Sentences with phrase «taxes as a source of revenue»

Some state and local governments rely more heavily on property taxes as a source of revenue than others.

Not exact matches

Growth in other revenue sources, such as Corporations Tax and Mining Tax, can differ significantly from growth in nominal GDP in any given year, due to the inherent volatility of business profits as well as the use of tax provisions, such as loss carryiTax and Mining Tax, can differ significantly from growth in nominal GDP in any given year, due to the inherent volatility of business profits as well as the use of tax provisions, such as loss carryiTax, can differ significantly from growth in nominal GDP in any given year, due to the inherent volatility of business profits as well as the use of tax provisions, such as loss carryitax provisions, such as loss carrying.

The most widely used sources of data and statistics on household income and its distribution are the annual survey of households conducted as part of the Census Bureau's Current Population Survey (CPS) and the Internal Revenue Service's (IRS) Statistics of Income (SOI) data compiled from a large sample of individual income tax returns.

Nebraska enacted their income tax in 1967 as a new source of revenue.

While property taxes in the state serve as an important source of revenue for local governments and public services (including public education) the average Alabama homeowner pays just $ 550 per year in property taxes.

The royalty trust has virtually zero expenses (other than interest, taxes, and the ongoing cost of being a publicly - traded company), as well as a dependable source of revenue (a portion of top - line sales).

That suggests that weak domestic demand is becoming an increasingly significant source of disinflationary pressure, adding to the impact from falling world energy prices and the end of a period of administered price rises as governments sought to repair their finances by increasing revenue from sales taxes and charging more for services such as health care.

Property taxes in North Carolina are a key source of revenue for local governments, providing funding for services such as public education and law enforcement.

It's also sold as a source of licensing and tax revenue.

While the District continues to develop alternative non-tax revenue sources, such as grants, donations and sponsorships, it still relies on taxpayer support: property taxes comprise about 52 % of District revenue.

Now, local government secretary Greg Clark claims to have found the answer: by 2020, local authorities will be financially self - sufficient, with funding from local revenue sources such as council tax and business rates to take the place of government grants.

A report released by Comptroller Tom DiNapoli's office on Friday raised the possibility of potential budget gaps in coming years as a result of increases in spending, tax cuts and one - shot revenue sources in the current - year spending plan.

Though Deputy Senate Majority Leader Tom Libous, R - Binghamton, didn't exactly close the door on a millionaires tax in a radio interview last week (Libous said he would be open to other sources of revenue if the high - volume version of the controversial but potential lucrative natural - gas extraction process known as hydrofracking isn't allowed) DeFrancisco said GOP lawmakers in his chamber would continue to oppose any tax increases or attempts to sustain a surcharge.

«For state legislators, it is much harder to raise taxes on income or sales or cut spending on education or other vital services, while legalizing and expanding gambling is seen as a relatively easy and painless source of revenue and job growth,» said Lucy Dadayan, the Rockefeller analyst who wrote the report.

«This is key to maintaining the credibility of council tax as a source of local government revenue.»

The estimated revenue of N81.666 billion according to him consists of N32.181 billion from internal sources; N35.3 billion as the state's share from the Federation Account; N8.08 billion from Value Added Tax (VAT), N2.2 billion from Exchange Differentials and N3.8 billion from Budget Augmentation.

As the economy continues its tenuous recovery, sales tax collections could vary either way for local governments and is generally a more volatile source of revenue.»

Nonetheless, the principle of government taxing tobacco heavily as a source of revenue and to provide a price - based deterrent to smoking is widely accepted as legitimate.

Although the administration has lauded the deal as a potential source of $ 140 million in additional tax revenue over the course of 40 years, lawmakers have approached the plan with caution, criticizing Astorino's attempt to fast - track its approval by tying a Board of Legislators» decision to a required Dec. 27 budget deadline, and for not sending out a formal request for proposals.

However, McMahon also said he does not believe that this proposal deserves full support from the legislature, partly because of the reliance on the tax as a revenue source.

Many of the City's historical major revenue sources, such as sales taxes, mortgage taxes, building permits and State aid, have been negatively impacted by economic conditions, necessitating greater reliance on the local property tax.

Paterson contends that the vetoes helped put the spending plan in balance but he still needs legislation allowing new sources of revenue such as a sales tax on clothing.

He noted that the law did not institute the extra charge as a tax and have the city use it as a source of revenue, since that would have required state approval.

Northeast states are increasingly looking to gambling as a means of budget relief and a source of tax revenue.

The total cost of providing government services minus total revenues from all other sources such as state aid and user fees equals the amount of money to be raised by property taxes.

As multiple news media sources have reported, Martin Babinec started his attempt to be elected in a plea to the Herkimer County Republicans to endorse him even though he was not a Republican, was a supporter of Hillary Clinton, and supported Gov. Andrew Cuomo — who not long ago demanded that Conservatives and Republicans leave the State (600,000 people have left New York, along with $ 5.4 billion in tax revenue, under Gov. Cuomo).

