Sentences with phrase «tax dollar revenue»

You think that a good economy would generate more tax dollar revenue, and rising interest rates are a reflection of a stronger economy.

Not exact matches

Look for more money to be given to the Canada Revenue Agency to fight offshore tax evasion, an investment that has so far helped the CRA reap millions in extra tax dollars while at the same time achieving the aim of discouraging tax evasion by Canadians.

Dalhousie University economist Marina Adshade, author of an upcoming book based on her blog, Dollars and Sex, warns not to expect a windfall of tax revenue from a regulated sex industry.

It's this forbidding territory that Exxon (xom), under Tillerson, has turned into one of Russia's most lucrative oil provinces, affording Russia a crucial entry into the fast - growing oil markets of Asia, generating nearly $ 5 billion in tax dollars and other revenue for the government to date, and generally being, by Moscow's lights, a good corporate citizen.

A lot.The original AMT collected just $ 122 million — about $ 700 million in today's dollars — which was just over one - tenth of one percent of all individual income tax revenue.

«In addition to ending a key front in the racist war on drugs, regulating and taxing marijuana would generate hundreds of millions of dollars of tax revenue for our people and create important agricultural opportunities for our state,» Nixon said in the Twitter video.

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.

Common measurements include dollar revenues, dollar EBITDA (that's shorthand for earnings before interest, taxes and depreciation, depletion and amortization), percentage of market share, and numbers of customers.

Four states, plus Washington, D.C., have recently legalized recreational pot, and Colorado and Washington are already raking in millions of dollars in tax revenue from their legal markets.

Hanging on the answer are several billion - dollar economic questions, the biggest of which is ownership of the North Sea oilfields and their associated $ 19 billion in annual tax revenue.

In addition to the tax measures outlined in Chapter V: A Fair and Efficient Tax System, the 2014 Budget measures include net revenue gains of asset optimization (discussed in Chapter I, Section E: Making Every Dollar Count) totalling $ 0.9 billion in 2014 — 15 and $ 1.0 billion in 2015 — 16, and the revenue implications of the proposed removal of the electricity Debt Retirement Charge cost from residential users» bills (discussed in Chapter I, Section D: Fostering a Fair Societtax measures outlined in Chapter V: A Fair and Efficient Tax System, the 2014 Budget measures include net revenue gains of asset optimization (discussed in Chapter I, Section E: Making Every Dollar Count) totalling $ 0.9 billion in 2014 — 15 and $ 1.0 billion in 2015 — 16, and the revenue implications of the proposed removal of the electricity Debt Retirement Charge cost from residential users» bills (discussed in Chapter I, Section D: Fostering a Fair SocietTax System, the 2014 Budget measures include net revenue gains of asset optimization (discussed in Chapter I, Section E: Making Every Dollar Count) totalling $ 0.9 billion in 2014 — 15 and $ 1.0 billion in 2015 — 16, and the revenue implications of the proposed removal of the electricity Debt Retirement Charge cost from residential users» bills (discussed in Chapter I, Section D: Fostering a Fair Society).

They found the federal treasury lost at least half a billion dollars in tax revenue that would have been paid had individuals not been able to funnel their personal income through corporations.

Financial Aid: In 2017, for the first time ever, America's public universities received more revenue from tuition than they did from tax dollars — a funding model that places a higher burden on students and their families and risks widening economic inequality, even as the population of would - be students becomes more diverse.

In order for a tax cut to pay for itself, it would need to grow the economy about $ 4 to $ 6 for every dollar of revenue loss.

Connecticut, home to some of the richest Americans, has a big stake in the billions of dollars in revenue their income taxes generate.

Additional stabilization from unemployment insurance, although smaller in total magnitude than that from the tax system, is estimated to be eight times as effective per dollar of lost revenue because more of the money is spent rather than saved.

As the table below shows federal corporate tax revenues rose to $ 35 billion in 2013/14, but this was still 17 percent below the $ 42.2 billion they were in 2007/8 when our economy and corporate profits were respectively 17 and 15 percent lower (in current dollars).

[fn.3] Since the starting point for many state income tax calculations is either federal adjusted gross income or federal taxable income, a dollar - for - dollar tax credit might lose the state revenue.

And compounding the governmentâ $ ™ s search for cash is its decision to lower corporate tax rates to 15 % next week from 16.5 % — a move that will cost the treasury billions of dollars in revenues.

1) Charities spend their income on necessities, such as food and utilities, which ever - so - slightly re-orients our economy toward recession - resistant products, rather than luxuries 2) Charities spend their money quickly, but on independent schedules, making for a smoother stimulus effect on the economy 3) Charities make purchases tax - free, meaning that $ 1 spent by a charity generates a full $ 1 of private economic activity; furthermore, much of those tax revenues are recovered as income tax on the grocery stores, utility companies, etc. that might not have received that income otherwise 4) Charitable giving is by far the most democratic way to improve society; from birth control to bombers, government assuredly spends money on something you don't like, and charitable giving restores your say - so 5) Charitable donations are tax deductible, meaning you keep those tax dollars in your local community 6) Charitable donations provide the funds necessary for volunteers to serve the needy, thus giving «the average citizen» a chance to meet and interact with the needy, breaking down stereotypes

IOW, if an organization has US$ 10,000,000,000 in gross revenue, it pays taxes on that figure — ten billion dollars — regardless of what their net revenue is, or their gross profit (prep - tax) or net profit (post-tax) is.

