Sentences with phrase «addition to a tax increase»

«We want to make sure that in addition to no tax increases, we are controlling our borrowing,» added Klarides.

Not exact matches

In addition, 15 percent say they have increased their plan's cost - sharing to avoid reaching the excise tax thresholds, and 9 percent say they switched to a lower - cost health plan.

In addition, economists know that only legal markets can be taxed, and therefore many see the market for marijuana as a way to increase tax revenue while also making marijuana consumers better off (compared to a situation where only black markets exist).

The budget proposes $ 3.3 trillion in net policy savings over ten years, the result of $ 4.9 trillion of largely unspecified spending cuts and $ 1.6 trillion of tax cuts, in addition to $ 1.4 trillion of claimed savings due to increased economic growth.

In addition, the increases in corporate income tax and GST revenues to date well exceed the growth rates in their respective tax bases.

This time he thinks the Tories can be convinced to make changes, in addition to not increasing the annual contribution limit, like setting a lifetime limit on holdings that would be tax - free and making sure withdrawals count against income - tested programs like old age security and guaranteed income supplement.

These positive earnings drivers were more than offset by the combined impact of several factors, including increased energy - related provisions for credit losses, a 17 basis point decline in net interest margin, moderate growth of non-interest expenses, the addition of acquisition - related contingent consideration fair value changes reflecting performance within CWB Maxium Financial (CWB Maxium), higher preferred share dividends, and the 20 % increase to CWB's income tax rate in Alberta.

Fixing our debt will now require reversing the harm that has already been done with tax cuts and spending increases, in addition to confronting the rising costs of Social Security and Medicare with spending changes and / or additional revenue.

In addition, advances like quantum computing, when combined with what has been called a tsunami of data, will allow tax systems to handle an exponentially increasing amount of complexity.

In addition, accrual adjustments with respect to previous years lowered EI premium revenues but increased personal income tax revenues by a comparable amount.

In addition, the company would be a big beneficiary of corporate tax reform, with part of the stock's rally being due to increased hope that those benefits may become law.

In addition to possible increased capital - gains tax rates, buyers can be surprised by hidden taxes that can impact the transaction by as much as 50 percent in fees and penalties.

In addition to changes to the Climate Change Levy, the Government yesterday announced a review of other green taxes faced by businesses and an end to the commitment to increase environmental taxes» share of government revenue.

Gov. Andrew Cuomo's tentative $ 168 billion spending plan would increase fees and taxes in order to close a $ 4.4 billion shortfall in addition to capping spending at 2 percent.

However, the line suggests a growing cross-party consensus on a tobacco levy in addition to the de-facto yearly increase in tobacco taxes which are announced like clockwork during the Budget.

In addition to pointing out that four on - time budgets in a row is something that had not been seen for decades, the governor highlighted the property tax plan and the increased education aid.

«In the 2016 and 2017 budgets we were able to increase funding for things like subsidized child care for low - income families and an addition to County Police - without raising taxes.

The tentative framework, in addition to rent control's extension, included a $ 1.3 billion property tax rebate program, a 12 - month extension of mayoral control for New York City schools and a re-approval of the state's cap on property tax increases.

In addition to effectively managing Westchester's sewer districts, the County Executive has not raised the property tax levy in the general fund for seven years, and is committed to an eighth straight year with no tax increase.

In addition, the fund balance — money left over from the prior year, which can be used to reduce the tax levy increase if doing so leaves the town with a big enough cushion for emergencies — is also smaller, meaning that using it to provide tax relief may be difficult.

But Cuomo said the minimum wage increase, in addition to the Senate tax cut plan, were untenable for both majority conferences.

Spending increases lead to higher property taxes, which is why I vetoed $ 600 million in Legislative additions to the state's education budget.»

In addition, the 2013 tax levy of $ 96 million is an increase of approximately $ 14.9 million, or 18.4 percent, compared to the 2012 tax levy.

Usually, however, incremental increases in proposed school budgets represent only a fractional addition to local property - tax rates.

In addition to a 20 percent pay hike for teachers, they're seeking increased pay for support professionals, a permanent raise structure, and a freeze on corporate tax cuts until per - pupil spending reaches the national average.

You'll also gain some valuable tax diversification in retirement: Because Roth IRA distributions aren't included in your income in retirement, pulling money from that pot in addition to a traditional IRA or 401 (k) could allow you to keep your income in a lower tax bracket, potentially reducing the taxes on your Social Security benefits and lowering Medicare premiums that increase at higher income levels.

