Sentences with phrase «taxes hit $»

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Not exact matches

But, if you make more than $ 200,000 a year, you'll likely be hit with additional taxes to help cover the cost of expanding Medicare.

Revenue has hit $ 1 billion on an annualized basis, and Houston says the company is generating a profit, excluding interest, taxes, depreciation and amortization.

Individuals with a net worth of close to or more than $ 11 million ($ 22 million for couples) can still lower the tax hit to their heirs with the use of trusts and estate - planning strategies.

That marked an 8.5 percent rise from a low of $ 7,834 hit Tuesday, which was the original deadline to file taxes this year.

Profits at international bank Standard Chartered grew by a fifth, as it hit $ 1.26 billion before tax thanks to a growth in loan demand.

The analyst says Goldman's disclosed $ 5 billion hit to fourth - quarter earnings from the new tax law «makes the outlook for 2018 somewhat better.»

Bank of America said in a Dec. 22 filing it expects a $ 3 billion hit to fourth quarter results as a result of the Tax Cuts and Jobs Act.

Income above that threshold is subject only to the 2.9 percent Medicare tax, and earnings above $ 200,000 ($ 250,000 for married couples filing jointly) also get hit with an additional 0.9 percent Medicare tax.

The latest figures on tax revenues from the Colorado Department of Revenue hit a new high in the month of August, with recreational sales totaling about $ 34.1 million, compared to $ 29.3 million the previous month.

CNBC's Robert Frank reports on wealthy Americans giving to charity hitting an all - time record, the Playboy Mansion selling for $ 105 million dollars, and the upcoming tax bill for Reid Hoffman, LinkedIn Co-Founder, after his company's takeover bid from Microsoft.

Best of all, it's unlikely there will be a repeat of 2010, when the tax hit zero and B.C. producers flooded the U.S. market with so much wood that the index crashed to $ 245, almost instantly resurrecting the entire 15 % levy.

The top marginal income tax rate of 39.6 percent will hit taxpayers with taxable income of $ 418,400 and higher for single filers and $ 470,700 and higher for married couples filing jointly.

The $ 86 bln charge - card group took a big hit from December's tax revamp.

You'll only be hit with a gift tax after you reach your lifetime limit of $ 5.34 million.

Berkshire estimates that its hit will total $ 2 billion after taxes, or less than 1 percent of its net worth.

Quick Hits: I received a combined federal / state tax refund of just over $ 2800 which I quickly put to work initiating two new positions for my portfolio.

Dividends also took a hit with the insurer declaring a final dividend of 4c per share, down from the 33c payout a year ago, after catastrophe claims contributed to a $ 632 million after tax cash loss during the second half.

After cryptocurrencies hit record highs in 2017, US investors will be on the hook for approximately $ 25 billion worth of cryptocurrency - related taxes, according to Fundstrat Global Advisers.

Goldman Sachs reported a nearly $ 2 billion quarterly loss in the quarter, due to a hit from the new tax law and a decline in trading revenue.

Citi took a $ 22 billion accounting hit and reported an $ 18.3 billion loss for the fourth quarter of 2017, reflecting a reduction in the value of deferred tax assets.

2017 was a record sales year for 3M, but a one - time tax hit its profits and drove its FCF to a lower - than - expected level of around $ 4.9 billion.

Even with a $ 408 million financial hit due to tax reform, the company remains in good shape as it transitions to Series 6 production and raised its 2018 guidance as it plans to bring back some Series 4 capacity to meet its 2 + year backlog of demand.

Second, the whole set of tax cuts and credits that have been enacted over the last 10 years total up to $ 400 — 500B annually will expire on Dec. 31, so they will hit the economy like a ton of bricks if not extended.

In the United States alone, just those companies in the S&P 500 have been hoarding more than $ 1.9 trillion in cash which began in response to jurisdictional tax disparities and global economic uncertainty following the Great Recession, then accelerated over the past decade as big U.S. corporations accumulated profits offshore in lieu of repatriating the funds and taking a tax hit.

Once you hit $ 0 due to this credit, you can receive 40 percent of the remaining amount as a tax refund, not surpassing a limit of $ 1,000.

Married couples making between $ 59.3 K and $ 71.0 K will be hit the hardest with their marginal tax rate rising from 15 % to 28 %.

Scotiabank to cut 1,500 jobs and close 120 branches at its international banking arm, after a $ 341 - million hit after taxes to fourth - quarter earnings

The report includes facts about lobbying spending that hit $ 2 billion in the last election cycle, and continues unabated, Wall Street executives in the Trump administration and regulatory agencies, tax cut windfalls for the finance industry, and a deregulatory free - for - all.

