Sentences with phrase «with large tax increases»

Other speakers at the budget hearing asked the council not to burden the city's taxpayers with a large tax increase.

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These reductions for the lowest - income groups were so large because President Reagan doubled the personal exemption, increased the standard deduction, and tripled the earned income tax credit (EITC), which provides net cash for single - parent families with children at the lowest income levels.

The increase in corporate income tax revenues largely reflecting strong gains in the tax settlement period for those large corporations with a taxation year ending December 31st.

«Discretionary dollars for holiday spending are limited for the large pool of lower - and moderate - income consumers due to lack of wage gains this year coupled with the increased payroll tax.»

Furthermore, immediately repealing LIFO and replacing it with FIFO would cause companies to claim large one - time profits from their historic inventories, which would be a massive one - time tax increase.

According to a 2016 report from the Tax Policy Center, «Taxpayers with incomes over $ 100,000 would have the largest tax increases both in dollars and as a percentage of income.&raqTax Policy Center, «Taxpayers with incomes over $ 100,000 would have the largest tax increases both in dollars and as a percentage of income.&raqtax increases both in dollars and as a percentage of income.»

The European Union's competition authorities announced a major tax ruling against Apple's tax dealings with the Irish government on Tuesday, a decision that will likely increase trans - Atlantic tension over how some of the world's largest companies pay taxes on their global operations.

Facebook said he will use the «substantial majority» of the windfall to cover the massive tax bill he'll be hit with, thanks to his plan to exercise a large stock - options grant that will increase his ownership stake in the company he founded.

Greenport voters will likely be asked to pierce the state property tax cap this year as school administrators plan for what is expected to be among the largest tax levy percentage increases of any Long Island district, according to data recently filed with New York State Comptroller Thomas DiNapoli's office.

GE had been concerned about the so - called unitary tax that would increase taxes on large corporations with operations in multiple states.

«Sen. Valesky voted for the largest tax increase in state history and he votes with his New York City leaders more than 99 percent of the time.

But I would warmly endorse a larger cut in inocme tax for those undr $ 60K with a corresponding increase to the very wealthy donor class that pays you to lie on their behalf — after all — those are the people who primarily benefitted from the Ryan / Rump tax cuts for donors!

The Institute believes that the case for such a large and broadly applied increase has not been made and risks resulting in unfairness for taxpayers and perverse incentives toward the care taken with tax returns.

Wrote Cornyn: «President Obama's decision yesterday to join with Republicans in opposing the largest tax increase in American history was made not because he had a sudden change in political or economic philosophy.»

Before 1997 ′ my council tax was going up around 2 - 3 %, when Labour got in with large majority's and Lab actually won in Warwick where I was living, I was getting increases up to 7.5 % until Prescott tactically capped at 5 % several years later.

On May 6, 2003, for example, the Governor issued a press release with the following lead paragraph: «Governor George E. Pataki today announced that the fiscally irresponsible budget passed by the State Legislature will harm New Yorkers by imposing the largest tax increase in the history of the State — a tax increase that will lead to massive job losses and a projected $ 13 billion budget shortfall in the upcoming two years.»

The larger question being asked by union officials and elected officials alike is: Can a local government keep its property tax increase at or near the property tax cap, and at the same time pay its union workers with new contracts?

Coupled with the $ 724 million school tax relief program, (which is a funding shift from local to state) this is the largest school aid increase ever proposed by a Governor.

The Tories have called for a large increase in state funding for all parties with more than two Commons seats, a cap of # 50,000 on all donations, the phasing out of corporate donations - including from trade unions, and tax relief for donations.

The Tories have called for a large increase in state funding for all parties with more than two Commons seats, a cap of # 50,000 on all donations, the phasing out of corporate donations - including from trade unions - and tax relief for donations.

He favors giving voters the power to «veto» skyrocketing property taxes with automatic local elections on large tax increases.

AFC awarded high marks to Florida's program for its broad eligibility, reaching families with incomes of up to 200 percent of the federal poverty level; for the generosity of the tax break to donors, a dollar - for - dollar match with a cap that increases automatically each year; and for the large size of scholarships, nearly $ 6,000.

Meanwhile, opposition to Malloy's plan was swift with many towns announcing that his proposal would lead to massive cuts to public schools and large property tax increases in the majority of Connecticut communities.

