• The bill, which now heads to the House for a vote that could happen as soon as Friday, is a far cry from the ambitious $2 trillion agenda that President Biden rolled out last year that relied on major tax increases on wealthy Americans and corporations. (foxbusiness.com)
  • Biden wants to increase taxes on big corporations and the wealthy. (msnbc.com)
  • Let people know that the Biden infrastructure plan includes tax hikes on corporations and the wealthy, and they say they like it more . (msnbc.com)
  • Breitbart News reported Monday that "President Joe Biden is considering a tax hike to underwrite the economic program launched by the approval of his $1.9 trillion pandemic stimulus package," the first major federal tax hike in almost 30 years if it is implemented. (breitbart.com)
  • on Wednesday took an early swipe at President Joe Biden' s infrastructure overhaul , decrying the 'massive' tax increases in the roughly $2 trillion plan and fretting about its impact on the national debt. (cnbc.com)
  • Lawmakers from both parties have long pushed to revitalize America's aging infrastructure - but the tax hikes and the Biden plan's massive price tag are likely to draw strong opposition from the GOP. (cnbc.com)
  • In August 2022, President Joe Biden signed the misnamed Inflation Reduction Act into law, which included a new tax on companies' financial statement income , new IRS funding to increase audits, an excise tax on stock buybacks , and more taxes on natural gas, oil, and coal. (zerohedge.com)
  • But the IRS and the Biden administration have also been playing fast and loose with regulatory interpretations of the new tax provisions. (zerohedge.com)
  • The revenue-raising tax provisions, collectively dubbed the Made in America Tax Plan, are aimed squarely at corporations, leaving aside for now the tax increases on wealthy individuals that Biden has hinted at. (eidebailly.com)
  • The corporate tax changes largely echo what Biden proposed during the presidential campaign: raising the corporate tax rate to 28 percent, establishing a minimum tax on book income, and effectively doubling the tax on global intangible low-taxed income. (eidebailly.com)
  • Also: "Notably absent from the list of revenue raisers the Biden administration is calling for are specific tax increases on high-income taxpayers. (eidebailly.com)
  • By contrast, the Biden plan hinges in part on the Democratic administration's ability to get other countries to impose similar tax regimes so that a U.S. corporate headquarters doesn't become a significant competitive disadvantage. (eidebailly.com)
  • US President Joe Biden intends to raise capital gains taxes for those earning more than $US1 million ($1.3 million) a year, his top economic adviser confirmed on Monday (Tuesday AEST), arguing that the move would affect only a tiny share of American households. (afr.com)
  • Mr Biden is set on Wednesday to unveil his "American Families Plan", featuring major new social spending measures that would be funded in part by higher taxes on the wealthy. (afr.com)
  • Mr Biden is also likely to propose increases on the number of Americans subjected to the estate tax. (afr.com)
  • A bigger constituency Mr Biden will need to woo is a group of House lawmakers largely representing districts in New York, New Jersey and California, who demand an expansion of a tax deduction that former president Donald Trump limited in 2017. (afr.com)
  • Democrats expect a beefed-up IRS to add an extra $124 billion in revenue by cracking down on tax evasion by wealthy individuals and corporations. (foxbusiness.com)
  • Anzalone went on to tell Axios that the White House need not treat the tax increases on the wealthy as some kind of necessary evil. (msnbc.com)
  • Indeed, as we recently discussed , a Morning Consult/ Politico poll from two weeks ago found broad support for an ambitious federal infrastructure bill, paid for by tax increases on the wealthy and big corporations. (msnbc.com)
  • That's left wealthy taxpayers scrambling to do proactive planning, especially to avoid a possible doubling of the top capital gains tax rate to 39.6%, up from 20%, which could be retroactive to the date legislation is introduced. (forbes.com)
  • WASHINGTON (AP) - House Democrats unveiled a sweeping proposal Monday for tax hikes on big corporations and the wealthy to fund President Joe Biden's $3.5 trillion rebuilding plan, as Congress speeds ahead to shape the far-reaching package that touches almost all aspects of domestic life. (ktar.com)
  • This is why it's disingenuous of progressives to claim that all that the President is pushing for when it comes to tax rates is a return to Clinton-era tax rates on the wealthy. (pacificresearch.org)
  • Republicans insist that the Bush tax cuts to the wealthy must be extended because the economy is weak. (demos.org)
  • This meets two core goals the President laid out at the beginning of this process - it does not raise taxes on Americans earning under $400,000 and it repeals the core elements of the Trump tax giveaways for the wealthy and corporations that have done nothing to strengthen our country's economic health," said Andrew Bates in a statement. (politico.com)
  • Bloomberg reported last week that the White House is planning to almost double the capital gains tax rate for wealthy individuals to 39.6 per cent, compared with the 20 per cent rate today. (afr.com)
  • Along with a surtax to help pay for Obamacare, it means that federal tax rates for wealthy investors could be as high as 43.4 per cent. (afr.com)
  • States' revenues from taxing gambling have been flat since the Great Recession-Why? (taxpolicycenter.org)
  • The commission is expected to reconsider the tax hike in June, after members decide whether to sell a $10 million equestrian park and how that might affect revenues. (sltrib.com)
  • But as is usual with politicians, he is looking at selective sources to raise revenues, including a tax on non-diet soft drinks. (taxfoundation.org)
  • If non-diet soft drinks are so bad for society, then the tax should be raised and returned to people in the form of a lump-sum transfer or some other tax cut/spending item that is the most efficient use of those revenues. (taxfoundation.org)
  • Governors and legislators spent fiscal 2009 wrestling to balance budgets as tax revenues plummeted amid the weakening economy. (cnn.com)
  • With tax revenues continuing to plummet, experts see more tax increases and spending cuts ahead, though they may not be as severe as the measures enacted over the past year. (cnn.com)
  • Facing a projected deficit of nearly $3 billion in FY 2016-17, legislators acted on a budget which raises approximately $2 billion in new tax revenues. (taxfoundation.org)
  • On January 1, 2013, a 2.3-percent excise tax on the total revenues of medical-device companies regardless of whether they turn a profit or suffer a loss will take effect. (pacificresearch.org)
  • But she's booking a projected $124 million increase in revenues from the existing sales tax, a 12.8% bump based on what has been a fairly strong economy and high inflation, which has driven up county receipts. (chicagobusiness.com)
  • Just because the government raises taxes, doesn't necessarily mean it will raise more revenues. (zerohedge.com)
  • Yet, as of July 31, tax revenues are down almost $400 billion from the same time last year, representing a 13 percent drop in tax receipts-even larger after accounting for inflation. (zerohedge.com)
  • It's unusual for tax revenues to drop from one year to the next, as it's happened only eight times since 1960. (zerohedge.com)
  • It's too early to fully account for why tax revenues are down in 2023. (zerohedge.com)
