Sentences with phrase «federal tax revenues from»

Just the loss in state and federal tax revenues from the 23 million high - school dropouts has been estimated at $ 50 billion a year.

Not exact matches

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.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

Between 1980 and 2012, the share of federal revenue derived from corporate tax revenue fell to 13.6 % from 15.2 %.

The company reported earnings and revenue for the first quarter that were roughly in line with consensus estimates, but did not provide much new color on an unfavorable tax allowance decision from federal regulators.

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 Congressional Budget Act of 1974 defines tax expenditures as «revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.»

Federal excise taxes: information about the total federal revenues from excise taxes as well as details about particularFederal excise taxes: information about the total federal revenues from excise taxes as well as details about particularfederal revenues from excise taxes as well as details about particular goods.

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

Evan Solomon: The government of Alberta, they point to these statistics: the oil sands creates $ 307 billion in tax revenue, $ 187 billion for the federal government, 23 % of employment is from oil sands, 7 % of employment in Canada from the oil sands and in Ontario alone, 7 %, they say, of employment comes from the oil sands and they say royalties of $ 1.9 billion fund programs across the country.

«Currently, under federal banking laws, many legal, regulated legitimate marijuana businesses — operating legally according to state law — are prevented from maintaining bank accounts and accessing financial products like any other business, such as accepting credit cards, depositing revenues or writing checks to meet payroll or pay taxes,» Perlmutter said.

That change would have raised revenue to help Republicans offset the losses from the massive rate cuts, and some proponents of it argued that the state and local tax deduction (known as «SALT») amounted to a federal subsidy of high - tax states.

There have also been concerns expressed about the long - term impact on federal and provincial revenues from the taxes foregone under TFSA.

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

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.

This designation allows exemption from federal corporate and income taxes for most types of revenue.

If you're self - employed, you'll provide information such as your federal tax returns from the past two years, and, if applicable, a current profit and loss statement showing year - to - date revenue and expenses.

Social welfare spending constitutes a small part of the federal budget, but the decrease in tax revenues that would ensue from this proposal appears rather large.

On the federal level, while the wages of ordinary workers find no shelter from the Internal Revenue Service, exemptions and special preferences for landowners whittle down their taxes or turn real estate losses into profits.

Johnson's anti-Obama sermonizing likely violated the so - called Johnson Amendment, an Internal Revenue Service rule that forbids churches that receive tax - exempt status from the federal government to intervene in «any political campaign on behalf of (or in opposition to) any candidate for elective public office.»

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.

Reed noted, of course, raising taxes to make up for the lost revenue from the federal government is an option but he doesn't believe state lawmakers would do that to constituents already facing a heavy burden.

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.

Proponents of raising taxes on New York's wealthiest say they have a new impetus to increase the state's revenue — the continued bad news from Washington about deep federal cuts to health care and other areas.

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.

We applaud Governor Paterson's argument that, should New York receive a significant cash infusion from the federal government for Fiscal 2010, the state should use those revenues to cut back on significant proposed tax and fee hikes, rather than restore or increase governmental spending.

From 2009 to 2013, the Internal Revenue Service hit Massey and his wife with three federal tax liens totaling $ 4.1 million, according to records filed with Westchester County Clerk.

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.

To raise revenues, Cuomo proposed requiring extending sales tax collections on online sales, imposing a surcharge on certain health insurers who received a windfall from federal tax cuts, tapping hundreds of millions of dollars in proceeds from lawsuit settlements and raising taxes «e-cigarettes» and taxing opioids (2 cents per milligram prescribed to go to anti-addiction programs).

If the switch from a state income tax to a payroll tax results in less revenue for the federal government, Congress might decide to no longer allow the deduction.

Lagos State under Fashola have generated internally about N2 trillion, N592 billion from taxes alone, besides Federal Government Allocations, foreign and local loans, and other endowments for 4 years, i.e. N36 billion internally generated revenue every month which translates into N432 every year, for 4 years.

In addition to the new charitable funds, New York is decoupling provisions in its tax law from the federal revenue code — moves that have broad, bipartisan support and would have resulted in a «stealth tax» to New Yorkers.

Tax revenues from Wall Street, meanwhile, are shrinking, and the state's federal stimulus money, which has added up to about $ 6 billion annually since 2008, will be cut off in another year, two at most.

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».

The governor says the new taxes, which would raise most of the money from the healthcare industry, are necessary to deal with an expected drop in federal aid and the loss of revenue under the new federal tax law.

If enacted, the state would deposit the tax revenue in a proposed health care shortfall fund that would offset losses to New York from cuts in federal health care funding to the state.

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.

The Internal Revenue Service filed a total of $ 173,507 in tax liens against Huntington Town supervisor candidate Tracey Edwards and her husband for unpaid federal income taxes between 2005 and 2012, public records from the Suffolk County Clerk's office show.

The state's fiscal picture faces challenges from lower - than - expected revenue growth and the potential for federal cuts and tax changes, according to Comptroller Tom DiNapoli's office.

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.

Fourth, it is necessary to know the cattle owners so that the Federal Inland Revenue Service could collect the appropriate tax from them.

Under this plan the state would still receive revenue and taxpayers could deduct the amount of their contributions from their federal taxes.

Cutting their salaries wouldn't save the university money, they argued; instead, it would deprive the university of revenue from overhead costs on federal grants and deprive the state of sorely needed tax revenue.

Notwithstanding any of the provisions of the Constitution, the Association shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from Federal income tax under Section 501 (c) 3 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) or (b) by a corporation, contributions to which are deductible under Section 170 (c) 2 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).

In the paper, «Plug - in vehicles and the future of road infrastructure funding in the United States,» Jerome Dumortier and Seth Payton, assistant professors in the School of Public and Environmental Affairs, and Matthew Kent, a former graduate student, assess the magnitude of the decline in federal tax revenue caused by plug - in vehicles and quantify the revenue that could be generated from a federal plug - in vehicle registration fee.

There are other ways to try to create incentives for greater support of science by industry, by philanthropy; and those ought to be pursued too because I think the record shows that we simply can't depend entirely on the Federal government — especially in view of the kind of fluctuations that result from either depressions in the national treasury; that result from reductions and tax revenues; or the expenditures sometimes unexpected like Katrina; or unfortunate expenditures like the ones we are spending now in Iraq.

Upon dissolution or winding up of said corporation's affairs, whether voluntary or involuntary, all of its assets then remaining in the hands of the board of directors shall, after paying or making provision for payment of all of said corporation's liabilities, be distributed, transferred, conveyed, delivered, and paid over only to educational, scientific, literary, or charitable organizations that are exempt from federal income tax under section 501 (c)(3) of the Internal Revenue Code of 1986, as amended, and which are not private foundations within the meaning of section 509 (a) of the Internal Revenue Code of 1986, as amended, on whatever terms and conditions and in whatever amounts the board of directors may determine, for use exclusively for educational, scientific, literary, or charitable purposes, except that no distribution shall be made to organizations testing for public safety.

INDIANAPOLIS — Given declining revenues from gasoline and diesel fuel taxes and the need for new ways of funding road infrastructure, state and federal policymakers are considering or have enacted annual registration fees for plug - in vehicles.

The Conquer Cancer Foundation is a public charity exempt from federal income tax under Section 501 (c)(3) of the Internal Revenue Code and the organization's Federal Identification Number (EIN) is 31-1federal income tax under Section 501 (c)(3) of the Internal Revenue Code and the organization's Federal Identification Number (EIN) is 31-1Federal Identification Number (EIN) is 31-1667995.