Sentences with phrase «from general tax revenues»

However, he warned those who may be counting on nothing but government programs that Canada's Old Age Security and the Guaranteed Income Supplement are funded from general tax revenues.

Most Australians also receive a government pension financed from general tax revenue.

Not exact matches

Among the major revenue components, personal income taxes increased by $ 5.8 billion (primarily reflecting a 4.8 % increase in wages and salaries coupled with a progressive tax system), corporate income taxes were up $ 1.7 billion (corporate profits were up 15 % but the general tax rate declined from 18 % in 2010 to 16.5 % in 2011) and employment insurance (EI) premiums rose by $ 1.1 billion (both the EI rate and insurable earnings subject to the rate were higher).

General Obligation (GO) bonds are municipal bonds backed by the credit and «taxing power» of the issuing jurisdiction rather than the revenue from a given project.

The potential impact of this shift on churches becomes apparent when one realizes that the average local government receives 64 per cent of its general revenue from property taxes and that churches own a vast amount of untaxed property.

Attorney General Eric Schneiderman and New York City Corporation Counsel Zachary Carter are seeking $ 180 million from Atlanta - based UPS, saying the cheap cigarettes increased smoking by New Yorkers while also costing $ 29.7 million in lost tax revenue.

- All appropriations based upon the budget to be paid from taxes or revenues shall be incorporated in a single bill which shall be called the general appropriation bill.

Lembo says his office agrees with Malloy's budget office and the General Assembly's Office of Fiscal Analysis that November's consensus figures show lower than expected state revenue collections from sales and income taxes.

Cuomo's new initiative comes with a $ 163 million price tag — money that Cuomo aides said will come from the state's General Fund — tax revenue.

The funding for the $ 20 million contest will come from the state's general fund, which relies on tax revenue.

Revenue collected from the tax — projected to be $ 1.2 million in the first year — goes into a Berkeley general fund, part of which has been earmarked for healthy living programs.

That sidesteps the annual congressional appropriations process that divvies up what is known as discretionary spending, money from the government's general pot of tax and other revenue.

The Governor signed the legislation, which will increase the state sales tax from 2 percent to 3 percent until the end of the 1985 calendar year, two weeks after signing into law $ 125 million in cuts to the state's general - revenue budget for the current fiscal year.

The total revenue each district is allowed to raise from property taxes and general state aid is simply that per - pupil amount, multiplied by enrollment (smoothed by three - year averaging).

To isolate the effect of the recessionary spending cuts from that of the general ill - effects of the recession, Cora Wigger, Heyu Xiong and I rely on the fact that states that relied heavily on state taxes to fund public schools experienced the deepest education revenue cuts during the recession, on average.

Wisconsin Association of School Boards government relations director Dan Rossmiller pointed to a 1976 state Supreme Court case that appears to forbid the state from taking property taxes from one district for use elsewhere, and the LFB has said that if money set aside by the state for education isn't enough to cover vouchers» overall cost, then general state revenues will be used.

In general, state governments provide the most funding, up to half of a district's funding with revenue usually coming from income and property taxes.

Other states use a variety — and in some cases a combination — of different methods, from general fund revenues to sales, property or other special taxes or lottery proceeds to pay for school construction.

... Surplus = Education Dollars, not General Fund Money Looking at the one time revenue even closer, one can see that the surplus is from income tax money.

In Vermont, revenues from property taxes, sales taxes, the state lottery, Medicaid reimbursement and the general fund were placed into a state education fund that could not be used for other purposes.

State funding includes: $ 716 million of MdTA Toll Revenue bonds proceeds, $ 180 million from the State of Maryland Trust Fund (motor fuel tax receipts, motor vehicle excise taxes, motor vehicle fees, corporate income taxes, operating revenues), and $ 265 million from the State of Maryland General Fund.

«Professor Spence said: «The issue of whether Amazon's deal with Luxembourg was a «sweetheart» one constituting state aid seems to deflect attention from the main issue here: namely, that Luxembourg has long operated as a de facto tax haven within the internal market, effectively depriving other EU governments, and the EU in general, of significant tax revenues.

«We have received confirmation from the Canada Revenue Agency that, while the legislation is subject to Parliamentary approval, consistent with its general approach for proposed income tax changes, it is administering the measure on the basis that $ 10,000 is the new TFSA annual contribution limit.

While all tax revenue goes to the Treasury general account, the money received from the taxation of Social Security benefits is included as income in the annual reports done by the Social Security trustees.

the area or activities to which the funds raised from a municipal bond issue will be directed and, in turn, the source of future bond interest payments and principal repayment; for general obligation bonds, funds raised may be for general purposes, both operating and infrastructure, and payments are secured by the general taxing power of the issuer — usually a state, town, or city; revenue bonds are categorized under terms such as «Utilities» or «Transportation»

The sudden growth in CRA scrutiny has triggered concern from the Investment Industry Association of Canada, which recently complained of «insufficient guidelines» for TFSA investors to determine whether they've run afoul of tax rules, in a letter to the Finance Department and the director general of the Canada Revenue Agency (CRA).

