Sentences with phrase «as a taxpayer of»

As a taxpayer of Blair County, Pennsylvania, I have already contributed my share to this trial.

«As a taxpayer of this state, I would hope the legislators are cognizant that creating mandatory minimum sentences creates a financial consequence to the state,» said Cook County Judge Nicholas Ford.

Not exact matches

«In general, higher income households receive larger average tax cuts as a percent age of after - tax income, with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution,» TPC's report said.

In his string of tweets, Trump argued that Amazon was costing taxpayers «billions of dollars» for using the Post Office as its «delivery boy.»

With the doubling of the standard deduction, Americans will largely move away from itemizing their deductions, and as a result, charities fear that taxpayers will also lose their incentive to give.

As a condition of receiving taxpayer - funded bailouts, governments ordered GM, Chrysler and their unions to bring labour costs in line with Toyota, Honda and Nissan.

In August, the Supreme Court of Canada ruled that taxpayers who devote a «significant emphasis» to farming activity that is subordinate to their primary source of income are no longer limited to the $ 8,750 deduction limit under Section 31 of the Income Tax Act for losses from business ventures such as thoroughbreds.

That means, roughly speaking, that about $ 488 million of those costs were borne by taxpayers or absorbed as losses by other parts of the medical sector.

As a result, the entire burden of funding education in Manitoba will fall on working - age taxpayers.

The tax was suggested by the IMF as a way to force banks to fund their own bailouts in times of crisis, rather than drawing from taxpayers» pockets.

As taxpayers this translates to savings in the millions of dollars.

«As the President indicated in his June 1 announcement and subsequently, he is open to re-engaging in the Paris Agreement if the United States can identify terms that are more favorable to it, its businesses, its workers, its people, and its taxpayers,» the State Department said in its press release about the formal notice of withdrawal.

Just as critically, banks were on the verge of collapse, and were bailed out with billions of dollars in taxpayer money.

Labour MP John Mann told BBC Radio 5 Live: «He's taking the mickey out of the taxpayer... and he should stand down as an MP.»

Two members of Congress on Wednesday accused big drugmaker Mylan of «bilking taxpayers out of millions of dollars» by underpaying Medicaid in rebates owed on sales of the lifesaving device, as they vowed to recoup that money.

So did taxpayers: the U.S. government pumped billions of dollars into GM's and Chrysler's financing arms as part of broader efforts to rescue both manufacturers.

Admittedly, it takes a rather mundane $ 135,055 of individual annual income to make it into the top federal tax bracket in Canada, as opposed to more than US$ 400,000 in the U.S. Taxpayers who fall below that U.S. threshold are, generally speaking, better off south of the border.

As a result, the bank will need further capital, part of which will come from a government loan — meaning that taxpayers» money will be used once again to support the banking system.

Although there are no guarantees that anyone other than the taxpayer involved will receive the promised treatment, private letter rulings serve as useful barometers of the IRS's thinking.

Brady drew his battle lines on the entire elimination of the SALT deduction, a major concern for taxpayers in high - tax, typically Democratic - leaning states such as...

But as of December 31, 1991, the IRS no longer settles for 100 % of last year's bill in cases in which taxpayers earn adjusted gross incomes of at least $ 75,000, paid quarterly estimated taxes during any of the three previous years, and earn $ 40,000 more than they did last year.

In those cases, the IRS has said that it will allow taxpayers to request clarification of the tax laws as they relate to an individual's or a company's very specific set of circumstances,» explains Eileen J. O'Connor, a partner in the Washington, D.C., tax office of accounting firm Grant Thornton.

The scammers follow up with the taxpayer, either posing as the IRS or debt collectors demanding the return of the fraudulent tax refund.

«As stewards of the taxpayer, we need to know why CMS continues to pay for this drug when Tricare and the nation's top insurance providers have severely restricted reimbursements for this drug,» Scott's letter said.

As secretary, Price criticized the Medicaid health program for low - income people, saying it doesn't deliver results commensurate with the hundreds of billions of dollars taxpayers spend on it.

By contrast, as much as 80 per cent of taxpayers in the top 0.01 per cent of income earners were CCPC owners.

Solely for the purpose of determining the date on which debt allocated to an account under paragraph (c)(4)(i) of this section is reallocated, the taxpayer may treat all expenditures made during any calendar month from debt proceeds in the account as occurring on the later of the first day of such month or the date on which such debt proceeds are deposited in the account.

However, if a deduction for nonitemizers were combined with a reasonable floor applied to all taxpayers, much or all of the revenue loss due to noncompliance would be eliminated, as would the added complexity.

