Sentences with phrase «cent tax rate came»

Within budgetary revenues, personal income tax revenues declined by $ 1.2 billion (0.8 %), largely reflecting the impact of tax planning by high - income individuals, which recognized tax liabilities in the 2015 taxation year before the new 33 per cent tax rate came into effect in 2016.

Not exact matches

The change would be eliminating the dividend refund that comes later, which could bump the effective tax rate on passive income, in cases of high income earners, to the 70 - per - cent - plus level Poilievre talks about.

In contrast, the Trump proposal creates sheltering opportunities by reducing to 15 per cent the tax rate on any income that can be characterised as coming from an incorporated entity.

One rare exception to this flurry of higher tax activity came in 2016, when the federal government dropped the rate for one middle income bracket, to 20.5 per cent from 22 per cent.

One success story came in Waukegan, where the Park District passed a proposal allowing it to upgrade existing facilities and expand recreational programs by increasing its tax rate by 25 cents per $ 100 of equalized assessed valuation.

The financial fate of the Addison Park District is in the hands of the voters, and park district officials are hoping they will be generous when it comes to approving a 12 - cent increase in the tax rate.

Paying off the interest and principal from the borrowing would come from a 10 - cent increase in the state's gas tax, half of a percent increase in the income tax rate for those who earn between $ 500,000 and $ 2 million and a $ 60 million contribution from New York City in the first year, with an extra $ 60 million added every year to the fifth year, capped at $ 300 million.

One important moment came in last year's pre-Budget report, when Darling announced a plan to bring in a new 45 per cent rate of income tax on earnings above # 150,000 a year in 2011.