Sentences with phrase «taxes on high earners as»

Instead, he said he favors higher taxes on high earners as a way to raise money for upgrades and repairs.

The government wants to cut spending, and the opposition parties want to increase taxes on high earners as well as corporate income taxes (CIT) instead.

Not exact matches

Easy way for debt to be reconciled: higher income taxes on very high earners, taxing capital gains / dividends as income, and getting rid of the mortgage interest rate deduction.

Closing that gap further with taxes on high earners would eventually require more than doubling the payroll tax rate for high earners (assuming no additional money from investment income, as capital gains would already be past their revenue - maximizing limit), bringing the total tax hike to about 25 percent for those earners.

Other Trump supporters (such as the millions of Obama - Trump voters) would favor more spending on healthcare for struggling wage - earners — even if it meant higher taxes.

First, they both write as if Reagan's tax cut appeal was entirely about the economic benefits of cutting marginal tax rates on high - earners.

Flat taxes or tax policies that sharply cut tax rates on high - earners are unrealistic as matters of politics or budget math or both.

As for raising marginal tax rates on high earners any further it won't work.

«Competitiveness» can be used as a convenient excuse for opposing popular tax rises on high earners, while presenting the right as sensible pragmatists and the left as unrealistic ideologues.

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.

Cuomo's plan includes $ 1 billion more for schools and the extension of an additional tax on New York's highest income earners, known as the millionaire's tax, in order to pay for education spending and close a $ 3.5 billion budget gap.

We will fund this by a repeat of the tax on bank bonuses and by restricting pension tax relief for the very highest earners to the same rate as the average taxpayer.

Last year, the Assembly proposed applying the state's highest tax rate — 8.82 percent — on those earning more than $ 1 million, as well as creating new rates for higher wage earners.

Senate Republicans bowed to the idea as a revenue - raising move, though they beat back an attempt by Assembly Democrats to boost the tax rates even higher on high - income earners.

Democrats who dominate the state Assembly are expected to argue, as Deutsch did, for raising taxes on the wealthy and perhaps creating new brackets to capture higher income earners.

The groups called for a return to higher rates for top income earners, more spending on education and municipal aid — which they said would keep locally imposed property taxes in check — as well as increased oversight of several business tax credit programs.

That is why we should not accept Labour's new 50 % tax rate on the highest earners as a permanent feature of the tax system.

Colin Stanbridge, chief executive of The London Chamber of Commerce and Industry (LCCI), said the bonus tax, along with the government's 50p tax on higher earners, would «undoubtedly damage London's standing as a financial centre.

De Blasio, and some his Democratic supporters in the State Senate, maintain the city should have the autonomy to raise taxes on its highest earners, as part of the mayor's broader plan to fund universal pre-K, and that the city should also have the authority to raise the minimum wage for city workers.

De Blasio ridiculed as a «pipe dream» President Donald Trump's the tax plan, which would reduce taxes on the highest earners and eliminate the deductibility of state and local taxes.

New York was penalized in the report for imposing higher tax rates on upper - income earners, as well as high property taxes.

Cuomo's plan includes $ 1 billion more for schools and the extension of an additional tax on New York's highest income earners, known as the millionaires» tax, to pay for education spending and close a $ 3.5 billion budget gap.

The candidates also discussed the question of whether to raise taxes on high - income earners, the best means to create jobs in the city and how they would respond to a citywide emergency as mayor.

Mr. de Blasio is expected to lean heavily on Mr. Fuleihan's counsel as he urges state legislators to support the central pledge of his mayoral campaign — an increase in taxes on high - income earners to finance an expansion of prekindergarten programs.

Assembly Speaker Sheldon Silver, who made significant compromises, including giving up the so - called «Millionaires» Tax» on high - income earners, described the budget as «a sobering one.»

As a result, the Obama administration has proposed increasing «mandatory spending,» which designates money generated by selling federal assets or raising taxes (such as a proposed $ 10 fee per barrel of oil sold and increasing taxes on higher - income earners) to pay for specific programAs a result, the Obama administration has proposed increasing «mandatory spending,» which designates money generated by selling federal assets or raising taxes (such as a proposed $ 10 fee per barrel of oil sold and increasing taxes on higher - income earners) to pay for specific programas a proposed $ 10 fee per barrel of oil sold and increasing taxes on higher - income earners) to pay for specific programs.

Income tax rates in Australia are as high as 45 % on the highest individual earners, a substantial portion of earned income.

In other words, when such a high - earner receives a cash bonus on top of the regular salary, those «last» dollars will be taxed at 53.53 %, as would interest income in non-registered investment accounts.

For a high - income earner, tax on AIPs could be as high as 74 %.

As part of the 2010 Patient Protection Affordable Care Act (ACA), certain high earners are subject to a 0.9 % additional Medicare tax on wages and self - employment income.

For high - income earners living in Alberta, whose tax rates have increased dramatically since last year, the impact on their take home pay this month will be much more severe as Alberta's top federal / provincial combined marginal rate went from 40.25 per cent in 2015 to 48 per cent in 2016.

Furthermore, high wage earners are also subject to certain additional taxes, such as the Medicare Surtax, which is imposed on combined income over $ 250,000.

My scenario isn't particularly «generous» — only a high wage earner would qualify for an $ 800,000 mortgage, and the interest paid on that mortgage, as well as the property tax, significantly exceeds the standard deduction, as does the state income tax likely paid by that wage earner (as an example, I pay tens of thousands of dollars in state income tax in California — all deductible from my federal tax return).

The Liberals said they would impose a higher tax rate on earners in the top one - per - cent — those who make more than $ 200,000 per year — as a way to finance the vast majority of the middle - income relief.

There could be a means test to apply some tax rate for high income earners, as there is now on OAS, but people who earn under $ 75,000 per year, for example, would pay no taxes on CPP and OAS benefits.

Gabrielle advises employers and trustees of occupational pension schemes (both defined benefit and defined contribution) on a broad range of pensions matters including automatic enrolment; scheme amendments and changes to benefit structures; scheme funding issues; scheme governance; member - related issues such as benefit questions, pension sharing orders or high - earner tax questions; the operation of the Pension Regulator's powers; and entry into the Pension Protection Fund.