  • At the start of the year, the Congressional Budget Office forecasted slow economic growth for 2023, but it only modeled a very slight decline in tax revenues compared with last year. (zerohedge.com)
  • Specifically, they called for greater research on the impact of cigarette tax increases on the very poor and mentally ill, and greater allocation of tax-generated revenues in disadvantaged communities, including increased access to smoking cessation treatments and services. (medpagetoday.com)
  • By Lowell L. Kalapa - Hawaii taxpayers should know that it is not only the Tax Review Commission that is eyeing ways to raise additional revenues, but also various special interest groups who have been frustrated by cuts to a variety of programs over the past few years as the economic recession took its toll on state tax revenues. (hawaiireporter.com)
  • While lawmakers like to blame the poor economy for all the cuts they had to make to the state operating budget, they are by no means without blame for the decline of tax revenues. (hawaiireporter.com)
  • Spending more means the city either needs to increase revenues by raising property taxes and fees, or cutting programs and services. (cbc.ca)
  • Akash Chougule, deputy director of policy for Americans for Prosperity, says taxpayers would be better served by lawmakers if gas tax revenues were spent on road construction and not bike trails and other non-road projects. (heartland.org)
  • Debt and Tax Cuts: What's not to love? (taxpolicycenter.org)
  • As The Hill reports, while they might not promise that tax cuts will pay for themselves, they do claim overhauling the tax code would spur economic growth. (taxpolicycenter.org)
  • When courts ruled the state could not draw on local government funds appropriated by a prior legislature to balance the budget, Sandoval opted to maintain tax rates rather than make more core cuts. (prospect.org)
  • In addition to avoiding further cuts to education, this decision means there will be no need for tax increases in the next session. (prospect.org)
  • New tax hikes and spending cuts take effect. (cnn.com)
  • For others, tax hikes and draconian spending cuts went into effect. (cnn.com)
  • However, given that the province spectacularly failed to adhere to revenue-neutrality in its initial climate change plan, it would be naïve to assume Premier Notley's government would enact the tax cuts needed to make the federally-mandated increase revenue neutral. (fraserinstitute.org)
  • The latest offer also included defence spending cuts, a firm timetable for privatising state assets such as Piraeus port and regional airports, hikes in VAT for hotels and restaurants and slashing a top-up payment for poorer pensioners. (hurriyetdailynews.com)
  • Republican critics decry the sweep of Biden's plan, suggesting it slopes toward a Western European-style socialism, and they particularly reject the taxes required to pay for it, bristling because it would reverse the GOP tax cuts that were approved just a few years ago. (ktar.com)
  • HILO - A doubling and 10-year extension of the county's general excise tax moved forward Monday on an 8-1 vote after the County Council Finance Committee heard dire warnings of property tax hikes and service cuts from Mayor Harry Kim. (westhawaiitoday.com)
  • To top it off, certain Trump administration business tax cuts simultaneously have been phasing out. (zerohedge.com)
  • Regardless, this week we will see a culmination of the campaign to raise taxes on the poorest workers when Senate Republicans push legislation that would extend the Bush tax cuts for the wealthiest Americans while letting tax credits expire for low-income households. (demos.org)
  • Never mind that the Bush tax cuts were also, by law, finite in duration and Republicans have no problem extending these cuts yet again. (demos.org)
  • Tax cuts to workers at the bottom were part of the stimulus because such workers turn around and spend extra income immediately -- while affluent households with more income may just pile extra cash into that college savings account. (demos.org)
  • And, of course, when lawmakers can't find enough spending cuts that they can push through, they have turned to raising taxes. (hawaiireporter.com)
  • Sponsors of the tax increase say it is desperately needed to avoid catastrophic cuts to schools and other public services. (calwatchdog.com)
  • Unless we act now to temporarily extend the current income tax rates on the wealthiest Californians, our public schools will soon face another devastating round of cuts due to lost revenue of billions of dollars a year," the sponsors of the ballot measure wrote in a draft initiative . (calwatchdog.com)
  • Neal, who late Friday unveiled a separate plan for more than $1 trillion in tax cuts and other benefits Democrats also intend to include in their reconciliation package, aims to move both through his committee this week. (politico.com)
  • He also wants to restore the top marginal income tax rate to 39.6 percent, from 37 percent, where it was before Republicans cut it to as part of their 2017 Tax Cuts and Jobs Act. (politico.com)
  • A tax bracket is the range of incomes taxed at given rates, which typically differ depending on filing status. (taxfoundation.org)
  • For big businesses, the proposal would lift the corporate tax rate from 21% to 26.5% on incomes beyond $5 million, slightly less than the 28% rate the president had sought. (ktar.com)
  • Individuals with annual incomes higher than $200,000 and couples who make more than $250,000 a year will face two new taxes a 0.9-percent increase in the 1.45-percent Medicare levy on earnings above those income thresholds and a new 3.8-percent tax on investment income. (pacificresearch.org)
  • Economic growth has cooled substantially over the past year and a half, leading to stagnant real incomes, which in turn have diminished income-tax and payroll-tax receipts. (zerohedge.com)
  • Of the more than 172 million taxpayers who would bear the burden of the increased corporate tax rate, 98.4 percent , or about 169 million, have incomes under $500,000 . (house.gov)
  • For households and small businesses with incomes of over $500,000, the new marginal tax rate will be 11 percent. (oregonbusinessreport.com)
  • But to meet Trudeau's $50 per tonne target by 2022, Alberta's provincial carbon tax must likely increase another $20 per tonne. (fraserinstitute.org)
  • While green companies have long enjoyed generous tax treatment , the 2022 law took things to another level. (zerohedge.com)
  • In 2022, Snohomish County voters approved 23 of 36 monetary property tax measures on the ballot. (heraldnet.com)
  • While Downing Street has indicated it could live with a few billion pounds worth of tax rises, especially the elimination of perceived loopholes for the wealthiest in the areas of capital gains and pensions, Boris Johnson's aides fear conducting a major tax raid on Middle England in the midst of the pandemic risks derailing the economic recovery. (telegraph.co.uk)
  • The reporter also mentioned Sen. Elizabeth Warren (D-MA) is pushing for a wealth tax that she, Reps. Pramila Jayapal (D-WA), and Brendan Boyle (D-PA) proposed on March 1, which imposes a two percent tax on assets' net value for the wealthiest Americans. (breitbart.com)
  • In the video, Duque said there was consensus that temporary taxes on businesses and dividends, and higher income taxes on the wealthiest Colombians, were needed along with government austerity measures. (npr.org)
  • We can let the temporary sales tax increase expire to help working families, but this is not the time to be giving the wealthiest people in California a tax cut that they don't need and that our schools can't afford. (calwatchdog.com)
