Aspo Oyj (HEL:ASPO) reported on Wednesday that the administrative lawsuit initiated by Telko, a wholly owned subsidiary of Aspo Plc, concerning the surtax
imposed by Customs has been processed and is now final.
"This is an important point to underscore because these catch-up payments mean FY19 will essentially include 18 months of CBT surtax
payments in a 12-month period," Muoio testified.
Fitch has also affirmed the 'AA' ratings on approximately $1.4 billion of transit system sales surtax
revenue bonds, series 2008, 2009A, 2009B (federally taxable - build America bonds), 2010A, 2010B, 2012, 2015, and 2017.
If approved, the a surtax
would be charged to market the corridor, provide amenities in public areas and pay for supplemental maintenance and security services.
Marge anticipates that such a gain would be taxed at a 20% rate, as well as the 3.8% surtax
on net investment income.
The Medicare surtax
imposes an extra 0.9% tax on wages, compensation and self-employment earnings over a minimum level.
In a study titled Feasibility of Levying a National Surtax
on Real Property, the National Tax Research Center (NTRC) said the surtax
or additional tax on land, building and machinery was practicable, relative to ease in administration, considering the wide application of property taxation.
If the sections of the legislation imposing a surtax
on insurance company auto insurance premiums fails, or the provision permitting the present Property-Liability Guarantee Association to "lend" monies to the newly-created Auto Guaratee Fund (created to pay off the JUA deficit) fails, then almost half of the funding to be used to pay off the JUA deficit will have disappeared--and it may be necessary to revive the "DOA" JUA (with, of course, another name).
* There is one minor change to the Medicare surtax
rates: The threshold for the 3.8 percent Medicare surtax
on investment income and the 0.9 percent Medicare surtax
on earned income will remain at $200,000 for single filers, $250,000 for married filing jointly, but for trusts and estates, the threshold rises to $12,300.
If you weren't made aware of this in last year's tax plan, you might want to educate yourself on the 3.8 percent surtax
that applies to net investment income for taxpayers whose modified adjusted gross incomes are above $250,000 for married joint filers and $200,000 for single filers.
TUNIS (TAP) - The National Constituent Assembly (NCA) adopted, Thursday, articles 28 to 31 of the Supplementary Finance Bill for 2014, providing for the "decision of surtax
for the state budget" an initiative considered by a number of NCA members as a burden for the middle class.
The second surtax
is a tax of 3.8 percent on unearned income (such as dividends and interest) for taxpayers with an adjusted gross income in excess of $200,000 or $250,000 for married couples (unindexed).
Levens points out that 2013 is the first year for two new "surtaxes
" under the Affordable Care Act, which is making an impact--one is for the .9 percent on earned income and another is 3.8 percent surtax
on net investment income.
30 year end, in which case the 3.8% surtax
would not be imposed until the tax year beginning Dec.
The new surtax
is also imposed on the undistributed net investment income of an estate or trust whose adjusted gross income (AGI) exceeds the dollar amount at which the highest tax bracket for an estate or trust begins.