Sentences with phrase «wealthy taxpayers from»

The Alternative Minimum Tax (AMT) was designed to keep wealthy taxpayers from using loopholes to avoid paying taxes.

It's an «extra» tax imposed by the IRS to prevent wealthy taxpayers from taking advantage of so many credits and deductions that they effectively avoid paying any taxes at all.

The ostensible goal of the individual AMT is to prevent wealthy taxpayers from paying little to no federal tax.

Cuomo said preventing upper - middle - class and wealthier taxpayers from using the deduction will help drive them out of the state and put more of a tax burden on lower - income earners.

Another proposal would only prevent only the wealthiest taxpayers from taking the state and local tax deduction.

Not exact matches

Many married couples will see a substantial reduction, as will wealthy taxpayers, with the top rate dropping from 39.6 % to 33 %.

The alternative minimum tax (which Trump also proposes to eliminate) takes away this deduction from many wealthy taxpayers.

Wealthier taxpayers may choose to take profits from their investments now, if they know that they can no longer use the deduction to lower their tax bills in the future.

«The plan will pull thousands and thousands of dollars from middle class taxpayers and put in the pockets of the wealthiest,» Schumer said.

«Shifting the local cost share to the state is a political sleight of hand — if Republicans steal billions from New York to pay for tax cuts for the wealthy it doesn't matter if taxpayers have to cover the cost at the county or the state level.

Although, certain «elite» universities seem to strongly favour overseas students (mostly American), especially on postgraduate courses, no doubt because they are far more lucrative than home - based students (highly ironic, considering the recent funding outcry - more money from the taxpayer for the best tutors to tutor the wealthier overseas students).

Gov. Andrew Cuomo hinted in his State of the State speech on January 3 that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.

«Of course Ben Walsh doesn't want to do that because his donor list is replete with wealthy developers who got millions of taxpayer dollar benefits from when he was (SIDA's) executive director.»

Gov. Cuomo hinted in his State of the State speech on January 3 that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.

Wealthier taxpayers may choose to take profits from their investments now, if they know in the future that they can no longer use the deduction to lower their tax bills.

Governor Cuomo hinted in his State of the State speech that he might back tax hikes on people he says will benefit the most from the recent federal tax overhaul, which includes cuts to corporations and some wealthy taxpayers.

Wealthy districts that get additional funding from their taxpayers aren't likely to want to share it with out - of - district kids.

Wealthy taxpayers see a rise in the amount that can be left to heirs without paying estate tax for 2017, up to $ 5.49 million from $ 5.45 million in 2016.

The first was to enhance the investment profitability of wealthy «green» investors; the second being a massive transfer of wealth from the taxpayers of advanced countries to countries incapable of producing their own prosperity without some form of subsidized theft.