Sentences with phrase «federal and state tax dollars»

Classic, Federal and State tax dollars from Mass taxpayers for the privilege of having their electricity rates more than treble.

By Dan Chapman The failed Range Fuels wood - to - ethanol factory in southeastern Georgia that sucked up $ 65 million in federal and state tax dollars was sold Tuesday for pennies on the dollar to another bio-fuel maker with equally grand plans to transform the alternative energy world.

Though the museum collection is more of an irony than a solution to Reading's problems, it is nevertheless a potent reminder of the incongruity of a district that has benefited hugely from federal and state tax dollars crying fiscal distress - and then suing - and suing again.

Not exact matches

Remember, your 401 (k) plan or traditional individual retirement account is tax - deferred money — meaning, for every dollar you take out, you will owe taxes (federal and state).

That can be tough to do when federal and state taxes are taking roughly 45 percent of every dollar.

For residents in 26 states and in D.C., the combination of state and federal taxes take at least one in five dollars they earn over the course of the year.

Once you take a pretax retirement account, such as a traditional IRA, and convert that account to a Roth IRA, you are subjecting your retirement dollars to both federal and state income taxes today in return for the promise of tax - free income during retirement.

Between the Federal and State governments, 45 % of every dollar paid in dividends was given right back to the tax man.

«That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions.»»

But states such as North Dakota, South Carolina, Alabama, Kentucky, West Virginia and Indiana get more than two dollars back in federal spending for every dollar in taxes.

Assuming that each dollar contributed reduces federal taxable income, and that a reduction in federal taxable income correspondingly decreases state taxable income, we can determine the minimum credit percentage states should offer to incentivize participants as a function of the federal and state marginal tax rates.

Regardless of the approach taken, I agree with Blackman and Stark in that the ability of a state to capture federal tax dollars via creative state tax credit initiatives is almost certainly bad tax policy when viewed from the national perspective.

I am sick of my tax dollars going to relieve regular «disasters» that always seem to be concentrated in the we hate paying taxes and the federal government states of the old Confederacy.

Nassau district attorney investigators arrested Gerard Terry, a former North Hempstead Town Democratic Party leader, on April 12, 2016, who, public records show, amassed nearly $ 1.4 million in state and federal tax debts while receiving government jobs worth hundreds of thousands of dollars.

New York's multi-billion dollar Medicaid program is paid for by state, county and federal taxes.

Despite his six - figure income funded by taxpayer dollars, Terry has since 2000 amassed nearly $ 1.2 million in federal liens from the Internal Revenue Service and more than $ 205,000 in state tax warrants.

The town's Democratic committee is looking for a successor to Gerard Terry, who resigned last week as party chairman after Newsday reported he had collected $ 1.4 million in federal and state tax debts while receiving hundreds of thousands of dollars in public work.

Andrew Cuomo of New York, Dannel Malloy of Connecticut and Phil Murphy of New Jersey announced Friday that they're talking to leaders of other states that stand to be hurt by the federal tax plan that's expected to cost taxpayers in their states billions of dollars.

Cuomo's idea to shift some state and local tax payments owed by individuals to a payroll tax paid by employers so many New Yorkers don't lose thousands of dollars under a new federal tax law is supported in concept by many tax policy experts.

Longtime Democratic operative Gerard Terry has stepped down as the attorney for the Roosevelt Public Library Board after Newsday reported that he collected nearly $ 1.4 million in federal and state tax debts while making hundreds of thousands of dollars in government jobs.

He added that the majority of the state's transportation dollars comes from the federal budget and from the gas tax which is 18.4 cent per gallon.

He says they'd have to pay $ 294 more dollars in additional federal pay roll taxes, nearly $ 3000 in additional state and federal personal income taxes, and would receive $ 1300 less in earned income tax credits for the working poor.

The Republican leader sent a letter to de Blasio on Monday, claiming the city has failed to meet a state requirement by filling out a form that shows, building by building, how schools spend local, state and federal tax dollars.

Congressman Brian Higgins said: «This project was a collaboration of federal, state, local and private investment along with the aid of over $ 4 dollars in Federal Low - Income Housing Tax cfederal, state, local and private investment along with the aid of over $ 4 dollars in Federal Low - Income Housing Tax cFederal Low - Income Housing Tax credits.

Since New York taxpayers already send over $ 40 billion more in tax dollars to Washington than we receive back in federal benefits and services, we are not being subsidized by any state.»

The state has a $ 4.4 billion dollar deficit, and there's uncertainty over the effects of the federal tax overhaul on the state's finances, as well as possible big funding cuts by President Trump and Congress.

