Sentences with phrase «fact the state tax»

If your state takes its income tax base as your line - 43 income («Taxable Income»), then in fact the state tax was deductible to your state tax, and you would need to report it as income the next year.

Not exact matches

In fact, millions of people stand to see higher tax bills because of the elimination or curtailment of deductions such as one for state and local taxes, according to the Joint Committee on Taxation, the nonpartisan official scorekeeper for Congress.

In fact, we are one of the most highly taxed states in the entire country per capita.

We should note that one of the biggest beneficiaries of the fact that lower corporate taxes result in higher executive compensation is Secretary of State Rex Tillerson.

New York, California and other high - tax states would be hard hit by the removal of that deduction, a fact seized upon by Democrats to bolster their argument that Trump's plan is a gift to the wealthiest Americans and the corporate sector.

New York, California and other high - tax states would be hard hit by the removal of that deduction, a fact seized upon by Democrats to bolster...

In fact, Connecticut also is one of the least tax - friendly states for retirees, another GOBankingRates» survey found.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

Most people would pay the tax penalty for being uninsured instead of purchasing insurance on the exchanges, because paying full cost for insurance remains unaffordable for practically everybody — it's a fact that medical costs in the United States are out of control.

• The internet giant collects sales taxes on its own products in all 45 states that have one, but third - party vendors who sell products on the site often do not collect sales tax, a fact that rivals say is unfair.

In fact, only account owners are generally eligible for state tax deductions.

In fact, if you're an officer of a C - corporation or the owner of an S - Corporation, you're legally required to receive a regular salary with withholdings for Social Security, Medicare, and federal and state income taxes.

This fact is important because debt issued by New York, for a New York resident, is generally free from federal, state, local, and federal alternative minimum taxes.

In fact, Credit Karma said that out of the quarter million individuals that have already filed their taxes through the company, less than 100 individuals reported a single cryptocurrency transaction to United States tax authorities.

In fact, in the United States, IRS cops are making statements surrounding a crack down on cryptocurrency tax evaders and other criminals associated with digital currencies.

I'm not sure that with the already abysmal state of education in this country, why I should be expected to be tolerant while my children are taught falsehood and belief as fact, especially while my tax dollars are funding this education.

O'Connor emphasizes that earlier Court rulings forbidding state licensing and taxing of religious activity were based on the fact that state interference was a «prior restraint» on a constitutionally protected freedom.

Deplore as we may the existence of the parochial school, its challenge to the separation of church and state, and its attempted inroads on the public treasury, the fact remains that parochial schools exist primarily because Catholic parents, who pay their public - school taxes, think it worth while to submit to additional cost and often to much inconvenience to see to it that their children receive the religious instruction denied them in the public schools.

Joe: How about the fact that your constitution calls for the separation of church and state??? If churches want involved in politics then they need to cough up their share of tax dollars.

In fact, the concept of barley - made beer is so ingrained in the United States that the Alcohol and Tobacco, Tax and Trade Bureau only qualifies those beverages made with barley as true beer.

For example, last year, FLPC students developed fact sheets on date labeling, tax incentives, and liability protections for the Massachusetts Department of Environmental Protection (Mass DEP) and Recycling Works as it rolled out its organic waste ban across the state.

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The governor has repeatedly insisted the movement was NOT in fact responsible for moving him off his opposition to raising taxes on the state's wealthiest residents (actually, Cuomo and both legislative leaders refuse to see this as a tax hike at all, casting it as a cut for 4.4 million New Yorkers).

And the situation will be even worse, the governor has warned, if the tax reform plan currently under negotiation on Capitol Hill eradicates New Yorkers» long - standing ability to deduct their state and local taxes, helping to take the sting out of the fact that they live in the state with the nation's highest property tax burden.

This simplistic narrative ignores how the nation's deep recession has shrunk city and state tax revenue and omits the fact that plummeting stock markets have decimated government pension funds.

«With the conceded disparate funding, compounded by the fact that taxpayers within the poorer school districts end up subsidizing, at least in part, the tax credits granted to taxpayers within the wealthier districts, I find that plaintiffs have stated a viable equal protection claim,» Lynch wrote.

«Their obvious ideology aside, the facts are that this administration has been rigorous and effective in constraining state spending growth to the lowest level in modern history — resulting in lower taxes for all New Yorkers,» said state Budget Division spokesman Morris Peters.