  • In the three months prior to the last hike in the capital gains rate hike, in 2013, "the wealthiest households sold 1 per cent of their starting equity assets, which would equate to about $US120 billion of selling in current terms", they wrote. (afr.com)
  • In 2017, with Republicans controlling the White House and all of Congress, GOP leaders were predictably focused on tax policy -- or what the party referred to at the time as "tax reform. (msnbc.com)
  • Under the compromise, the personal income tax rate would fall from 5.75 to 5.499 percent in 2017. (taxpolicycenter.org)
  • In all, the tax hikes are in line with Biden's own proposals and would bring about the most substantive changes in the tax code since Republicans with then-President Donald Trump slashed taxes in 2017. (ktar.com)
  • Restive Democrats from high-tax, heavily Democratic states like New York, New Jersey and California are pushing for a repeal of the $10,000 cap on state and local tax deductions that was imposed by the 2017 Trump law. (ktar.com)
  • The Republicans' 2017 law sought to lighten the U.S. corporate tax burden to make it similar to other countries' systems. (eidebailly.com)
  • For 2017 taxes, the average home in Everett had an assessed value of $260,800. (heraldnet.com)
  • With sales tax receipts surprisingly peppy and hundreds of millions of dollars in federal COVID relief in hand, Cook County Board President Toni Preckwinkle today rolled out a proposed fiscal 2023 budget that contains no new taxes and continues to pump major new funding into social-equity programs. (chicagobusiness.com)
  • On paper, that adds up to more than $60 billion in tax hikes in 2023. (zerohedge.com)
  • The proposed legislation (known as the Finance Bill 2023) calls for new or increased taxes on a wide range of items including fuel and food as well as beauty products, crypto currencies and social media influencers. (africanews.com)
  • His government has drawn up a 3.6-trillion shilling ($26.2-billion) budget for 2023/24 with the proposed new taxes expected to generate 289 billion shillings. (africanews.com)
  • The average home in ritzy Woodway now boasts an assessed value of $2.3 million for 2023 taxes, and the average Brier home topped six figures for this year's taxes. (heraldnet.com)
  • To apply for a property tax exemption, the disposable income threshold is $55,743 for 2023. (heraldnet.com)
  • The private equity industry secured a last-minute victory when several Democrats voted with Republicans to exempt private equity companies and businesses they own from the new corporate minimum tax. (foxbusiness.com)
  • The problem for Republicans isn't just that Rick Scott wants to raise taxes on millions of Americans, it's that he won't stop talking about it. (msnbc.com)
  • GOP Sen. Rick Scott of Florida took a fresh swing at critics in his own party on Thursday, saying that Republicans are adopting Democratic attacks against his sprawling agenda which includes a tax increase on the poorest Americans. (msnbc.com)
  • The Democratic pollster added that Republicans will attack the party as "tax increasers" anyway, so Dems might as well pursue the policy that so many Americans already support. (msnbc.com)
  • Across the country, the vast majority of Republicans have signed on to Grover Norquist's tax pledge , promising never to support tax increases. (prospect.org)
  • Republicans are targeting the temporary tax breaks that Congress enacted in 2009 as part of the stimulus. (demos.org)
  • Mr Deese briefed on just one element of the plan on Monday after criticism from Republicans about the White House's reported push to almost double the capital gains tax for top earners. (afr.com)
  • Republicans are likely to oppose the tax increases en masse, but the White House is also risking a struggle with Democratic lawmakers. (afr.com)
  • A black Democrat (named Bakari) is fighting against a massive tax increase being pushed by a pair of good 'ol boy "Republicans" (named Hugh and Ray) - one of whom makes bank off of the proceeds of that tax. (fitsnews.com)
  • He and many other Republicans say this is solely a fight over taxes. (wypr.org)
  • After months of painstaking negotiations, Senate Democrats on Sunday approved a sweeping health care and climate change spending package that amounts to one of the largest tax hikes in decades. (foxbusiness.com)
  • There's no great mystery here: The Florida senator's plan, among other things, proposes tax hikes on tens of millions of Americans, and Democrats are eager to exploit this election year gift. (msnbc.com)
  • Each incident, to Democrats' delight, keeps the story alive, creating a new round of headlines about the ambitious GOP senator and his plan to increase taxes on 57 percent of the adult population. (msnbc.com)
  • The top pollster for Joe Biden's presidential campaign is advising the White House to do something that often makes Democrats nervous: Talk loudly and proudly about raising taxes on the rich. (msnbc.com)
  • The Democrats' social policy goals are ambitious: paid family and medical leave, expanding Medicare to include dental, vision and hearing benefits, extending the enhanced child tax credit as well as provisions to address climate change. (forbes.com)
  • The Democrats ' budget blueprint promises no new taxes on families making less than $400,000 per year, small business and family farms. (forbes.com)
  • House Democrats want to raise the corporate rate to 26.5 percent as part of nearly $3 trillion in tax increases to defray the cost of their next big spending package. (politico.com)
  • Taken together, the proposals would be the biggest tax increase in decades and appear to be enough to cover most of what even progressive Democrats hope to spend on their coming "reconciliation" package. (politico.com)
  • While other Democratic leaders have enthusiastically embraced tax hikes on the rich and big companies, the Massachusetts Democrats has said little, preferring to confer with colleagues behind closed doors. (politico.com)
  • The Left-leaning Tax Policy Center has already shown that Democrats' tax increases would fall on the middle class . (house.gov)
  • More than 20 Democrats have said they will not vote for Mr Biden's plan unless the $US10,000 cap on state and local tax, or SALT, deductions is addressed. (afr.com)
  • President Joe Biden's new White House budget, for example, proposes tax hikes on billionaires, which tend to be a popular idea with most voters. (msnbc.com)
  • The White House welcomed the preliminary tax plan, which keeps to Biden's promise not to tax anyone making less than $400,000. (ktar.com)
  • Biden's plan would also raise the global minimum tax rate for multinational corporations to 21% and eliminate a current tax exemption on profits on foreign investments, the administration said. (cnbc.com)
  • President Biden's Infrastructure Plan Raises Taxes on U.S. Production - Daniel Bunn, William McBride, Garrett Watson, and Erica York, Tax Policy Blog. (eidebailly.com)
  • Some of those from New York, New Jersey and other high-tax states in particular were already mobilising to demand relief for their constituencies even before Mr Biden's official announcements. (afr.com)
  • An Administration proposal would double the top tax rate from 20% to 39.6% on long-term capital gains and qualified dividends. (forbes.com)
  • Following days of deadly protests across Colombia against a planned nationwide tax increase, President Iván Duque has withdrawn the proposal that he insisted was needed to fix the country's pandemic-battered economy. (npr.org)
  • The city now says the union's wage and benefit proposal amounts to a 4.79% property tax hike. (cbc.ca)
