Sentences with phrase «less sales tax»

From there, they conspire to spread the bug around town, and soon the frazzled mayor is worried about the loss of city revenue (reduced smoking and drinking mean less sales tax, you see).

And that, according a just - issued report by the state comptroller, is because of the drop in gasoline prices, causing significantly less sales tax money to be collected at gas stations in Suffolk, as well as other areas of New York State.

«If this four percent increase were to go through the entire year, we would have a budget surplus, because we budgeted for less sales tax growth,» Mahoney said.

Not exact matches

But there are regulatory and tax issues that make the sale of cannabis less attractive from a profit - and - loss standpoint.

All along, the rhetoric has focused less on policy than on Campbell's reversal on the HST issue since the 2009 election campaign, and the extension of sales taxes to services the PST overlooked.

«If you anticipate the kind of huge appreciation in your personal wealth that could come from an IPO or a company sale, the best thing you can do is transfer stock to your heirs before the sale, because it will be worth much less then, and that minimizes the tax liability,» explains Allan Landau, a partner with Boston law firm Sherburne, Powers & Needham.

They incorrectly believe that no taxes have to be paid because their sales are less than $ 30,000.

But if this owner structured a deal around the sale of assets, the after - tax outcome would be far less lucrative for her.

If the holder of an applicable partnership interest is allocated gain from the sale of property held for less than three years, that gain is treated as short - term capital gain and is taxed as ordinary income.

Joly stated during Best Buy's most recent conference call that 89 % of the U.S. population now lives in states where Amazon collects sales tax, up from less than 50 % three years ago.

It is not clear that the construction sector would be better off with $ 2.3 billion less tax on its inputs, but $ 2.5 billion more tax on new - home sales.

In summary, the likely results of sales - tax harmonization would be: huge savings for business, mostly unrelated to productivity - enhancing investment; slightly higher consumer prices;  lower provincial revenues; and $ 5 billion less for important federal programs.

We multiplied the average sales tax rate for a county by the household income less income tax.

During those two days, clothing and footwear items costing less than $ 100 can be purchased sales tax free.

Provincial sales tax remains steady at 6 % but the PST exemption has been eliminated for used light vehicles with the exception of used vehicles sold privately and purchased for less than $ 5,000.

While Vancouver's empty home tax and restrictions on home - sharing services like Airbnb have helped slow detached home sales, demand for less - expensive condos has become frenzied, prompting some experts to question whether any new policy will be effective.

Because if you acquire C corporation stock before the end of the year, and your business qualifies as a qualified small business under Section 1202 (in general, less than $ 50M in gross assets and not a service business), you may escape tax entirely on your ultimate sale of the stock.

Specifically, a recent analysis by Graham Secker, MS & Co.'s European equity strategist, found that recent disappointments in European corporate profits are a function of at least three important factors that may be reversing: idiosyncratic issues related to heavily skewed index exposure to financials and commodity - linked industries; weak operating profit leverage linked to declining emerging market sales; and less aggressive use of buybacks, tax optimization and non-operating cost reductions versus U.S. peers.

As well as helping the less fortunate and supporting important causes, a foundation or trust can be a tax - efficient investment and an excellent promotional and sales tool.

Canada, in contrast, for example, treats death as a deemed sale of capital assets to the inheritors under its income tax, which makes an inheritance tax somewhat less important for revenue protection purposes.

Sales taxes are less important due to the city's broader tax base.

For most counties, a uniform reduction of sales tax revenue by 1.2 points would be less than the cost of Medicaid, making the swap an attractive deal.

Kingston Mayor Shayne Gallo, in his annual budget message last week, blasted Cahill and / or the $ 750,000 he says the assemblyman's sales - tax blockade will cost the city no less than 15 times in the first three pages of a 14 - page presentation.

Mentioned less often is that three times that sales tax dip has been expended because of the county takeover of municipal Safety Net welfare expenses.

That includes the end of a state exemption on sales tax for clothing and shoes totaling less than $ 110, as well as the extension of sales tax to «digital products,» including e-books and services streaming music and videos.

