tax policy
Government revenue rules
Tax policy refers to the principles and decisions governments make about taxation—what to tax, how much, and who bears the burden.
It encompasses choices about income taxes, sales taxes, corporate taxes, and various deductions or credits.
Tax policy debates often center on competing goals: generating revenue, redistributing wealth, encouraging economic growth, or incentivizing particular behaviors like homeownership or charitable giving.
The candidate's tax policy favors cuts for middle-income earners.
Rate increase with income
- loopholesExploitable ambiguities in rules
- exemptionsReleases from obligation
- incentivesRewards prompting action
- deductionsConclusions from reasoning
credits · reform · regressive · proportional · write-offs · depreciation · AMT · indexing
Formal accounts examination
- enforcementCompelling compliance with rules
- penaltiesPunishments for infractions
- accountabilityObligation for one's actions
- record-keepingMaintaining organized documentation
evasion · avoidance · reporting · oversight · transparency · IRS · filing · withholding
Money paid out
- allocationDistribution of shares
- deficitAmount still owed
- surplusAmount exceeding requirement
- spendingOutlaying of funds
cuts · austerity · stimulus · appropriation · entitlements · subsidies · sequestration · CBO
Compulsory government charge
- dutyRequired moral task
- tollFee for passage
- exciseRemove by cutting
- collectionGathered set of items
receipts · withholding · customs · yield · assessment · imposition · scoring · projections
progressivity
Rate increase with income
- loopholesExploitable ambiguities in rules
- exemptionsReleases from obligation
- incentivesRewards prompting action
deductions · credits · reform · regressive · proportional · write-offs · depreciation · AMT · indexing
audit
Formal accounts examination
- enforcementCompelling compliance with rules
- penaltiesPunishments for infractions
- accountabilityObligation for one's actions
record-keeping · evasion · avoidance · reporting · oversight · transparency · IRS · filing · withholding · amnesty
expenditure
Money paid out
- allocationDistribution of shares
- deficitAmount still owed
- surplusAmount exceeding requirement
spending · cuts · austerity · stimulus · appropriation · entitlements · subsidies · sequestration · CBO · reconciliation
levy
Compulsory government charge
collection · receipts · withholding · customs · yield · assessment · imposition · scoring · projections
- Government Policysocial welfare, gun control, social programs, poverty reduction, border protection
- political controversiesabortion, gun control, voter suppression, gerrymandering, affirmative action
- law and economicsantitrust, economic analysis, market regulation, legal frameworks, antitrust law
- inequalitywealth gap, income gap, disparity, wage gap, income disparity
- policiesact, code of conduct, workplace policies, terms of service, bill
- economic policyfiscal discipline, fiscal stimulus, fiscal restraint, subsidy, budget planning
tax policygovernment spending
State allocation of funds
budget allocation · appropriations · public expenditure · public investment · welfare spending
tax policymonetary policy
Central bank economic controls
social policy · environmental policy · foreign policy · trade policy · defense policy
tax, policy, taxing, tariff, taxation, taxable, untaxed, nontaxable, tax-free