Sentences with phrase «percent excise»

Liu's proposal is based around charging a 20 percent excise tax on top of the standard 8.875 percent city sales tax.

Charities, by and large, do not pay executives over $ 1 million, according to research from Charity Navigator, though there are exceptions and it would be difficult for a charity to explain having to use donations for a 20 percent excise tax on executive compensation.

The City of Denver recently voted to slap a new 5 percent tax on marijuana, on top of its own 15 percent excise tax and 10 percent sales tax.

Endowments would also be among the tax - exempt organizations required to pay a 20 percent excise tax if they award executive compensation over $ 1 million.

Endowments that paid executive compensation above $ 1 million would also be required to pay a 20 percent excise tax on it.

Colorado currently charges a 15 percent excise tax rate, in addition to the 2.9 percent sales tax levied on all sales in the state.

Taxes range from a 37 percent excise tax (Washington) to a 3.75 percent excise tax (Massachusetts).

Recognizing the issue, Washington lawmakers reformed the state's taxes and began charging the 37 percent excise tax on marijuana sales.

The Senate tax plan is not expected to include a 20 percent excise tax on imports by multinationals, according to people briefed on the issue.

These consist of the existing 2.9 percent state sales tax (plus local taxes), an additional 10 percent state tax on retail marijuana sales, and a 15 percent excise tax on the «average market rate» of wholesale marijuana.

The Act imposes a 21 percent excise tax on the compensation of any covered employee in excess of $ 1 million.

CNBC's Ylan Mui: «The Senate tax plan is not expected to include a controversial 20 percent excise tax on imports by multinational companies, according to three people briefed on the issue.

Owners who fail to take RMDs will owe a 50 percent excise - tax penalty on the required sum not distributed.

Stringer's office proposed a 10 - percent state excise tax on marijuana sales and a 25 - percent excise tax in the city.

Under Giambra's plan the state would institute a 13 percent excise tax, permits and licensing fees for the new industry and a 7 percent state and local sales tax.

SU, in fact, has publicly criticized the Republican tax overhaul because it would end tax deductions for interest paid on student loans, tax tuition benefits received by graduate students and the children of university employees, and impose a 1.4 percent excise tax on investment income from college endowments.

However, under the heading «Excise Taxes,» a foundation's investment income is subject to a 1 or 2 percent excise tax.

In addition to student concerns, educational leaders are further concerned that both House and Senate versions of the tax reform legislation would impose a new 1.4 percent excise tax on endowments at private colleges and universities with endowments worth at least $ 250,000 per full - time student.

INDIA: Books, music downloads from foreign sites will be costlier from Dec 1 (The Hindu Business Line) A 15 percent excise tax is designed to level the playing field for domestic retailers.

For those not taking a required minimum distribution (RMD) from their traditional IRA by the age of 70-1/2, the federal government applies a 50 percent excise tax on the amount you should have taken.

Similarly, a 10 percent excise tax applies to distributions from an IRA, a qualified plan or a 403 (b) account that occur before the participant reaches age 59.5 years of age, and a 50 percent excise tax, referred to as an excess - accumulation penalty, also applies to required minimum distribution amounts not withdrawn by the applicable deadline.

A 6 percent excise tax applies to excess IRA contributions that are not corrected by the applicable deadline.

Owners who fail to take RMDs will owe a 50 percent excise - tax penalty on the required sum not distributed.

In addition, if required minimum distributions are not taken according to IRS rules, a 50 percent excise tax is levied on the amount that was not withdrawn, but should have been.

Frequent flier miles sometimes contain hidden tax — If you accumulate miles that have been purchased, be prepared to see slight charges to cover a 7.5 percent excise tax the IRS imposes when companies buy miles from the airlines... (See Frequent flier mile excise tax)

If you're buying miles, they cost $ 35 per 1,000, plus a 7.5 percent excise tax.

So if your health insurance plan's annual premium was above those amounts, your employer would have to pay a 40 percent excise tax on the portion of the premium above those levels.

When it's eventually implemented, the Cadillac tax will impose a 40 percent excise tax on the portion of employer - sponsored health insurance premiums above a specified dollar level (the revenue from the tax would be used to cover other ACA provisions, like the premium subsidies in the exchanges).

For example, a recently implemented 2.3 percent excise tax (a tax collected on goods and services, rather than income or real estate) on medical devices has caused premier manufacturers to shut down operations, thus putting salespeople and others out of work.