The $ 168.3 billion budget passed by state lawmakers at the end of March includes
changes to the tax codes issued «to help ease the pain of the new federal tax code for homeowners expecting to see their taxes go up,» according to CBS New York.
Not exact matches
Changes to the
tax code are genuinely needed, but the Trudeau government badly misread the public mood on the
issue.
«We take
issue with HMRC's rationale that this is about flexibility; specifically that delaying advice
to taxpayers about
changes to their
tax codes will improve its service especially during busy periods (such as self - assessment or
tax - credits renewals).
State Comptroller Tom DiNapoli
issued a report that finds New York residents «stand
to lose more than $ 72 billion in reported deductions for income and property
taxes» if the proposals
to change the federal
tax code are approved.
Some common sense too, if I own a trailer manufacturing company, contract in that company name
to expand my operation,
change my mind, sell the contract, there won't be any
issue bottom line, but if my company is XYZ Flipping Homes, paying
taxes under a
tax code of a real estate operator, I can be hammered.