«Their obvious ideology aside, the facts are that this administration has been rigorous and effective in constraining State spending growth to the lowest level in modern history — resulting in lower taxes for all New Yorkers,» said Division of Budget spokesman Morris Peters.

It's just a reckless pie in the sky idea that Cuomo floated that's surely going to raise electricity rates, as if the nuclear bailout wasn't enough or the fact the NY is the only state to charge its residents sales tax on its utility bills.

In her State of the County Address Tuesday, Mahoney, would not say whether she supports more tax breaks for Destiny, but she did say wants the decision to be based on facts.

«First, adjust to medical marijuana, then move down the path to decriminalizing, taxing and regulating adult use and the fact that the governor has now — for I believe the first time — signaled he is interested in even having an evaluation by his own people of this issue, I think, is a huge step forward for New York State,» Krueger continued.

Tax and other records that are available show occasional connections to donors that might bring questions from the watchdogs if different players were involved, or if the same fact - pattern concerned a state lawmaker's campaign donations.

«Joining 18 other states as finalists for more federal aid is good news, but it won't overshadow the facts that taxes and spending will be going up even more, school property tax bills are being prepared without a state budget in place, and the budget will soon be the latest in history.»

Just this week, the state Democratic Party, acting as Cuomo's surrogate, launched a new TV ad branding Astorino an «ultraconservative» and slamming him for the fact that Westchester has some of the highest property taxes in the state.

«After the Senate Democrats raised taxes and spending by $ 14 billion, ran up a $ 10 billion deficit and left the State on the brink of financial ruin, New Yorkers would be wise to treat this as a political document and not a statement of fact.

In spite of the fact that most disabled people have worked all their lives and paid tax and national insurance we have a situation where individuals with cancer can be limited to financial support from the state for just 12 months before they are left without any income at all.

Despite a valiant attempt by my YNN colleague Bill Carey, Sen. Chuck Schumer refused during a stop in Syracuse yesterday to take a position on a true state - level millionaire's tax, despite the fact that he is pushing the exact same thing down in Washington, D.C.

«No amount of splashing around in the waters of the Adirondacks or sipping wine in the Finger Lakes can change the fact that New York is the most taxed, least business - friendly state in the nation,» said a second source close to Cox, referring to recent trips by Cuomo upstate.

«In addition, the fact that New Yorkers are spending billions of dollars at out of state casinos, when that money could be staying here to generate much needed tax revenue was also a big reason that this resolution came forward.»

In fact, while the tax cap kept this year's levy increases well below two percent, state schools saw a six percent increase in funding.»

In fact, the state could choose to expand what's covered under any plan receiving the tax credits.

Mr Linton believes taking this step would be supported by both the Conservatives and Liberal Democrats, but regrets the fact his own party is less keen on the «tax exemption route» for increasing party funding from the state.

Within the first minute, Lacorte drops the name of popular Gov. Andrew Cuomo and also touts the fact that he managed to pass a budget that came in under the governor's two percent property tax cap — a very popular initiative in the NYC suburbs, which have the highest property taxes in the state and the nation.

«Most tax expenditures in the state have no basis in fact.

«Well, let's go back to the fact that we are paying high federal taxes and trying to get federal money back in to the states.

Bellows, for his part, spoke about the town's major challenges being the state's still - lowering tax cap, and the fact that there's been no corresponding lowering of expensive state mandates as long promised.

«The fact that our housing market is very competitive and the SALT deduction offsets high state taxes, often is enough to get a recruit to relocate.»

In fact, 80 percent of the state's tax revenues brought in would go for either education aid or for property tax relief.

In fact, Faso crafted a budget that, according to the official state Tax and Finance Department report analyzing the personal income tax cut of 1995, is responsible for saving middle - class families across New York billions of dollars since it passed: for instance, a family of four with an income of $ 75,000 saw a tax cut of approximately $ 650 a year for the last 20 yeaTax and Finance Department report analyzing the personal income tax cut of 1995, is responsible for saving middle - class families across New York billions of dollars since it passed: for instance, a family of four with an income of $ 75,000 saw a tax cut of approximately $ 650 a year for the last 20 yeatax cut of 1995, is responsible for saving middle - class families across New York billions of dollars since it passed: for instance, a family of four with an income of $ 75,000 saw a tax cut of approximately $ 650 a year for the last 20 yeatax cut of approximately $ 650 a year for the last 20 years.

He also contended that unfunded state mandates are more to blame for high property taxes than the fact that New York has about 1,600 towns, villages, cities and counties.