With our current $3 per hundred tax rate, it is safe to assume that this will qualify when you suggest a community should `` try to develop a modest industrial plant '' as the best way to meet these problems.

Mr. Richard Preston, executive director of the New Hampshire State Planning and Development Commission, in his remarks to the Governors Conference on Industrial Development at Providence on October 8, 1960, warned against the fallacy of attempting to attract industry solely to reduce the tax rate or to underwrite municipal services such as schools when he said: `` If this is the fundamental reason for a community's interest or if this is the basic approach, success if any will be difficult to obtain ''.

By fixing the tax rate in advance of spending, upper limits are set on expenditures.

The forced sale of the General Motors stock owned by or allocable to Christiana, Delaware, and the stockholders of Delaware, and deposited with the trustee, would result in a tax to those parties at the capital gains rate.

The Australian government attempted to increase the tax on these drinks to the same rate as spirits, volumetrically, in an effort to stop binge drinking.

A major factor in perpetuating cross ownership of shares is a high capital gains tax rate.

If the capital gains tax rate is 50 % ( like Germany ) and the company sells the stock,

Long term cross ownership of shares combined with a high capital tax rate greatly increases periods of asset deflation both in time and in severity.

However, in October 2004, the Cuban government announced an end to this policy: from November US dollars would no longer be legal tender in Cuba, but would instead be exchanged for convertible pesos ( since April 2005 at the exchange rate of $ 1. 08 ) with a 10 % tax payable to the state on the exchange of US dollars cash — though not on other forms of exchange.

In 2002 a modern, business-friendly tax system was put in place with a 10 % corporate tax rate, the lowest in the EU.

" For 2012, the residential property tax rate in Cambridge is $ 8. 48 per $ 1, 000.

Eisenhower's profit on the book was substantially aided by an unprecedented ruling by the Treasury Department that Eisenhower was not a professional writer, but rather, marketing the lifetime asset of his experiences, and thus only had to pay capital gains tax on his $ 635, 000 advance instead of the much higher personal tax rate.

Typically, as one's income grows, a higher marginal rate of tax must be paid.

The tax regime which started in 1998 had a single rate but since September 2007 entered into a multiple rate regime.

In 1998, the rate of tax was 10 % and amended in 2000 to 12. 5 %.

By restricting the sale of land leases, the Hong Kong government keeps the price of land at what some would say are artificially high prices and this allows the government to support public spending with a low tax rate.

Prior to the start of the Great Depression, Hoover's first Treasury Secretary, Andrew Mellon, had proposed and seen enacted, numerous tax cuts, which cut the top income tax rate from 73 % to 24 % ( under Presidents Warren G. Harding and Calvin Coolidge ).

The Government issued special bonds to the landowners for the land that they had lost, and collected a special tax from the peasants, called redemption payments, at a rate of 5 % of the total cost of allotted land yearly.

Paul Bremer also ordered a flat tax rate of 15 % and allowed foreign corporations to repatriate all profits earned in Iraq.

Income tax has been levied at a flat rate of 20 % for decades.

The strategy for introducing the new GST tax was to fill a ' black hole ' in the budget that was created by the introduction of a new 0 / 10 tax that replaced the old tax system that previously exempted foreign investors from corporation tax and levied a 20 % rate on Jersey residents.

I have known Papa to exclaim on getting his tax bill, `` we're going to the dogs ''!!

The corporation voted on September 27, 1598, that Quiney should ride to London about the suit to Sir John Fortescue, chancellor of the Exchequer, for discharging of the tax and subsidy.

That such expansion can be obtained without a raise in taxes is due to growth of the tax digest and sound fiscal planning on the part of the board of commissioners, headed by Chairman Charles O. Emmerich who is demonstrating that the public trust he was given was well placed, and other county officials.

-- Your July 26 editorial regarding the position of Attorney General Robert F. Kennedy on prospective tax relief for DuPont stockholders is based on an erroneous statement of fact.

The editorial concerned legislative proposals to ease the tax burden on DuPont stockholders, in connection with the United States Supreme Court ruling that DuPont must divest itself of its extensive General Motors stock holdings.

For many years a state tax on cities and towns was paid by the several municipalities to the state from the proceeds of the general property tax.

This would seem to fix the tax situs of all movable personal property at its location on December 31.

