Sentences with phrase «increase in taxes»

The city estimated only modest increases in tax revenue, because of lower revenue from income taxes and real estate sales taxes, offset by a rise in property tax receipts.

There have been corresponding cuts in government investment, in infrastructure for example, as well as increases in taxes and reductions in transfers.

Without significant increases in taxes, we can not use state tax dollars for both public and private schools.

This is a huge potential increase in taxes that all investors should be scared of.

Community members expressed worry over increases in taxes that would be needed in order to support the park district's venture.

Probably it will be made clear this means no overall increase in tax - some might go up, but only if offset by other tax cuts.

The term paper - persuasion is reasoning on any urgent question (a problem of abortions, reasonable increase in taxes to health services etc.).

The escrow account will advance the funds to cover any unexpected increase in tax or insurance payments, which may result in higher monthly payments.

Anything using carbon in its manufacture or distribution will get more expensive due to annual increases in the tax.

A small increase in pay and a bigger increase in taxes.

The authority's finances improved this year with almost a $ 500 million increase in tax revenues, and costs such as energy, debt service and pension contributions have decreased.

I would then add $ 500 on to my total to cover potential increases in taxes / fees.

Suppose Congress declared a one percent increase in the tax rate for just the taxable incomes over $ 500,000.

Local governments and schools in New York State say they are struggling over a property tax cap that will allow what amounts to a zero percent increase in tax levies in the coming year, but Governor Andrew Cuomo said they'll likely have to stick with those rules.

But with the new tax bill, their effective California tax bills will increase by $ 9,000; a 35 percent increase in taxes for the privilege of living in California.

The request to exceed the tax cap comes from Mayor Paul Dyster who proposed a more than 2 percent increase in residential property taxes and what some council members say could be a 14.7 percent increase in taxes on commercial properties.

If you saw a large decrease in your tax bill after the recession took hold and property values crashed, you could be seeing an equally large increase in your tax bill, much more than 2 %, as home prices have recovered to the levels there were in 07 ′ -08 ′.

The monthly fiscal monitor report says revenues were up $ 14.1 billion, or 5.3 per cent, compared with a year ago, boosted by increases in tax revenues and other revenues.

«We expect at least 20 percent increase in tax collection rate which is conservative in terms of our revenue projection.»

An article in some Oct. 31 editions incorrectly stated that the Addison Park District is seeking a 12 - cent increase in its tax rate on the Nov. 5 referendum ballot.

In recent years, the Affordable Care Act and the bipartisan tax negotiations in late 2012 have led to large increases in tax rates on high salaries and capital income, making the tax code significantly more progressive.

The quid pro quo is that the proposed increase in the tax threshold would have to be funded from the proceeds of growth not spending cuts.

«Somehow Senator Oppenheimer and her allies in the Legislature have contrived a spending scheme that includes increases in taxes and overall spending, but reduces state aid to schools,» said Cohen.

«On the corporate side, we disregard the temporary increase in tax payments in 2018 related to the tax on deemed repatriation; we do not estimate a growth effect from those repatriated profits, either,» the note said.

Observation: Although the standard deduction increases for all taxpayers, because of the increase in the bottom tax rate from 10 % to 12 % and the elimination of personal exemptions, some lower income taxpayers could see a small increase in their tax bills under the Trump tax plan.

The CPP benefits expansion — as with pharmacare — requires increases in taxes.

Increase in income means increase in tax liability.

Indeed, Global Blue has seen a 13 percent increase in tax free shopping abroad by Indians year - on - year June 2016, and expects 50 million outbound Indian tourists by 2020.

«If you temporarily raise taxes and then extend that temporary increase in taxes, you've done a tax increase,» said McMahon.

The median net worth for all U.S. senators increased in tax year 2012 to $ 2.7 million from $ 2.5 million the year before.

In response, Morneau said the plan will be revenue neutral overall and that there will be no net increase in taxes.

And again the most recent fiscal squeeze seems to fit a trend in which increases in tax revenue have played a smaller part in fiscal austerity packages in the UK over the last 30 years than in earlier periods.

Why do you think wealthy Democrats support increases in tax rates and estate taxes?

If these changes go through, there are many scenarios where a typical middle - class, family - run business from which the owners draw a salary of $ 100,000 could see a substantial — 20 to 50 per cent — increase in tax paid.

Here are a few themes that sum up the impact of budget on the insurance sector: Increase In Tax Benefit: In lieu of extending benefits to middle - class taxpayers, the FM increased the limit of deduction against health insurance premium from Rs 15,000 to Rs 25,000.

Without increasing the tax share of output, 1 per cent real growth over the next 40 years will yield an inflation - adjusted increase in tax revenue per capita of about 50 per cent.

Mr. Harper recently announced two new economic and fiscal commitments — one relating to the creation of new jobs and a second relating to legislation prohibiting increases in tax and premium rates over the next four years.

A $ 1,000 increase in taxes does not bite as much if someone can reduce it almost to $ 600 because they are in a 39.6 percent tax bracket.

The crying of the corporate babies over a 1 - 2 % increase in their tax burden is ridiculous.

In a few sectors, such as apparel and autos, the estimated increase in tax liability (even after including corporate tax cuts) would represent a sizable fraction of overall profits.

It's just another disincentive for employers to grow to more than 50 employees because of the marked increase in taxes and ridiculous legislative requirements, such a creating a lactation room.

The Member of Parliament for Old Tafo constituency in the Ashanti Region told Joy FM that: «I don't like general increases in taxes when I know that they are not collecting the most that they can collect.

The World Bank observed a 16-fold increase in tax compliance after it piloted mobile participatory budgeting in Ibanda.)

Senator Martin J. Golden, a Republican from Brooklyn, recalled increases in taxes and spending when Democrats ran the Senate in 2009 and 2010.

Actual increases in tax collections imposed by districts may end up being more or less than 2 percent, depending on local factors such as bond issues to fund school reconstruction or repairs, which are exempt from the cap.