Sentences with phrase «taxes by the equal amount»

Cuomo is backing the «Empire State Equity Act» which would be aimed at reducing property tax relief, namely having counties agree to lower local property taxes by the equal amount of which the state reduces the local share of Medicaid costs.

Not exact matches

«We all rely on trust in our daily lives - that when sales tax is added, it actually applies and equals the specified amount; that the meter in a taxi shows the correct amount provided by law and correctly measures the actual distance; that when you order takeout, the price you see online matches the amount you pay in the restaurant.

Conversely, absent the tax payment, the number of shares received in each award would be larger by an amount equal in value to the forgone tax payment, thereby having a dilutive effect on our shareowners» equity interest in FedEx.

Absent the tax payment, the number of shares received in each award would be larger by an amount equal in value to the forgone tax payment, thereby having a dilutive effect on our stockholders» equity interest in FedEx.

Accordingly, the Shareholder generally will recognize gain or loss on the sale in an amount equal to the difference between (1) the amount realized pursuant to the sale of the Shares, and (2) the Shareholder's tax basis for the portion of its pro rata share of the Bitcoins held by the Trust at the time of sale that is attributable to the Shares sold, as determined in the manner described in the preceding paragraph.

If the property tax were applied to properties owned by companies, trusts and foreign owners, it would probably raise at least # 26 billion (an amount equal to the yield from council tax in 2012 - 13).

The worker's paycheck would be reduced by an amount equal to what they owe on the state income tax.

Hereafter, the amount to be raised by tax on real estate in any fiscal year, in addition to providing for the interest on and the principal of all indebtedness, shall not exceed an amount equal to one per centum of the average full valuation of all of taxable real estate within the County, less the amount to be raised by tax on real estate in such year for the payment of the interest on and redemption of certificates or other evidence of indebtedness described in paragraphs A & D of section five of article eight of the constitution of the State of New York.

The worker's paycheck would then be reduced by an amount nearly equal to what they owe on the state income tax.

In addition to income tax, a wage earner would also have to pay Federal Insurance Contributions Act tax (FICA)(and an equal amount of FICA tax must be paid by the employer):

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.

for the first time in this state which was registered in another state that levied a tax substantially identical to the tax levied under this section, the person shall be entitled to receive a credit against the tax imposed by this section equal to the amount of tax paid to the other state.

72 (t) Free Withdrawal RiderAny withdrawal charges and MVA will be waived for the amount which would comply with substantially equal periodic payment requirement to avoid tax penalty for policyholders younger than age 59 1/2, as required by IRS Code 72 (t).

Calculate this penalty first by figuring your self - employment tax, which is equal to 15.3 percent of your net business income up to $ 106,800, and then multiplying the amount of tax you owe by.0266.

If you want to defer taxes on the full amount you cashed out, you will have to add funds from another source equal to the 20 percent withheld by the plan administrator (you get the 20 percent back if you properly complete the rollover).

When a stock goes ex-dividend, does the price of the stock drop by the amount of the dividend or does it equal dividend (1 - div tax) / (1 - cg tax)

A redemption of a Fund's shares by a shareholder will result in the recognition of taxable gain or loss in an amount equal to the difference between the amount realized and the shareholder's tax basis in his or her Fund shares.

Your MAGI equals the AGI you report on your tax return increased by the amount of your student loan interest deduction.

This operation was however described by EDF and the French authorities as a «shortcut» for a longer and equivalent transaction which would have entailed, firstly, assigning to capital a net amount after corporation tax, secondly, requesting to EDF to pay a corporation tax in an amount equal to the variation in net worth; and thirdly, making an additional capital injection in an amount equal to the tax paid.

I GIVE the amount which at my death equals the maximum which I can give to them by this my will without Inheritance Tax becoming payable in respect of this gift:

As per section 271C, a penalty of the amount equal to the tax not collected or not paid may have to be paid by the deductee.

In general, subject to the discussion below under the headings «Information Reporting and Backup Withholding» and «Foreign Accounts,» distributions, if any, paid on our common stock to a Non-U.S. Holder (to the extent paid out of our current or accumulated earnings and profits, as determined under U.S. federal income tax principles) will constitute dividends and be subject to U.S. withholding tax at a rate equal to 30 % of the gross amount of the dividend, or a lower rate prescribed by an applicable income tax treaty, unless the dividends are effectively connected with a trade or business carried on by the Non-U.S. Holder within the United States.

A tax deed sale allows a buyer to acquire tax foreclosure properties at an auction for an amount equal to accumulated back taxes, plus any additional costs or fees imposed by the seller.

In increases beyond that amount will be automatically counteracted by the credit, equal to the excess taxes.

In any case in which an initial tax is imposed by subsection (a) on a prohibited transaction and the transaction is not corrected within the taxable period, there is hereby imposed a tax equal to 100 percent of the amount involved.