Sentences with phrase «big tax bills on»

In other words, whether the users claimed their coins or not, they could end up with nothing and big tax bills on their initial property «gains.»

Many conglomerates have been holding onto non-core assets because they didn't want to generate a big tax bill on the sale.

To be sure you've got the money to pay the big tax bill on your withdrawal when April 15, 2013 rolls around, you'd have to withdraw from your IRA $ 26,667 (if you're in the 15 % income tax bracket).

Once that happened, they faced a big tax bill on any sums they'd withdrawn over the years — undermining a key selling point for these policies when they were invented.

Not exact matches

Yum appeared to be intent on selling a 19.9 percent stake to avoid a big tax bill, the Journal said.

UK Chancellor Philip Hammond announced a crackdown on big tech firms which use complex, offshore tax structures to minimise their UK tax bill.

The GOP's tax plan contains a little - noticed tax hike on big earners that could add another $ 12,000 to their annual tax bill.

The bill would reduce taxes by about $ 1,600 on average in 2018, with the biggest benefit going to households making between $ 308,000 and $ 733,000, according to a recent analysis by the Tax Policy Center.

The GOP's tax plan contains a little - noticed tax hike on big earners that could add $ 12,000 to their annual tax bill.

There are three big ways the bill cuts taxes on businesses.

As the House of Representatives» tax committee put the finishing touches on its bill, momentum behind a Republican push for the biggest tax - code overhaul in decades was shifting to the Senate, where a separate proposal was set to be unveiled.

Massachusetts has the third - highest total tax burden, due in large part to big income tax bills on the state's high median household income of $ 70,954.

And the administration has made clear in recent days it will leave formal drafting of a tax bill to GOP leaders on the House Ways and Means and Senate Finance committees who have been part of the so - called Big Six negotiating group, which includes Mnuchin and National Economic Council Director Gary Cohn.

That's one reason to keep a well funded emergency fund that you can draw on in the event that your tax bill is bigger than you anticipated one year.

On the other hand, the 27 percent of taxpayers not receiving a refund may be getting the opposite — a big tax bill.

U.S. stocks took their biggest loss in five months Tuesday as a health care bill backed by President Donald Trump ran into trouble in Congress, which raised some questions about his agenda of faster economic growth spurred on by lower taxes and cuts in regulations.

Although Yahoo's board said it still believed that the company would prevail in any tax dispute, too many people on Wall Street were worried that challenging Uncle Sam over a possible $ 10 billion tax bill was just too big a risk, and those fears were depressing Yahoo's stock price.

And because you've prepaid the taxes on the Roth IRA, your beneficiaries won't be hit with a big tax bill when they receive income from the account.

The big football story of the week so far are the dawn «raids» on West Ham and Newcastle by the old «tax» bill.

Arlene Chval, who said that no plan has been proposed yet, noted that the park district has a big assessment on residents» tax bills.

«The loss of significant offshore oil and gas tax revenues as the North Sea runs down will have a big impact on our economy, jobs and balance of payments, with significant increases in household energy bills — and a very adverse impact on the legacy for future generations in an independent Scotland,» he told EnergyVoice.com.

Boehner also suggested that in the next Congress, the president could work with Republicans on a tax reform package and a big highway bill, while also pointing to the Keystone pipeline and the repeal of the medical device tax as items a Republican Senate could pass.

The plans for city regions to regulate bus services on the model of Transport for London were attacked by Martin Griffiths, the chief executive of Stagecoach, as an «uncosted and unnecessary plan [that] would land people in England's biggest city regions overnight with a tax bill running to hundreds of millions of pounds, as well as leading to higher bus fares.»

Repairs or rebuilds of homes are categorized as improvements - which are not subject to the state's 6 percent cap on how high a homeowners» tax bill can increase each year, so storm victims would've been socked with a big bill.

It renewed rent regulations for over a million apartments in New York City, authorized property tax rebates for 2.5 million homeowners on Long Island and upstate, restructured and extended a tax subsidy for the real estate industry — the biggest source of state campaign contributions — and authorized New York City mayor Bill de Blasio's control of city schools for another year.

No charges have been filed, but prosecutors are examining «substantial payments» from a tax firm that has helped some of New York City's biggest developers (who double as the state's top political donors) reduce the property tax bills on their holdings.