  • And to be fair to Haley (something we don't relish doing), her proposal did include a substantial income tax relief component - which she claims would more than offset the gas tax hike. (fitsnews.com)
  • As a New York Times report explained overnight, "The nonpartisan Tax Policy Center estimated that ensuring all households pay at least $100 in income taxes would leave families making about $54,000 or less with more than 80 percent of the tax increase. (msnbc.com)
  • Rauner's not keen on giving Emanuel political cover for a tax increase by approving an exemption. (taxpolicycenter.org)
  • Massachusetts Gov. Deval Patrick Monday signed a fiscal 2010 budget that included a 25% sales tax increase that goes into effect on Aug. 1. (cnn.com)
  • Nearly 25 percent of this new revenue comes from an increase in income taxes. (taxfoundation.org)
  • Since businesses across the spectrum-not just those in the technology sector-rely on data processing, this tax increase is potentially highly significant for Connecticut corporations as well. (taxfoundation.org)
  • Of course, raising Alberta's carbon price to satisfy federal rules need not necessarily mean an increase in the overall tax burden on Albertans. (fraserinstitute.org)
  • In the end, Albertans will likely be hit with two tax hikes-one resulting from the provincial government's creation of a carbon tax, and the other from the federal government's requirement to increase that tax. (fraserinstitute.org)
  • While the federal government plans a payroll tax increase to fund its expansion of the Canada Pension Plan. (fraserinstitute.org)
  • You're going to see a tax increase no doubt," says Pamela Lucina, head of the trust and advisory practice for Northern Trust. (forbes.com)
  • It puts an increase in the top individual income tax rate and a small increase in the capital gains tax rate - to 25% or 30% - in the "most likely" category. (forbes.com)
  • Of 2013's taxes, the Medicare tax increase and the hike on investment taxes are of particular import. (pacificresearch.org)
  • The proposed tax increase would have affected anyone making more than $656 a month - lowering the threshold and eliminating key exemptions and increasing the number of goods subject to a value added tax (VAT). (npr.org)
  • I'm not supportive of any tax increase if I don't know what the budget is. (westhawaiitoday.com)
  • Any increase in the general excise tax is an increase to all citizen's cost of living as well as their cost of doing business," said Joy Dillon, a co-chair for the Board of Realtors government affairs committee. (westhawaiitoday.com)
  • Last year, the Australian government announced a 12.5% annual increase in tobacco excise taxes through 2020. (medpagetoday.com)
  • But even while Prop. 30 was being pitched to voters as a temporary tax increase, no one in the political world actually believed it. (calwatchdog.com)
  • The quarter-cent sales tax increase would expire next year as scheduled. (calwatchdog.com)
  • Failure this summer of a proposed 10.5-cent increase in Washington's gas tax to fund big transportation projects such as the North Spokane Corridor has caused some state lawmakers to seek new ways to stretch existing funds. (spokesman.com)
  • King said at least some of the reforms are needed before conservative lawmakers will support a tax increase. (spokesman.com)
  • In June, lawmakers rejected a 10.5-cent increase in the state gas tax that would have raised nearly $10 billion through 2025. (spokesman.com)
  • Neal's increase in a special tax on companies' foreign earnings known as "GILTI," for example, doesn't go nearly as far as what Senate Finance Chair Ron Wyden (D-Ore.) or the Treasury Department have proposed. (politico.com)
  • and increase tobacco taxes, among other changes. (politico.com)
  • The city also says this would be equivalent to a 4.79 per cent property tax increase. (cbc.ca)
  • Within 10 years of a corporate tax increase from 21 percent to 25 percent, 66.3 percent of the corporate tax burden would be borne by lower- and middle-income taxpayers with income well below $500,000 . (house.gov)
  • The tax burden on the over 98 percent of Americans who make less than $500,000 per year will increase over time. (house.gov)
  • Of the $40.4 billion in increased corporate tax burden in the U.S. in 2031, 66.3 percent of the burden of the increase (or $26.8 billion) will be borne by lower- and middle-income taxpayers with income under $500,000 . (house.gov)
  • An increase in the federal corporate tax rate to 28 percent would raise the U.S. federal-state combined tax rate to 32.34 percent, higher than every country in the OECD, the G7, and all our major trade partners and competitors including China. (eidebailly.com)
  • NO, THAT HEADLINE ISN'T BACKWARD … Welcome to "Republican-controlled" South Carolina … Here, a pair of powerful "GOP" State Senators are pushing a tax increase on gasoline, even though Palmetto State residents pay a higher percentage of income on fuel costs than residents of any other state (save Mississippi). (fitsnews.com)
  • Here, a pair of powerful "GOP" State Senators are pushing a tax increase on gasoline, even though Palmetto State residents pay a higher percentage of income on fuel costs than residents of any other state (save Mississippi). (fitsnews.com)
  • We don't need a gas tax increase. (fitsnews.com)
  • Good for Bakari…I'm not going to say he's on the right track until I undersand his new "funding source"…because that still sounds like a tax increase to me. (fitsnews.com)
  • But I am always happy when we hear that we are going to try to avoid a tax increase by streamlining budgets," she said. (sltrib.com)
  • EVERETT - Property tax statements will be mailed this month, reflecting the 32.5 percent increase in the average assessed home value reported last year in Snohomish County . (heraldnet.com)
  • The average increase in property taxes countywide was calculated at 8.4%, with most places seeing increases anywhere from 2% to 18%, according to the county assessor's office. (heraldnet.com)
  • Homeowners in the Monroe area can expect a 10.1% tax increase. (heraldnet.com)
  • Rep. Earl Blumenauer (D-OR) had proposed an amendment to raise the gas tax from 18 cents per gallon to more than 33 cents, an 82 percent increase. (heartland.org)
  • Increasing the gas tax would also increase the price of everything that depends on gas to be shipped around the country. (heartland.org)
  • About $1 trillion in federal taxes may be going unpaid each year because of errors, fraud and a lack of resources to adequately enforce collections, IRS Commissioner Chuck Rettig said last year. (foxbusiness.com)
  • By the time the 2018 midterms rolled around, the party no longer wanted to talk about their $2 trillion tax giveaway. (msnbc.com)
  • The House Ways and Means Committee may release a draft of the $3.5 trillion social policy bill as early as next week, including the tax hikes needed to pay for it. (forbes.com)
  • I cannot support $3.5 trillion," Manchin said Sunday, citing in particular his opposition to raising the corporate tax rate above 25%, a figure he says will keep the U.S. globally competitive. (ktar.com)
  • And sure enough, more recent estimates show that the green tax credits will ultimately cost two to four times what government forecasters led the public to believe, possibly carrying a price tag of a trillion dollars or more over a decade. (zerohedge.com)
  • In Utah, perhaps a New Year's gas tax hike. (taxpolicycenter.org)
  • Most Snohomish County property taxes are up after last year's hike in assessed values - but not all. (heraldnet.com)
  • All Americans should pay some income tax to have skin in the game, even if a small amount. (msnbc.com)