They include tax on opioid prescription drugs, a highly speculative tax on health plans that convert from nonprofit to for - profit status, a tax on for - profit health insurers who will pay less in federal tax, a tax on «vaping» products and a sales tax on all internet purchases, no matter where the retailer is located.

Lalor also applauds the omission of a proposal that would have required vendors who sell less than $ 10,000 worth of goods a year via online platforms, like Etsy, to collect sales tax.

Giambra's proposed «green budget» cut less in exchange for a higher sales tax rate.

The legislation will eliminate a sales tax exemption on clothing and footwear purchases of less than $ 110 starting on Oct. 1.

The FSB has called for the British government to seek a less rigid application of VAT rules to enable more flexibility in reducing sales tax.

The 2.1 percent projected growth compares to a slightly less than the two percent overall sales - tax growth detailed in a state comptroller's report over the 2010 - 16 period (projected).

Under the proposal the two sales taxes that the county is allowed to impose by the state (the state takes four percent of the overall eight percent), a three percent more or less permanent imposition, and the one percent county extender (the so - called «Cahill sales tax»), are treated separately.

If that's the scenario, people will pay slightly less in sales taxes for three months and the county government will be out some $ 6 million in sales - tax revenue, which Cahill claims Hein has squirreled away in budget surplus.

Vos said if a Democrat - controlled Legislature could not muster the votes to pass the sales tax increase, it would be even less likely if Republicans gain control of the governor's office, Senate or Assembly after the November elections.

That is the year Mahoney started to rely less on property taxes because she held back the share of sales tax revenue the county shares with the towns and villages.

The cost of medical insurance also continues to rise, while revenue from the sales tax and real estate transfer tax is less than previous years.

This decline likely contributed to local governments collecting... less in fuels sales taxes in the first half of 2016 compared to the first half of 2014.»

The 2.1 percent projected growth compares to the slightly less than 2 percent overall sales - tax growth detailed in a state comptroller's report over the 2010 - 16 period (projected).

Under the proposal the two sales taxes that the county is allowed to impose by the state (the state takes half of the overall 8 percent), a 3 percent more or less permanent imposition and the 1 percent extender are treated separately.

The final budget bill, passed by the Senate Tuesday night after a long day of political horse - trading, calls for a 4 % state sales tax beginning Oct. 1 on clothing and shoe purchases of $ 110 or less.

The first, appointed two years ago, quietly released a report that recommends, among other things, eliminating the sales tax on clothing worth less than $ 110, and imposing a tax on digital services like iTunes and Netflix.

If an item is subject to sales tax, in accordance with state tax laws, the tax is generally calculated on the total selling price of each individual item, including shipping and handling charges, gift - wrap charges and other service charges, less any applicable discounts.

If more revenue comes from property tax which, generally speaking, is a more stable stream than sales and income tax that comprise so much of the State's GF, the district will have less exposure to decreases in state - supported LCFF funding.

More information about the 2012 Mitsubishi i - MiEV: The 2012 Mitsubishi i is not only one of the first regular - production electric cars for sale in the U.S. market; for 2012, it's the lowest - priced, fully electric passenger car available to Americans — costing as little as $ 21,625 after the $ 7,500 federal tax credit, which is thousands less than the Nissan LEAF.

One useful and less painful alternative would be to tax cars at first sale on weight.

Advantages include having lower monthly payments, having to put down less money for a down payment, you can «afford» a «better» car, your repair costs are lower since you are leasing a new car under warranty, you get to trade it in for something new every two or three years, you don't have any trade in squabbles at the end of the lease and you pay sales tax only on the part of the vehicle you finance.

In less than six months since my first publication I have already sold a few dozen books out of hand and to museums through Moraine's Edge Books, and I function as a registered business, collecting sales tax, etc..

There, if you're not generally in the business of selling books to the consumer, sell your books for three days a year or less, and make less than $ 600 from the sale, you are exempted from collecting and remitting sales tax.

Under the terms of its charitable sales promotions, Humble Bundle will remit all funds designated for a particular charity, less any applicable taxes, purchaser refunds / credits, and processing fees in accordance with the instructions of the customer.

To avoid sales tax; my plan is; I will be asking B&H or Adorama to deliver my order in a city nearby that is not in NY / NJ, example Stamford - CT (it's less than 1 hour travel).