Sentences with phrase «income tax code»

If «across the board» schemes were «fair,» we'd have replaced our progressive income tax code with a «flat tax» long ago.

In 2011, Cuomo issued a message of necessity so that state lawmakers could vote on a bill reconfiguring the state income tax code less than two hours after its text had been made public.

The Vermont Legislature is strongly considering the Senate's dramatic change in the Personal Income Tax Code which would cap the Mortgage Interest Deduction at $ 12 - $ 15 thousand.

[7] The federal corporate income tax code's limits on the deductibility of corporate charitable giving are often used by analogy by courts seeking guidance on whether a gift was reasonable in amount.

He said gains to workers from a corporate rate cut would have a far greater impact on their living standards than the framework's proposed changes to the individual income tax code, such as doubling the size of the standard deduction.

After the Second World War, there were numerous incentives that encouraged people to embrace male breadwinning and female homemaking, and in 1948 the US income tax code was changed to favour that model.

The administration has other councils focused on other policy areas, such as developing a competitive income tax code and streamlining burdensome regulation.UTC strongly supports the goals of each of these advisory committees as a way of ensuring and enhancing America's growth in the decades to come.

I'm proud of my work to achieve those values, such as implementing a progressive income tax code for the first time in New York State, allowing working families to pay the lowest taxes in 58 years, requiring millionaires to pay their fair share... we've had important victories, but there is still more to be done to advance a progressive agenda.

The first income tax code was adopted by the United States Congress in 1918 as part of The Revenue Act of 1918, and did not provide for any type of tax - deferred like - kind exchange structure.

Companies in New York state are «open to the idea» of moving the state income tax code to a payroll tax system, an anonymous senior state official told Reuters on Friday.

Trump plans to unveil a tax cut blueprint today that would apply a vastly reduced, 15 percent business tax rate not only to corporations but also to companies that now pay taxes through the personal income tax code — from mom - and - pop businesses to his own real estate empire.

Proposition 39: The California Clean Energy Jobs Act — The California Clean Energy Jobs Act (Proposition 39) changed the corporate income tax code and allocates projected revenue to the General Fund and the Clean Energy Job Creation Fund for five fiscal years, beginning with fiscal year 2013 — 14.

«Just over a month ago, the White House and Republicans unveiled a broad outline of a plan for fundamental changes in the US federal income tax code,» commented Professor Kim, of the Department of Health Sciences, Bouvé College of Health Sciences, Northeastern University, Boston, MA, USA, and the EHESP School of Public Health, Sorbonne Paris Cité, Paris Descartes University, Paris, France.

Nevertheless, rates remain lower than they were before the 2012 cuts, and this year's elimination of an exemption for pass - through income improves the neutrality of the state's income tax code.

-- Small businesses would benefit: It would include companies that don't pay through the corporate tax code, but for private businesses that pay through the income tax code (39.6 percent at the top).

To understand his statement, one needs to understand some part of the income tax code....

It also makes a technical amendment to the sing non-dependent filer in the state's income tax code.

Heastie and Assembly Democrats are pushing a measure that would revise the state's income tax code that is due to expire at the end of 2017.

NEW YORK (Reuters)- Companies in New York state are «open to the idea» of moving the state income tax code to a payroll tax system, a senior state official told Reuters on Friday.

The US administration seems to be suggesting that that the personal income tax code would be «better» with three tax brackets rather than the current seven.

This dynamic was driven home in December when Cuomo and Senate and Assembly leaders worked in secret to bang out a deal to revise the state income tax code.

h certainty that neither the income tax code nor one's tax bracket would change, it would make no difference in final wealth whether one made traditional tax - deductible contributions or non-tax-deductible Roth contributions.

If it were known with certainty that neither the income tax code nor one's tax bracket would change, it would make no difference in final wealth whether one made traditional tax - deductible contributions or non-tax-deductible Roth contributions.

A law passed by the United States Congress to simplify the income tax code.

As I mentioned earlier, my tax cut plan simplifies and lowers our income tax code by replacing the five tax rates with four lower rates.

This deadline is exactly 45 calendar days, so if the 45th calendar day lands on a Saturday, Sunday or legal holiday, the deadline is NOT extended to the next business day as it is in other parts of the income tax code and regulations.

The Income Tax Code section now refers exclusively to real estate assets, and has been retitled, «Exchange of real property held for productive use or investment.»