Sentences with phrase «annual federal tax revenue»

Overall, the CBO estimated in 2012 that the shift to pass - throughs had resulted in a $ 76 billion loss in annual federal tax revenue as of 2007, or about 5 percent of that year's total corporate and individual income tax haul, while Treasury put the loss at $ 100 billion, or 7.9 percent, in 2011.

Such a use of the Reconciliation procedure would be immensely consequential: the Tax Policy Center estimates that the result of Trump's proposed tax changes would be a reduction of annual federal tax revenue by 4 per cent of GDP.

Not exact matches

«Each one percentage point cut to the corporate income tax rate costs the federal government about $ 2 billion in annual revenues,» wrote the authors, one of whom was CLC chief economist Andrew Jackson...

INDIANAPOLIS — Given declining revenues from gasoline and diesel fuel taxes and the need for new ways of funding road infrastructure, state and federal policymakers are considering or have enacted annual registration fees for plug - in vehicles.

The federal government's annual budget is balanced when its revenues from taxes and user fees equal its expenditures.

If the graduation rate increased to 90 percent for just one cohort of students, the country would see a $ 7.2 billion increase in annual earnings and a $ 1.1 billion increase in federal tax revenue.

The Internal Revenue Service (IRS) allows individuals to gift property without federal tax consequences as long as it falls within the guidelines for the annual gift exclusion.