Sentences with phrase «alternative income tax planning»

Not exact matches

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

On the individual side, the plan would consolidate individual income tax rates to four brackets of 12, 25, 35, and 39.6 percent ($ 1.1 trillion) and repeal the Alternative Minimum Tax, or AMT ($ 696 billiotax rates to four brackets of 12, 25, 35, and 39.6 percent ($ 1.1 trillion) and repeal the Alternative Minimum Tax, or AMT ($ 696 billioTax, or AMT ($ 696 billion).

The Republican - controlled state Assembly passed Gov. Scott Walker's $ 504 million property and income tax cut plan on Tuesday, rejecting a Democratic alternative that spends more on job training and reducing property taxes.

Although the alternative minimum tax (AMT) was intended to apply to high - income taxpayers who take advantage of loopholes (called «tax preferences» in professional lingo), it can also apply to middle - income taxpayers who haven't planned their taxes thoroughly enough.

Like Trump's original plan, this new plan would reduce the corporate tax rate from 35 percent to 15 percent, eliminate most business tax breaks, tax carried interest as ordinary income, impose a one - time deemed repatriation tax on profits held abroad, repeal the estate tax, and eliminate the corporate and individual Alternative Minimum Ttax rate from 35 percent to 15 percent, eliminate most business tax breaks, tax carried interest as ordinary income, impose a one - time deemed repatriation tax on profits held abroad, repeal the estate tax, and eliminate the corporate and individual Alternative Minimum Ttax breaks, tax carried interest as ordinary income, impose a one - time deemed repatriation tax on profits held abroad, repeal the estate tax, and eliminate the corporate and individual Alternative Minimum Ttax carried interest as ordinary income, impose a one - time deemed repatriation tax on profits held abroad, repeal the estate tax, and eliminate the corporate and individual Alternative Minimum Ttax on profits held abroad, repeal the estate tax, and eliminate the corporate and individual Alternative Minimum Ttax, and eliminate the corporate and individual Alternative Minimum TaxTax.

Under one version of the proposal, about 1 million families would be hit with a 4.3 percent surtax on income over $ 500,000, which would raise enough money to permit Congress to abolish the alternative minimum tax for millions of households earning less than $ 250,000 a year, according to Democratic aides and others familiar with the plan.

«This RBI's decision might encourage hawala trading or illegal remittances and keep bitcoin / crypto trading out of the purview of income tax authorities which was difficult to do earlier — Exchanges asks for proper KYC for any customer to buy / sell crypto from their platform, now people will find alternative ways to do that — Some exchanges are even thinking to move out of the country (many have already planned),» he adds.