Sentences with phrase «lose sales tax»

For example, if cities lose sales tax revenue to online transactions, will property taxes rise?

Over time, the value of lost sales tax revenue would outstrip the Medicaid savings for an ever - growing share of counties.

Those lost sales taxes might be more than recouped by the added income of local bookstores.

In states where Amazon has lost the sales tax argument at the hands of lawmakers who are eagerly trying to make up for revenue lost in the recent economic downturn, the online giant has attempted to make amends with legislatures by investing in jobs and distribution centers in return for coming to a consensus on the issue.

It is estimated that Oklahoma has been losing sales tax revenue on over forty million dollars in puppy sales each year.

Not exact matches

Though most states theoretically require consumers to track and pay sales tax on purchases even if the tax isn't collected by the vendor, that rule has gone largely unenforced, leading to billions in lost revenue for cities and states.

As MPR notes, the city's analysis is weak not only because it looks at just two years» worth of data, but because of one crucial detail: that during the lost 2004 - 05 NHL season, St. Paul actually increased its sales tax intake over the previous season.

The front page of Fridayâ $ ™ s National Post reported, «The Conservatives will encourage the five provinces that do not have harmonized sales taxes — Ontario, British Columbia, Saskatchewan, P.E.I. and Manitoba — to take part by setting up a $ 5 - billion trust fund that would compensate them for lost revenue over the phase - in period.»

In the end, states have not collected any additional sales tax revenue, and actually lost income tax revenue from the impacted affiliate marketers.

NORAH WEINSTEIN: We've personally testified in Sacramento to remove sales tax from diapers, and we lost — two times.

Anticipating reluctance by Arlington Heights officials to losing a potentially lucrative commercial tract from the tax rolls, park officials warned that without the rezoning, the sale won't go through, and they'll turn their entire 13 - acre holding into ball fields.

But, county officials say they need the one percent sales tax exemption ASAP or the county will lose about $ 5 million in revenue.

I think the issue in Albany can be especially appreciated this time of year when residents are our enjoying the amenities that Erie County has to offer that would be threatened if we lost a portion of sales tax revenue.

This left Erie County in a very unstable position, possibly losing $ 279 million in sales tax revenue.

«The elimination of income and sales taxes in New York is equal to 9 percent of taxable income, meaning that if you make $ 100,000 a year you lose $ 9,000»

Reading between the lines, the report raises questions about how much Ulster actually lost during last year's «Cahill Sales Tax Crisis,» which deprived the county of a one percent sales tax surcharge in December and JanSales Tax Crisis,» which deprived the county of a one percent sales tax surcharge in December and JanuaTax Crisis,» which deprived the county of a one percent sales tax surcharge in December and Jansales tax surcharge in December and Januatax surcharge in December and January.

to raise $ 2.3 billion — an idea floated many times in the past — Suffolk County would potentially lose $ 120 million more in sales tax revenue than it would save on Medicaid.

The report estimated home values would drop by 10 percent, meaning counties would stand to lose property and sales tax revenue.

The City of Poughkeepsie will lose $ 2 million in Dutchess County sales tax revenue in 2013, but that was not the topic when County Executive Marcus Molinaro sat down with Mayor John Tkazyik and Common Council Chairwoman Gwen Johnson on Tuesday.

Towns like West Seneca and Aurora would lose out on millions of funding that comes from their portion of the sales tax leading to possible draconian cuts or even worse, further tax increases at the town and village level.

At his press conference Thursday, June 27, to unveil his BEAT plan for Midtown's revitalization, Gallo noted that he had asked Kingston Police Chief Egidio Tinti and Kingston Fire Department Chief Mark Brown to prepare «layoff lists» of «20 - plus» employees each, who might lose their jobs if the sales - tax supplement is not extended.

«It's not on my agenda,» Cahill said prior to the press conference, referring to accusations from Hein and others that he had thwarted passage of a sales - tax extension that could mean upwards of $ 26 million in lost revenue to county and local governments next year.

New York retailers — whether they're selling online or in a store — are losing business to competitors who undercut their prices by not collecting sales tax,» said Morris Peters, a spokesman for the state's Budget Division.

It isn't a disaster now, because the cost of upkeep + «lost» sales tax receipts doesn't add up to anything even close to the subsidies that would have gone to the developers.

«The elimination of income and sales taxes in New York is equal to 9 percent of taxable income, meaning that if you make $ 100,000 a year you lose $ 9,000,» Higgins said at a hearing.

In the Capital Region, losing a penny's worth of sales tax would cost Rensselaer County and its municipalities an estimated $ 22.3 million, county spokesman Chris Meyer said.