  • Currently over half of Americans pay no income tax. (msnbc.com)
  • If millions of Americans aren't paying any federal income taxes, and Scott wants them to start paying federal income taxes, then he wants to raise their taxes. (msnbc.com)
  • In a report issued exactly four years ago this week, the Pew Research Center found that most Americans agreed that the existing federal tax system was unfair. (msnbc.com)
  • The proposed top tax rate would revert to 39.6% on individuals earning more than $400,000, or $450,000 for couples, and there would be a 3% tax on wealthier Americans with adjusted income beyond $5 million a year. (ktar.com)
  • The often cited statistic that half of Americans pay no taxes is a textbook case of misinformation, since that "fact" conveniently excludes payroll taxes, which the vast majority of households do pay and which hits hardest at the bottom of the income ladder. (demos.org)
  • WASHINGTON, D.C. - Today, U.S. House Ways and Means top Republican Leader Rep. Kevin Brady (R-TX) and U.S. Senate Finance Committee Ranking Member Sen. Mike Crapo (R-ID) released an analysis showing that proposed corporate tax hikes would fall directly on middle-class Americans. (house.gov)
  • The analysis, performed by the non-partisan Joint Committee on Taxation (JCT), shows that increasing the corporate tax burden would disproportionately harm U.S. workers, retirees and small businesses, including 1.4 million small business C corporations and the 98 percent of Americans who earn less than $500,000. (house.gov)
  • Discussions have also been held over scrapping the various reliefs applied to CGT and replacing them with indexation allowances, meaning only gains in excess of inflation would be taxed. (telegraph.co.uk)
  • Inflation Reduction Act: What tax hikes are in the bill? (foxbusiness.com)
  • Research from The Rockefeller Institute shows that after adjusting for inflation, casino tax revenue in 16 states increased just 0.1 percent in fiscal 2015 compared to the year before. (taxpolicycenter.org)
  • The city's new Finance Director notes that given the economy, changing demographics, and the growth of online shopping, the city sales tax has brought in $10 million less since 2008 after accounting for inflation. (taxpolicycenter.org)
  • The Inflation Reduction Act carved a large hole out of the tax base for the crony green economy. (zerohedge.com)
  • Then, of course, there is the highly regressive tax system in the states, which -- as we have pointed out -- has the bottom 20 percent of households paying a vastly higher percentage of their income in taxes than the top 1 percent. (demos.org)
  • House Bill 2649 created a new tax bracket for households and small businesses who file as S-corporations or LLCs with an income of between $250,000 and $500,000. (oregonbusinessreport.com)
  • The proposals are likely to be viewed as politically toxic among Conservative MP s, who have long argued that major hikes to CGT would hit middle-income earners who have saved and invested as a means of helping to fund their retirement. (telegraph.co.uk)
  • In September, attorneys on behalf of the Alliance for a Better California, a coalition of education unions, organized labor and health care providers, introduced the "School Funding and Budget Stability Act," which would impose higher income taxes on high-wealth earners for the next 12 years. (calwatchdog.com)
  • Many economists fear that any Prop. 30 income tax extension could backfire and further drive high-income earners out-of-state. (calwatchdog.com)
  • Neal would crack down on so-called carried interest - a form of compensation for private equity managers - and expand a special surtax on higher earners known as the Net Investment Income Tax. (politico.com)
  • Earlier this month, New York Governor Kathy Hochul (D) proposed increasing the state's cigarette tax rate by $1.00 a pack, banning the sale of flavored vaping products, and ceasing the sale of all flavored tobacco products. (taxfoundation.org)
  • The state faces an $11.3 billion transportation funding shortfall in its 30-year plan, so lawmakers have advanced a bill to raise the state's gasoline tax by five cents per gallon in 2016. (taxpolicycenter.org)
  • If Governor Gary Herbert signs the bill, the state's gas tax would be 29.5 cents per gallon starting January 1. (taxpolicycenter.org)
  • North Carolina's attorney general has directed the state's department of consumer affairs to investigate the hotel's fee , which has been called a "black tax. (taxpolicycenter.org)
  • The county's one-half cent GET would be in addition to the state's 4-cent tax. (westhawaiitoday.com)
  • Kenya President Willaim Ruto said the tax hikes are essential to addressing debt repayment and for creating jobs. (voanews.com)
  • The legislation would impose a 15% minimum tax on corporations based on profits they publicly report on their financial statements to shareholders. (foxbusiness.com)
  • John Anzalone tells Axios his extensive polling and research has found that few issues receive broader support than raising taxes on corporations and people earning more than $400,000 a year. (msnbc.com)
  • In his comments to Axios, the pollster added that mainstream voters "know the rich and big corporations have the power, accountants, lawyers and tax law on their side to avoid paying their fair share" and "they just want those holes plugged and a fair rate so the country can make investments in the economy, health care and education. (msnbc.com)
  • The new plan moves the state to combined reporting, meaning that corporations will be required to include the income of out-of-state affiliates on their Connecticut corporate tax returns, even if those affiliates otherwise lack a taxable physical presence within the state. (taxfoundation.org)
  • Neal also wants to raise taxes on multinational corporations' overseas profits, tighten estate tax rules and pare back deductions for some unincorporated businesses. (politico.com)
  • Separate analysis shows that corporate tax increases would hit 1.4 million small businesses organized as "C corporations. (house.gov)
  • Toughen the global minimum tax on US-based multinational corporations by raising the rate to 21 percent and requiring companies to calculate their tax on a country-by-country basis. (eidebailly.com)
  • Impose a 15 percent minimum tax on the income large US corporations report to their shareholders. (eidebailly.com)
  • Sen. Ron Wyden (D., Ore.), the top tax writer in the Senate, praised the plan's direction in making corporations "pay their fair share" but noted that he's unveiling his own international tax ideas next week. (eidebailly.com)
  • The shift would effectively represent a return to the Eighties, when Lord Lawson, who served as chancellor under Margaret Thatcher as Nigel Lawson, taxed gains at the taxpayers' marginal income tax rate. (telegraph.co.uk)
  • CORRECTION: Due to an editing error, an earlier version of this report misstated the current top marginal income tax rate. (politico.com)
  • A second marginal corporate tax rate of 7.9 percent was created and applies to taxable income greater than $250,000 for 2009-10. (oregonbusinessreport.com)
  • But White House Press Secretary Jen Psaki said Monday there isn't a proposed package nor a plan to raise taxes on anyone making under $400,000. (breitbart.com)
  • The top individual income tax rate could jump from 37% to 39.6% for those making more than $400,000 a year. (forbes.com)
  • This study supports what we've long known - corporate tax hikes are primarily borne by workers and retirees, and certainly the middle class-those making well below $400,000 a year," said Brady and Crapo . (house.gov)
