Sentences with phrase «federal taxpayers in»

Preston Niblack, NYC Deputy Comptroller for Budget, told the panel that Comptroller Scott Stringer's analysis shows about 475,000 mostly middle - class federal taxpayers in the city would face higher tax liabilities under the TCJA.

Federal taxpayers in those states depend on the deductions to ease the burden of high state taxes.

The price tag for federal taxpayers in 2017 is about $ 7 billion.

Not exact matches

Even with federal tax reform up in the air, there are steps taxpayers can take now to save come April 2018.

Taxpayers» strategy in late 2012 that aimed at avoiding federal income tax hikes in 2013 produced a 10.8 % jump in state personal income tax collections in the fourth quarter of 2012 compared to the same period the previous year, researchers found.

However, most donors don't take a deduction for their charitable contributions: Federal data show that in 2016, taxpayers claimed $ 57.55 billion for their donations, with most of the deductions going to higher earners.

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.

Last year, Ontario imposed a contract on public - school teachers that eliminated bankable sick days, while back in June, Treasury Board president Tony Clement vowed to fight federal employee absenteeism, which he said was costing taxpayers millions.

Between 2010 and 2012, taxpayers in the Peach State claimed about 36 % of all federal tax deductions for easements — despite having only 2.5 % of the nation's land under easement, according to a May 2017 report that Looney, the former Treasury official, published for the Brookings Institution, where he's now a senior fellow in economic studies.

In January 1969, Treasury Secretary Joseph W. Barr informed Congress that 155 taxpayers with incomes exceeding $ 200,000 had paid no federal income tax in 196In January 1969, Treasury Secretary Joseph W. Barr informed Congress that 155 taxpayers with incomes exceeding $ 200,000 had paid no federal income tax in 196in 1966.

Taxpayers who prepay their 2018 - 2019 property taxes in 2017 can't deduct the prepayment on their federal tax returns because the county won't assess the property tax for the 2018 - 2019 tax year until July 1, 2018.

By enabling taxpayers to opt - in and pre-register with FEMA and the SBA through their tax filings, citizens can be spared the aggravation and delay in applying for federal disaster aid.

The federal tax schedule or table is a chart devised by the Internal Revenue System that aids the taxpayers in determining the federal income tax incurred for a particular year.

Under the new law, taxpayers can only deduct $ 10,000 in combined property taxes and other state and local taxes (SALT) from their federal taxes.

Keep in mind, the majority of education tax breaks are designed for taxpayers who are single filers or who use the «married filing jointly» filing status on their Federal return.

For every Tesla car sold (up to No. 200,000), federal taxpayers kick in $ 7,500 to lower the costs.

In 2013, the Walton family received $ 8 billion in tax breaks, $ 6.2 billion of which came from federal taxpayer subsidies handed to them because employee wages are so loIn 2013, the Walton family received $ 8 billion in tax breaks, $ 6.2 billion of which came from federal taxpayer subsidies handed to them because employee wages are so loin tax breaks, $ 6.2 billion of which came from federal taxpayer subsidies handed to them because employee wages are so low.

About 1 million taxpayers are eligible for about $ 1.1 billion in unclaimed federal income tax refunds for their 2014 federal income tax returns.

Taxpayers should take note that similar arguments for government «investments» in a business were put forward back in 2009 when the federal and Ontario government opted to «invest» in General Motors and Chrysler.

In other words, Quebec and federal taxpayers are being asked to pony up to protect the financial well - being of the family, which, incidentally, received approximately $ 150 million in dividend payments from Bombardier over the last decade, even as the company has yet to repay all the money its borrowed from the federal government in the pasIn other words, Quebec and federal taxpayers are being asked to pony up to protect the financial well - being of the family, which, incidentally, received approximately $ 150 million in dividend payments from Bombardier over the last decade, even as the company has yet to repay all the money its borrowed from the federal government in the pasin dividend payments from Bombardier over the last decade, even as the company has yet to repay all the money its borrowed from the federal government in the pasin the past.

Taxpayers in New Jersey pay income tax based on their gross income rather than their federal AGI.

[fn.3] As a result, this taxpayer previously taking the standard deduction but now itemizing could donate $ 10,000 to the state infrastructure program and save at least $ 11,120 — $ 10,000 in state taxes and $ 1,120 in federal.

Each of those four banks also have an outsized presence on Wall Street; each of them received taxpayer bailouts during the 2008 crash; each received secret, below - market interest rate loans from the Federal Reserve during the crisis; and three of them (JPMorgan Chase, Bank of America and Citibank) are currently holding tens of trillions of dollars in derivatives within the insured banking subsidiary — meaning there would be a forced taxpayer bailout if the derivatives blew up the bank.

