Sentences with phrase «out of tax revenues»

This is mitigated by a windmill tax, but the county has failed to maintain the roads out of tax revenues that wind turbines pay for road maintenance.

This raises the question: Is it better to subsidize education on the supply side (by funding public institutions out of tax revenues) or on the demand side (by giving financial aid to students directly)?

Not exact matches

By paying workers as independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and continues to be an area of focus today.

Canada is almost certainly in a recession, which will take billions out of federal coffers due to declining tax revenues.

As of 2014, in terms of total tax revenue as a percentage of GDP and measured per capita, Norway came in at No. 2 out of 35 countries ($ 37,682 USD), Denmark at No. 3 ($ 30,630 USD), and Iceland came in at No. 9 ($ 20,418 USD), according to the OECD.

You can't make money running a showroom, and as brick and mortar stores close, jobs and tax revenue are getting lost — and even Amazon customers are losing something, in the form of a convenient place to check out products.

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.»

Economists agreed almost unanimously at a recent provincial economic summit that a consumption tax would help level out the peaks and valleys of provincial revenue tied to energy prices.

In 2015, VDARE received nearly all of its revenue — $ 267,038 out of total $ 293,663 — from donations, according to publicly available tax return forms that the Internal Revenue Service requires nonprofits to direvenue — $ 267,038 out of total $ 293,663 — from donations, according to publicly available tax return forms that the Internal Revenue Service requires nonprofits to diRevenue Service requires nonprofits to disclose.

Both metropolitan areas have said, for example, that short term rentals procured through Airbnb and VRBO are essentially against the law, as they cheat cities out of millions of dollars of tax revenues, but also because they aren't regulated the way hotels are, and could be fire traps or have other safety considerations about which hapless customers are not likely to be aware.

Here's a list of the taxes you'll need to shell out and the related documents you'll need to file as an employer, according to the Internal Revenue Service:

Two programs administered by the federal government and financed out of general tax revenues comprise the first pillar: Old Age Security (OAS) and the Guaranteed Income Supplement (GIS).

«One thing is for sure,» the reports says, «state and local governments face large fiscal uncertainties and state forecasters are struggling to sort out various impacts of the TCJA on the state tax revenues.»

That would have essentially taken control of Russian oil out of the national patrimony, and probably left it with little sales and export revenue after Exxon's accountants had done the usual creative tax strategies using flags of convenience and offshore banking centers to leave no reported taxable earnings.

The problem here is the math — the number of people in the middle is too large to be paid out of revenues from higher taxes at the top.

The deal she hammered out with most of the provinces late last year urges them to enact carbon pricing, but promises that even if Ottawa has to step in to impose a tax, they'll get to keep the revenues.

Connecticut loses tax revenue when people buy cars out of state.

Federal jurors in Philadelphia in January 2008 convicted Crim and two associates in a plot to have investors use phony trusts to cheat the IRS out of roughly $ 10 million in tax revenue.

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 surging, gold blurted out the Deep State Central Planners» strategy for dealing with the Great Financial Crisis: the hyperinflation of bond, equities and real estate prices via the hyperinflation of both official and totally clandestine, off - the - books money supply, in order to create the hyperinflation of tax revenues desperately required by the government to forestall its fiscal collapse.

Revenues continue to fall short of targets, while the government appears to need to grant hand - outs or tax concessions to various categories of voters every year.

He could raise the GST, but the Prime Minister has ruled that out; he could fulfill an election commitment by undertaking a serious simplification of the income tax system, which could yield substantial revenues (about $ 3 to $ 5 billion), but he seems reluctant to do that; or, he could take the easy way out and simply cut his fiscal prudence in half and «miraculously» free up $ 3billion annually for his cabinet colleagues.

McKeesport adopted the two - rate tax in 1980, raising revenues 50 per cent and getting the town out of debt.

Little Innoscents» revenue is not so different to Wattle's: it generates revenue of about $ 900,000 and earnings before interest, tax, depreciation and amortisation of $ 250,000 and is also a fit with the company strategy of building out products in the wellness space.

In the late»50s he settled out of court with the Federal Government when the Internal Revenue Service went after him for $ 38,157 he allegedly owed in back taxes.

State Comptroller Tom DiNapoli gave NYC Mayor Bill de Blasio's budget proposal a thumbs up for the short term, saying he made appropriate use of higher than expected tax revenues to reduce out - year budget gaps and to replenish reserves.