  • The proposed quintuple whammy of tax increases would enable the Exchequer to raise at least £20 billion a year, and some could be introduced as early as in the Budget. (telegraph.co.uk)
  • I'm not going to raise taxes on anybody. (msnbc.com)
  • The senator said at the Heritage Foundation that he's "not going to raise taxes on anybody," but these words have meaning. (msnbc.com)
  • That's simply what "raise taxes" means. (msnbc.com)
  • The potential infrastructure legislation may not be the only reason to raise taxes. (breitbart.com)
  • Opponents of a plan to raise Utah County's property taxes for the first time in more than two decades are filing a referendum to challenge it. (sltrib.com)
  • But a Pigouvian tax should be levied even if you don't need to raise revenue, not just because you are in a fiscal hole. (taxfoundation.org)
  • Many were forced to slash funding for social services, education and public safety, as well as raise sales levies, income taxes and other fees. (cnn.com)
  • They need to raise taxes to bring their budgets back into balance,' said Nick Johnson, director of the center's state fiscal project. (cnn.com)
  • Though public officials are reluctant to raise taxes in a recession, many found they had to after slashing spending. (cnn.com)
  • For folks who need to raise cash or reposition assets, it may be prudent to sell those assets in the next few days, warns CPA Bob Keebler of Green Bay, Wisconsin in an alert to tax and financial professionals on Leimberg Services. (forbes.com)
  • For his $3.63 billion budget to advance, he'd first have to get around a 1978 law requiring voter approval to raise property taxes. (taxpolicycenter.org)
  • Together, these two taxes are expected to raise about $318 billion over the next decade roughly half of the law s new tax revenue. (pacificresearch.org)
  • The legislation would raise the corporate tax rate to 28% from 21%, which, in concert with other proposed reforms, would fund the new spending over 15 years, according to the White House. (cnbc.com)
  • President Iván Duque had argued that the tax overhaul was needed to raise badly needed revenue. (npr.org)
  • We truly feel the least harm - and all of it is harm - would be to raise the general excise tax. (westhawaiitoday.com)
  • First, while low-income workers making only $3,000 a year are now eligible for the child tax credit, thanks to the 2009 law, the GOP plan would raise that threshold to $13,300. (demos.org)
  • Last week, New York City Mayor Bill de Blasio announced a proposed tobacco tax hike that would raise the minimum price of a pack of cigarettes to $13, making the city the most expensive place in the country to smoke, officials said. (medpagetoday.com)
  • Before majority caucus members will consider higher taxes, King said, he and his colleagues want sales taxes collected on transportation projects returned to the transportation budget, a move that would raise an estimated $400 million for transportation over 10 years. (spokesman.com)
  • Though some observers have doubted Neal's desire to raise taxes, his slate of increases is more ambitious than many anticipated, with more than 20 separate proposals. (politico.com)
  • Now is not the time to raise taxes on the very people we are asking to lead us out of this crisis. (house.gov)
  • Raise the corporate income tax rate from 21 percent to 28 percent. (eidebailly.com)
  • Sellers announced this week his intention to oppose any plan to raise the gas tax in South Carolina - Democrat or Republican. (fitsnews.com)
  • The U.S. House of Representatives blocked an amendment to a multibillion-dollar highway infrastructure bill proposing to raise the federal government's excise tax on gasoline by 15 cents per gallon. (heartland.org)
  • Not content with one tax hike, the same group introduced a second Prop. 30 tax extension in December. (calwatchdog.com)
  • The middle class is tired of carrying the tax burden for the country," Anzalone said. (msnbc.com)
  • The compromise $21.7 billion spending plan for 2015-16 would boost state spending by 3.1 percent overall and cut the state tax burden by $400 million. (taxpolicycenter.org)
  • Historically, Alberta's economy benefitted from a comparatively moderate overall tax burden and competitive rates on key taxes. (fraserinstitute.org)
  • It also ignores whether or not the burden of taxes and fees being borne by current taxpayers is at all appropriate. (hawaiireporter.com)
  • Increasing the corporate tax burden would disproportionately harm U.S. workers, retirees and small businesses. (house.gov)
  • Salt Lake County's commitment to curbing homelessness and drug addiction through Operation Rio Grande has created a $30 million burden on the 2018 budget, although Mayor Ben McAdams says those costs can be covered without a tax hike. (sltrib.com)
  • Other options include slashing pensions tax relief from 40 per cent for higher rate taxpayers to a flat rate of 20 per cent. (telegraph.co.uk)
  • But the proposals would cut in half the 40 per cent relief enjoyed by an estimated four million taxpayers, effectively increasing their average tax rate. (telegraph.co.uk)
  • Instead of unifying the community on a common goal, those tax incentives segmented the community into silos of special interests where businesses and industries sought to preserve and protect those special goodies at the expense of all other taxpayers. (hawaiireporter.com)
  • The problem is that most observers, lawmakers included, don't seem to make the connection that the tax incentives handed out for high technology, film production, or biofuel development come at an expense to the state treasury and all other taxpayers who are not so favored with a tax incentive. (hawaiireporter.com)
  • Taxpayers should be concerned about the direction that the Tax Review Commission has taken as a review of the "cost drivers" of state spending is NOT a review of tax policy nor is it an evaluation of the state tax system. (hawaiireporter.com)
  • For those taxpayers who already have filed and figured their tax based on the full amount of unemployment compensation, the IRS will determine the correct taxable amount of unemployment compensation and tax. (eidebailly.com)
  • Emanuel needs state legislative approval of his plan, but GOP Governor Bruce Rauner wants to freeze statewide property taxes for two years. (taxpolicycenter.org)
  • Nevada's Brian Sandoval, elected with an anti-tax platform, is pushing to keep temporary tax increases in an effort to balance the state budget without raiding education. (prospect.org)
  • Utah county's property tax rate is among the lowest in the state and would likely remain so, officials have said. (sltrib.com)
  • Thousands of protesters marched through streets in Kenya's capital, Nairobi, and other towns, demanding the state abolish recently hiked taxes. (voanews.com)
  • How High Are State and Local Tax Collections in Your State? (taxfoundation.org)
  • A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. (taxfoundation.org)
  • More than half the states have raised taxes in 2009, and some of the increases will take effect on July 1, according to the Center on Budget and Policy Priorities, a Washington group that tracks state budgets and spending. (cnn.com)
  • Some 10 states proposed increasing personal income taxes and eight looked at hiking corporate taxes, according to the National Association of State Budget Officers. (cnn.com)
  • Property taxes are the single largest source of state and local revenue in the U.S. and help fund schools, roads, police, and other services. (taxfoundation.org)
  • Chicago Mayor Rahm Emanuel: Without school pension money from the state, property taxes will jump. (taxpolicycenter.org)
