Sentences with phrase «about state income taxes»

That covers federal income taxes — what about state income taxes?

State and Local Government on the Net Access a directory of state, county and city government websites to find information about state income taxes and state and local sales taxes.

Visit your state's official website for more information about the state income tax laws that affect you.

Not exact matches

Income and taxes: Corporate taxes are about the same in the United States and Canada, but personal taxes are slightly lower down south.

By the time you deduct federal income tax withholding, FICA, Medicare, and state income taxes, Tom's net pay would be about $ 1,500.

With that increase, the share of the income tax in total state tax revenue increased by about 19 percent.

Taxes as a percentage of income in the nation's capital are about 21 percent, which is a higher percentage than in a majority of states.

About one - third of tax filers opt to itemize deductions on their federal income tax returns (figure 1), and virtually all who do itemize claim a deduction for state and local taxes paid.

Despite the wide range, estimates from the U.S. Census Bureau show that the average state and local income tax rate is about 9.9 %.

These states would need to think hard about how to implement the change in a way that ensures those families still get the benefits they receive under the current income tax regime.

As we've established, Nevada has no state or local income taxes, however residents do still have to think about federal taxes.

This is an extension of the state income tax stuff we talked about a couple of weeks ago.

And there's about another 15 % recombination of state and local and federal income taxes.

Plus as stated above the smaller taxes you don't think about do nt add up to as big a percentage of your income.

Rather than talking about marginal tax rates — which few people fully understand — savvy politicians should support a law that would state that no citizen can be compelled to give more than half of his annual income to any government entity.

The new tax would raise about $ 3 billion above and beyond the state revenue raised by a 7.5 per cent state mining royalty and the income tax that they pay the commonwealth on profits earned.

Tentative deals have been reached on parts of a new state budget, including about $ 1 billion in additional funding for public schools, a work - around for some higher - income New Yorkers to reduce the impact of new federal tax deduction limits, and a freeze on what Albany sends to local governments around the state.

But last year's increase in the state personal income tax only raised $ 3.6 billion — about $ 600 million less than anticipated, he said.

There is much for business to be encouraged about with the emphasis on holding growth in overall state spending to under 2 percent while promoting private sector investments and job creation, and increasing in - state personal income, through broad - based business tax relief.

Republican U.S. Senate candidate Wendy Long released her 2011 taxes to reporters on Friday, showing she and her husband Arthur Long have a combined income of $ 1.24 million and paid a combined state and federal tax rate of about 37 percent.

Boosting concerns about underlying economic conditions, the weakness is concentrated in the state's largest revenue category, the personal income tax (PIT).

The higher tax rates — including a 10.32 percent rate for the roughly 100 people with New York taxable incomes over $ 100 million annually — will bring in about $ 5.6 billion in additional annual revenues for the state.

About half the people in New York state do not pay income taxes.»

About 3.4 million New Yorkers deduct what they paid in state and local income and property taxes on their federal returns, according to IRS data.

Senate Majority Leader John Flanagan, says he's concerned about converting the state income tax to a payroll tax.

He paid about $ 55,000 in state and federal income taxes and gave $ 11,000 to a charity for the homeless that he founded over 30 years ago.

The answer may depend on which «middle class» is being talked about: New York's higher - income, higher - taxed middle class or lower - income, lower - taxed counterparts in states like Mississippi and Texas.

During a speech Tuesday night about his 2017 proposed state budget, the governor said that the median income tax statewide was $ 1,874, while the median property tax was $ 4,703.

By comparison, the median top rate for all states with income taxes is about 6 percent.

So, what's going on with the state personal income tax — which accounts for about two - thirds of all tax revenues?

Cuomo in recent months has been outspoken about the federal tax cut plan hurting high - tax blue states like New York and California by severely restricting the federal deductibility of state and local income and property taxes.

«Getting permission from the state for a local income tax about one percent that would be paid by city residents, and also commuters coming into the city, that would be used for both the city side and school district side,» Humphrey said.

Seattle's wealthiest will become the only Washington state residents to pay an income tax under legislation unanimously approved by the City Council, a measure designed as much to raise revenue as to open a broader discussion about whether the wealthy pay their fair share.