What they have in common are the high tax burdens endemic to New York, and recurring expenses that are further and further out of line with recurring revenues.

An independent Scotland would face the choice of cutting those services, or raising other taxes to higher than UK levels, so as to be able to put the oil revenue into a long - term savings fund, or spending it to support services now, and face that choice later when the oil runs out, but with no cushion of money in the bank.

To term the «creation» of jobs out of thin air by spending tax revenues on wages (often paid to economic migrants creating new load on pubic services) an «investment» is an economic deceit.

With help from the extra fare revenue, the creation of the state's Payroll Mobility Tax, and internal cost - cutting, the authority's finances steadily improved over the years, and it expects to close out 2017 with an $ 80 million budget surplus.

She assured that the Ministry would continue to root out fraudsters from compromising the integrity of the tax administration and revenue collection system.

Overall, 61 % think that the state old age pension paid to people living in Scotland should be funded out of UK - wide tax revenues, while just 34 % believe that it should be funded out of revenues raised in Scotland alone.

Let me throw some substance at you Fact Free Phool... watching video of yesterday's Revenue Forecasting meeting the Republican Senate's Economic Consultannt (IHS) estimated that between 20 - 30 % of NY residents will pay higher federal taxes due to SALT cap... so it turns out Silly Philly was lying again!

Initially, the tax cut was supposed to cost $ 250 million in M.T.A. - dedicated revenue, to be offset by the state out of general funds, and it was to sunset in three years.

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.

The governor's plan proposes that the M.T.A. reimbursement be carved out of the $ 1.9 billion in revenue the state is supposed to net from taxes on the state's highest earners.

Hawkins has laid out a revenue plan to provide a tax cut for 95 % of New Yorkers while raising $ 30 billion (about 20 %) in additional state revenues.

Whether new revenues are in the form of a PIT, or some combination of the numerous revenue measures proposed in the Executive Budget, it is clear that we can not tax our way out of our current budget shortfalls.

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.

The $ 3 does not come out of your taxes; it's just $ 3 less the government receives in tax revenue.

«Raising the stakes on tax avoidance», a consultation document published by HM Revenue and Customs, sets out a number of proposals relating to the promotion and use of so - called high - risk avoidance schemes, aimed at reducing the use of such schemes.1 Commenting, CIOT President Stephen Coleclough said: «Those members of the public who become end users of high risk avoidance schemes are sometimes misled by the promoters of such schemes and are not fully made aware of the risks or consequences of their decisions.

Deputy Senate Majority Leader Tom Libous today didn't completely rule out a tax on high - income earners, saying that without high - volume hydraulic fracturing impoverished communities need some source of revenue in the wake of severe flooding.

If an individual pays $ 3,700 per year into the Social Security trust fund but simultaneously draws a net $ 25,000 per year (benefits minus taxes) out of general government revenue, the solvency of government has not improved.

The CIOT was responding to an OECD request for input on its work regarding the Tax Challenges of the Digitalised Economy.1 The Institute set out its concerns at the potential application of withholding tax to digital transactions and «equalisation levies» (revenue based taxes).2 These would lead to greater complexity, the likelihood of double taxation on the same profits and, potentially, be a negative influence on further innovation by companiTax Challenges of the Digitalised Economy.1 The Institute set out its concerns at the potential application of withholding tax to digital transactions and «equalisation levies» (revenue based taxes).2 These would lead to greater complexity, the likelihood of double taxation on the same profits and, potentially, be a negative influence on further innovation by companitax to digital transactions and «equalisation levies» (revenue based taxes).2 These would lead to greater complexity, the likelihood of double taxation on the same profits and, potentially, be a negative influence on further innovation by companies.

«In addition, the fact that New Yorkers are spending billions of dollars at out of state casinos, when that money could be staying here to generate much needed tax revenue was also a big reason that this resolution came forward.»

Instead borrowing to fill the gap left by falling tax revenues, and the rising numbers of people out of work.

In order to sort out Labour's mess there has to be a mixture of increasing tax revenue and restricting the growth of spending.

It's not entirely clear what has led to the lowered revenue, though one possibility could be taxpayers shifting their income out of 2016 after Donald Trump's election as president in order to benefit from the potential tax cuts he had pledged during the campaign.

Supporters of continuing the tax — including a number of Assembly Democrats — argue the governor won't be able to cut his way out of such a massive budget hole and could use the revenue ($ 1 billion in the current fiscal year, $ 4 - to - $ 5 billion in the next) generated by the millionaire's tax.