  • Baker thinks a 2012 state law that shifted teacher pension costs to local governments allows him to exceed local property tax caps to maintain school funding at levels required by the state. (taxpolicycenter.org)
  • The $8.75 billion spending plan being presented to the County Board Thursday also contains another bit of good news: After years of putting extra funds into its employee pension system thanks to a penny-on-the-dollar sales tax hike, the retirement program will have a projected 70.7% of the assets needed to pay promised benefits-a far higher funding ratio than city and state pension funds. (chicagobusiness.com)
  • Prop. 30 was creatively advertised and sold to the voters by a union, the California Teachers Association, which depicted it as a 'temporary' tax to support public schools," contends former Democratic State Senator Gloria Romero . (calwatchdog.com)
  • Nevertheless, many state political observers say that a tax extension, which could generate upwards of $11 billion in revenue, is likely to pass in 2016. (calwatchdog.com)
  • The spot then segues into Haley's 2014 State of the State speech, in which she vowed to "veto any bill that reaches my desk that raises taxes on gasoline. (fitsnews.com)
  • Property taxes gets divided up between 11 groups, with local school districts and state schools getting the most money at 34.4% and 29.2%, respectively. (heraldnet.com)
  • For example, when I drive to a grocery store, I drive on a private road, a county road, a federal Forest Service road, a state highway, and a city street, yet fuel taxes only go to the state," O'Toole said. (heartland.org)
  • The feds get the tax, but then pass it to the state. (heartland.org)
  • Under current rules, tax relief is paid on savers' pension contributions at the rate of income tax they pay, and income tax paid on the benefits. (telegraph.co.uk)
  • An ideal sales tax applies to a broad base of final consumer goods and services, with few exemptions, and is levied at a low rate. (taxfoundation.org)
  • some items, like clothes and shoes under $50, are exempt from the sales tax, while many luxury goods are taxed at an even higher rate. (taxfoundation.org)
  • Consider that last year Alberta introduced four new provincial tax brackets for personal income, raising the top rate from 10 per cent to 15 per cent. (fraserinstitute.org)
  • Almost simultaneously, the federal government introduced a personal income tax hike of its own, raising the top federal rate four percentage points. (fraserinstitute.org)
  • Due to the combined effect, Alberta's top combined income tax rate shot from 39 per cent to 48 per cent in a single year. (fraserinstitute.org)
  • Higher capital gains tax rate. (forbes.com)
  • If the tax hike passes, and it's not retroactive, he can opt out of the installment sale and take the gains all in 2021 under the lower rate. (forbes.com)
  • So, for example, someone who pays taxes at the top 37% rate, would no longer get deductions applied at that full rate. (forbes.com)
  • But tax statements won't be going up at the same rate. (heraldnet.com)
  • According to a Politico reporter, Pelosi pitched possibly raising corporate taxes and capital gains taxes on a conference call Tuesday. (breitbart.com)
  • Reduced capital gains taxes may especially be dragging down revenue collection. (zerohedge.com)
  • While no decisions have been made, multiple sources have told this newspaper that proposals under active consideration include aligning capital gains tax (CGT) with income tax, slashing pension tax relief, raising fuel and other duties, the introduction of an online sales tax and a simplification of the inheritance tax system. (telegraph.co.uk)
  • According to insiders, officials are considering proposals that would equalise capital gains tax and income tax rates. (telegraph.co.uk)
  • The "zero bracket" would expand, too: In 2016, married filers would owe no income tax on their first $15,500 of earnings, up from $15,000 this year. (taxpolicycenter.org)
  • In a progressive individual or corporate income tax system, rates rise as income increases. (taxfoundation.org)
  • the federal corporate income tax system is flat. (taxfoundation.org)
  • The twin personal income tax hikes from the federal and provincial governments are therefore bad news for Alberta's growth prospects. (fraserinstitute.org)
  • Individual income tax hike. (forbes.com)
  • California's temporary income tax hikes aren't set to expire until 2018, but that hasn't stopped Sacramento special interest groups from laying the groundwork for campaigns to extend Proposition 30. (calwatchdog.com)
  • California's $115 billion General Fund budget has become increasingly dependent on income tax revenue, which frequently fluctuates based on the stock market. (calwatchdog.com)
  • PETRI: The simple fact is that when our governor removes from the table of consideration broad-based taxes such as sales tax and income tax increases, this budget will resolve quickly. (wypr.org)
  • And Rep. Richard Neal (D., Mass.), his House counterpart, issued a statement backing the infrastructure plan without mentioning the taxes at all. (eidebailly.com)
  • The GOP senator's tax plan is vastly more regressive. (msnbc.com)
  • This yields vastly different effective tax rates depending on the length of the supply chain and disproportionately harms low-margin firms. (taxfoundation.org)
  • A tax credit differs from deductions and exemptions, which reduce taxable income, rather than the taxpayer's tax bill directly. (taxfoundation.org)
  • Indeed, it's not even a partisan point: Senate Minority Leader Mitch McConnell has also described Scott's blueprint as a plan "that raises taxes on half the American people. (msnbc.com)
  • In fact, excluding the tax hikes made the plan less popular , not more. (msnbc.com)
  • The new tax plan also increases corporate tax liability by nearly $500 million . (taxfoundation.org)
  • The federal plan would likely require a further tax hike on top of the $30 per tonne carbon tax that's already been announced by the Notley government. (fraserinstitute.org)
  • The Republican leader said that if the plan is 'going to have massive tax increases and trillions more added to the national debt, it's not likely' he would support it. (cnbc.com)
  • The Cook County chief relies on strong sales tax growth and federal aid in her $8.75 billion plan. (chicagobusiness.com)
  • Last week, the Center for Tax Justice released a report detailing the massive hit that low-income workers, many of whom live in or near poverty despite working full time, would take under the GOP plan. (demos.org)
  • According to CTJ, the GOP plan would force 8.9 million working families, with 16.4 million children, to pay a total of $7.6 billion in additional taxes -- or an average of $854 per family. (demos.org)
  • Under the plan, California residents earning more than a half-million dollars per year would continue to pay Prop. 30's higher income taxes until 2030. (calwatchdog.com)
  • Hell no … but her plan (for what it's worth) is a tax swap , not a pure tax hike. (fitsnews.com)
  • In a sign of possible trouble ahead, the head of Tsipras's junior coalition ally -- which has threatened to pull the plug on the government if the island tax breaks were scrapped -- did not add his signature to the reform proposals. (hurriyetdailynews.com)
  • Rep. Richard Neal, D-Mass., the chairman of the tax-writing Ways & Means Committee, said the proposals, taken together, would "expand opportunity for the American people and support our efforts to build a healthier, more prosperous future. (ktar.com)
  • Those tax proposals would fund a suite of far-reaching infrastructure projects. (cnbc.com)
