Sentences with phrase «with taxes on high earners»

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.

Not exact matches

First, the reform should be comprehensive enough to deal with the fundamental issue of punitive marginal tax rates on high - income earners.

Higher taxes on top earners or increased corporate tax rates for firms with very high CEO - to - worker compensation ratios could rein in executive pay without adversely affecting workers or the economy, the report suggests.

On the other hand, 71 percent favor the law's Medicaid expansion, 66 percent of young adults favor the prohibition on denying people coverage because of a person's medical history, 65 percent favor requiring insurance plans to cover the full cost of birth control, 63 percent favor requiring most employers to pay a fine if they don't offer insurance and 53 percent favor paying for benefit increases with higher payroll taxes for higher earnerOn the other hand, 71 percent favor the law's Medicaid expansion, 66 percent of young adults favor the prohibition on denying people coverage because of a person's medical history, 65 percent favor requiring insurance plans to cover the full cost of birth control, 63 percent favor requiring most employers to pay a fine if they don't offer insurance and 53 percent favor paying for benefit increases with higher payroll taxes for higher earneron denying people coverage because of a person's medical history, 65 percent favor requiring insurance plans to cover the full cost of birth control, 63 percent favor requiring most employers to pay a fine if they don't offer insurance and 53 percent favor paying for benefit increases with higher payroll taxes for higher earners.

Be aware, too, that high earners — i.e., married couples with modified adjusted gross income above $ 250,000 — are subject to an additional 3.8 percent tax on certain investment income.

It isn't the fault of Republican primary voters that the Huntsman campaign combined seeming contempt for the Republican electorate with a middle - class tax increase and huge tax cuts on high earners.

The problem is that the voters don't want Bushism in any vessel, and they really don't want the post-Bush GOP's obsession with cutting taxes almost exclusively on high earners.

The inclusion of extending high tax rates on wealthy earners in Gov. Andrew Cuomo's 2017 - 18 budget proposal has the potential to set up an ideological fight over economics with Republicans in the state Senate.

Mayor Bill de Blasio said he «hopes» to meet with Governor Andrew Cuomo on Tuesday, when the mayor travels to Albany to lobby for a high - earner tax to fund expanded pre-kindergarten programs.

The emphasis on taxes was conspicuously out of sync with some of the very people whose support Cuomo went out of his way to tout, including de Blasio, who was elected last year on a promise to raise taxes on the city's highest earners.

«With Chancellor George Osborne finalising next week's budget, the Social Liberal Forum reaffirms the Liberal Democrat commitment to fair taxation and urges the government to consider the political implications of cutting taxes on income for the highest earners.

Given that the average income of UKIP voters is lower than that of supporters of the other main parties, and that households with incomes of # 30,000 a year or more are amongst those least likely to vote UKIP, the emphasis on tax cuts for middle and higher earners seems like an odd strategy.

«Their powerful support for our children and families — combined with Speaker Silver and the state assembly's passage of a resolution last night that includes a funding stream in the form of a tax on the city's highest earners — represents a new consensus sweeping across this state.»

ALBANY — Governor Andrew Cuomo argued Wednesday that a state - funding mechanism for pre-kindergarten is more equitable for districts across the state than a competing proposal from New York City Mayor Bill de Blasio to fund his program with a tax on the city's highest earners.

In his inaugural address de Blasio highlighted his call for funding universal pre-K and middle school after school programs with an increased income tax on high earners.

Cuomo's second tax commission is weighing a proposal with more than $ 1 billion in mostly property tax cuts, but debate over former Gov. George Pataki's plan to slash the personal - income tax on the highest earners has helped delay the release of the group's report.

A Cable chancellorship with Labour backing could be bold in redistributing the tax burden - ending higher - rate tax relief on pensions, closing tax loopholes at the top and reducing the share paid by lower earners.

Rueben said that for the approach to work, states would have to figure out what to do with the income of high - earners who receive money from investments rather than jobs — something Cuomo said he could address through a tax on carried interest.

And with the state facing a potential $ 4.4 billion budget deficit, the Assembly seeks to raise revenue by hiking taxes on those making at least $ 5 million by adding three new high - earner brackets.

At a time when fuel prices are at record high, and the Government is punishing drivers with sky high VED increases, Mrs Kelly is now going to hit low income earners in Greater Manchester with a 8 per cent tax on getting into work.

Of course, this will be made somewhat easier by the governor's agreement with the legislature last month to extend $ 2.6 billion in higher income - tax rates on million - dollar earners, offset in part by small rate cuts for middle - class filers.

NEW YORK, NY (12/06/2011)(readMedia)-- The New Deal for New York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the state.

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.

They say that New York is already over-taxed, and that taxes on the high earners will just drive them to leave the state and take their job - creating business with them.

Questions during the Q&A portion of the press conference included his plans during his scheduled visit to Albany on March 4th, why he expects to convince legislators who he has not convinced, whether he's concerned that the middle school program will be pushed aside if there is a pre-K funding mechanism other than his proposed tax, where the money to fund the middle school program will come from, how he counters the argument that his tax proposal is unfair to cities that do not have a high earner tax base, how he will measure the success of the program absent additional standardized testing, whether he expects to meet with Governor Cuomo or Senate Republican Leader Dean Skelos during his March 4th trip, what he would say to a parent whose child planned on attending one of the charter schools that his administration refused to allow, whether he doubts Governor Cuomo's commitment or ability to deliver on the funding the governor has promised, what are the major hurdles in trying to convince the state senate to approve his tax proposal, whether there's an absolute deadline for getting his tax proposal approved, whether he can promise parents pre-K spots should Governor Cuomo's proposal gointo effect, and why he has not met with Congressman Michael Grimm since taking office.

Returning to the campaign trail after a short holiday in Cornwall, Miliband has pledged to keep the bonus tax on bankers indefinitely alongside the new rate of 50p for high earners with salaries on or above # 150,000 — something that was only ever meant to be temporary when it was introduced.

If your income is very high, you might not be able to deduct the Traditional IRA contribution (wholly, or in part) on your 2016 tax return either, and if you are in that high - earner category, you should file Form 8606 with your tax return to tell the IRS that you have made a nondeductible contribution to your Traditional IRA.

Similarly, if you're a higher income earner, starting with good pay or getting started a little later in investing, you won't need to worry about owing significantly higher taxes on withdrawals than you will on contributions and a traditional account would be more appealing for the initial tax breaks.

A newly - lowered top US federal tax rate, combined with a strong US dollar and recent Canadian tax increases on high - income earners, could make the US more attractive to highly - skilled Canadian workers — and ex-pat US citizens — potentially compounding the talent drain.

Similarly, if you're a higher income earner, starting with good pay or getting started a little later in investing, you won't need to worry about owing significantly higher taxes on withdrawals than you will on contributions and a traditional account would be more appealing for the initial tax breaks.