Relying on the percentage change in tax liability makes the tax cut appear to be tilted toward the low - income household even though the legislation provides the high - income household with a percentage increase in after - tax income that is 1,000 times larger than the low - income households, whose change in taxes is miniscule.

The tax act also expands the child credit and the Earned Income Tax Credit (EITC), reduces marriage penalties, increases subsides for education and retirement saving, repeals the limitations on itemized deductions and phaseouts of personal exemptions, and provides temporary, limited relief from the alternative minimum tax (AMT), a complex law that was designed to prevent aggressive tax sheltering but primarily affects large families or residents of states with high income taxtax act also expands the child credit and the Earned Income Tax Credit (EITC), reduces marriage penalties, increases subsides for education and retirement saving, repeals the limitations on itemized deductions and phaseouts of personal exemptions, and provides temporary, limited relief from the alternative minimum tax (AMT), a complex law that was designed to prevent aggressive tax sheltering but primarily affects large families or residents of states with high income taxTax Credit (EITC), reduces marriage penalties, increases subsides for education and retirement saving, repeals the limitations on itemized deductions and phaseouts of personal exemptions, and provides temporary, limited relief from the alternative minimum tax (AMT), a complex law that was designed to prevent aggressive tax sheltering but primarily affects large families or residents of states with high income taxtax (AMT), a complex law that was designed to prevent aggressive tax sheltering but primarily affects large families or residents of states with high income taxtax sheltering but primarily affects large families or residents of states with high income taxes.

A tax of $ 20 / ton, with an inflation - adjusted 4 % annual increase, knocks emissions down 14 % by 2020, and a larger number in 2050 if you believe economic projections that far in the future.

whilst australia's poor & marginalised — not a large number in a country with a total population of less than 23 million — pay disproportionately for all the Government increases in tobacco taxes at home, the fact is our highly - populated asian neighbours are taking up smoking at a rapid rate and no doubt adding some $ $ $ to tobacoo company revenues in the developed world!

[citation needed] Reagan followed his 1981 tax cut with two large tax increases.

With the rare exception of the recession we are currently experiencing, estates that are large enough to be taxed tend to continue to increase in value and never get to the point where term is the answer, a need that resolves itself with tWith the rare exception of the recession we are currently experiencing, estates that are large enough to be taxed tend to continue to increase in value and never get to the point where term is the answer, a need that resolves itself with twith time.

Maybe Georgia can be his next stop, as the lieutenant governor of that state has threatened one of its largest employers, Delta airlines, with increased taxes if it does not restore its relationship with the NRA, the Associated Press's R.J. Rico and Ben Nadler report.

In light of the increasing number of queries from the public at large, the ATO has now launched a «community consultation» which it says will «help us understand practical issues experienced when complying with cryptocurrency tax obligations.»

However, increased levels of tax enquiry have definitely led to larger workloads and, in turn, a demand for those with compliance - based skillsets.

Whether you're a large company receiving tax cuts or a smaller business with increased deductions, you'll have some form of «new» cash this year.

NAR President Elizabeth Mendenhall, a sixth - generation Realtor ® from Columbia, Missouri and CEO of RE / MAX Boone Realty, says the pending tax reform legislation in both the House and Senate is a direct attack on homeowners and homeownership, with the result being a tax increase on millions of middle - class homeowners in both large and small communities throughout the U.S.

Buckley explained why he's worried: When Camp proposes a significant increase in the IRS» standard deduction combined with the repeal of deductions for state and local income taxes, he would be putting a large majority of the population in the position where it's more beneficial to choose the standard deduction, rather than itemizing their tax deductions.

Buckley explained why he's worried: When Camp proposes a significant increase in the standard deduction combined with the repeal of deductions for state and local income taxes, he would be putting a large majority of the population in the position where it's more beneficial to choose the standard deduction, rather than itemizing their tax deductions.

NAR President Elizabeth Mendenhall, says the pending tax reform legislation in both the House and Senate is a direct attack on homeowners and homeownership, with the result being a tax increase on millions of middle - class homeowners in both large and small communities throughout the U.S.

In states like Florida and California with large senior populations, an increasing number of elderly homeowners are placing all or most of their assets — including their home — into a trust for tax and estate planning purposes.