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in subjects: "Taxation"

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Federal Excise Taxes on Tobacco Products: Rates and Revenues

This report examines increases in excise tax rates on tobacco products contained in the Balanced Budget Act of 1997 (P.L. 105-33). Under that act, the increased rates on tobacco products became effective in two stages. The first scheduled increase in rates occurred on January 1, 2000, while the second increase in rates occurred two years later on January 1, 2002

Date: April 28, 2005

Creator: Talley, Louis Alan

Item Type: Report

Partner: UNT Libraries Government Documents Department

open access

Tax Gap: Administration Proposal to Require Information Reporting on Merchant Payment Card Reimbursements

The high current and forecast budget deficits as well as pay-as-you-go (PAYGO) procedures have resulted in congressional and executive branch interest in raising additional revenue through proposals for improved tax compliance. The Bush Administration’s FY2009 budget includes a proposal (the proposal) to require each payment card processor to inform the IRS on the net dollar amount paid to reimburse each merchant (i.e., seller) for his payment card receipts in a calendar year. Payment cards con… more

Date: April 28, 2008

Creator: Bickley, James M.