Rockefeller expects state and local tax revenues to fluctuate over the coming quarters as a result of the tax bill, as high - income taxpayers look for new loopholes in the law and adjust their behavior accordingly.

If, on the other hand, you're one of the tens of millions of able - bodied Americans who have benefitted from record welfare spending that's not nearly as means - tested or fraud - free as it should have been, it's time to take your hand out of the taxpayers» pockets and get to work.

As a result, the number of AMT taxpayers fell from 4.6 million in 2012 to about 4.2 million in 2013.

[32] Most importantly, the IRS administers the premium tax credits to help millions of near - poor and middle - income taxpayers afford coverage in the health insurance marketplaces as well as assistance with health insurance deductibles and co-payments for taxpayers with modest incomes.

It could be a tough sell for the president as he fights with saturation coverage of Hurricane Harvey and as Democrats prepare to frame Trump's approach as a giveaway to corporate fat cats and the nation's richest taxpayers.

If Congress had not enacted the 2001 and 2003 tax cuts, 10 million taxpayers would owe the AMT in 2007, according to estimates by the Urban Institute - Brookings Institution Tax Policy Center; reducing the number of affected taxpayers to several million, as the House - passed AMT «patch» bill would do, would have cost less than $ 15 billion.

The Rockefeller Institute of Government, which released a new state revenue report on Monday, said that «The Tax Cuts and Jobs Act (TCJA), enacted in late December 2017, created strong incentives for some high - income taxpayers to act fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.»

«State and local tax revenues will likely continue to fluctuate in the coming quarters as various entities, including states, high - income taxpayers, pass - through entities, corporations, and tax professionals are examining the new rules of the game, exploring loopholes, and looking into ways to minimize tax liability in light of the new provisions of the TCJA,» Daydan wrote.

In determining a taxpayer's eligibility to claim a dependency exemption, these proposed regulations change the IRS's position regarding the adjusted gross income of a taxpayer filing a joint return for purposes of the tiebreaker rules and the source of support of certain payments that originated as governmental payments.

He is expected to discuss lower rates for middle - income taxpayers as an instant pay raise for everyday Americans, while arguing that lowering the corporate tax rate would make it easy for companies to expand — improving Americans» quality of life.

Tax expenditures are special provisions of the tax code such as exclusions, deductions, deferrals, credits, and tax rates that benefit specific activities or groups of taxpayers.

Such an arrangement, known as private - sector involvement, or P.S.I., has been pushed by Chancellor Angela Merkel of Germany as a way of forcing banks, not only European taxpayers, to foot the bill for bailing out Greece.

Examples include provisions that allow immediate expensing or accelerated depreciation of certain capital investments, and others that allow taxpayers to defer their tax liability, such as the deferral of recognition of income on contributions to and income accrued within qualified retirement plans.

If the standard deduction is larger than the sum of your itemized deductions (as it is for many taxpayers), you receive the standard deduction.

The fiscal cliff, off which U.S. taxpayers may have to leap on Jan. 1, 2013, if the Bush tax cuts expire, is seen as being the inevitable consequence of Washington lawmakers» infighting unless President Obama and Congress honestly confront this deadline in an election year.

The American Bar Association has recommended that the IRS offer taxpayers temporary safe harbor regarding cryptocurrency that they acquired as the result of a hard fork.

Hensarling and other Dodd - Frank critics have called that ability — known as «orderly liquidation authority» — a bailout, even though any taxpayer money used is supposed to be recouped from the sale of the company's assets or an assessment on the financial industry.

As Paulson, Geithner and the Federal Reserve chairman, Ben Bernanke, raced to bail out banks and companies like A.I.G., Bair resisted, fearing that they were being overly generous by putting the interests of bondholders over those of taxpayers.

We're seeing a lot of proposals in Congress that aren't accompanied by a lot of thought or analysis of what impact a deep cut in travel budgets could have,» such as a reduction in services for taxpayers and for veterans, and fewer job - related conferences.

As many as 50 million taxpayers would qualify, including most of those who take the standard deduction and rely on wages for most of their incomAs many as 50 million taxpayers would qualify, including most of those who take the standard deduction and rely on wages for most of their incomas 50 million taxpayers would qualify, including most of those who take the standard deduction and rely on wages for most of their income.

Most of these deals go through a privatized economic development agency called JobsOhio, which doesn't require as much transparency as a public agency about what taxpayers are getting for their money.

Therefore, taxpayers will be required to determine the fair market value of virtual currency in U.S. dollars as of the date of payment or receipt.