Sentences with phrase «federal tax revenues by»

President Reagan's «Economic Recovery Act of 1981» lowered federal tax revenues by $ 208 billion, but the GDP grew 3.5 percent during his presidency.

It also includes federal tax revenues by state.

Unless the economy catches fire (which Trump says it will), his plan will reduce federal tax revenues by $ 6.2 billion over 10 years, the Tax Policy Center says.

The government expects the anti-smoke move will increase federal tax revenues by $ 685 million in 2014 - 15 — a major piece of the puzzle in Tory efforts to balance the books over the next two years.

Such a use of the Reconciliation procedure would be immensely consequential: the Tax Policy Center estimates that the result of Trump's proposed tax changes would be a reduction of annual federal tax revenue by 4 per cent of GDP.

It reduced federal tax revenue by $ 80 billion in 2010, according to a study by Pew Charitable Trusts based on Treasury Department estimates, making it one of the biggest personal tax breaks.

Not exact matches

By paying workers as independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and continues to be an area of focus today.

Low rates could also help shrink the federal budget deficit by easing the government's borrowing costs and generating tax revenue from stronger growth, Bernanke argued.

And all of them argue that the proposed tax cuts, estimated to reduce federal revenue by more than $ 1.4 trillion, won't increase federal deficits, an assertion that's been contradicted by Congress's official tax scorekeeper.

«Canada's media and cultural industries are being severely damaged by the tax loopholes that benefit foreign digital companies and platforms at the expense of Canadian producers and workers and that cost the federal government at least $ 1 billion in revenues,» the union wrote in a statement on its website.

The Tax Foundation found that federal revenue would fall by $ 2 trillion if the corporate tax cuts are put in plaTax Foundation found that federal revenue would fall by $ 2 trillion if the corporate tax cuts are put in platax cuts are put in place.

Two programs administered by the federal government and financed out of general tax revenues comprise the first pillar: Old Age Security (OAS) and the Guaranteed Income Supplement (GIS).

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctitax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury AuctiTax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

The federal tax schedule or table is a chart devised by the Internal Revenue System that aids the taxpayers in determining the federal income tax incurred for a particular year.

Income Trust Conversions: Estimated Federal and Provincial Revenue Effects By Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income Federal and Provincial Revenue Effects By Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income trustBy Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income trustby TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income federal and provincial taxes have been reduced by corporations converting into income trustby corporations converting into income trusts.

The proposal is about the federal government providing funding to groups, who need assistance and paying for this additional funding by a small «revenue neutral» tax increase.

Even though federal corporate tax rates have fallen by more than half over the past 30 years, corporate income tax revenues have continued to fluctuate around two per cent of GDP.

By 1946, direct taxes accounted for more than 56 per cent of federal revenue.

Nominal GDP, the applicable tax base for federal revenues, is projected to advance by 4.2 % in 2014, up from 3 % in 2013.

The committee helps draft legislative proposals, estimates the revenue effects of all tax legislation considered by the Congress, and examines various aspects of US federal taxes.

«Second, federal, state and local governments need the capital gains - related tax revenue produced by the artificially propped - up stock markets.

In other words, corporate income tax revenues as a share of federal government revenues are on track to rise by 15 per cent in five years.

What's more, government forecasts show corporate income tax revenues climbing by roughly a third between now and 2015 - 16 — at which point they will account for 12.2 per cent of total federal budgetary revenues.

By comparison, tax evasion through the use of tax havens represents between 3.2 % and 4.7 % of the federal government's tax revenues (data here).

Federal Revenue by State for 2016 On March 25, 2018, we updated usgovernmentspending.com with the numbers from «SOI Tax Stats - Gross...

A 0.5 % small business tax reduction is welcome, but overshadowed by tax increases at the personal level, corporate level, an increase in B.C.'s no - longer - revenue - neutral carbon tax, and the corresponding pending changes by the federal government as to how small business owners can manage their affairs.

