We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byZavier Forrey
Modified about 1 year ago
Taxes and the Economy 1988-2008
45-30-25 Taxes = “Unrestricted revenues” Pays for General and Education Funds 45% of total budget 35% federal funds (higher 2010-2011) 25% dedicated funds
Two Major Modern Reforms 1970: Business Profits Tax 1993: Business Enterprise Tax
Business Profits Tax 1970: Gov. Walter Peterson Ring around New Hampshire Taxes on Capital and Investment Maine = N.H. = Vermont Barrier to Investment
Pro-Growth Reform Eliminate 13 Different Taxes Taxes on capital, stock, investment Business Profits tax Growth incentive Tax Elimination
Business Enterprise Tax 1993: Gov. Steve Merrill High rate of profits tax (8%) 1% of business, 70% of tax Numerous credits, exceptions
Revenue Neutral Reduce BPT 12% (from 8% to 7%) Increase BPT exemption Repeal special exceptions Repeal Savings Bank Tax Repeal Corporate Franchise Tax New BET at low 0.25% rate BET credit against BPT
Right Way/Wrong Way Trust is an issue More money or reform Transparency Separate Hike from Change Sales Tax, LLC Taxes
Considerations Jobs, Jobs, Jobs Competitive Advantage Capital is free Picking Winners Because we can
Policy Research Shop Support for the Policy Research Shop is provided by the Ford Foundation and by the Fund for the Improvement of Postsecondary Education,
Capital Spending: money spent by a business for an item that will be used over a long period. Capital Projects: spending by businesses for items such.
SIGN UP FOR REMIND to Economics: How to Make Money and Keep It.
The United States Economy. Our System The U.S. Economy is a mixed-market economy. It is based on: free markets private property profit competition consumer.
Economics Understandings To play the game, go to the next slide and click on an point value to go to a question. To go to final Wrap-Up click on Final.
GHSGT Review Economics. Unit 1 – Fundamental Concepts of Economics.
Personal Finance April 17, Money Management Everyone must make choices about what to do with their income, including you Income is money earned.
ECON 111 Tutorial 3. Question 1 Explain briefly the difference between debt finance and equity finance and why they are important to promote growth in.
13 Saving, Investment, and the Financial System. FINANCIAL INSTITUTIONS IN THE U.S. ECONOMY The financial system is made up of financial institutions.
Main Idea: The consequence of tax reform was to make the individual tax code more complex than ever.
VOCABULARY (Use a computer or dictionary to define) Entrepreneur Profit Sales Tax Income Tax Property tax Credit Invest Interest Incentive.
Unit 6 Economics America’s Market Economy Unit 6 Test Review (SOL 9)
Introduction to the Pennsylvania Education Improvement Tax Credit for Bishop Canevin High School March 2009.
THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF INDUSTRIAL SECTOR (CASES OF TURKEY&SERBIA) ALI IHSAN DILER ISTANBUL STOCK EXCHANGE VI. International.
Why is it important for you to start saving now? SLID E 1.
NOTES INTEREST RATES, INVESTMENTS, & DEBT. Simply put…the cost of money This amount changes EVERYDAY Consumers, businesses, and governments that.
Tax Reform Martin Feldstein Harvard University and National Bureau of Economic Research.
Georgia Studies Unit 9: Personal Finance Lesson 1: Personal Finance Study Presentation.
Business Organization. Sole Proprietorship The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship.
The Canadian Experience with Income Trusts. Outline What are income trusts? Tax policy implications Experience in selected countries Revenue implications.
Tax System Problems and Flat Tax Solutions Presented by: Dick Armey Co-Chairman, FreedomWorks To The President’s Commission on Tax Reform.
Forms of Business Organizations. Essential Question Why do American’s start their own businesses? Desire for Independence Desire for Money Desire for.
Macroeconomics 2.6 Supply-side policies (market-based)
©2012 McGraw-Hill Ryerson Limited 1 of 22 Learning Objectives 4.Debate alternative goals of the firm on the basis of social or management interest. (LO4)
Three Basic Questions What to produce (includes how much) How should we produce goods and services (ie. capital intensive or labor intensive)? For whom.
HEARTLAND COMMUNITY COLLEGE FINANCIAL UPDATE OCTOBER 16, 2009.
A BRIEF Overview of the New MBT July 10,2007. The Bills SB 94 provides the new replacement tax. HB HB 4372 provide partial exemptions for industrial.
Capitalism Chapter 19 Lesson 3. Capitalism System where private citizens own and use the factors of production in order to seek a profit.
Chapter 17: Investment. Types of Capital Business fixed investment: equipment and structures businesses use to produce Residential investment: new housing.
Louisiana at the Crossroads Responsible Responses to Louisiana’s Financial Crisis 1
ACMA - February 3, 2011 Arizona Commerce Authority.
Business Ownership and Operations Freshman Seminar - Introduction to Business Bishop Kearney High School Dr. Hays.
1 3.1 WHY DO BUSINESSES LOCATE WHERE THEY DO? FOUNDATION LEVEL b Where businesses locate b Where the money comes from - owners, borrowing.
1 Circular Flow Model : : Lets Simplify It. 2 Private Sector Circular Flow.
Education Incentive Tax Credit (EITC) Business Introduction.
Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government.
Saving, Investment, and the Financial System. The Financial System The financial system consists of institutions that help to match one person ’ s saving.
USE TAX Business Development Police Officers Safety Resources April 5, 2016 Vehicle Sales Tax Renewal & Use Tax 2016.
Growth & Expansion #gainz. Ways to Grow 0 2 Main Strategies 0 Reinvestment 0 Mergers 0 Reinvestment – Generate money by increasing revenue and reducing.
The Role of the Consumer n Consumer purchases drive the economy –GDP=C+G+Ig+Xn –C=two thirds of GDP n Savings –Ig=Business spending comes from business.
Unit 2 – The United States Economy SOL - CE.12. I. What are the basic types of profit-seeking business structures? A. There are three basic ways that.
BANKING IN CANADA Canadian Economy TYPES OF FINANCIAL INSTITUTIONS Deposit taking and Lending Institutions Insurance companies/Pension Funds.
B. Advantages = 1. ease of start-up 2. ease of management B. Advantages = 1. ease of start-up 2. ease of management 3. all profits go to owner 4. business.
Capitalism, the Free Market & Free Enterprise Capitalism Rocks!
The Role of Government in the United States Economy How does the United States government promote and regulate competition?
State Revenues in (In Billions) General Fund Revenues Total State Revenues $96.9 Billion Special Funds Revenues.
Personal Finance Mr. RockwellMr. Rockwell. Personal Finance Standards- SS8E4- SS8E4-The student will identify revenue sources and services provided by.
The Economy Ms. Dennis & Mr. Patten Participation in Government.
Chapter 8: Business Organizations. Section 1: Starting a Business Profit Motive Getting Started – Entrepreneur, some one willing to take a risk. – Gather.
Financial Institutions Trivia Newell. Characteristics of private financial institutions include all the following EXCEPT- a) Mint money for loans b) Include.
© 2017 SlidePlayer.com Inc. All rights reserved.