Sentences with phrase «more middle class taxpayers»

However, over time, more and more middle class taxpayers were caught in the AMT tax net.

Not exact matches

Exactly how much taxpayers would save — or how much more they would pay — depends on many factors, and as Business Insider's Josh Barro pointed out, tax cuts for middle - class Americans aren't likely to be as sweeping as Republicans make it sound.

The net result was that 81 per cent of middle - class taxpayers saw their taxes rise, and on average pay $ 840 more annually.

As a middle class taxpayer who contributes far more to the pot then I take out I object to corporate welfare.

«We have led the way on controlling state spending, capping local property taxes, and soon, millions of middle class taxpayers will get to keep more of their income to invest and spend as they see fit.

Cuomo said preventing upper - middle - class and wealthier taxpayers from using the deduction will help drive them out of the state and put more of a tax burden on lower - income earners.

The tax cut for middle - class wage earners amounts to a fraction of 1 percentage point and will be funded by an increase in the rate for married taxpayers making more than $ 2 million a year and single taxpayers whose yearly income exceeds $ 1 million.

«The product of hard work and compromise, our state spending plan meets the needs of middle - class taxpayers and their families and advances key initiatives to make our state more affordable,» Flanagan stated.

Either this discordant plan is a front for public school expansionism, bent on adding another grade or two to its current thirteen, and adding the staff (and dues - paying union members) that would accompany such growth, or it's a cynical calculation: only by appealing to the middle - class desire for taxpayers to underwrite the routine child - care needs of working parents will any movement occur on the pre-K front, and the heck with the truly disadvantaged youngsters who need more than that strategy will yield.

After federal income tax deductions, Connecticut's wealthiest taxpayers pay an average of 5.5 percent for their income in state and local taxes, compared to 10.5 percent for middle - class families and more than 11.0 percent for the state's poor.

The net result was that 81 per cent of middle class taxpayers saw their taxes rise, and on average pay $ 840 more annually.

But because it was not automatically updated for inflation, more middle - class taxpayers were getting hit with the AMT each year.