Sentences with phrase «wealthy taxpayers in»

This article states that the governor fought unsuccessfully to reverse the elimination of the deduction for state and local taxes, which harms some middle - class and wealthy taxpayers in the state.

Not exact matches

But the wealthiest taxpayers have been a source of wild revenue swings in many states for long before that.

Alternative minimum tax: The alternative minimum tax (AMT), which was designed to affect only the wealthiest taxpayers but has been a thorn in the side of millions of others, would be completely repealed.

The alternative minimum tax for individuals, which limits tax breaks for wealthy taxpayers, is retained in more limited form.

«The House Republican tax reform plan abandons middle - class taxpayers in favor of high - income Americans and wealthy corporations.

Given his financial experience, Mr. Paulson had to know how deceptive his promise was in placing such emphasis on the government's stock options, the sweetener that has made so many executives fabulously wealthy: «taxpayers will not only own shares that should be paid back with a reasonable return, but also will receive warrants for common shares in participating institutions,» he explained.

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.

Wealthier taxpayers might be holding back on cashing in investments while they wait to see if Congress makes changes to the tax code that could result in more advantageous tax rates.

«With the conceded disparate funding, compounded by the fact that taxpayers within the poorer school districts end up subsidizing, at least in part, the tax credits granted to taxpayers within the wealthier districts, I find that plaintiffs have stated a viable equal protection claim,» Lynch wrote.

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

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.

The state needs to do its fair share and stop passing along the pain to students and local taxpayers in order to please the wealthiest and most privileged in our state.»

«Wealthy special interest groups spending millions in an effort to promote taxpayer funded political campaigns is the height of hypocrisy,» said the group's executive, Brian Sampson.

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.

But in many such countries the would - be-immigrant can get around this if they are wealthy and are willing to post a surety bond as insurance against becoming a burden to the local taxpayers.

The 33 are part of two groups, Patriotic Millionaires and Responsible Wealth, that wrote the state «can and must do more to invest in the state's unmet needs, and we believe wealthy taxpayers like us should be part of the solution.»

Officers in the team will target the 350,000 wealthiest taxpayers.

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.

«Each of these proposals would result in a massive windfall for the wealthiest Americans and provide almost no relief to middle - class taxpayers who need it most,» Senate Minority Leader Chuck Schumer, D - N.Y., said at the Capitol.

Cuomo in January proposed a tweak that would boost the total amount by 1 percent, or $ 428 million, but critics have said that his plan funnels money to more wealthy districts, thus depriving rural, poor districts — including those in the Adirondack Park — both their rightful share and relief for taxpayers.

In another example of how the wealthy use the tax code to their benefit while public schools suffer, some states are funneling public dollars to private schools and allowing businesses and upper - income taxpayers to turn a profit in the process, according to a report released by the Institute on Taxation and Economic Policy (ITEPIn another example of how the wealthy use the tax code to their benefit while public schools suffer, some states are funneling public dollars to private schools and allowing businesses and upper - income taxpayers to turn a profit in the process, according to a report released by the Institute on Taxation and Economic Policy (ITEPin the process, according to a report released by the Institute on Taxation and Economic Policy (ITEP).

This scheme will use taxpayer money in the form of tax credits for corporations and wealthy donors who make contributions to state - sponsored voucher scholarship programs.

In addition to increasing per - pupil funding, Huberty's bill provides schools with weighted funding for students with dyslexia, and reduces the amount of money that local taxpayers in wealthier areas would pay in Recapture by $ 163 million in 2018 and $ 192 million in 201In addition to increasing per - pupil funding, Huberty's bill provides schools with weighted funding for students with dyslexia, and reduces the amount of money that local taxpayers in wealthier areas would pay in Recapture by $ 163 million in 2018 and $ 192 million in 201in wealthier areas would pay in Recapture by $ 163 million in 2018 and $ 192 million in 201in Recapture by $ 163 million in 2018 and $ 192 million in 201in 2018 and $ 192 million in 201in 2019.

After federal income tax deductions, Connecticut's wealthiest taxpayers pay an average of 5.5 percent for their income in state and local taxes, compared to 10.5 percent for middle - class families and more than 11.0 percent for the state's poor.

This becomes an issue in a given state or district when the wishes of wealthy taxpayers (those who owe enough state taxes to make STO donations and get the resulting tax credit) are not aligned with the wishes of parents.

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.

Wealthy taxpayers will now find capital losses more valuable than ever because of the capital gains rate increase for those in the top two brackets.

For instead of allowing the institutions that made risky loans and failed in their fiduciary responsibilities to go under as part of capitalism's «creative destruction,» the bad actors were rescued with government funds and rewarded with taxpayer bailouts — socialism for the wealthy.

Critics of the deduction maintain it helps only wealthy homeowners; NAR offered up evidence to the contrary in a recent testimony, reporting 7 million taxpayers took advantage of the deduction in 2015.

«The House Republican tax reform plan abandons middle - class taxpayers in favor of high - income Americans and wealthy corporations,» said Granger MacDonald, chairman of the National Association of Home Builders (NAHB), in a statement.