But this obscures the real issue, which is excessive government expenditures.

The reduction in tax collection can increase disposable income.

When private incomes fall, so do public revenues.

The revenue implications would be significant.

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The profits exceeded all our expectations.

Why should those who make their income by gambling in Wall Street s casinos be taxed at a lower rate than those who earn their money in other ways.

Capital gains should be taxed at least at as high a rate as ordinary income.

Revenue and cost is a function of flow rate, our revenue is not quite simple.

In normal times, there are valid reasons for paying interest on excess reserves.

UNOPS generates revenue from several sources.

Profit is simply revenue minus cost.

My profits were just on paper.

Moreover, investment in public infrastructure and urban facilities will not create industrial over capacity instead, it will provide long term public consumption durables that households and companies will use for years to come.

It turned out that there was enormous excess capacity, and import substitution soon began, even in the midst of financial turmoil.

Despite all this, massive excess bank reserves remain unlent.

The most fundamental reform of housing markets remains something that reduces homeowners overleverage and lack of diversification.

But it s theoretical nihilism, Cochrane argues, to ascribe these excessive fluctuations to irrationality as Krugman does.

These numbers reflect the fact that IMF advice to countries facing budgetary pressures emphasizes the importance of sustaining expenditures on health and education. The Fund urges that savings be found in unproductive spending meaning excessive military spending, subsidies for the well to do, and inefficient administrative practices.

But this shouldn t be a threat at all, because the world has ample reserves of these elements.

The Fund urges that savings be found in unproductive spending meaning excessive military spending, subsidies for the well to do, and inefficient administrative practices.

Financial sector returns are likely to be lower.

Returns of 20 on equity targets are a thing of the past.

High salaries drove growth but reduced earnings.

Profits generated provided funds for expansion.

In order to fund this spending, revenues must be raised.

Corporate earnings in the first quarter improved sharply.

What's your pre tax income?

However, finding grey income hard to define and facing the popular belief that the earnings weren't illegal, the effort fell flat.

But the time will come when the banks will want to use their excess reserves to support more profitable lending.

Standards of living fall, incomes stagnate, hopes are dampened.

But, with today s dormant markets, the pickings are slim.

Party and state bureaucracies will lose power (and income).

Booming tax receipts have provided the government with a fiscal surplus.

This is dollar per person. This is HIV in the countries.

Employment and incomes soared, and savings piled up.

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Revenues are growing, but not as fast as costs.

His income is too small to support his large family.

His income was diminished by half after retirement.

High oil prices have created huge export revenues for Middle Eastern governments, which still want to park their earnings in American assets.

There is excess capacity in some heavy industries and in residential real estate markets in some second and third tier cities.

Income tax relief due in 2003 has been postponed.

Average incomes are amongst the lowest in the world.

The top 2 of Nigerians earn the same as the bottom 55 .