Sentences with phrase «federal tax burden»

Generally, tax credits are used by corporations with large federal tax burdens to directly reduce the taxes they pay.

Especially in New York where Reed, Collins, Tenney and Katko felt it was a good idea to shift an additional nine to fifteen billion of federal tax burden onto New York residents.

Trump's promise to end state and local deductions — one element of his tax reform blueprint unveiled in April — would raise taxes on over one million middle - class New Yorkers and increase the city's federal tax burden by a whopping $ 7 billion, according to a new analysis from NYC Comptroller Scott Stringer.

The controversial reform plan that is still being negotiated in Washington, D.C. would either modify or completely eliminate the ability of New Yorkers to deduct state and local taxes from federal tax burdens and likely have deep economic impact for

In fact, the federal tax burden is the lowest it has been in 50 years.

Overall, the federal tax burden is at its lowest level in half a century.

He is most enthusiastic about a tax - credit scheme by which individuals could contribute directly to poverty - fighting organizations and then have their federal tax burden decreased accordingly.

As April 15 approaches each year, most of us line up to pay our fair share of the federal tax burden.

The federal tax burden does not fall equally across the country.

For conservatives who have long supported shifting from an income tax to a sales or consumption tax, and oppose increasing the federal tax burden, this should be a no brainer.

The National Small Business Association (NSBA) recently released the 2017 Small Business Taxation Survey which quantifies the federal tax burden on small - business owners, and provides their opinions on various tax reform proposals.

Vermont could consider an income tax surcharge on wealthier residents who will see their federal tax burden lowered, Pollina said.