No one with the requisite skill has done a revenue analysis of Gingrich's tax plan, but eyeballing the Tax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten yeatax plan, but eyeballing the Tax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten yeaTax Policy Center's analysis of the Perry Plan, I would be surprised if the Gingrich plan didn't reduce federal revenue by at least $ 3 trillion dollars over ten years.

Hence, revenue streams are always going to flow into casinos and the municipalities that rely on casino tax dollars.

Several Park District officials have been convicted in connection with a four - year scheme to steal hundreds of thousands of dollars in property - tax revenues that were earmarked to pay off bonds on a recreation center.

Heastie backs a tax increase, meanwhile, on filers making more than $ 5 million, generating billions of dollars in new revenue he would want to see committed toward education.

In December, the governor agreed to increase taxes on New Yorkers making over $ 2 million dollars a year to gain needed revenue, and at the time said he did not endorse any further new taxes in 2012.

Tourists love the horses, the industry generates millions of dollars every year in tax revenue, and employs over 300 people.

According to Bruce Fisher, formerly the Deputy Erie County Executive and now the Director of Economic and Policy Studies at Buffalo State, Erie County takes in over one billion dollars more in state revenue and transfer payments than it pays in taxes to New York State.

New York Governor Andrew Cuomo is appointing a new tax cutting commission that he's charged with finding ways of slicing state revenues by $ 2 to $ 3 billion dollars next year.

Gambling companies have argued for years that New York loses billions of dollars a year to casinos in Connecticut and New Jersey, costing the state jobs and tax revenue.

Despite his six - figure income funded by taxpayer dollars, Terry has since 2000 amassed nearly $ 1.2 million in federal liens from the Internal Revenue Service and more than $ 205,000 in state tax warrants.

For a more comprehensive look at the state's revenue and budget challenges, see the Fiscal Policy Institute's 2018 - 2019 budget briefing book, which includes a discussion of many other progressive pro-revenue tax proposals which would generate billions of dollars that New York needs to remain competitive in the future.

That's because Cuomo and lawmakers in December agreed to extend an income tax surcharge on New York's wealthiest, those making over $ 2 million dollars a year, which will bring an estimated one and half billion dollars in additional revenue.

Instead we acted sensibly - deregulated the industry, sold licenses to private investors (earning billions of dollars from digital mobile license auctions, 3rd generation licenses, second national carrier licenses; additional operator licences) and earned additional revenue from taxes, import duties, spectrum sales.

Local mayors and county executives across the state, including Albany Mayor Jerry Jennings, say they back the amendment because host communities will receive millions of dollars in revenue from the gambling centers for tax relief.

Mahoney believes more visitors for a longer time means more sales tax dollars, which account for about two - thirds of the revenue in the Onondaga County budget.

Second, the cost will be hundreds of millions of dollars — unless you are willing to ignore the $ 53 million spent to advertise Startup, the $ 323 million in tax revenue Cuomo's own budget folks predicted the state would forgo over three years and all future costs as well.

LOWER MANHATTAN — A city agency approved about $ 84 million in subsidies Tuesday to help Fresh Direct build a new headquarters in the South Bronx, silencing objections with promises of hundreds of jobs and millions of dollars in tax revenue.

To raise revenues, Cuomo proposed requiring extending sales tax collections on online sales, imposing a surcharge on certain health insurers who received a windfall from federal tax cuts, tapping hundreds of millions of dollars in proceeds from lawsuit settlements and raising taxes «e-cigarettes» and taxing opioids (2 cents per milligram prescribed to go to anti-addiction programs).

Jackson pointed to Espaillat's vote to repeal the commuter tax in 1999 — which has deprived the city of billions of dollars in revenues — as one major reason he should get the boot.

He said New York could lose billions of dollars in revenue and some of the state's wealthiest residents, who might choose to switch their primary residence to lower - tax states.

While the business community has called for a complete end to the millionaires tax, Cuomo said the state needs the billions of dollars in revenue the tax generates each year to fund programs and manage looming budget deficits.

Even still, extending the millionaires» tax generates billions of dollars in revenue for the state, just as the economy in New York may start to suffer.

And Assembly Democrats want to keep high rates on millionaires, and increase taxes on those making more than $ 5 million — generating billions of dollars in new revenues lawmakers want to see go toward education.

We need to capture those revenues of keeping those dollars in our state so we can reduce taxes, create jobs.»

«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.»

The Senate on Aug. 3 approved the last budget bill — the so - called «revenue» legislation — that calls for more than $ 1 billion in new tax and fee hikes and several hundred million dollars of other revenue «actions» to help balance the $ 136 billion fiscal plan.

Replacing income taxes with am employer payroll tax, leaving Washington, not Albany, on the hook for billions of dollars in lost revenue, might sound good, but the idea floated by the governor is already running headlong into a barrage of practical questions about how precisely such a switcheroo might work.

At that time, county leaders, the City of Cortland, and surrounding municipalities agreed to use sales tax revenue to help pay down the nearly $ 16 million dollar project.

Advocates also argue it would generate hundreds of millions dollars in new tax revenue for the state and local governments.