Sentences with phrase «more tax revenue from»

The AMT hasn't been adequately adjusted to catch up with inflation for years because the government knows this is a great way to generate more tax revenue from the middle class.

Not exact matches

Though Canada's provincial revenue volatility troubles have much more to do with resource royalties than personal income taxes, Alberta and Newfoundland could perhaps learn a thing or two from the trials and tribulations south of the border — and how the smartest states are trying to fix the problem.

Barros explained there was no development slated for that land otherwise, and thus, Boston would reap much more in property tax revenue from the land with GE there than without it.

Republicans argue that the new economic growth from the bill will in turn generate more revenue, since larger incomes mean more taxes to collect.

The above - referenced editorial also points out that 48 % of state and local revenues collected in N.J. come from property taxes, which is off - the - charts high: «No other state derives more than 41 percent of its revenue from that source; the U.S. average is 33.1 percent.»

Implemented last year, the measure had increased the tax for on - island companies with more than $ 2.75 billion in revenues that buy goods from off - island «related parties» to 6.5 percent from 2 percent...

Lost revenues from tax cuts, twinned with greater government spending, mean more borrowing to fund deficits.

Budgetary revenues as a share of GDP are projected to decline from 14.8 per cent in 2015 - 16 to 14.4 per cent in 2025 - 26, as higher personal income taxes, resulting from the progressivity of the tax system, are more than offset by stability or declines in the other taxes.

More than half of revenue from the tax goes to schools.

Financial Aid: In 2017, for the first time ever, America's public universities received more revenue from tuition than they did from tax dollars — a funding model that places a higher burden on students and their families and risks widening economic inequality, even as the population of would - be students becomes more diverse.

Unless this tax favoritism is reversed, more and more revenue will be diverted away from spending on consumption and investment to pay debt service and «financialize» the economy even more.

And that extra $ 300bn in tax revenue comes from a precarious assumption: that lower taxes will encourage businesses to buy more machines, making workers more productive.

Additional stabilization from unemployment insurance, although smaller in total magnitude than that from the tax system, is estimated to be eight times as effective per dollar of lost revenue because more of the money is spent rather than saved.

That suggests that weak domestic demand is becoming an increasingly significant source of disinflationary pressure, adding to the impact from falling world energy prices and the end of a period of administered price rises as governments sought to repair their finances by increasing revenue from sales taxes and charging more for services such as health care.

These may have lessened the fall in Canadaâ $ ™ s corporate tax revenue losses, but not by much. Even worse, this tax shifting makes the overall net impact even more negative as any revenue gains from income shifting come at the expense of even greater revenue losses elsewhereâ $» and fuel a race to the bottom with tax cuts.

It's that time of year again when tax collectors at the Canada Revenue Agency, at the behest of their political masters, siphon more from the pay stubs of Canadians while giving corporations a New Year's bonus.

In «Ontario's Tax on the Rich: Grasping at Straw Men,» Associate Director of Research Alexandre Laurin finds taxpayers» behavioural responses will reduce revenue over the long run by more than the province can expect to collect from the tax hiTax on the Rich: Grasping at Straw Men,» Associate Director of Research Alexandre Laurin finds taxpayers» behavioural responses will reduce revenue over the long run by more than the province can expect to collect from the tax hitax hike.

Closing that gap further with taxes on high earners would eventually require more than doubling the payroll tax rate for high earners (assuming no additional money from investment income, as capital gains would already be past their revenue - maximizing limit), bringing the total tax hike to about 25 percent for those earners.

Similarly, they fantasize about taking in more revenue from the rich by increasing the tax rates on wealth.

It will clear up our courts and our jails, it will allow police to focus on real crime, it will allow it to be used for medicinal reasons, it will reduce crime, it will stop money from being wasted on the drug war, and it will bring in more tax revenue.

Although the Park Boulevard properties would add a slew of commercial and institutional buildings to Glen Ellyn, a normally large revenue source from annexation - more than $ 100 annually in rebated state taxes for each additional resident - would not be significant, because fewer than 10 homes would join the village.

Raising more revenue from the rich is popular, significant cuts in service are unpopular, and the payroll tax is very unpopular.

Now, governors and state legislators are considering how to adjust their own tax codes to shield residents from paying more or, in some cases, whether to apply any of the unexpected revenue windfall to other priorities instead.

I can not be alone in thinking that it would be more beneficial for the government to be spending their scarce pennies on recovering lost VAT and creating an education programme to make it easier for individuals - and businesses - to fill in their tax forms correctly, when a massive two - thirds (65.9 %) of the lost revenue comes from these areas.

«Whether we have more revenue or not, my Senate colleagues and I are not going to support additional taxes in the state of New York,» said Sen. James Tedisco, a Republican from the Albany area.