According to Politico, late Monday night, the Department of Education told a federal appeals court that a court order blocking its ability to send any newly defaulted student loan borrowers to its hired debt collectors has cost taxpayers more than $ 5 million in lost collections since

Responding affirmatively in a letter to the editor published the next day, NAHB Chairman Kevin Kelly said that Rep. Carney's House bill to maintain a proper federal role in housing would encourage the private market to take a greater role in the mortgage marketplace and provide stability and liquidity for homeownership while limiting taxpayer exposure in the event of another downturn.

This taxpayer will generally get to deduct 20 % of his or her business income before calculating how much is owed in federal income tax.

She has also advocated for ending the pro-life Hyde Amendment, first enacted in 1976 and passed in some form ever since, which prevents taxpayer funding of elective abortions through federal programs like Medicaid.

«This decision again demonstrates the need for enactment of the No Taxpayer Funding for Abortion Act, which would permanently prevent taxpayer subsidies for abortion - covering health plans, both in ObamaCare and in other federal health benefits programs.»

I'm not sure a poll of federal taxpayers and parents would find the time and effort spent by these employees on the journal article — which I personally viewed purely as a form of reputational damage control — to be a worthy use of these funds when other aspects of our meal program are in clear need of improvement.

But if Congress increases reimbursement rates without reforming the use of federal funds in school food budgets, the end result could be significant costs to taxpayers coupled with little improvement in the quality of meals served.

And in that context, why shouldn't the federal government make those meals as healthful as practicable, especially since the consequences of poor childhood nutrition — obesity, obesity - related diseases, health care costs, lack of military readiness — are all borne in part by taxpayers?

Westchester County Executive George Latimer pointed to the $ 10,000 cap on state and local tax deductions by the federal government as having «changed the game» for taxpayers in New York, making the limit on tax levy increases all the more important.

It cost taxpayers $ 14.5 million to defend de Blasio and his aides in federal and state investigations of his shady fundraising practices, Corporation Counsel Zachary Carter revealed.

The measure would amend the state's tax law when it comes to how a taxpayer's income is calculated in order to avoid the state's tax burden increasing as a result of the federal tax overhaul.

A bill introduced Thursday night by Sen. Simcha Felder would change the state's tax law in order to address the federal tax overhaul that caps the amount of money taxpayers can deduct in state and local taxes at $ 10,000.

«Our state is being shortchanged, and New York taxpayers are bearing the brunt of Washington's unfair decisions,» Chiavacci Farley said in the video, tallying the federal imbalance of payments at $ 40 billion a year.

The state's governor and senior senator teamed up Monday to urge New York's congressional delegation to oppose a provision in the federal tax overhaul plan that they say could be harmful to the state's taxpayers and economy.

Regarding the change in the PIT outlook, the Enacted Budget Financial Plan says «taxpayers and employers appear to have been anticipating that the Federal government will lower personal income tax rates in 2017, prompting a shift of capital gains from 2016 to 2017» to an extent greater than DOB anticipated in the Executive Budget plan.

Cuomo is expected to overhaul the state's tax structure in his budget as a way to mitigate changes in the federal tax overhaul that could harm some New York taxpayers.

By eliminating the single largest expense in county budgets, federal legislation mandating a state takeover of local Medicaid costs promises relief for property taxpayers across New York.

That means taxpayers would no longer be able to deduct the amount they pay in state and local taxes — like income or property taxes — from their federal tax return, making it more burdensome for high - tax states to raise money for transit improvements.

He said in some parts of the state, including upstate New York, most taxpayers will benefit from the federal tax changes and the new, larger standard deduction.

Cuomo's office also released analysis claiming the elimination of the deduction would cost New York taxpayers $ 5,300 more in federal income tax on average.

The campaign in Oregon drew a lot of national attention over accusations that federal taxpayer money was being used to fund anti-legalization events.

Despite his six - figure income funded by taxpayer dollars, Terry has since 2000 amassed nearly $ 1.2 million in federal liens from the Internal Revenue Service and more than $ 205,000 in state tax warrants.

Opening arguments began this week in the federal corruption trial of Pedro Espada, Jr., and his son Pedro Gautier Espada, who are accused of using the Soundview Healthcare Network as «their own taxpayer - funded piggy bank» by funneling more than $ 500,000 from the organization and spending it on cars, spa treatments, and other personal luxuries.

De Blasio also hired an attorney to represent him personally in the federal and state probes and the city hired two white shoe law firms at taxpayer expense to represent the city.

Gov. Andrew Cuomo, pictured in an undated file photo, said Tuesday, May 24, 2016 he wouldn't reveal how much he expects taxpayers will pay for an internal review by a private attorney he hired to look into his administration's handling of the Buffalo Billion development project, which is now under federal investigation.

«There are 1 million taxpayers out of 9 million filers that are going to be substantially hurt» by the federal tax law, Wilde said in an interview.

WHEREAS, Erie County should be a leader in the prevention of Medicaid fraud and abuse and the Erie County Executive is determined to ensure that federal, state, and county taxpayers are protected through an aggressive and comprehensive program in conjunction with all potential partners to end fraud, waste and abuse in the delivery of Medicaid services; and,