Sentences with phrase «more wealthy taxpayers»

This unjustifiably rewards high - tax states, and because deductions rise with income (they are worth 39.6 cents per $ 1 at the top, but only 10 cents or less at the bottom), it also rewards areas with more wealthy taxpayers, even holding state and local tax rates constant.

Not exact matches

Separately, some Republican senators were questioning the repeal of a 40 percent inheritance tax levied on estates worth more than $ 5.5 million, or $ 11 million for married couples — a tax paid only by the wealthiest American taxpayers, or about 0.2 percent of Americans, according to the Center on Budget and Policy Priorities, a research and policy institute.

The alternative minimum tax for individuals, which limits tax breaks for wealthy taxpayers, is retained in more limited form.

Wealthier taxpayers might be holding back on cashing in investments while they wait to see if Congress makes changes to the tax code that could result in more advantageous tax rates.

Although, certain «elite» universities seem to strongly favour overseas students (mostly American), especially on postgraduate courses, no doubt because they are far more lucrative than home - based students (highly ironic, considering the recent funding outcry - more money from the taxpayer for the best tutors to tutor the wealthier overseas students).

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 33 are part of two groups, Patriotic Millionaires and Responsible Wealth, that wrote the state «can and must do more to invest in the state's unmet needs, and we believe wealthy taxpayers like us should be part of the solution.»

He said that the wealthy - or those with the «broadest backs», as he called them - had to make a fair contribution and that trying to create a system to deal with the «two basic - rate taxpayers with a combined income of more than # 44,000» anomaly would be terribly complicated.

Cuomo in January proposed a tweak that would boost the total amount by 1 percent, or $ 428 million, but critics have said that his plan funnels money to more wealthy districts, thus depriving rural, poor districts — including those in the Adirondack Park — both their rightful share and relief for taxpayers.

This off formula funding tends to distort the equalizing aspects of the school aid formula and give more money to property wealthy districts and their taxpayers.

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.

Setting aside hypothetical Pastafarians, imagine if Arizona's wealthier taxpayers are more likely to support Protestant - aligned schools while its lower - income parents are more likely to prefer Catholic schools.

Wealthy taxpayers will now find capital losses more valuable than ever because of the capital gains rate increase for those in the top two brackets.

Alternative Minimum Tax Exemptions The Alternative Minimum Tax (AMT) was designed to ensure that wealthy Americans don't avoid paying their share of federal income tax: taxpayers pay whichever amount is more, their regular tax or the AMT amount.