Also, I think the issue with your example is that almost nobody invests their tax refund from the RRSP, it goes into general revenue and gets used for a trip or a toy or mortgage payment or maybe an investment.

Whatever your opinion of (and tolerance for) local taxation, gazillions of dollars of tax - free bonds from all over America are backed by general tax revenues.

Any revenue generated from polluter pay schemes can and should be offset by commensurate reductions in general tax rates.

-- The Secretary of the Treasury shall transfer from time to time to the Trust Fund, from amounts in the general fund of the Treasury that are not otherwise appropriated, such sums as the Chief Actuary of the Centers for Medicare & Medicaid Services calculates as necessary (and so certifies to such Secretary) for any fiscal year, on account of changes in benefit costs and changes in tax revenue attributable to the provisions of the American Clean Energy and Security Act of 2009 and the amendments made thereby, in order to place the Trust Fund in the same position at the end of such fiscal year as the position in which it would have been if such changes had not occurred.».

Revenue neutral carbon taxes do not attract significant support from conservative politicians, affected businesses, or business organizations in general — at least not in Washington State at this point.

In the second study, researchers from RFF and Stanford University use a general equilibrium model of the US economy with a high degree of corporate and personal income tax detail to consider the impacts of several revenue - neutral carbon tax policies, including lump - sum recycling to households, recycling via cuts in individual labor and capital income tax rates, recycling via cuts in corporate tax rates, and more.

Section 16 sets out a presumption that a spouse's annual income for child support purposes shall be determined from the sources of income set out in Revenue Canada's T1 General tax return form («Line 150» income).

- All appropriations based upon the budget to be paid from taxes or revenues shall be incorporated in a single bill which shall be called the general appropriation bill.

Written By ESR News Blog Editor Thomas Ahearn On July 24, 2017, the Treasury Inspector General for Tax Administration (TIGTA) issued a final audit report entitled «The Internal Revenue Service Continues to Rehire Former Employees with Conduct and Performance Issues» that found over 200 of more than 2,000 former employees rehired by the IRS from January...

Professional Experience CMG Worldwide Inc. (City, ST) 5/2008 — Present Finance Manager • Oversaw finances of intellectual property law firm generating $ 6 - $ 12 million in annual revenue • Hired, trained, supervised, and reviewed junior accounting associates and support staff • Authored and implemented corporate and departmental budgets • Analyzed expenses and recommended strategies to cut costs while increasing efficiency • Tracked and managed expenditures of approximately $ 100,000 per week • Verified accuracy of all expenses and revenues ensuring precise financial records • Prepared income statements, balance sheets, and monthly, quarterly, and yearly financial reports • Assisted senior leadership and outside personnel with the annual corporate audit • Operated and maintained the computerized accounting system and all hard files • Monitored and documented employee expense accounts, credit cards, and purchase orders • Managed general ledger and various credit, checking, stock, and other corporate accounts • Created monthly clientele reports detailing expenses and revenues from each account • Proficient in Microsoft Money, Quicken, QuickBooks, Tax Cut, Turbo Tax, and other software

Home visiting dollars are drawn from a variety of state sources — including general revenues, tobacco settlement funds and taxes — and federal streams, such as Temporary Assistance for Needy Families, the Maternal Child Health Block Grant and Medicaid.

Globally, the dominant economic intervention affecting food pricing is national taxation on food to raise general revenue.17, 18 In Australia, the basic foods required to maintain health were mostly exempted from the Goods and Services Tax (GST), and the price of these foods was expected to fall after the introduction of the new tax system in 2000.19 However, in Queensland from 2000 to 2001, the price of a basket of healthy foods increased by 12 %, more than twice that of less healthy options.20 This highlights the unpredictability of complex economic systems and the need for rigorous testing of economic solutions to increase access to healthy food.18 Such testing is imperative within remote communities, but baseline data are not readily available as Australia lacks a comprehensive food and nutrition monitoring and surveillance systTax (GST), and the price of these foods was expected to fall after the introduction of the new tax system in 2000.19 However, in Queensland from 2000 to 2001, the price of a basket of healthy foods increased by 12 %, more than twice that of less healthy options.20 This highlights the unpredictability of complex economic systems and the need for rigorous testing of economic solutions to increase access to healthy food.18 Such testing is imperative within remote communities, but baseline data are not readily available as Australia lacks a comprehensive food and nutrition monitoring and surveillance systtax system in 2000.19 However, in Queensland from 2000 to 2001, the price of a basket of healthy foods increased by 12 %, more than twice that of less healthy options.20 This highlights the unpredictability of complex economic systems and the need for rigorous testing of economic solutions to increase access to healthy food.18 Such testing is imperative within remote communities, but baseline data are not readily available as Australia lacks a comprehensive food and nutrition monitoring and surveillance system.

The Internal Revenue Service (IRS) will begin to target landlords of the advice from the Treasury Inspector General for Tax Administration.