Sentences with phrase «more tax revenue out»

Not exact matches

In 2009, General Motors killed its Pontiac line of vehicles, which was named for the city, and then announced the closure of two local plants, putting more than 2,000 people out of work and costing the city a huge chunk of tax revenue.

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.»

The financial sector accordingly aims to shift taxes off its major customers (real estate and monopolies) so as to leave more revenue «free» to be capitalized into bank loans and paid out as debt service.

Subsequent tax incentives in the 1980s (such as Section 1042 of the Internal Revenue Code) allowed owners of privately held businesses to defer their capital gains taxes when they sold more than 30 % of C corporations to the employees and managers through ESOPs or eligible worker cooperatives.15 Often, retiring entrepreneurs would sell 100 % in stages so that they could fully retire if they had no heir to operate the company or the family wished to cash out on their stake.

In recent days that agenda has focused more on Upstate as Cuomo rolled out details for expanded gambling, then two revenue - sharing agreements with Native American - run casinos, and now a tax program that would favor communities with SUNY schools that are primarily outside of New York City.

They point out that there was more than $ 1 billion in foregone tax revenue last year because of the program, with about 150,000 units receiving benefits.

Assembly Speaker Carl Heastie staked out further ground on the millions tax, saying he would like to potentially see more revenue generated in order to provide a greater chunk of funding for education.

As one remedy for ringing more revenue out of an increasingly squeezed tax base, Cuomo said he is considering a new employer - paid income tax on wages, a replacement for state income tax that is currently paid by wage earners.

The Legislature also cut the city of Syracuse's sales tax revenue by more than $ 10 million next year, but restored that money in subsequent years, keeping the city about level over nine out of 10 years.

As states continue to slash education budgets to accommodate declining tax revenues, schools respond by trying to squeeze even more out of their beleaguered teachers.

So when the Fed is ready to blow it all out into the economy, and presuming the economy is healthy enough to start taking it (more on this below), first they cut the IOER rate to 0 % (I would advocate charging banks money, but maybe you do it in steps), second they start raising short term interest rates (creates demand) and then once the economy is powering forward on private credit creation like normal then the deficit will start closing naturally as the economy grows and tax revenues increase and unemployment will come down (GDP gap closes).

It is a revenue officer's job to assess a case and collect back taxes from businesses and individuals with cases that are out of the ordinary, such as those who owe more than $ 100,000.

The believable constraint (carbon tax revenues shouldn't exceed current tax revenue, raising the tax rate) doesn't raise a problem, and the tougher restriction he pulls out of his butt (no more than 10 % of current revenues) has no obvious empiric basis, and in any case could easily be addressed by phasing in a carbon tax over five or ten or twenty years, which is something advocates for a serious carbon tax endorse anyway.

In fact, British Columbia's carbon tax has turned out to be revenue negative, cutting more in prosperity taxes than it's raising in pollution taxes.

Now, most of that goes back out in «services», but assuming a selective intake to favour more economically productive immigrants (ie ones that generate more in taxes than they consume in services), we could probably generate an additional $ 5,000 in government revenue from each new immigrant, or $ 5B for every 1 million.

To find out more about whether you need to file a tax return, you can contact the nearest Canada Revenue Agency office, listed in the Government blue pages of your telephone book.

Find out more information on reporting royalty income on an income tax return or visit the Canada Revenue Agency website.

The more that governments can gain tax revenue out of digital currencies, the less they are likely to attempt any kind of crackdown.

Governments collect less tax revenue than they would if Aboriginal people earned adequate incomes, and they pay out more in social assistance, other income support payments, and housing subsidies.