Sentences with phrase «of wealthy taxpayers»

This becomes an issue in a given state or district when the wishes of wealthy taxpayers (those who owe enough state taxes to make STO donations and get the resulting tax credit) are not aligned with the wishes of parents.

Not exact matches

The ostensible goal of the individual AMT is to prevent wealthy taxpayers from paying little to no federal tax.

But the wealthiest taxpayers have been a source of wild revenue swings in many states for long before that.

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.

Amazon's faux competition will lure one otherwise enviable place into handing over a huge amount of its taxpayers» money to a fabulously wealthy corporation for something that place could have gotten for free.

Alternative minimum tax: The alternative minimum tax (AMT), which was designed to affect only the wealthiest taxpayers but has been a thorn in the side of millions of others, would be completely repealed.

Currently, the estate tax only affects the wealthiest taxpayers, due mainly to the availability of a $ 5.49 million exemption.

The tax code is so complicated because the wealthiest taxpayers have the ability to change the nature of their income, he said.

«The House Republican tax reform plan abandons middle - class taxpayers in favor of high - income Americans and wealthy corporations.

It's an «extra» tax imposed by the IRS to prevent wealthy taxpayers from taking advantage of so many credits and deductions that they effectively avoid paying any taxes at all.

At a time of huge government surpluses, universal shelter, like universal health care, is on the agenda of few politicians, who argue instead about how many billions of dollars to return to wealthy taxpayers..

This article states that the governor fought unsuccessfully to reverse the elimination of the deduction for state and local taxes, which harms some middle - class and wealthy taxpayers in the state.

«The plan will pull thousands and thousands of dollars from middle class taxpayers and put in the pockets of the wealthiest,» Schumer said.

«Shifting the local cost share to the state is a political sleight of hand — if Republicans steal billions from New York to pay for tax cuts for the wealthy it doesn't matter if taxpayers have to cover the cost at the county or the state level.

The third option comes with a ton of issues, the most obvious ones being it only covers some of the population, drives wealthy taxpayers with poorer relatives out of the country, and plenty of relatives will want to or have to cut corners to refuse decent living conditions.

«The governor's insidious cycle of doling out tax breaks to his wealthy donors is bad enough on its face, but its outrageous taxpayers were forced to subsidize this creep.

Gov. Andrew Cuomo hinted in his State of the State speech on January 3 that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.

«Of course Ben Walsh doesn't want to do that because his donor list is replete with wealthy developers who got millions of taxpayer dollar benefits from when he was (SIDA's) executive director.&raquOf course Ben Walsh doesn't want to do that because his donor list is replete with wealthy developers who got millions of taxpayer dollar benefits from when he was (SIDA's) executive director.&raquof taxpayer dollar benefits from when he was (SIDA's) executive director.»

The wealthiest taxpayers will now be able to claim deductions for only 25 percent of their contributions to charity.

Senate Republicans want to allow the millionaire's tax to expire, arguing it drives wealthy taxpayers out of the state.

«Wealthy special interest groups spending millions in an effort to promote taxpayer funded political campaigns is the height of hypocrisy,» said the group's executive, Brian Sampson.

Gov. Cuomo hinted in his State of the State speech on January 3 that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.

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.

Democrats have characterized the bill as benefiting corporations and the wealthy at the expense of middle - class and poorer taxpayers.

Reed has been calling Cuomo a «hypocrite» because he said the Democratic governor is protecting a provision that benefits the wealthiest taxpayers most of all.

State Senate President Martin Looney, a New Haven Democrat, says only a handful of very wealthy taxpayers are responsible for the shortfall.

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.

Governor Cuomo hinted in his State of the State speech that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.

«Each of these proposals would result in a massive windfall for the wealthiest Americans and provide almost no relief to middle - class taxpayers who need it most,» Senate Minority Leader Chuck Schumer, D - N.Y., said at the Capitol.

Wealthy districts that get additional funding from their taxpayers aren't likely to want to share it with out - of - district kids.

In another example of how the wealthy use the tax code to their benefit while public schools suffer, some states are funneling public dollars to private schools and allowing businesses and upper - income taxpayers to turn a profit in the process, according to a report released by the Institute on Taxation and Economic Policy (ITEP).

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.

This scheme will use taxpayer money in the form of tax credits for corporations and wealthy donors who make contributions to state - sponsored voucher scholarship programs.

In addition to increasing per - pupil funding, Huberty's bill provides schools with weighted funding for students with dyslexia, and reduces the amount of money that local taxpayers in wealthier areas would pay in Recapture by $ 163 million in 2018 and $ 192 million in 2019.

States using neovouchers - or backdoor vouchers - to encourage donations to private school scholarship funds or to offset the costs of private school tuitions illegally allow wealthy taxpayers to turn a profit when making charitable contributions to private schools,...

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.

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.

To illustrate the tax consequences of owning gold, Emma, a wealthy taxpayer, and Lucas, a median income taxpayer, provide an example.

For instead of allowing the institutions that made risky loans and failed in their fiduciary responsibilities to go under as part of capitalism's «creative destruction,» the bad actors were rescued with government funds and rewarded with taxpayer bailouts — socialism for the wealthy.

For wealthy taxpayers, current maximum rates of 35 % could revert to old rates as high as 39.6 %.

The first was to enhance the investment profitability of wealthy «green» investors; the second being a massive transfer of wealth from the taxpayers of advanced countries to countries incapable of producing their own prosperity without some form of subsidized theft.

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.

Although it only affects the wealthiest estates, if you're a middle income taxpayer, you may not be out of the woods.

Critics of the deduction maintain it helps only wealthy homeowners; NAR offered up evidence to the contrary in a recent testimony, reporting 7 million taxpayers took advantage of the deduction in 2015.

«The House Republican tax reform plan abandons middle - class taxpayers in favor of high - income Americans and wealthy corporations,» said Granger MacDonald, chairman of the National Association of Home Builders (NAHB), in a statement.