"Tax hikes" refers to an increase in taxes imposed by the government on individuals or businesses.
Full definition
And one possible source of future
tax hikes on housing could come in tax reform.
That's not to mention the biggest
tax hike for the wealthy — the elimination of state and local tax deductions.
Despite those positive numbers, the fear
of tax hikes coming down, and coming down soon, has consumers running scared.
The proposed budget includes a 1.9 percent
property tax hike — about $ 20 per homeowner.
They prefer future
gas tax hikes to remain automatic because that would help cut greenhouse gas pollution.
There was no request quite as big as last year's failed bid for a city
income tax hike on the wealthy to fund pre-K.
The property owners would receive a rebate equal to an annual
tax hike as long as a local municipality stays within the state's property tax cap — currently under 2 percent.
But legislators employed
massive tax hikes to make it happen — a 32 % increase on state income tax and 33 % increase on state corporate tax.
I have pledged that I will be a strong voice for upstate and our district and
oppose tax hikes and fees increases that are driving too many residents out of our state.
We all have our own conspiracy theories about what taxes will do, and we believe the middle class will be relatively safe from significant
tax hikes going forward.
You would think they could give me back my
payroll tax hike with all this extra money sitting around.
And during the past few years, the base
school tax hike allowed for most districts has remained below 2 percent because of low inflation.
Rather than taking advantage of $ 7 billion in federal - stimulus money to
avoid tax hikes, they increased spending by nearly 9 percent.
For households in the 35 percent tax bracket, the 28 percent cap would represent a
major tax hike.
The second proposal asked for a 10 -
cent tax hike that would have been spent to develop baseball and soccer fields on the site.
The first item is «deficit cutting», which
means tax hikes and / or spending cuts.
The new deal that has been reached would
limit tax hikes to 2 percent annually.
Given the
multiple tax hikes in 2016 and 2017 and perhaps even more to come in 2018, I suspect that percentage will grow.
Yet since forming government, they have announced
several tax hikes and more may be on the way.
The proposal would grant property taxpayers a rebate equal to an
annual tax hike as long as a local municipality stays within the state's property tax cap — currently under 2 percent.
Do we really want ordinary people to face
great tax hikes or spending cuts just for the satisfaction of bashing the rich?
Their one - house budget would limit increases in the city's property tax levy to no more than 2 percent, similar to a cap on local property
tax hikes elsewhere.
These are fundamentally taxes imposed on business (or a drain on the treasury), and eventually a bill comes due in terms of reduced economic opportunity, plus more
formal tax hikes.
But in districts where the tax cap is exceeded, voters will have to pay for the
entire tax hike.
If you think your taxes will be higher when you retire (either because of your income or because of
inevitable tax hikes), a tax - free growth account can make sense.
And let's be clear: These would not be
immediate tax hikes; they'd kick in a year or two from now.
Now, whether you believe that or not, I'm sure we can all agree that the debt amount is quite large and might require an income
tax hike in the future.
Those that viewed their public schools more favorably were more likely to support
property tax hikes and be confident that increased funding would improve schools.
The Our Schools Now campaign to increase education funding changes to include a
sales tax hike.
The hang - up is deciding how quickly to cut the deficit and what combination
of tax hikes and spending cuts to use.
Fortunately, there are three simple, but effective strategies that can help mitigate some of this
massive tax hike.
Less publicly discussed but on the minds of many was an
income tax hike on the state's highest earners, such as people making $ 1 million or more.
The combination of automatic spending cuts and
tax hikes go into effect in just three days.
But he was keen to stress his desire to
avoid tax hikes, insisting that «this is not a traditional left - wing cry to soak the rich».
Given the
multiple tax hikes in 2016 and 2017 and perhaps even more to come in 2018, I suspect that percentage will grow.
Back in December, Congress passed the Protecting Americans
From Tax Hikes Act of 2015, which extended many exemptions that were about to expire and made others permanent.
Instead, Illinoisans need a real spending reform plan that fixes the state's structural problems and balances the budget
without tax hikes.
The millionaires» tax dates to 2009, and was something of a misnomer — despite its name, it
included tax hikes for anyone earning over $ 300,000.
Minnesota has had gas
tax hike proposals to pay for road improvement projects on and off the political table over the past few years, with no changes being made as of yet.