«IOGA of NY calls on the agency to also determine the full negative impact this delay has had on the state, especially the Southern Tier by examining lost sales, income and property tax revenue; outward job migration and jobs lost to other states; how the higher cost of fuel has impacted business growth in the state; and how many foreclosures could have been avoided.»

Mychajliw warned that districts and parents should be prepared to have 12 months notice to lose a massive amount of money if the county executive follows through on his idea to cut sales tax.

«They would lose more than $ 44 million in revenue if we no longer shared sales tax revenue with our school districts,» Mychajliw said.

In 2006, The Department of Health estimated that New York State was losing as much as $ 550 million in taxes through the illegal sales of untaxed cigarettes.

After moving dramatically to abolish property taxes as a source of funding for the schools, lawmakers last year decided to give voters a choice for replacing the lost revenues: either a two - cent sales - tax increase, to be considered in a March 15 referendum, or an income - tax hike, which will go into effect automatically if the sales - tax rise is rejected.

Also, I have had recurring issues with them losing track of my tax information that I set up with them so they could actually pay me for what few sales I've had with them.

With several states already feeling the sting of losing its affiliates» status with Amazon over a desire to enforce what the online retailer claims to be an illegal sales tax law, California was given ample fair warning about what would occur if the governor signed into law a bill that, among other things, would require Amazon to collect sales tax from its customers in that state.

As we surveyed the shelves in the history grad student row at the U book store, several of us grad sufferers decided that sales tax on books was how the state recouped what it «lost» on in - state tuition.

The key to an effective tax - loss harvesting strategy is to evaluate what you own and why you own it, identify investments that have lost value, and then consider the sale of some portion of those holdings to offset realized gains, expected future gains, or even income.

In California, where the state income tax is so high, you would usually choose to deduct the state income tax, so you lose the opportunity to deduct any state sales tax (or, if you buy something so expensive that the sales tax is greater than the state income tax, you can deduct the state sales tax but then you lose the opportunity to deduct the state income tax).

So, just to confirm, if you don't re-invest your dividends, are you losing out on this potential to minimize your capital gains because the dividends are paid out in cash and then you just get taxed on it at the end of the tax year and when you sell your investment, you potentially will have a larger difference between the sale price and book value (assuming your security increased in value), and thus pay a higher capital gains tax.

Despite promises of cheap land, it's easy to lose your shirt in a tax sale property.

Wash Sale Rules Investors who liquidate their losing positions must wait at least 31 days after the sale date before buying the same security back if they want to deduct the loss on their tax retuSale Rules Investors who liquidate their losing positions must wait at least 31 days after the sale date before buying the same security back if they want to deduct the loss on their tax retusale date before buying the same security back if they want to deduct the loss on their tax returns.

Be cautious of the wash - sale rule which could disallow a loss if you bought or sold shares of the same security within 30 days before or after the sale (see Selling Losing Securities For A Tax Advantage).

(To learn about a similar tax event that can occur in mutual fund sales, see Don't Lose Your Shirt On Mutual Fund Sasales, see Don't Lose Your Shirt On Mutual Fund SalesSales.)

There can be income tax consequences and personal liability on certain kinds of mortgages if you lose your property in a foreclosure sale.

The Oakland Chamber of Commerce has said that sales have dropped 40 % at surrounding businesses as customers are afraid of being harassed going downtown (this also means lost revenue for the city in terms of sales taxes)

If you don't pay property taxes, or allow your hazard insurance to lapse, your mortgage lender risks losing its collateral (your home) to a tax sale or fire.

Considering the reckless usage of deposits and other public monies to build buildings just to claim that gdp is high (they count the cost of real estate as investment not their final sales as the rest of the world does), all depositors in Chinese banks stand to lose or at least have their funds frozen (since all credit funding the real estate building comes from the banks and taxes & land seizures to a lesser degree).

We will lose a lot of money in the sale (and we spent thousands and thousands on taxes, upkeep, plumbing issues, utilities), but keeping it would only compound our stupidity.

Then if you paid capital gains taxes on the sale, you would lose on four fronts (taxes, trading costs, and being wrong with your market timing bet twice).

Homeowners who lost their homes to either a foreclosure, short sale or had a bank «forgive» part of their mortgage principal (this could have occurred during a loan modification) used to have to pay income taxes on any money that their lender agreed to write off.

That is because many of these commercial breeding operations are not licensed or registered; the county as well as the state is losing hundreds of thousands of dollars in sales tax revenues.

Considering the number of animals they house and «sell», just how much sales tax revenue is being lost in the state - one of their arguments against breeders!