Far less attention was given to the extension of the Health Care Reform Act of 1996 (HCRA), which authorizes two taxes that yield more than $ 4.3 billion annually and a mix of other revenues from health care related sources.

Klein's legislation calls for a more specific, one - time charge that would come in the form of monthly payments of $ 35.6 million from local sales tax revenue over the course of 12 months in order to meet $ 428 million, or just over half of the plan.

«Although school districts more reliant on state aid derive a greater benefit from the current environment of low levy growth and increased state revenues, property taxes have traditionally been a more stable source of revenue than state aid.

Apart from the nuclear issue, the exploitation of Scotland's fossil - fuel resources is a major industrial activity, and even more a source of tax revenue, while there is outstanding potential for renewable energy generation, especially wind, wave and tidal.

Never mind that de Blasio insisted multiple times that he has no plans to draw more revenue from the tax by increasing the rate and that his proposed budget itself increases spending by less than 1 percent.

Rates for particular kinds of state and local taxes vary much more than state and local spending from tax revenues per capita.

Cuomo, who is under fire from progressive groups to keep a tax on those who make $ 250,000 or a more a year that's set to expire, said tax revenue collection has lower than expected during this fiscal year.

A meat tax would bring more fairness to the tax system, and the revenue gained could go towards funding educational programmes about the health and environmental benefits of abstaining from meat, eggs and dairy products.

Despite his six - figure income funded by taxpayer dollars, Terry has since 2000 amassed nearly $ 1.2 million in federal liens from the Internal Revenue Service and more than $ 205,000 in state tax warrants.

«Lower the tax rates, make government more efficient, get the businesses back here, get the private sector booming and then you will be able to fill the coffers when you're collecting road tax from more tractor trailers on the road, more gas tax from more people commuting to work, more sales tax revenue.»

The Dream Act would allow immigrants in New York to contribute more fully to the state economy, boosting longterm state's $ 1.5 trillion GDP by at least $ 1.8 billion a year, and increasing state and local tax revenues in New York by $ 62 million, according to a report released today by the Fiscal Policy Institute that draws on analyses from the Center for American Progress and... (read more)

Government watchdogs expressed concern that the budget added more than $ 700 million in new agency spending since January despite reduced tax - revenue projections from real - estate transactions and personal income taxes.

Silver agreed with Strong Economy for All Coaliton head Mike Kink's assessment that up to 85 percent of the revenue currently being generated by the so - called millionaire's tax (set to sunset at the end of this year) is actually coming from people with assets of $ 1 million or more.

They also worried about the loss of jobs and tax revenue from Indian Point, which for more than 50 years has operated in Buchanan, Westchester County.

Many of the same warnings Mario Cuomo heard in the 1980s about Shoreham are the same ones his son hears today from supporters of Indian Point: Closing a nuclear plant will result in blackouts, a less reliable electric grid and increased air pollution as fossil fuels are burned to replace the lost emissions - free nuclear power; customers could face higher bills; more than 1,000 jobs will be lost, and tax revenue for schools and towns will dissipate.

His budget closed a projected $ 4.6 billion deficit with $ 1.8 billion of spending cuts, $ 1.5 billion in additional revenue from increased taxes and fees and $ 1.3 billion of one time transfers, and did not tap into the state's $ 1.2 billion of reserves or increase the top income tax rate on those earning $ 1 million or more.

He said MMA would have a positive economic impact in the state — a study commissioned by the UFC predicted it would generate $ 137 million in economic activity around the state from training by 2019, and could bring in more than $ 5 million in tax revenue — and has always been talked about in the context of the state budget.

From that additional spending, the county would receive $ 500,000 or more in new sales tax revenue.

Connecticut's rising income disparity is causing the state's revenue from taxes to grow more slowly and to become more volatile.

More recently, How cutting corporation tax would boost revenue uses new regression analysis and examples to make the case that the dynamic rewards from cutting corporate tax are now sufficient to increase revenue and Gordon Brown's Economic Failure provided the most comprehensive case yet that Brown's record as chancellor was a poor one.

But that won't keep the towns from lobbying for more sales - tax revenue, of course.

Aside from the county's decision to use reserves from the sewer stabilization fund, an attempt to bring back about $ 120,000 more in revenue to the East End, generated through the county's hotel / motel tax, stalled in the Legislature's economic development and energy committee.

Our transit agencies must be more entrepreneurial in how they deploy their assets, whether it is air rights, advertising, retail rentals or working with municipal and county governments to negotiate a share of the increased tax revenues that result from new transit projects.

Though more money, $ 3.3 billion, came into the state coffers in August compared to this time last year, the state is relying on one - time revenues from tax settlements to shore up its budget.

Year - over-year tax collections from the personal income tax and sales tax in 46 states have grown by more than 10 percent from April through June, but revenue on the local level remains stagnate compared to last year, The Rockefeller Institute for Public Policy found.