Net income was down sharply on a GAAP basis due to one - time impacts from tax reform, but after accounting for those hits, adjusted income of $ 1.2 billion worked out to adjusted earnings of $ 1.14 per share, topping the consensus forecast for $ 1.12 per share.

The $ 10,000 limit, which became effective for the 2018 tax year, will hit many taxpayers in states with high incomes, property values and taxes.

Also at 11:30 a.m., members of the Stop the Cuomo Tax coalition and other advocacy leaders mark the passage of one year since the state PSC voted to approve Cuomo's estimated $ 7.6 billion bailout by releasing new figures that detail the financial hit to ratepayers to date, LCA pressroom, state Capitol, Albany.

On the other hand, in another excerpt regarding their Valley Energy project in the Town of Wawayanda, CPV's press release declares: «The project will also provide more than $ 30 million in local tax revenue, with the majority going to the local school system, which has been hit hard, in recent years by budget cuts.»

STATEN ISLAND, N.Y. - Homeowners who repaired their homes hit by Hurricane Sandy will no longer be on the hook for higher tax bills - Gov. Andrew Cuomo signed a bill Thursday paving the way for $ 4 million in property tax relief for storm victims.

From 2009 to 2013, the Internal Revenue Service hit Massey and his wife with three federal tax liens totaling $ 4.1 million, according to records filed with Westchester County Clerk.

In 2000 the League was hit with a $ 525,830 federal tax lien, interest and penalties adding onto the bill.

Assembly Speaker Sheldon Silver (D - Manhattan), whose liberal, tax - and - spend - friendly conference is expected to be Cuomo's biggest budget opponent, has indicated he wants to continue a soon - to - expire «millionaire's tax» that actually hits single wage earners making $ 200,000 and up.

-- Opioid epidemic surcharge ($ 127 million): With New York among the states hit hardest by the heroin and painkiller addiction epidemic, Cuomo is looking to place a 2 - cents - per - milligram tax on opioids sold in the state, to be paid by drug manufacturers.

Suozzi spokesman Jeff Guillot focused on contributions by Maidenbaum and others who represented tax refund companies, saying: «In the last three weeks, as residents were hit with higher taxes due to his mismanagement, Ed Mangano's campaign has been bankrolled by $ 160,000 from tax attorneys who profit from the broken assessment system.»

New York has become the first state in the nation to respond to the federal government's new tax code with mechanisms intended to shield its treasury from an estimated $ 14 billion hit.

This comes as Assembly Speaker Sheldon Silver told me yesterday that his one - house budget would include a millionaire's tax with a higher threshold — perhaps as high as $ 1 million — and GOP Sen. John Bonacic broke with his conference to say he would introduce a bill to continue the millionaire's tax as long as it truly lived up to its name and no longer hit people who earned less than $ 1 million a year.

New York has sold $ 35 billion of bonds backed by the personal - income tax, a levy that Cuomo wants to largely do away with to protect residents from being hit by new federal limits on state and local tax deductions.

New York has sold $ 35 billion of bonds backed by the personal - income tax, a levy Cuomo wants to largely do away with to protect residents from being hit by new federal limits on state and local tax deductions.

Cuomo said the Senate version is no better than the House bill passed earlier this month that would end state and local tax deductions, which would particularly hit high - tax states like New York, though it does retain property tax deductions of up to $ 10,000 a year.

Long Island is No. 1 on a list of the top 10 metro areas in the US with the greatest share of homeowners who pay $ 10,000 or more in property taxes annually, and thus would be hit hardest by the federal tax bill.

In the latest hit, both Staten Island lawmakers were removed from a bill giving $ 4 million in property - tax relief to homeowners rebuilding after Hurricane Sandy.

He added that the law would also hit the city indirectly «lowering the corporate tax rate to 21 % devalues low - income housing tax credits, which could impact our affordable housing plan by some $ 200 million annually.

And it's also important to remember that what the WFP is demanding is a millionaires tax in name only — it actually hits individuals making $ 200,000 a year and couples with $ 300,000 in income.

He wants to hit up NY for another $ 14B annually, says,» why not let's tax them at higher rates and let my Southern goober friends just stay on the gravy train!»

While heaping plates of rehash were served up, Cahill did make the point that in his estimation Hein has more than enough in surplus stashed away to easily weather the estimated $ 6 million hit the part - year loss of a percentage point on the sales tax will cost the county.