Sentences with phrase «pit estimated payments»

Withholding tax payments are up just 0.9 percent, or $ 139 million, while PIT estimated payments are down a whopping 9.3 percent, or $ 966 million, including another $ 130 million (5 percent) dip in September receipts alone.

Not exact matches

September is an especially important month for evaluating the outlook for PIT receipts, because it marks the mid-point of the fiscal year and because Sept. 15 is one of four quarterly filing periods for estimated tax payments by investors, business owners and self - employed people.

The PIT shortfall was concentrated in the category of estimated payments, due quarterly from high - income residents and self - employed business owners — including most of the highest - earning 1 percent of New York taxpayers, who bear 42 percent of the total income tax burden.