Sentences with phrase «greater tax burden»

(Sale price: 210,000 - Basis: 100,000 = Gain: 110,000 x Federal Cap Gains tax: 15 % = Taxes due 16,500) The larger the transactions and the more money and leveraging involved the greater tax burden of cashing out.

The statement read in part: «Considering that over 60 percent of the property in the City is tax exempt, it is unfair to place an even greater tax burden on Albany residents and businesses.»

The greater tax burden placed on corporations, whether you want to admit it or not, the less they will hire and the more people will need the government.

Not exact matches

«By relocating their tax residences overseas, inverted companies erode the U.S. income tax base and place a greater financial burden on other businesses and American families,» Lew wrote.

Such a tax system would place the greater burden of tax rising on consumption taxes such as the HST, and reduce the burden on income taxes.

Taxes are a great financial burden for business owners, and a tax lien is one of every business owner's worst nightmares.

See which state's residents pay the most federal taxes, shouldering the greatest and least shares of this burden.

«I've been quite vocal in saying that those with the broadest shoulders should bear the greatest burden and I'm very proud of the NHS, we're going to save and transform it, and the way we're going to pay for that is partially from the mansion tax,» he says.

It seems that most deductions are regressive, as the wealthy have greater opportunity to take advantage of them, both because they have more money to put into buying a home, donating to charities, saving in a 401k, and so forth; and because they can afford a tax professional to maximize their deductions and minimize their tax burden.

Placing new onerous tax burdens on individual industries or sectors, many of which are already under great financial stress in this economy, is the wrong response.

When asked what issues he would focus on to serve specifically the town / village of Harrison, Buchwald said that he would continue to push for the passage of a local hotel occupancy tax, attempt to relieve some of the property tax burden specific to Harrison, seek funding to repave the state roads within the town, and continue his support of the «great Harrison Central School District.»

«Forcing small business owners to shoulder an unprecedented $ 15 minimum wage burden will have greater negative ramifications than the governor's tax cut proposal can make up for,» said Brandon Muir, executive director of Reclaim New York Center for Government Reform and Accountability.

While middle and working class Americans have been devastated by Great Recession, the wealthiest have done just fine, while their tax burden remains the lowest it's been in over 40 years.The last few months have seen the emergence of a counter-narrative which focuses attention on economic inequality and a tax system in New York State out of kilter with notions of fairness and equality.

«It means while all of us are struggling to shoulder our share of the Governor's burden, his «special interests» — the wall street bankers, real estate tycoons and ultra rich business owners who make up his Committee to Save New York - will get a great big tax break!»

The new announcements today widen considerably the functionality of these accounts, seemingly placing greater burden on individuals, businesses, the self - employed and landlords to actively manage and track their tax affairs digitally, using the digital tax account and apps to provide updates / returns to HMRC at least quarterly and potentially accelerating their tax payments.

«By reining in excessive property tax costs and building on accomplishments achieved over the past six years, our efforts to reduce wasteful spending and increase public involvement in local government with these shared services plans will lessen the tax burden for residents and ensure New York remains the greatest state in the nation.»

Approving a tax decrease for the second year is a great first step in revitalizing our county, which has been burdened for far too long with some of the highest taxes in the nation.

While this year's tax decrease is a great start, we must continue to do everything we can to further eliminate the burden this area's high taxes have on area residents and businesses.

«The Partnership's mission is to improve the business climate in Buffalo - Niagara and the proposed tax relief initiatives that we're endorsing here today are a great first step in alleviating the crushing tax burden that has made New York State such a difficult place to do business,» Panzica said.

He says the two - tiered tax system creates an unfair economic playing field for already established businesses who will need to compete, and imposes a greater burden on existing taxpayers.

«This is great news for Westchester small businesses and other entities that have been unfairly burdened by this unconstitutional tax.

The union's proposal, announced with great fanfare by UFT boss Michael Mulgrew, is to increase property - tax receipts by placing an added burden on housing owners who do not use their City apartment as their primary residence.

Any direct or indirect erosion of Impact Aid through a voucher program will reduce the Impact Aid funding currently going to these districts, and would also place a great financial burden on the local community, which would be left to fund public schools with an already low level of state and local tax revenue.

