Sentences with phrase «millions of households earning»

Under one version of the proposal, about 1 million families would be hit with a 4.3 percent surtax on income over $ 500,000, which would raise enough money to permit Congress to abolish the alternative minimum tax for millions of households earning less than $ 250,000 a year, according to Democratic aides and others familiar with the plan.

Not exact matches

New estimates show that almost half of the pass - through deductions will benefit households earning more than $ 1 million per year.

A Government spokesman said: «We're helping millions of households meet the everyday cost of living and keep more of what they earn.

A government spokesman said: «Record numbers of people are now in work and we're helping millions of households meet the everyday cost of living and keep more of what they earn.

At an annual cost of $ 410 million, the Family Tax Relief Rebate provides $ 350 to households with children under age 17 and annual income between $ 40,000 and $ 300,000; the Property Tax Freeze Rebate provides an amount equal to the annual increase in property taxes to homeowners earning less than $ 500,000 in tax cap - compliant local governments and school districts and costs $ 783 million annually.

The $ 73 million project is being funded under HPD's Extremely Low and Low Income Affordability (ELLA) program, which funds construction of rental projects affordable to households earning up to $ 48,960 for a household of three.

An analysis by the nonpartisan Congress» Joint Committee on Taxation found the Senate version of the tax bill actually would increase taxes in 2019 for 13.8 million households earning less than $ 200,000 a year.

At LaGuardia Community College in Queens, the governor revealed he would ask the State Legislature to allocate $ 163 million to create the «Excelsior Scholarship,» which will offer free tuition full - time State University of New York and City University of New York students from households earning up to $ 125,000 per year.

- GDP per capita is still lower than it was before the recession - Earnings and household incomes are far lower in real terms than they were in 2010 - Five million people earn less than the Living Wage - George Osborne has failed to balance the Budget by 2015, meaning 40 % of the work must be done in the next parliament - Absolute poverty increased by 300,000 between 2010/11 and 2012/13 - Almost two - thirds of poor children fail to achieve the basics of five GCSEs including English and maths - Children eligible for free school meals remain far less likely to be school - ready than their peers - Childcare affordability and availability means many parents struggle to return to work - Poor children are less likely to be taught by the best teachers - The education system is currently going through widespread reform and the full effects will not be seen for some time - Long - term youth unemployment of over 12 months is nearly double pre-recession levels at around 200,000 - Pay of young people took a severe hit over the recession and is yet to recover - The number of students from state schools and disadvantaged backgrounds going to Russell Group universities has flatlined for a decade

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

That tax, which was established in 2009 in the aftermath of the recession, sets the state tax rate for households earning $ 2 million or individuals earning $ 1 million at the higher rate of 8.82 percent,

Given that the median household income is $ 59,039 — according to the U.S. Census Bureau — it would take about 17 years to amass $ 1 million if a person earning that much saved every cent of every paycheck.

Consider a household that earns $ 20,000 and pays $ 1 in taxes and another that earns $ 2 million and pays taxes of $ 500,000.

In 2014, 1.5 million households earning between $ 40,000 and $ 50,000 a year claimed the MID, receiving an average benefit of $ 14 a month.

Another recent report out of the National Low Income Housing Coalition (NLIHC) purports an inability for renters in every state, earning minimum wage and working 40 hours each week, to afford a two - bedroom rental, giving way to a shortage of 7.4 million affordable units for low - income renter households.

In 2016, 6.1 million (or 18 percent of) renter households brought in more than $ 100,000 a year, the report shows; in 2006, only 3.3 million (or 12 percent of) renter households earned $ 100,000 - plus.

Sixty - two percent of renter households earn below 80 percent of AMI, with 12 million American families spending more than 50 percent of their household income on rent.

The U.S. is facing a shortage of 7.4 million rental homes that are affordable for extremely low - income households, defined as those earning below 30 percent of area median income.