of a market if none can charge enough to cover costs. In that case, production ceases even if it benefits society. Hence, markets fail ...
During a recession, a government may run a deficit intentionally by decreasing its sources of revenue, such as taxes, while maintaining or even increasing expenditures—on infrastructure, for example—to provide jobs and income. The theory is that these measures will boost the public's purchasing ...
An easing monetary policy environment serves the opposite purpose. In an easing policy environment, the central bank lowers rates to stimulate growth in the economy. Lower rates lead consumers to borrow more, also effectively increasing the money supply. ...
The 457 plan is the financial ace up the sleeves of government employees and a select group of non-profit workers. Imagine this: you can take the 457 train and save money for later. Additionally, you can delay paying taxes and enjoy the benefits. ...
Economic consequences of increasing the conformity in accounting for uncertain tax benefitsevent studydisclosurestaxestax contingencyuncertain tax benefitsCommentary during the development of FASB Interpretation no. 48 suggests the interpretation could be costly for firms because new disclosure requirements could...
Related retirement topics Everything You Need to Know About Social Security Benefits in 2024 This government program supports those who need it, using funds from specific taxes. What You Should Know About Social Security COLAs Social Security COLAs are inflation-based increases to Social Security ben...