Valuation With or Without Personal Income Taxes?

2004 ◽  
Vol 56 (1) ◽  
pp. 20-45 ◽  
Author(s):  
Frank Richter
Keyword(s):  
Income Taxes ◽  
Personal Income

scholarly journals Personal Income Taxes and the Growth of Small Firms

2001 ◽  
Vol 15 ◽  
pp. 121-147 ◽  
Author(s):  
Robert Carroll ◽  
Douglas Holtz-Eakin ◽  
Mark Rider ◽  
Harvey S. Rosen
Keyword(s):  
Small Firms ◽  
Income Taxes ◽  
Personal Income

scholarly journals Taxes and Capital Structure

2015 ◽  
Vol 50 (3) ◽  
pp. 277-300 ◽  
Author(s):  
Mara Faccio ◽  
Jin Xu
Keyword(s):  
Capital Structure ◽  
Income Taxes ◽  
Personal Income ◽  
Tax Rates ◽  
Personal Income Tax ◽  
Natural Experiments ◽  
Corporate Tax ◽  
Personal Taxes ◽  
Ex Post ◽  
Tax Payers

AbstractWe use nearly 500 shifts in statutory corporate and personal income tax rates as natural experiments to assess the effect of corporate and personal taxes on capital structure. We find both corporate and personal income taxes to be significant determinants of capital structure. Based on ex post observed summary statistics, across Organisation for Economic Co-Operation and Development (OECD) countries, taxes appear to be as important as other traditional variables in explaining capital structure choices. The results are stronger among corporate tax payers, dividend payers, and companies that are more likely to have an individual as the marginal investor.

SELECTED ASPECTS OF SUBSISTENCE MINIMUM IN SLOVAKIA

2017 ◽  
Vol 5 ◽  
pp. 470-475
Author(s):  
AlĹľbeta Suhányiová ◽  
Ladislav Suhányi
Keyword(s):  
Minimum Wage ◽  
Current Situation ◽  
Income Taxes ◽  
Personal Income ◽  
Social Benefits ◽  
Minimum Level ◽  
Dependent Children ◽  
Natural Person ◽  
Subsistence Minimum ◽  
Legislative Changes

The subsistence minimum is a socially recognized minimum level of income for a person; any person whose income is below this level is considered to be in material need. It is one of the key elements of socio-political interventions; in that it binds with important functions in different areas. The level of minimum wage in Slovakia has not changed for the last four years, and now, this issue is a subject of extensive discussions in professional and scientific circles. The paper describes the subsistence minimum and presents the significant legislative changes that affect the functions of the subsistence minimum. The paper analyses, examines, and evaluates the development of the subsistence minimum of: an adult natural person, of another jointly assessed adult person, of non-dependent underage children, and of dependent children – in the period from 1998 to 2016 (the present). The paper also reflects on the current situation in dealing with the issue of the subsistence minimum and its impact on selected social benefits and personal income taxes in Slovakia. The results of the research helped us to propose recommendations on the issue of setting the subsistence minimum and the whole issue as such.

Raising Revenue and Raising Hell

2010 ◽  
Vol 28 (1) ◽  
pp. 227-234
Author(s):  
Christopher Capozzola
Keyword(s):  
Supreme Court ◽  
Income Tax ◽  
Income Taxes ◽  
The State ◽  
Personal Income ◽  
Estate Tax ◽  
The People ◽  
The Supreme Court ◽  
Trust Company ◽  
Treasury Department

It was a time of greenbacks, goldbugs, and grangers; milquetoast mugwumps; single-taxers, socialists, standpatters, and the Sugar Trust. Calls for more taxes filled the air. Populist Mary Lease urged Americans to “raise less corn and more hell,” and even Andrew Carnegie piously endorsed an estate tax “by which the State marks its condemnation of the selfish millionaire's unworthy life.” All that hell-raising pushed an income tax through Congress in 1894, but a year later, the Supreme Court granted relief to Charles Pollock, a ten-share stockholder in the Farmers' Loan and Trust Company, leaving Justice Henry Brown to moan in dissent that “the decision involve[d] nothing less than the surrender of the taxing power to the moneyed class.” The Populist Party demanded that “[t]he power of government—in other words, of the people—should be expanded … to the end that oppression, injustice, and poverty shall eventually cease in the land.” By the summer of 1914, oppression, injustice, and poverty were still around, but the Constitution had a Sixteenth Amendment, and the power to collect corporate excise and personal income taxes rested in the hands of the Treasury Department. But still, with all that hell-raising, I wouldn't wanted to work there.

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