In general, states with greater current relative commitments to prekindergarten and other education programs, child welfare programs, criminal justice programs, and health care and those with higher tax burdens experience greater offsetting budget benefits than do other states.

Likewise, since the prospective prekindergarten program increases the future earnings of participants and their guardians, states with higher average pay and higher tax burdens will experience greater revenue increases than will states with lower average pay and lower tax burdens.

And the other great moral and political questions of the great debate on salt and iron — the need for profits, the rights and obligations of nobility, aid to the poor, the importance of a balanced budget, the appropriate tax burden, the risk of anarchy, and the dividing line between rule of law and tyranny — have all remained unresolved issues.

If you own some accounts with tax advantages and some without, you have greater flexibility to lower your tax burden across all your accounts.

Further, as I discussed in Article 4.3, a close examination of the costs and tax burdens of prospective funds can help minimize eroding your overall return to the minimum necessary, while achieving much greater diversification.

Wash sale rules prohibit claiming the loss if shares are repurchased within 31 days of the sale, but claiming capital losses when available can be a great way of minimizing one's tax burden.

It's a great way to build trust and help reduce your client's overall tax burden at the same time.

When tax rates are high, such as our current environment where top marginal rates on regular income exceed 50 per cent in more than half the country, individuals who own capital assets are generally more reluctant to sell them as they require greater benefits to outweigh the capital gains tax burden they will incur when they sell.

Invest as much into your company 401k (if you have one) or an IRA to reduce your tax burden and build wealth, invest in personal brokerages to increase your personal returns (Robinhood is great for individual stocks, Vanguard for more passive ETF investing), invest in lending club for personal loan investment, or invest in HomeUnion for those looking for income streams from housing.

Cash Value Life Insurance is a tremendous asset and a great way to remove the tax burden that eats into so many retirement accounts, but what if the government changes the laws regarding life insurance policy loans.

Most of the science and economics community would dispute 3 — tax shifts away from goods like capital, income, or labor and towards bads like CO2 would not pose a great burden on societies, rich or poor.

While more investment in renewable and energy efficiency could lead to greater emissions reductions, this policy is not designed to increase the tax burden of DC residents.

If that doesn't sound like advantage enough, consider this: By exchanging a single - source (oil) transportation system for a multisource system that makes greater use of the nation's domestically obtainable fuel sources, America automatically enhances its national security, which in turn reduces the financial burden of having to defend America's sources of imported oil, which in turn frees up billions of tax dollars for more worthy endeavors.

Tax saving schemes is a great way to lessen the Tax burden of people, especially of middle class who undergo the heat of paying heavy taxes and intensified tax structuTax saving schemes is a great way to lessen the Tax burden of people, especially of middle class who undergo the heat of paying heavy taxes and intensified tax structuTax burden of people, especially of middle class who undergo the heat of paying heavy taxes and intensified tax structutax structure.

Taxing e-commerce imposes a greater burden on small businesses than on larger ones, which are better able to afford the resources needed to manage or automate tax collections.

Among other things, eliminating the deductibility of the tax could force states to shift a greater share of the tax burden onto homeowners.

Repealing like - kind exchange rules would subject businesses that rely on these rules to a higher tax burden on their transactions, resulting in longer holding periods, greater reliance on debt financing, and less - productive deployment of capital in the economy.

Homeowners in the housing market with the heaviest overall tax burden paid a percentage of their income seven times greater than the burden borne by the housing market with the lowest overall tax burden.

Suburban REALTORS Alliance Position The Alliance is opposed to increases in the current transfer tax for the following reasons: 1) As the transfer tax is levied only on buyers and sellers of property, the burden per taxpayer is greater than the burden from a more broad - based tax designed to generate the same amount of revenue; 2) Since public transportation is a benefit that is open to all members of society, the charge should not be placed solely on buyers and sellers of property; 3) The transfer tax adds additional burdens on first - time home buyers saving for a down - payment and covering the closing costs and runs contrary to existing federal, state, and local programs including the mortgage interest deduction, low interest property maintenance loans, and grants to first time homebuyers; 4) A real estate transfer tax is a state and local tax assessed on real property when ownership of the property is exchanged between parties.

However, if you live in Jackson Hole or in another part of the Equality State, you were not hit with as great of a tax burden as the remaining 49 states in the Union.