Citing stances the Senators have taken detrimental to the cause of working people, the flyers highlight: Protecting a failed tax system that favors the privileged at the expense of working people; increasing the tax on health insurance; siding with big corporations and against teachers and students to pass a Charter School Bill - with no real reform; creating a new Tier V pension; and attacking education by supporting an irresponsible property tax cap.

The Nassau County lawmaker, one of just two Democrats in the Long Island delegation — among whom property tax relief is a Very Big Deal (capitalization mine this time), called on Paterson to put his tax cap proposal in a budget extender bill to force the Legislature to choose between shutting down the government and passing the controversial plan.

A day before Republicans are expected to begin voting on their $ 1.5 trillion tax cut, the big question was not whether it would pass but why the lone Republican Senate holdout, Bob Corker of Tennessee, suddenly flipped his position to support a bill he once said was fiscally irresponsible.

As Republicans in Congress try to strike what could be the biggest blow yet to Obamacare — sticking a repeal of the individual mandate into their tax bill — even some on the right are starting to worry the GOP will own the issue going forward.

Cuomo issued what are called «messages of necessity» on his bill to create tax - free zones at public and private campuses and the bill to authorize the biggest expansion of gambling in New York in a decade.

Delgado said the real issue is corporate welfare because big industries are propped up with $ 100 billion in subsidies annually and the tax bill «only throws gasoline on the fire.»

«Biggest Tax Bill and Tax Cuts in history just passed in the Senate,» he wrote on Twitter.

«If it is true, as Rep. Messer says, that the big tax reform bill will not include a school choice component, then it is fair to say that a big new federal push on private school choice is dead,» Petrilli said.

Big school choice news yesterday in Illinois and Wisconsin: The Illinois House passed a tax credit scholarship program and a charter funding equity bill that is going to be voted on today in the Senate.

And because you've prepaid the taxes on the Roth IRA, your beneficiaries won't be hit with a big tax bill when they receive income from the account.

The entire system is rigged against the borrower and those who earn «too much», as I did, will not even be able to deduct any of that big student loan interest bill on their taxes.

In situations where those older shares had a much lower cost basis, you would've been on the hook for a bigger tax bill.

«This can be a big plus for single moms,» advises Bill Symons, president of Computer Accounting Systems in Oswego, N.Y. «Claiming an exemption for each child can greatly reduce a single mom's taxable income and in some cases, depending on her tax bracket, give her a bigger tax refund.»

Hopefully the bill wasn't too big, and at least the interest on the student loans are tax deductible

I was planning on putting my tax return towards my student debt but I was hit with a big vet bill the other day.

In effect, you're paying 22 % on the gain under the AMT and 15 % on the gain under the regular income tax, so a big capital gain can lead to a big AMT bill.

The only problem is that the Internal Revenue Service (IRS) requires conversion be done on a pro-rata basis, so you can be left with a big tax bill if your IRA has a combination of pre-tax and post-tax money.

Getting married will impact big things like your overall goals and plans, but also on everyday items like your tax bill.

However, the biggest cause of concern for most analysts is that the House wants to slash corporate taxes from 35 % to 20 % starting next year while the Senate wants the same tax cut but starting on January 2019, which is a full year away and stoked fears of a possible delay to the bill.

What's more, investing in solar energy systems, such as solar water heaters, can help you save money on utility bills and may even qualify you for a tax credit next year — leading to a bigger refund.

But a big chunk of their after - tax income is eaten up by their mortgage, the $ 3,900 in annual payments on their car loan, and a staggering daycare bill of $ 22,700.

However, the biggest impact of getting rid of the student loan deduction may be the impact on a borrower's overall tax bill.

Most people choose traditional IRAs because they can often get an immediate tax deduction on their current - year return, which results in a bigger refund or smaller tax bill right now.

It builds on other signs that common ground can be found on boosting community resilience to coastal and climatic hazards and even on renewable energy, as was illustrated in passage of a big spending bill in December extending tax credits for solar and wind energy (even as it ended the 40 - year - old ban on oil exports, a move with minor environmental consequences, as Michael Levi of the Council on Foreign Relations explained).