Daniel Dromm, a Queens city councilman and the head of the council's Finance Committee, and New York City Independent Budget Office Director Ronnie Lowenstein, join «In Focus» Host Cheryl Wills to dig a little deeper into Mayor Bill de Blasio's budget plan and the programs that might be impacted by the federal tax bill and the possible loss of millions of dollars in state revenue.

Newsday reported in January that Terry had compiled nearly $ 1.4 million in state and federal tax debts as he made hundreds of thousands of dollars in public positions in Nassau County government.

«The charitable deduction could work on the local level but again, it's not dollar for dollar and it's not a perfect situation, but a local government could set up a charity for education, could set up a charity for health care, you make a contribution to the charity you get a federal tax deduction and you get a state credit for the amount you contributed.»

Terry made the announcement one day after Newsday reported that Terry had compiled nearly $ 1.4 million in federal and state tax debt while earning hundreds of thousands of dollars in government jobs.

ALBANY — Gov. Andrew M. Cuomo's idea to shift some state and local tax payments owed by individuals to a payroll tax paid by employers so many New Yorkers don't lose thousands of dollars under a new federal tax law is supported in concept by many tax policy experts.

«He knows how to deliver crucial safety net programs to residents, navigate constantly changing state and federal regulations and ensure that tax dollars are spent wisely.»

Cuomo didn't offer more details about the plan, which would rely on existing federal and state financial aid programs, while adding $ 163 million in state tax dollars for Excelsior Scholarships that pay for tuition costs not covered by the traditional aid programs.

Texas has a state budget surplus because it mooches off the federal tax dollars generated by NY, CA, MA and IL.

As amicus curiae in many federal and state courts, NSBA continues to urge courts to refrain from joining a troubling wave of nationwide efforts to divert public tax dollars away from public schools to fund private entities.

Those amounts represent total funding, include federal, state, and local tax dollars and private support from foundations.

The nation's state school boards associations and their 90,000 local school board members rely on lawmakers to support keeping federal tax dollars in public schools and public programs.

Just like traditional public schools, charter schools are funded by local, state, and federal Tax dollars based on student enrollment, but they have the freedom to be more innovative while being accountable for improved student achievement.

Nearly 90 % of K12's revenues — and thus its huge pay for executives — comes from Americans» state or federal tax dollars.

Moreover, as the sector has grown in size and policy influence, advocates have advanced laws at both the federal and state levels that limit many charter schools» accountability, transparency, and responsiveness to the communities they serve, notwithstanding their receipt of a growing share of tax dollars.

If a student leaves a traditional public school and enrolls in a charter school, state and federal tax dollars would follow that student to the new school, with some exceptions.

Instead of continuing to throw millions of precious tax dollars into the proverbial, but very real, pit of failed education reforms; instead of continuing to enrich test corporations and educational entrepreneurs who game the system; instead of maintaining the false and demoralizing narrative that our students and teachers are failures, our state legislators need to take this opportunity to tell the CSDE and CSBE that it will no longer support expensive mandates that unnecessarily impact our budget health when a re-design of state assessment practices has been encouraged by recent federal legislation.

Because they are public schools they are funded by local, state and federal tax dollars.

Public schools receive funding from three primary sources: local, state, and federal tax dollars.

Along with that, they mention PHEV owners are elegible to different federal tax credit and possibly state as well, with a total approximately above of 4,000 dollars.

Thus, every single incremental dollar of mortgage interest or property taxes paid results in a tax benefit at your graduated rate (potentially providing both a federal and state income tax benefit).

Most workers will pay about that much on each dollar of income when all taxes — federal and state income taxes, sales taxes, taxes for benefit programs, etc. — are considered.

By that point, the hopelessness of Federal social insurance programs like Social Security and Medicare, plus underfunded Federal and state retirement plans, will force benefit reductions and tax increases on the US, and crimp borrowing capacity, unless they borrow in a currency other than dollars.

And if those distributions come from dollars that were not previously taxed, they will now be subject to Federal and state taxes — the same as annuities or other tax - advantaged investments funding IRAnd if those distributions come from dollars that were not previously taxed, they will now be subject to Federal and state taxes — the same as annuities or other tax - advantaged investments funding IRand state taxes — the same as annuities or other tax - advantaged investments funding IRAs.

For instance, if a surviving spouse disclaims assets worth $ 1 million dollars and her remaining estate is less than the federal exemption ($ 5.25 million), but above their state's exemption then those assets would be subject to state estate tax.