It is known that at least five towns ( Barrington, Bristol, Narragansett, Newport and Westerly ) place some value on some boats for tax purposes.

The uniform fiscal year eliminates interest charges on money borrowed in the form of tax anticipation notes.

Sacrifice will have to be made in some cases, but it is to the municipality's advantage to finance the change-over for a short period of time rather than pay interest on tax anticipation notes indefinitely.

The adjustments needed to establish a uniform and coordinated fiscal tax collection year calendar throughout Rhode Island, based on a July 1 to June 30 year, are shown below.

Six cities and towns are presently on a July 1 to June 30 fiscal year and have coordinated their tax collection year with it.

Six cities and towns are now on a July 1 to June 30 fiscal year and will need only to adjust their tax collection year calendar to establish uniformity.

April 15 is usually the final date for filing income tax returns for most people because they use the calendar year ending on December 31.

If you use a fiscal year, a year ending on the last day of any month other than December, your return is due on or before the 15th day of the 4th month after the close of your tax year.

If the last day ( due date ) for performing any act for tax purposes, such as filing a return or making a tax payment, etc., falls on Saturday, Sunday, or a legal holiday, you may perform that act on the next succeeding day which is not a Saturday, Sunday, or legal holiday.

The party supports a bracket income tax system, as opposed to the current ' linear ' system, and, in the long-term a flat tax.

Both matters raise questions regarding the justice of the flat tax system, and thus its long-term political sustainability.

Some economists consider the net long-term effect of eliminating tax shelters and other distortions to be positive for the economy, by redirecting money to the most inherently profitable investments.

Export sales collapsed by 75 % in 1952 followed by sluggish domestic sales while the nation waited for the removal of a " temporarily " increased purchase tax, finally eased in April 1953 with disastrous long-term consequences for Jowett.

Sheldon Richman, editor of the libertarian journal, The Freeman, also sees the IMF imposing “ corporatist-flavored ‘ neoliberalism ’ on the troubled countries of the world .” The policies of spending cuts coupled with tax increases give “ real market reform a bad name and set back the cause of genuine liberalism .” Paternalistic supranational bureaucrats foster “ long-term dependency, perpetual indebtedness, moral hazard, and politicization, while discrediting market reform and forestalling revolutionary liberal change .” Free market economist Richard M. Salsman goes further and argues the IMF “ is a destructive, crisis-generating global welfare agency that should be abolished .” “ In return for bailouts, countries must enact such measures as new taxes, high interest rates, nationalizations, deportations, and price controls .” Writing in Forbes, E. D. Kain sees the IMF as " paving the way for international corporations entrance into various developing nations " and creating dependency.

A ballot initiative to obtain a parcel tax used to finance the long-term purchase of the school succeeded in keeping the school property from seeing a development that would have included 33 low-income houses packed tightly into the relatively small property.

The results led to an initial decline in the overall tax burden and suggested that the long-term NJ property tax issue could be addressed.

In most countries toll roads, toll bridges and toll tunnels are often used primarily for revenue generation to repay for long-term debt issued to finance the toll facility, or to finance capacity expansion, operations and maintenance of the facility itself, or simply as general tax funds.

MARTA said the commitment to the tax is needed for the agency to secure long-term financing in the form of bonds to pay for any future expansions to the system.

He believes that public health care should be provided only to the elderly and children, that drug control policy should be a state and not a federal issue, that alternative fuels are a long-term solution but that increased oil drilling is required in the short term, and that investment tax credits should be provided for farm investment.

A plan to encourage household savings was launched, while the ALMP ( Active Labour Market Policy ) was strengthened with increased placement services for the unemployed and new tax subsidies for employers hiring youth as well as the long-term unemployed.

Other sections of the Contract include a proposed Family Reinforcement Act ( tax incentives for adoption, strengthening the powers of parents in their children's education, stronger child pornography laws, and elderly dependent care tax credit ) and the Senior Citizens Fairness Act ( raise the Social Security earnings limit, repeal the 1993 tax hikes on Social Security benefits and provide tax incentives for private long-term care insurance ).

The tax rate for individuals on " long-term capital gains ", which are gains on assets that have been held for over one year before being sold, is lower than the ordinary income tax rate, and in some tax brackets there is no tax due on such gains.