Generally, tax credits are used by corporations with large federal tax burdens to directly reduce the taxes they pay. (climatedollars.org)
Especially in New York where Reed, Collins, Tenney and Katko felt it was a good idea to shift an additional nine to fifteen billion of federal tax burden onto New York residents. (nystateofpolitics.com)
Trump's promise to end state and local deductions — one element of his tax reform blueprint unveiled in April — would raise taxes on over one million middle - class New Yorkers and increase the city's federal tax burden by a whopping $ 7 billion, according to a new analysis from NYC Comptroller Scott Stringer. (nystateofpolitics.com)