The state action would do nothing about changing the provision in the federal tax act that would severely restrict the federal deductibility of state and local property and income taxes.

HCR's Housing Finance Agency provided $ 8.3 million through tax exempt bonds, a $ 2.9 million Medicaid Redesign Team loan, and mortgage insurance through the State of New York Mortgage Agency; $ 1.5 million loan from OTDA's Homeless Housing Assistance Program; $ 1 million loan from the Federal Home Loan Bank of New York; about $ 5 million in Low Income Housing Tax Credit equity; $ 1.9 million in estimated New York State Historic Tax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equitax exempt bonds, a $ 2.9 million Medicaid Redesign Team loan, and mortgage insurance through the State of New York Mortgage Agency; $ 1.5 million loan from OTDA's Homeless Housing Assistance Program; $ 1 million loan from the Federal Home Loan Bank of New York; about $ 5 million in Low Income Housing Tax Credit equity; $ 1.9 million in estimated New York State Historic Tax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equiTax Credit equity; $ 1.9 million in estimated New York State Historic Tax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equiTax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equiTax Credit equity.

State Democrats stepped up their calls on Monday for Republican gubernatorial candidate Rob Astorino to release five years worth of tax returns, saying in an open memo to reporters there are «unanswered questions about his outside income.»

The national and state Republican Parties talk a lot about the virtues of low taxes for businesses and individuals, and particularly for high income individuals.

Upstate counties only provide about 18 percent of the state's income tax revenue.

Why doesn't Gov. Cuomo talk more about the hugh income and wealth gap in the state; more about having the wealthy pay their fair share; talking about the hugh bonuses and salaries on Wall Street; and the already existing stock transfer tax (16 - 18 billion revenue)?

Its owners, Kathleen and Anthony DiSpirito, have two young children and pay about $ 8,000 annually in state income, property, school and sales taxes, said Schumer.

NEW YORK, NY (12/06/2011)(readMedia)-- The New Deal for New York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the state.

Canvassers will talk to thousands of New Yorkers in State Senate and Assembly districts in Saratoga, Troy, Syracuse, Buffalo, Niagara Falls, Yonkers, Poughkeepsie, Newburgh, New York City and Long Island about how extending the additional income tax surcharge on the state's highest earners could prevent more drastic budget cuts, and create opportunities to invest in job creation and infrastructure in New York SState Senate and Assembly districts in Saratoga, Troy, Syracuse, Buffalo, Niagara Falls, Yonkers, Poughkeepsie, Newburgh, New York City and Long Island about how extending the additional income tax surcharge on the state's highest earners could prevent more drastic budget cuts, and create opportunities to invest in job creation and infrastructure in New York Sstate's highest earners could prevent more drastic budget cuts, and create opportunities to invest in job creation and infrastructure in New York StateState.

The deal will include adjustments to corporate taxes that lead to about $ 10 million in cuts for companies — including exemptions for personal income taxes for people in the state less than 15 days, expanded enterprise zone benefits and a cap on the added liability from mandatory unitary reporting for large corporations.

Hawkins said the whole package of tax reforms he is advocating will generate about $ 30 million in additional revenue for the state while providing tax relief to low - and middle - income people.

In Connecticut, where there has been much discussion about whether millionaires are moving out of state, there is a 6.99 percent tax on incomes of $ 500,001 or more.

He said the GOP tax plan could, in effect, raise the state income tax rate from about 8 percent to 12.7 percent for the wealthiest New Yorkers, who primarily live downstate.

Stefanowski, who also has accepted about $ 150,000 in individual contributions, paid a $ 50,000 consulting fee to Arthur Laffer, a former economic adviser to President Ronald Reagan, presumably for a plan to eliminate the state income tax that he and Laffer promoted around the state in December.

With only about a week left until the income tax deadline, the New York State Attorney General's Office is warning taxpayers about scams.

It's the perfect way to see who is single in State Of Alabama Income Tax, what we're all about, and it's free.

And saying that states and localities can choose to forgo federal funds if they don't wish to comply sounds about as voluntary as saying that paying your income tax is completely voluntary because you can always refuse and choose to go to jail.