Sentences with phrase «current tax code»

* Under current tax code, death benefit proceeds go income tax free.

Current tax code for single and married is $ 150,000 income.

However, current tax code doesn't consider student loan payments as part of those qualified expenses.

Under current tax codes life insurance cash values grow tax deferred and policy loans are tax free and do not have to be repaid as long as the policy remains in force until the insured's death.

Trump riffed that closing loopholes and reducing the complexity from the tax system might cost him personally, but said that the complex current tax code «disadvantages ordinary Americans who don't have an army of accountants while benefitting deep - pocketed special interests.»

«America's current tax code places a costly and unnecessary burden on middle - class families.

As part of the process, they outline their argument and make the case why a certain asset class should be considered real property based on current tax code interpretation.

It could be levied under the current tax code without requiring significant new infrastructure or enforcement bureaucracies.»

There is ton of lip service being paid to the importance of small businesses in the United States, but it seems the current tax code may be making it more difficult for these types of companies to thrive.

For simplicity, let's just talk about the current tax code for a moment.

Under the current tax code, you can set up your sandwich shop as a «pass - through» entity.

Republicans also repealed the 20 percent corporate alternative minimum tax, which was set up in the current tax code to ensure that corporations paid at least some taxes.

Ryan characterized the plan as critical to simplifying the current tax code and allowing the U.S. economy to grow even faster.

The current tax code explicitly excludes overnight camp families from qualifying for CDCTC.

The current tax code discriminates against single - income households.

She says addressing the inequalities in the current tax code is fairer then keeping a surcharge that's directly targeted at millionaires.

Cuomo and legislative leaders said the agreement cuts or maintains all tax rates compared to the current tax code, which includes a temporary surcharge on New Yorkers making more than $ 200,000.

Compared to the current tax code (i.e., under the «millionaire's tax»), married / joint taxpayers earning between:

While he believes the current tax code is broken, the legislation would remove the state and local tax deduction.

He also called for the Empire State to lead efforts to «repeal and replace» the legislation and said the state was in the preliminary stages of restructuring the current tax code, researching a shift from an income tax system to statewide payroll tax system.

Elizabeth Lynam, with the budget watchdog group Citizens Budget Commission, says reducing inequities in the current tax code and reexamining all the tax brackets is a much better plan, not just «plunking in» one bracket or simply extending extra taxes on the richest New Yorkers.

The bottom line is that any compromise that allows taxes - any compromise that does not extend the current tax code to everybody is a tax increase.»

The current tax code sets no limits.

Our current tax code is set up so that most people are given a free tax deduction from the federal government called the «standard deduction.»

While I personally favor individual stocks with high dividend yields, I must admit that the current tax code makes it far favorable for companies to retain earnings than to pay out dividends.

Under the current tax code, mortgage interest on first and second homes is generally deductible as long as these loans total less than $ 1.1 million, making homeownership one of the best ways to trim your tax bill.

Unlike the current tax code system which is designed to progressively tax people at a higher rate as they earn more money (at least that is how it is supposed to work unless you're super wealthy like Warren Buffet, George Soros, or Bill Gates who's «long term capital gains» are taxed at a much lower percentage) a flat tax applies a consistent tax rate to virtually all US citizens regardless of their income.

The current tax code calls for a portion of Social Security income to be taxed when other income is earned.

The current tax code disqualifies individuals that earn a gross income of $ 80,000 or more and married couples that earn $ 160,000 or more.

We, therefore, enthusiastically support reforming the current tax code and welcome the fact that both the President and Congress do so as well.

Unfortunately, the current tax code doesn't allow it.

Under the current tax code, life insurance proceeds, if properly structured, go income tax free to the beneficiary.

* Under the current tax code, death benefit proceeds go income tax - free.

Under the current tax code life insurance cash values compound tax deferred which can be an appealing alternative to standard brokerage accounts because of the tax savings.

Tax laws vary by State and do change, so check with your tax professional for current tax codes.

Under the current tax code life insurance cash values accumulate on a tax - deferred basis, and withdrawals are tax free.

President Clinton has no tax reform agenda beyond cleaning up and improving the current tax code.

He adds that according to Zillow's calculations, under the current tax code, itemizing and claiming the mortgage interest deduction is financially worthwhile on an estimated 44 percent of all U.S. homes.

According to the Big 6's framework for tax reform, changes to the current tax code would eliminate important provisions, such as the state and local tax deduction, while nearly doubling the standard deduction and eliminating personal and dependency exemptions.

According to the Big 6's framework for tax reform, changes to the current tax code would eliminate...

Under the current tax code, the entities themselves are not taxed, and the taxes are paid by the partners at individual tax rates as high as 39.6 percent.

The current tax code makes this distinction, and is unlikely to be on the chopping block in the tax reform discussion.

The current tax code allows for the cost of rental apartment buildings to depreciate over 27.5 years and up to 39 years for other commercial real estate.