Taxes are the main source of government revenue. Among the OECD countries in 1981 taxes accounted for between one-fifth (in the case of Turkey) and one-half of gross domestic product (in the case of Sweden). There is considerable variation in the...

A method of raising revenue for a government by levies on persons and firms. Taxes can be direct or indirect and can be raised centrally or locally A government will choose its taxation policy with reference to its effects on income distribution...

Two broad categories of taxation differentiated according to administrative arrangements, incidence, or the characteristics of taxpayers. Income taxes, for example, are paid directly to revenue authorities, can directly reduce taxpayers’ real...

A tax which increases the cost of producing a unit of a good by the amount of the tax; import TARIFFS, taxes on FACTORS OF PRODUCTION (e.g. the SELECTIVE EMPLOYMENT TAX), employer contributions to social security schemes and VALUE-ADDED TAXES....

A tax is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (for example, secessionist movements or revolutionary movements). Taxes could also be imposed by a subnational entity....

First in a series of reports on where the Republican presidential candidates stand on major issues. Lamar Alexander Favors simplifying the tax system with one rate and few deductions. Would allow only a few deductions, including mortgage interest, charitable contributions and state and...

In his July 8 op-ed article, "Then There's Plan B," James Glassman argues that the reason that the Republican tax-cut plan is more generous to those earning high incomes than those with low incomes is that "it's nearly impossible for a cut in income...

Taxes: Congressional Democrats say they want to raise taxes as part of a much bigger effort to redress growing inequality in America. What they really have planned is something else: A war against American capital.Every American should care. For while the debate revolves around billionaires...

When it comes to the issues of taxes and abortion, Democrats hold a very modest advantage over Republicans. However, on health care, Social Security, and education, voters trust Democrats more than Republicans by a double-digit margin. But, despite the difference of degree, Democrats have the...

The proposed cigarette tax increase in Kentucky, one of the leading states in tobacco production, would have a significant impact on the state. While the proposed tax would help the state government's deficit and indirectly promote public health among Kentucky residents, opponents argue that the tax would hurt the state's tobacco-driven economy and decrease store sales.