Sentences with phrase «federal taxpayers $»

Not exact matches

By narrowly focusing on the $ 10,000 SALT cap, state lawmakers are pursuing an economic fix for the very taxpayers who will benefit most from the federal tax bill.

However, most donors don't take a deduction for their charitable contributions: Federal data show that in 2016, taxpayers claimed $ 57.55 billion for their donations, with most of the deductions going to higher earners.

Admittedly, it takes a rather mundane $ 135,055 of individual annual income to make it into the top federal tax bracket in Canada, as opposed to more than US$ 400,000 in the U.S. Taxpayers who fall below that U.S. threshold are, generally speaking, better off south of the border.

ALBANY, N.Y., March 31 - New York Governor Andrew Cuomo and the state legislature agreed late on Friday on a $ 168 billion budget for fiscal 2019, including measures aimed at offsetting damage to taxpayers from new federal tax changes.

In January 1969, Treasury Secretary Joseph W. Barr informed Congress that 155 taxpayers with incomes exceeding $ 200,000 had paid no federal income tax in 1966.

Nebraska Child / Dependent Care Credit — available to taxpayers with AGI less than $ 29,000, equal to between 100 % and 30 % of the federal credit

I'm not sure how Obama thinks he can smooth this one by all Federal taxpayers outside of the State of Illinois (which itself is running something like an admitted $ 21 billion budget deficit).

Under the new law, taxpayers can only deduct $ 10,000 in combined property taxes and other state and local taxes (SALT) from their federal taxes.

For every Tesla car sold (up to No. 200,000), federal taxpayers kick in $ 7,500 to lower the costs.

In 2013, the Walton family received $ 8 billion in tax breaks, $ 6.2 billion of which came from federal taxpayer subsidies handed to them because employee wages are so low.

About 1 million taxpayers are eligible for about $ 1.1 billion in unclaimed federal income tax refunds for their 2014 federal income tax returns.

In other words, Quebec and federal taxpayers are being asked to pony up to protect the financial well - being of the family, which, incidentally, received approximately $ 150 million in dividend payments from Bombardier over the last decade, even as the company has yet to repay all the money its borrowed from the federal government in the past.

Consider a single taxpayer with a federal marginal income tax rate of twenty - eight percent with $ 150,000 of taxable income.

[fn.3] As a result, this taxpayer previously taking the standard deduction but now itemizing could donate $ 10,000 to the state infrastructure program and save at least $ 11,120 — $ 10,000 in state taxes and $ 1,120 in federal.

But if the state issued a dollar - for - dollar state tax credit for charitable contributions made to, say, the state's general infrastructure fund, the first $ 6,000 donated, though reducing state tax liability by $ 6,000, does nothing to lower federal taxes owed because the taxpayer would still take the standard deduction.

«AIG received a taxpayer backstop of $ 185 billion and had to be taken over by the Federal government.

Kleck just learned that almost immediately after the publication of his study, the Centers for Disease Control and Prevention (CDC), a federal agency that receives more than $ 11 billion of taxpayer money every year, conducted its own study of the matter.

According to Politico, late Monday night, the Department of Education told a federal appeals court that a court order blocking its ability to send any newly defaulted student loan borrowers to its hired debt collectors has cost taxpayers more than $ 5 million in lost collections since

Westchester County Executive George Latimer pointed to the $ 10,000 cap on state and local tax deductions by the federal government as having «changed the game» for taxpayers in New York, making the limit on tax levy increases all the more important.

It cost taxpayers $ 14.5 million to defend de Blasio and his aides in federal and state investigations of his shady fundraising practices, Corporation Counsel Zachary Carter revealed.

Tenney says the $ 15 million gondola planned for the New York State Fair is an unnecessary waste of taxpayers» money, and she'll oppose granting the federal approval needed for the project.

A bill introduced Thursday night by Sen. Simcha Felder would change the state's tax law in order to address the federal tax overhaul that caps the amount of money taxpayers can deduct in state and local taxes at $ 10,000.

«Our state is being shortchanged, and New York taxpayers are bearing the brunt of Washington's unfair decisions,» Chiavacci Farley said in the video, tallying the federal imbalance of payments at $ 40 billion a year.

Cuomo's office has said that residents of the 24th District who do itemize their federal taxes, more than 81,000 taxpayers, would see their tax liability increase by an average of $ 2,434 under the GOP plan.