While the NDP has signalled that they will only raise the price of carbon once mandated to by the federal government, the platform is unclear as to whether the current revenue neutrality of the carbon tax will be maintained.

Bond income, in contrast, is deducted from corporate revenues as interest expense, and therefore does not get taxed by the federal government at the corporate level.

No one with the requisite skill has done a revenue analysis of Gingrich's tax plan, but eyeballing the Tax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten yeatax plan, but eyeballing the Tax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten yeaTax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten years.

Beverage companies and their employees, and the firms and employees indirectly employed by the industry, provide significant tax revenues - $ 19.1 billion at the state level and $ 30 billion at the federal level.

Finally, the report noted that state and local revenue gains from federal tax reform will be further offset by higher costs for state and local borrowing, resulting from tax reform, and greater demand for public services as charitable donations drop and federal budget cuts continue.

Since Illinois income tax forms are based on the federal forms, loophole closing measures at the federal level will raise state revenue by up to $ 100 million a year, the commission staff found.

The state also faces the loss of $ 5 billion of federal stimulus aid, and its problems are compounded by reduced tax revenue during the economic downturn.

That seems implied by your comment that the «state's tax climate also matters» and adding that the state faces a $ 4 billion deficit, plus additional lost revenue from federal changes to health care and tax policy, which is estimated to be over $ 2 billion.

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 Internal Revenue Service has determined that the Empire Center is exempt from federal income tax under section 501c3 of the Internal Revenue Code, meaning contributions to the Empire Center are deductible to the full extent provided by law.

The M.T.A. has been planning to use the revenue produced by the tax to underwrite its application for a $ 2.2 billion low - interest loan from the Federal Railroad Administration.

Tax deposits are collected by the Internal Revenue Service (IRS) and are formally entrusted to the Federal Old - Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, the two Social Security Trust Funds.

The 1999 Constitution in section 162 (1) establishes a pool of revenue belonging to all three levels of government, federal, state and local government, called the Federation Account, «into which shall be paid ALL revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja&federal, state and local government, called the Federation Account, «into which shall be paid ALL revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja&Federal Capital Territory, Abuja».

Cuomo also floated the idea of raising revenue by taxing nonprofit health insurance corporations that are bought out by, or convert to, for - profit companies, and those who received a «windfall» from the federal tax plan, which went into effect earlier this month.

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.

Revenues from the ongoing Wall Street rally will be a «bright spot» heading into potentially difficult state budget talks complicated by the federal tax overhaul, but New York government leaders shouldn't count on stock market gains to cover a deficit projected to be in the billions of dollars, the state's top fiscal officer said Tuesday.

Adeosun affirmed that predictable tax revenue inflow would lead to more investment by the Federal and State Governments in infrastructure and job and wealth creation across the nation.

«We have recovered millions of naira for the Federal Inland Revenue Service and are working to ensure that value is derived by government through an appropriate collection of taxes, rates and royalties.»

A Cuomo administration budget official said the proposed payroll tax also could be used to raise more revenue by seizing some of the tax cuts promised to corporations and the wealthy under the federal tax law, as a way to shore up state finances.

If adopted on a large scale in New York and California, the measure would sabotage Trump's federal tax law by sapping its revenue stream while compounding federal deficits years down the road, according to the tax experts.

The trio also doubled down on claims that the bill, signed by President Donald Trump last December, was a deliberate attempt to punish left - leaning states which contribute more tax revenue to the federal government than they consume.

Mayor Bill de Blasio revealed Thursday that the federal tax reform boosted city revenues by an unexpected $ 1 billion this year.

To hear Democrats tell it, Hatch changed his mind because eliminating the SALT deduction would, according to the nonpartisan Tax Policy Center, boost federal revenues by $ 1.3 trillion over a decade.

In 2002, federal investigators said Mr. Litwin and dozens of other property owners had received illegal tax breaks arranged by a consultant who was charged with bribing tax assessors in a scheme that cost the city $ 160 million in revenue over four years.