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A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...
Examples include exemption of charitable organizations from property taxes and income taxes, veterans, and certain cross-border or multi-jurisdictional scenarios. Tax exemption generally refers to a statutory exception to a general rule rather than the mere absence of taxation in particular circumstances, otherwise known as an exclusion.
The National Priorities Project, using a similar definition of "military purpose" as is in this bill, estimates that "[m]ilitary spending consumes 26 cents out of every individual income tax dollar. It makes up about 20% of total federal spending and over half of the discretionary budget." [citation needed]
Serving in the military is a hard job, with many service members spending long lengths of time away from their family and putting their lives on the line. There are perks that come with service ...
Conscientious objection to military taxation (COMT) is a legal theory that attempts to extend into the realm of taxation the concessions to conscientious objectors that many governments allow in the case of conscription, thereby allowing conscientious objectors to insist that their tax payments not be spent for military purposes. Some tax ...
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While certain tax programs like the earned income tax credit are targeted to people with lower incomes, according to the Center on Budget and Policy Priorities (CBPP) in 2013 the top 1% of U.S. households by income received approximately 17% of all tax expenditure spending and the top 20% received 51%. [1]
Taxation can be one of the more politically contentious ways to finance war. Raising taxes is often domestically unpopular, as people know that higher taxes reduce their individual abilities to invest and consume. As a consequence, raising taxes on a tax-averse population in order to fund a war might result in widespread anti-war sentiment.