  • Neal's proposals, which are sure to be controversial, will be his chamber's opening bid in negotiations with the Senate as they consider a menu of possible tax increases. (politico.com)
  • And not just because of confusion surrounding her tax proposals, but also due to her failure to articulate specific reforms to the S.C. Department of Transportation (SCDOT). (fitsnews.com)
  • One element of this reform would be to change how we tax capital gains," Brian Deese, the director of the National Economic Council, said at a press briefing, speaking about forthcoming tax proposals. (afr.com)
  • For instance, smokers in Colorado will now pay sales tax on their cigarette purchases. (cnn.com)
  • They cited a 2016 study from New Zealand , which found that low-income smokers who either can't or won't kick the habit following large tobacco tax increases face increased financial hardship, and so do their families. (medpagetoday.com)
  • We can't ignore this potential unintended consequence of large tax hikes for these smokers and their families. (medpagetoday.com)
  • Moreover, the provincial government has raised corporate income taxes and excise taxes on products such as alcohol and gasoline over the past few years. (fraserinstitute.org)
  • Under the bill, once the wholesale price of gasoline reaches $2.45 per gallon, the tax would change to 12 percent of the wholesale price, with a cap at 40 cents per gallon. (taxpolicycenter.org)
  • A grassroots group is taking S.C. governor Nikki Haley to task for her support of a gasoline tax hike - accusing her of flip-flopping on the issue. (fitsnews.com)
  • Interested in subscribing to the Daily Deduction, the Urban-Brookings Tax Policy Center summary of the day's tax news? (taxpolicycenter.org)
  • Tax hikes are coming fast and furious from both Edmonton and Ottawa and this flurry is bad news for Albertans and their still-fragile provincial economy. (fraserinstitute.org)
  • He said he believes the public wants lawmakers to make better use of the taxes that are already collected before asking them to pay more. (spokesman.com)
  • A GOP Governor Is Pushing Tax Hikes? (prospect.org)
  • Nevada Governor Brian Sandoval came into office with tough talk about taxes. (prospect.org)
  • Prince George's County's Rushern L. Baker, a Democrat, would like a 15 percent hike in property taxes -as well as layoffs and furloughs-to pay for schools, public safety, and economic development. (taxpolicycenter.org)
  • Kim said his administration has already cut costs and not being able to tap into the full one-half percent of the county's option on the GET could spell property tax hikes. (westhawaiitoday.com)
  • Just because a tax raises revenue is not a defensible reason to impose it. (taxfoundation.org)
  • The Notley government has already announced the creation of a carbon tax that will go into effect next year and will rise to $30 per tonne in 2018. (fraserinstitute.org)
  • In other words, tens of millions of American adults currently don't pay federal income taxes because they don't make enough money to qualify. (msnbc.com)
  • On personal income taxes, Albertans have also been hit-twice-in recent months by provincial and federal tax hikes. (fraserinstitute.org)
  • The Senate Homeland Security and Government Affairs Committee holds a hearing on errors in the Social Security Death Master File and incorrect federal tax payments. (taxpolicycenter.org)
  • The tax is charged on most everything, except for federal food assistance programs such as SNAP food stamps and the WIC program, prescription drugs and prosthetic devices. (westhawaiitoday.com)
  • Not only can companies in politically favored fields now avoid federal tax liability through nearly two dozen generous green tax credits, they can also sell many of the tax credits they accrue to other companies, giving many green companies negative effective tax rates. (zerohedge.com)
  • The ERC is a refundable federal tax credit that was created in March 2020. (zerohedge.com)
  • The reason for that is … at least 20 percent of federal gas tax revenue is not going toward roads and bridges. (heartland.org)
  • These are pet projects that completely throw out the window the concept of a user fee to fund federal road and bridge repair, which is what the federal gas tax is supposed to be. (heartland.org)
  • That is real money, real savings that a gas tax hike would take away in order to fund a bloated federal government that refuses to get its priorities in order," Chougule said. (heartland.org)
  • Gross receipts taxes are a prime example of tax pyramiding in action. (taxfoundation.org)
  • The budget allocates about $436 million in sales tax receipts to towns and cities to pay for reductions in local property taxes, though such policies can create perverse incentives to ramp up local taxes in other areas. (taxfoundation.org)
  • The city's gross receipts tax, or sales tax on purchases of goods and services, "ain't what it used to be," says Oscar Rodriguez. (taxpolicycenter.org)
  • However, there are some factors that are clearly at work, even if it's unclear how much of the drop in tax receipts each factor explains. (zerohedge.com)
  • The slowdown in the U.S. economy can't explain the full drop in tax receipts, though. (zerohedge.com)
  • For the second time in as many years, he's pushing to extend a group of temporary tax increases, rather than cut public-education funding. (prospect.org)
  • Some residents have been trying to avoid paying their 6.5 percent motor vehicle sales tax by registering their cars in sales-tax-free Montana. (taxpolicycenter.org)
  • A sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions. (taxfoundation.org)
  • A sales tax should exempt business-to-business transactions which, when taxed, cause tax pyramiding. (taxfoundation.org)
  • A sales tax is no longer enough in Santa Fe, New Mexico. (taxpolicycenter.org)
  • According to Emanuel , "Unless we are able to collaboratively pass legislation to modify our pension structure and put in place a smart funding formula, property tax bills will explode next year. (taxpolicycenter.org)
  • When the legislation was debated and passed, official estimates suggested that the bill's tax hikes would more than offset these green carve-outs. (zerohedge.com)
  • Chicago Mayor Rahm Emanuel wants to take the sting out of a city property tax hike. (taxpolicycenter.org)
  • Let the voters decide if they want to pay more property tax," she said. (sltrib.com)
  • A property tax is primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable, like vehicles and equipment. (taxfoundation.org)
  • It's not easy to sit down before you and say it is not there … an alternative is constantly going back to the property tax," Kim said. (westhawaiitoday.com)
  • They are not paying same property tax as our resorts are and those should be addressed first," Donoho said. (westhawaiitoday.com)
  • I got nothing on property tax relief, and I got nothing - I got nothing on how we're going to actually balance this budget. (wypr.org)
  • There are more than half a dozen tax hikes that could be used as revenue raisers in the bill. (forbes.com)
  • They were essentially peaceful protests against the cost of living and the recent tax provisions that have been introduced by the Kenya Kwanza government. (voanews.com)
  • In 2014, a lot of the major provisions of Obamacare come into effect, including the mandate tax and the "Cadillac tax" on high-value insurance plans. (pacificresearch.org)
  • The measure would impose Prop. 30's higher tax rates on those earning more than $250,000 per year - with the proceeds allocated in a slightly different manner. (calwatchdog.com)