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| Lapan, Harvey E.; Moschini, GianCarlo; Caruth, Brad. |
| Under current U.S. law, taxpayers can deduct up to 100 percent of their state income taxes from their adjusted gross income when calculating their federal income taxes. As a result, Iowans currently pay approximately $251 million less to the federal government than they would otherwise pay. There is, however, no equivalent stipulation allowing for the deduction of state sales taxes. Consequently, by eliminating the sales tax and replacing the lost revenue with an income-based tax, Iowans could save a substantial amount of money on their federal tax returns without any change in revenue for the Iowa government. Alternatively, by replacing the sales tax with an income-based tax, the State of Iowa could increase its tax revenue without increasing the total... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Federal itemized deductions; Income tax; Sales tax; State budget; Tax policy; Public Economics. |
| Ano: 2002 |
URL: http://purl.umn.edu/18452 |
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| Maitah, Mansoor; der Ali, A.. |
| The subject of the relationship between state budget and trade balance is important as economic subject, not only at the level of developing countries, but also at of advanced ones, too. Such importance emerged clearly when 1980s witnessed in United States of America a deficit in both state budget and trade balance, which was called at that time as the twin or dual deficit. We can say that the analysis of relationship between state budget and trade balance states the extent of mutual effect between financial and trade policies of any economy, namely; any change in the outcome of either one may affect the other in the same degree. To put in other words, the instruments of financial policy represented by total incomes and total expenditures can affect the... |
| Tipo: Journal Article |
Palavras-chave: State budget; Trade balance; Libya; Trade policy; Fiscal policy; Financial Economics; International Relations/Trade; GA; IN. |
| Ano: 2010 |
URL: http://purl.umn.edu/99221 |
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