whats the number of times the letter t appears in:
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“what if we funded public education like affordable care act health insurance?” tpc’s eric toder imagines it, and his thought experiment is an instructive lesson in the difference between direct spending and tax expenditures. if, instead of making publicly-funded schools available to all, state and local governments used aca-like income-based tax subsidies and penalties to run k-12 education, “it would drastically reduce direct spending for public schools and the taxes necessary to support those outlays.” of course, the total cost, including for those tax expenditures, would be about the same. plus, running public education though the tax code “would make life much more complicated for state and local taxpayers and tax administrators.” but it sure would sound better to spending-averse lawmakers.
what do you need to know about dynamic scoring? tpc’s donald marron lays out three basics in his contribution to taxvox’s dynamic scoring forum. first: it shouldn’t be just about taxes. spending and regulations move the economy too and a dynamic score of the house repeal of the affordable care act would illustrate that. second: dynamic scoring isnt new. it’s just that now, multiple estimates will have to be winnowed down to a single estimate for the official score. and third: dynamic scoring won’t live up to the hype pushed by its advocates or its critics—and that’s a good thing. all told, marron is “cautiously optimistic” about its use.
corporate tax rate cuts will come in india. india’s finance minister arun jaitley announced a plan to cut the nation’s corporate tax rate to 25 percent and eliminate various local levies and surcharges that bring the current overall rate to nearly 34 percent. india also plans to implement a goods and services tax beginning in april 2016. the gst rate is likely to be at least 16 percent. the average corporate tax rate in asia was 21.91 percent in 2014.
australia is collecting from multinationals. under pressure to crack down on firms’ profit shifting to lower tax jurisdictions, the australian tax office reports it is collecting an additional au$250 million in tax from 13 multinational corporations. it says its continuing to audit another two dozen companies. the former labor government gave the tax office about au$225 million over four years to eliminate tax avoidance and recoup about au$1 billion in revenue..
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The text includes one hundred and ninety-one "t"s in total.
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