In addition, they call for mandated minimum annual RRIF drawdowns to be reduced, thereby increasing the amount of tax - deferred reinvestment available to seniors who want to lower their risk of outliving their money.

In addition to altering the tax brackets, the Tax Reform Act of 1986 eliminated certain tax shelters: It required people claiming children as dependents to provide Social Security numbers for each child on their tax returns, it expanded the Alternative Minimum Tax and increased the Home Mortgage Interest Deduction to incentivize homeownershtax brackets, the Tax Reform Act of 1986 eliminated certain tax shelters: It required people claiming children as dependents to provide Social Security numbers for each child on their tax returns, it expanded the Alternative Minimum Tax and increased the Home Mortgage Interest Deduction to incentivize homeownershTax Reform Act of 1986 eliminated certain tax shelters: It required people claiming children as dependents to provide Social Security numbers for each child on their tax returns, it expanded the Alternative Minimum Tax and increased the Home Mortgage Interest Deduction to incentivize homeownershtax shelters: It required people claiming children as dependents to provide Social Security numbers for each child on their tax returns, it expanded the Alternative Minimum Tax and increased the Home Mortgage Interest Deduction to incentivize homeownershtax returns, it expanded the Alternative Minimum Tax and increased the Home Mortgage Interest Deduction to incentivize homeownershTax and increased the Home Mortgage Interest Deduction to incentivize homeownership.

If you are using paid up additions to increase your cash value you need to be aware that over funding your policy will change the tax status of your policy to that of a modified endowment contract (MEC).

In addition, I seek out to build a dividend portfolio after - tax for consideration of increasing our income.

Features Tax Relief: The New Act and What It Means for Individuals Tax Strategies: In addition to adopting the largest of the president's 2001 tax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehiclTax Relief: The New Act and What It Means for Individuals Tax Strategies: In addition to adopting the largest of the president's 2001 tax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehiclTax Strategies: In addition to adopting the largest of the president's 2001 tax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehicltax cut proposals, Congress included a substantial number of reforms that provide significant increases to the maximum contributions allowed for retirement savings vehicles.

There are phase - outs of several tax reductions that are based on AGI, so an increase in AGI can increase the tax on your other income in addition to the 36.8 % or 18.8 % tax on the investment income.

Such expenses, such as adding central air conditioning or an addition to your home, increase the property's adjusted tax basis.

In addition, the law allows extended shutdowns for turbine inspections and could lead to a fourfold increase in taxes for all land - based wind farm operations.

Crucially, this would have to be achieved without increasing council tax for existing residents, relying more so on the new council tax income created by the addition of more housing.

The effect has been an increase in the tax payable on legal fees from five per cent to 13 per cent — a very hefty addition to your legal bill, particularly if you are an individual struggling to pay the fees in the first place!

I mentioned before that proponents argue that scaling back welfare programs will free up money to allocate to the UBI budget; in addition to that, they also think that if people will be getting money from the government, it makes the tax increase easier to swallow (if you're paying an extra $ 8,000 a year in taxes but getting $ 12,000 annually in UBI, you're still coming out on top).

If you are using paid up additions to increase your cash value you need to be aware that over funding your policy will change the tax status of your policy to that of a modified endowment contract (MEC).

People who are looking for safe guaranteed returns can use this tax benefit to further increase their money as they will now also save on tax in addition to getting the survival benefits, sum assured on maturity as well the bonus from the insurance company.

In addition, the impaired ability of these children to become productive young adults increases tax burdens on citizens, and worsens emerging workforce deficits.

In addition, up to $ 3,000 of losses, in excess of investment profits, can be deducted against ordinary income, increasing your portfolio's tax efficiency.

In addition, payments can be reduced to avoid the alternative minimum tax or increased during years when the taxpayer has a loss that will offset additional income.

The addition of 5G over the next few years will also increase mobile download speeds 10 to 100 times that of today's average 4G LTE connections, further taxing existing infrastructure.

In addition, the massive tax cut and increases in government spending will also lead to more consumer spending and the need to hire more workers, further fueling price pressure.

When it comes to taxes, the basic situation is this: If you have a rental property in addition to your personal property, your property taxes will increase.

In addition to providing consumers with appropriate disclosures, the purposes of RESPA include, but are not limited to, effecting certain changes in the settlement process for residential real estate that will result in (1) the elimination of kickbacks or referral fees that Congress found to increase unnecessarily the costs of certain settlement services; and (2) a reduction in the amounts home buyers are required to place in escrow accounts established to insure the payment of real estate taxes and insurance.