Cuomo's office also released analysis claiming the elimination of the deduction would cost New York taxpayers $ 5,300 more in federal income tax on average.

The price tag for federal taxpayers in 2017 is about $ 7 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.

Opening arguments began this week in the federal corruption trial of Pedro Espada, Jr., and his son Pedro Gautier Espada, who are accused of using the Soundview Healthcare Network as «their own taxpayer - funded piggy bank» by funneling more than $ 500,000 from the organization and spending it on cars, spa treatments, and other personal luxuries.

Without any state action, Cuomo said taxpayers, primarily from Westchester through Long Island, would pay $ 14.3 billion more in federal taxes.

The new federal tax law that caps state and local tax deductions at $ 10,000 sent officials in high - tax states like New Jersey scrambling to blunt the potential impact on taxpayers.

Gov. Andrew Cuomo is investing $ 750 million of taxpayer funds and the hopes of a community desperate for an economic recovery in a company that is losing money, weathering two federal investigations and facing, by its own admission, an uncertain economic future.

The State Senate last week, meanwhile, sought to cushion the blow of the federal tax law with a bill that reconciles the state code with the changes in Washington — a change that saves New York taxpayers $ 1.5 billion.

Gov. Andrew Cuomo unveiled a $ 168 billion spending plan that he said held echoes of the darkest days of the recession, necessitating a raft of ideas to raise revenue and counter a new federal tax plan that he warned could devastate some taxpayers.

And then (this part is new and part of Paladino's pre-primary media blitz), the focus turns to the «former liberal Congressman Rick Lazio,» who «voted for higher taxes and increased federal spending» and «took a $ 1.6 million bonus from a huge Wall Street bank getting a $ 25 billion - dollar taxpayer - financed bailout.

What Mr. Silver didn't say: He is trying to keep his taxpayer - financed pension, trying to stay out of prison and trying to forfeit as little cash as possible from the schemes that the federal government says netted him more than $ 5 million over the decades.

Cuomo said property taxes have been a major burden on taxpayers for a long time, but a change to the federal tax law limits what people can deduct on their state and local taxes to $ 10,000.

WASHINGTON, D.C. - New York taxpayers stand to lose about $ 68 billion that they now deduct from their federal taxes if President - elect Donald Trump and House Speaker Paul Ryan move forward with their tax reform plans next year, according to state officials and tax experts.

All municipalities that take HUD grants are being funded by taxpayer money appropriated by the Federal government which is now $ 17 trillion in debt.

The $ 10.5 million energy and agricultural waste management project was funded by local, state and federal taxpayer dollars, including about $ 1.5 million that came directly from Cayuga County government's savings accounts.

These gimmicks cost taxpayers $ 25 million and were installed by the governor despite being in violation of federal law,» Hawley said.

Officials say that unless New York changes its tax code to delink it from the federal code, state taxpayers could see their tax burden increase by $ 1.5 billion — potentially worsening the pain to New Yorkers already dealing with the curbing of state and local tax deductibility.

On average, New York taxpayers would have to pay $ 5,300 more in federal income taxes.

New York officials say the Republican plan will leave 1 million state residents without health insurance and transfer $ 4.5 billion in costs from the federal government to state taxpayers.

Regardless of the shift in Medicaid costs, the GOP healthcare plan would leave 1 million New York residents without health insurance and transfer $ 4.5 billion in costs from the federal government to state taxpayers, according to state officials.

Eligible counties must be included in Federal disaster declarations · An additional $ 20 million included in federal disaster declarations distributed on an as needed basis · Permitting local government to let taxpayers impacted by the storms to pay their property taxes in instaFederal disaster declarations · An additional $ 20 million included in federal disaster declarations distributed on an as needed basis · Permitting local government to let taxpayers impacted by the storms to pay their property taxes in instafederal disaster declarations distributed on an as needed basis · Permitting local government to let taxpayers impacted by the storms to pay their property taxes in installments

Taxpayers, meanwhile, are unlikely ever to be repaid for the $ 233 million the federal government loaned to Health Republic.

More than a decade after its creation, the agency is still sitting on $ 700 million federal taxpayer dollars yet to be doled out.

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.»

Trump said he «didn't think» Treasury Secretary Steven Mnuchin took a government jet from New York to Washington, DC, even though federal investigators are investing the flight that cost taxpayers $ 25,000.

According to the National Taxpayers Union found federal tax compliance in the year 2014 cost $ 226 billion.