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A commuter tax is a tax (generally on either income or wages) levied upon persons who work, but do not live, in a particular jurisdiction. The argument for a commuter tax is that it pays for public services, such as police, fire, and sanitation, received by and beneficial to people who work within the jurisdiction levying the commuter tax.
The alternative minimum tax (AMT) is a federal tax imposed on certain individuals, estates, and trusts in addition to the regular income tax. It is calculated by adding disallowed items and credits to regular income and taxing it at 26% or 28%, with a higher exemption than the regular tax.
The MTA is a public transit authority in New York City and its suburbs, operating bus, subway, rail, and bridge and tunnel services. Learn about its history, structure, services, and challenges from this comprehensive Wikipedia article.
Hofstein said it reminds him of the “metropolitan commuter transportation mobility tax,” a 2009 payroll tax put in place on employers and the self-employed not only in NYC, but Long Island and ...
Learn how employers can provide tax-free transit, vanpooling, bicycling, and parking benefits to their employees under section 132 (a) of the Internal Revenue Code. Find out the history, eligibility, limits, and tax savings of this federal tax incentive.
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To calculate sales tax, multiply the total cost of the product by the sales tax rate levied in... Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...
Learn about the federal, state, and local taxes imposed on corporations in the US, as well as the tax rates, rules, and exemptions. Find out how corporate income is calculated, reported, and distributed, and how it affects shareholders and other stakeholders.
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