Third, the amount is misleading given the County local share of that program can come from many local revenue sources, including Sales Tax, Residential Energy Tax, Hotel / Motel Occupancy Tax, County Mortgage Tax as well as Real Property Taxes.

A refinery operating in Richmond since 1901, first as Standard Oil and later as the Chevron Corporation, had long been the city's biggest single source of tax revenues — and air pollution.

Research showing the harms of consuming SSBs continues to grow and the need for new revenue sources may spur Congress to consider a national SSB excise tax, such as the recently introduced SWEET Act.

The real role for a carbon tax, says Barker, is as a source of revenue to fund government action on the greenhouse effect.

After moving dramatically to abolish property taxes as a source of funding for the schools, lawmakers last year decided to give voters a choice for replacing the lost revenues: either a two - cent sales - tax increase, to be considered in a March 15 referendum, or an income - tax hike, which will go into effect automatically if the sales - tax rise is rejected.

As a result, states» income and sales tax revenues — their main sources of revenue to fund education and other services — were hit hard.

Public education revenue has been insulated from the direct effects of economic ups and downs by a number of politically constructed conditions, including a privileged legal status in most state constitutions, multiple state and federal revenue sources, and stable tax support, such as property taxes, at the local level.

Due to the displacement of local property taxes as a source of education funding, and because the state itself suffers from a similar downward «ratcheting» effect on its revenue and expenditure levels, the state is effectively incapable of providing the level of funding necessary to fulfill the mandate of the Education Clause.

As discussed previously, the predominant source of local funds for schools is local property tax revenue, and variation in local tax bases can drive inequity in the amount of revenue available among school districts.

Another point: No one I spoke to at the IRS had even heard of crowdfunding, so you can expect that some new rules will be coming down from on high in the next year or two as the IRS gets a clue and starts licking their chops over this new source of tax revenue.

If you are not an»em ployee» as defined in the «Internal Revenue Code 26 USC - Subtitle C - Chapter 24 - COLLECTION OF INCOME TAX AT SOURCE ON WAGES» then your remuneration (i.e. pay) is not «wages» and therefore not income and that remuneration is not subject to income tax, because you don't pay income tax on something that is not incoTAX AT SOURCE ON WAGES» then your remuneration (i.e. pay) is not «wages» and therefore not income and that remuneration is not subject to income tax, because you don't pay income tax on something that is not incotax, because you don't pay income tax on something that is not incotax on something that is not income.

the area or activities to which the funds raised from a municipal bond issue will be directed and, in turn, the source of future bond interest payments and principal repayment; for general obligation bonds, funds raised may be for general purposes, both operating and infrastructure, and payments are secured by the general taxing power of the issuer — usually a state, town, or city; revenue bonds are categorized under terms such as «Utilities» or «Transportation»

The only way you'd have the same tax bracket as entry is if you continued to have other sources of income (annuities, rental revenue, taxable accounts, etc) which brings you into the 25 % bracket ($ 36,900 at the moment) BEFORE tapping your retirement account (s)

If you own property and rent it as a source of revenue, the income or loss must be reported on your tax return.

When it comes to taxes, if you don't have an accountant, you should at least consider the Canada Revenue Agency as a potential source of information.

The idea is to have retirees receive a dependable annual source of income, and also for governments to «get back» tax revenue on tax - deferred savings vehicles such as RRSPs.

As for our revenue sources, OHS receives no tax dollars and does not receive any portion of donations paid to national humane organizations.

The 1993 tax was pursued mainly as a source of revenue to cut the deficit, not a means of reducing American dependence on foreign oil and cutting risks of dangerous climate change.

Esty and Porter make the additional argument that voters would be much more apt to accept their proposal as a source of federal revenue than a rise in the income tax or the like.

Communities with wind energy projects benefit from local economic development through job creation and sources of stable revenue in the form of taxes and land lease payments, as well as new opportunities for local contractors and service providers.

For the avoidance of doubt, Gross Revenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity, including, without limitation, any of the following: (i) any federal, state, county or local tax benefits, grants or credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee, including, but not limited to, investment or production tax credits, or property or sales tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays in project completion or failures in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B) include any revenues derived from Grantee's sale of carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based eRevenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity, including, without limitation, any of the following: (i) any federal, state, county or local tax benefits, grants or credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee, including, but not limited to, investment or production tax credits, or property or sales tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays in project completion or failures in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B) include any revenues derived from Grantee's sale of carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based erevenues derived from Grantee's sale of carbon dioxide trading credits, renewable energy credits or certificates, emissions reduction credits, emissions allowances, green tags, tradable renewable credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any voluntary registry, association or market - based exchange.

Several people, including Jim Hansen, have suggested that carbon taxes not be used as a source of government revenue, but instead be refunded equally to every citizen (tax and dividend).

Carbon tax revenues can be more or less guaranteed and integrated into state or federal fiscal policy, owing to their predictability, whereas the price - volatility of cap - and - trade precludes its being counted on as a revenue source.

According to Jorgenson, these new revenue sources could also «close the budget gap and reduce tax rates as part of comprehensive tax reform.»