Sentences with phrase «burden of additional taxes»

The owner, premium payer, does not have the burden of additional taxes while the policy is in force.

Not exact matches

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

However, the report also noted that «consumers bear 44 percent of the additional retail tax burden.»

The fiscal cost of «Reducing the Tax Burden» was somewhat lower than estimated in the January 2009 Budget estimate, yet an additional 2,000 were created by the measure in the latest Report.

Additionally, to provide additional tax - savings to area residents, the county will assume over half (52 %) of the Community College chargeback burden, which will amount to $ 3.6 million in savings to taxpayers across the county.

If he believes that the state's tax structure is a job - killer and one of the chief reasons why upstate New York remains mired in a permanent recession, he ought to ask for broader tax cuts, including a decrease in the state's personal income tax rate, which tops out at nearly 9 percent (that does not include the additional tax burden placed on city residents, who pay up to 3.8 percent in personal income taxes.)

We look at his clever framing of the anticipated additional tax burden for those high earners.

The problem with this argument is that it would do little to help taxpayers in the North towns who are burdened by additional property taxes to cover the costs of so - called chargebacks from Niagara County Community College (NCCC).

By placing this burden outside of the cap, school districts will be allowed to collect additional revenue from property taxpayers above the allowable Tax Cap, which runs contrary to the goals of the Tax Cap.

Provided an additional $ 76.6 million in Tax limitation aidfor districts with high residential tax burdens and for districts that provide a high amount of local per pupil funTax limitation aidfor districts with high residential tax burdens and for districts that provide a high amount of local per pupil funtax burdens and for districts that provide a high amount of local per pupil funds.

Included among the new revenue is a controversial 9.9 percent property tax levy, an additional tax burden of about $ 101 per homeowner.

A 2010 study by Andrew J. Coulson of the Cato Institute found that direct government expenditures, «but not tax credits, impose a substantial and statistically significant additional regulatory burden on participating private schools.»

A 2010 study by Andrew Coulson of the Cato Institute found that direct government expenditures, «but not tax credits, impose a substantial and statistically significant additional regulatory burden on participating private schools.»

We continue to have a school funding system that does not provide an equal educational opportunity for our children; does not meet the additional needs of the three student populations identified in our standard; and does not provide a fair and equitable school tax burden for property owners.

Opponents of the bond question the accuracy of the county's enrollment projections and worry that residents will be burdened by both the 10 - percent property tax increase and the additional debt they'll incur if the measure passes.

Making the situation even more unfair, Malloy has provided no meaningful additional support for public schools in Connecticut's middle - income communities meaning that the burden of local property taxes has become even more unfair for middle - class families.

The VA Funding Fee goes directly to the VA to ensure the program keeps running for future generations of military homebuyers by removing any additional burdens off tax payers and veterans.

It also suggests that when the redemption price of life insurance nears the life settlement value of a policy, careful consideration needs to be given to determine whether the additional tax burden of selling on the life settlement market justifies the transaction.

Depending on the amount of the original debt, this additional tax burden could put you in a worse situation.

This represents a steep change from the range of previous tax evasion offences and is a significant additional burden for firms.

We would now be asking them to shoulder an additional tax burden, and also to brace for a 15 percent drop in home values — that's how much we can expect values to fall as buyers discount the value of the deduction in their purchase offers.

The VA Funding Fee goes directly to the VA to ensure the program keeps running for future generations of military homebuyers by removing any additional burdens off tax payers and veterans.

Suburban REALTORS Alliance Position The Alliance is opposed to increases in the current transfer tax for the following reasons: 1) As the transfer tax is levied only on buyers and sellers of property, the burden per taxpayer is greater than the burden from a more broad - based tax designed to generate the same amount of revenue; 2) Since public transportation is a benefit that is open to all members of society, the charge should not be placed solely on buyers and sellers of property; 3) The transfer tax adds additional burdens on first - time home buyers saving for a down - payment and covering the closing costs and runs contrary to existing federal, state, and local programs including the mortgage interest deduction, low interest property maintenance loans, and grants to first time homebuyers; 4) A real estate transfer tax is a state and local tax assessed on real property when ownership of the property is exchanged between parties.

Shcherbinina says this will result in huge queues of brokers in notary offices and additional financial burden on real estate buyers, who will have to pay for notary services and state tax.

The purpose of this benefit is to not penalize seniors with additional property tax burdens for making a lifestyle change.