Sentences with phrase «go toward tax»

He has called for 35 percent of revenue from the auctioning of pollution permits to go toward tax rebates to Americans in the lowest income brackets.

The end result is that the 80 % couldn't go toward tax benefits; thus leaving the investors holding the bag.

About 18 percent of the median household income of $ 48,256 goes toward taxes.

If you've ever experienced the sticker shock of realizing you won't be making as much as you thought you would, it's likely because you incorrectly estimated how much of your paycheck would be going toward taxes or other withholding.

Public schools claim that millions of dollars are being unconstitutionally funneled away from children's education, going toward tax - credit scholarships.

It also provides a financial security benefit that is generally tax - free for your children, so more of your money will stay in your family, instead of going toward taxes.

It goes toward your taxes owed or adds to your refund.

In fact, they can inherit up to $ 5,000,000 from you without seeing one single dollar of that go toward taxes!

Like other types of permanent insurance, part of your costs goes toward a tax - deferred cash value.

In the U.S., the average of per - capita income that goes toward taxes is 9.9 percent.

Not exact matches

Some of that money will be passed down or go toward paying estate taxes, but a significant chunk will likely be given to charities.

The BLS» housing category includes an array of expenses (housekeeping, daycare, furniture, cell phone and internet plans), but the bulk of the money goes toward paying rent or costs related to owning a home, such as the monthly mortgage and property taxes.

«Making sure your investment fees and tax bill are as low as possible will go a long way toward helping you achieve your goal.»

Your monthly payments go toward the mortgage principal (the actual balance you owe), as well as interest, taxes and insurance.

The car, which is expected to go into production toward the end of the year, will be capable of traveling up to 200 miles on a single charge and is priced at $ 37,500 ($ 30,000 after tax credits), making it within reach of average consumers.

As the impact of new tax cuts circulates through corporate balance sheets, businesses are getting an infusion of cash, and much of the windfall is going toward buying back stock.

The revenue that results from residents» annual property tax payments goes toward public funding for the state, Dakota County and its local jurisdictions as well.

Trump is counting on much of the tax savings going toward business investment.

Tax reform resulted in a whopping $ 13.6 billion special charge, and that not only caused J&J to suffer a nearly $ 4 per share loss on a GAAP basis, but it also went a long way toward nearly eliminating the company's official profits for the entire year.

Federal tax also goes to the IRS where it is counted toward your annual income taxes.

Proponents of scrapping Illinois» constitutionally protected flat tax make three key claims: a progressive tax would cut taxes on the middle class, it would go a long way toward reducing income inequality and it would benefit the state's economy.

The definition of debt - t0 - income ratio is the comparison between your monthly debt payments compared to your gross income.That means 29 percent of your pre-tax income can go toward the principal, interest, taxes, insurance, and HOA dues on the home you plan to buy.

The definition of debt - to - income ratio is the comparison between your monthly debt payments compared to your gross income.That means 29 % of your pre-tax income can go toward the principal, interest, taxes, insurance, and HOA dues on the home you plan to buy.

For USDA, 29 % of your pre-tax income can go toward the principal, interest, taxes, insurance, and HOA dues on the home you plan to buy.

Perhaps, as has recently been suggested, a new tax regimen of sharply lowering or eliminating the corporate income tax on exports could go a long way toward improving the lot of the average worker in the US.

Money that goes toward tuition, fees, books, and several other basics couldn't be taxed, per the tax code, which also refers to a scholarship given to a university employee — hypothetically, an athlete being paid a salary — as a «qualified tuition reduction» and says it can't be considered income.

Elton Brand's huge deal comes off the books just in time before the luxury - tax penalties kick in, and while some of that money will go toward a contract extension for Jrue Holiday, the 76ers will have some breathing room.

Considering that only 5 cents of each resident's tax dollar goes toward the Park District, the impact will be small.

The tax increase would go toward paying off bonds that were used for the $ 2.4 million purchase of the Christ farm, north of Illinois Highway 176 and east of Briarwood Road.

If the referendum proposal is approved, taxes on a home with a market value of $ 210,000 would increase $ 53.20 a year, half of which would go toward construction and maintenance of the recreation center.

WE HAPPILY PAY OUR TAXES KNOWING IT IS GOING TOWARD THINGS VERY WORTHWHILE!

The money raised by the taxes in part would go toward a potential boost in education spending, an apparent sticking point in the talks as lawmakers and Cuomo fight over what's known as foundation aid in the budget.

Republicans hope some of the money could go toward paying down a $ 4.4 billion deficit and negate the need for tax hikes.

If the tax is approved by New York State lawmakers, it could raise as much as $ 800 million annually, with the bulk of that, or around $ 500 million, going toward capital costs for subways and buses.

But he also had some misgivings; he felt the proposal would work best in tandem with imposing his millionaires tax, to fund improvements to the subway; and he also felt the congestion pricing plan needed to ensure there was a way that funds generated from it would only go toward the city's buses and subways, the New York Times explained.

The speaker also said that whatever money might be generated by an extended millionaire's tax should go toward education spending.

For example, a very large chunk of state income tax and sales tax revenue goes toward subsidizing the K - 12 education of people's kids.

Each year you drive on these roads, and each year you pay your taxes, you deserve to have those taxes going toward decent, maintained roadways.

When Mr. Cuomo's tax returns were released last month, his office said he had been paid $ 188,333 last year as a partial advance for his book, with a chunk of that money going toward representation and legal fees.

And Assembly Democrats want to keep high rates on millionaires, and increase taxes on those making more than $ 5 million — generating billions of dollars in new revenues lawmakers want to see go toward education.

The reshuffling of the tax code also enabled $ 1.5 billion in needed revenue to go toward paying down the expected $ 3.5 billion gap in the coming 2012 - 13 fiscal year, which begins April 1.

An average of 12.7 percent of New Yorkers» income goes toward state and local taxes, once again the highest rate in the nation, according to a new report by the Tax Foundation.

While Cuomo's plan doesn't go far enough, localities shouldn't second guess themselves, and should continue to look toward successful past consolidations in the region as blueprints of lowered taxes without sacrificing services.

Mr. Mychajliw called the county payments for Medicaid «an albatross,» pointing out that this year, 82 percent of the county's tax levy will go toward Medicaid.

Approval of the resolution will go a long way toward easing property taxes and helping our local school districts.»

A 1986 agreement involving the state, City Hall and the city controller guaranteed that the hefty surplus generated from ground leases and payments in lieu of taxes would go toward affordable housing and other capital needs in the city.

WINDSOR TERRACE, BROOKLYN — Participatory budgeting season starts Saturday, when neighborhood residents can vote on which projects they'd like to see their tax dollars go toward.

The $ 137.9 billion budget, which also slices business taxes and provides $ 300 million toward universal pre-kindergarten in New York City, came through late Friday and will go up for a final vote today, the last day of the state's financial year.

That sales tax goes toward helping the county pay for anything from road repairs to staffing the local police departments.

Especially when money going to oil companies, GE, and other large corporations through loopholes in our tax code could change the direction of those resources toward those who truly need it.