Sentences with phrase «bite out of the tax»

If you're behind on a student loan or child support, the Bureau of Fiscal Service's Treasury Offset Program may be about to take a bite out of your tax refund.

Not exact matches

The U.S. doesn't have a VAT or a national sales tax — and given how enormous a bite such taxes take out of income in other countries, it's easy to see why they haven't gained traction in Congress.

It's becoming clear, though, that whatever compromise emerges from Congress, it will be a short - term fix, nothing more than a bit of breathing room for lawmakers to hatch out a better agreement on spending and tax reforms.

It'll be a bit out of date on some subjects, like tax, but the bulk of it is timeless, excellent, and unbiased.

Property tax, insurance, upkeep, H.o.A. dues, etc. on a paid off home can take a HUGE bite out of your Social Security check

Taxes on Social Security benefits take a further bite out of retirement budgets.

So, I do think that for people who have accumulated most of their retirement savings within the confines of some sort of traditional tax - deferred account, for the sake of just giving yourself a little bit of flexibility in retirement to not have to take required minimum distributions from the account, to have some withdrawals coming out tax - free, I think the Roth contributions can make sense.

In the past week alone, there has been quite a bit of speculation surrounding the actions of Chinese investors ahead of Lunar New Year, the expiration of bitcoin futures this week and resulting market manipulation, Ripple insiders selling / cashing out, Telegrams buyers moving to fiat, the and how large investors are treating tax implications for 2018.

Taxes take a good bite out of American incomes, too.

This feature comes in very handy especially with huge estates where tax would otherwise take a huge bite out of the estate's total value.

Restructuring charges combined with one - time tax expenses to take a huge bite out of Kimberly - Clark's earnings.

So instead the law would likely say that they expect a tax to be payed by these large company whenever they process a transaction for a US citizen (actual law would be a bit more complicated since someone living in Germany who buying a service from another German citizen who just happens to also be a US Citizen shouldn't be taxed, but the general idea of calling out which transactions the US claims tax on still applies...)

A reader got a bit of a laugh out of the following e-mails she received from a good government group promoting an upcoming forum on tax reform.

«David Cameron and George Osborne, meanwhile, say don't worry: immigration can be slashed, human rights redrawn, taxes lowered, the NHS protected, and we can have all the benefits of being in Europe while opting out of the bits we don't like.

Onondaga County legislators have knocked more than $ 1 million out of the $ 1.246 billion budget proposed by County Executive Joanie Mahoney, lowering property tax bills a little bit more.

Scott Stringer, the Big Apple's new comptroller, is ready to take another tax bite out of the city's wealthiest business leaders.

The government's flagship welfare scheme is full of hidden nasties - self - employed people could lose out under the minimum income floor, cuts to the work allowance have already bitten, and then there's George Osborne's infamous tax credit cuts.

While states like New Jersey and Florida are biting the bullet with budgets that keep spending in line with falling revenues, New York thinks it can tax and spend its way out of a $ 4.6 billion deficit.

At this stage I am still stuffing all sorts of bits of paper into my sock drawer rather than operating a neat and rigorous filing system, and the concept of a tax return sends me into a sweaty panic — but watch out for a forthcoming article entitled «tax for the incompetent».

So yeah, so that's what I was getting at is that it's not just a one thing that's gonna go wrong like we're talking about sleep today but there's many people that may feel like they're sleeping good but they still have all of those symptoms, so at point they need to zoom out a little bit and look at all these other things to make sure everything's in place, and at a certain point, if your adrenals are taxed regardless of the nutritional aspect, if you don't have some type of support system in place, it sounds like you're never gonna get better with that progesterone deficiency if you will.

Besides being a bit of a spaz and trying to get my life together (including trying to figure out my taxes — adulting is hard y ’ all), it has been a great week!

With the requisite eye candy provided by the three leads, and with quite a bit of potty humor, it's the kind of female - centric movie that many men won't find too taxing, but unless you are willing to give the movie a pass for running out of comedic steam about two - thirds of the way through, there just isn't quite enough for an overall recommendation.

The R / T Scat Pack would be even cheaper if it weren't for Uncle Sam, who takes a $ 1,000 bite out of your wallet for the gas guzzler tax.

I've read bits of Wen's work, but I'm not certain I am going to splash out $ 8 (tax) for a paperback.

In fact, your tax bill can take a big bite out of your retirement income.

However, state estate taxes, which kick in for estates valued at $ 1.5 million or less in several states, could take a big bite out of your legacy.

Yet, for many folks, the payroll tax takes a bigger bite out of their income than the federal income tax.

Finally, let's not forget that even if you end up getting the timing right and the hedged ETFs track their indexes perfectly, transaction costs and capital gains taxes can still take a significant bite out of your profits.

And when you sell the stock, figuring out tax liability can be a bit of a headache, since you'll be selling stock that you bought at lots of different prices, and each price point will mean a different amount of capital gains.

Our first installment focuses on the question that hits home right about this time every year: Are taxes taking too large a bite out of your investment income?

At the very minimum, you need to account for the bite that taxes, commuting, and professional expenses will take out of your paycheck.

Couple the viability of smaller companies with a huge amount of free business advice, a low base sales tax, and plenty of places to wear out a Starbucks card or stock up your party fridge, and you have a formula for taking a huge bite out of the Big Apple.

The tax filing took a $ 440 bite out of our income for the month.

By comparison, these expenses took a big bite out of Dave's estate, which had to sell valuable assets to pay the taxes and expenses that arose as a result of his death.

Investors don't realize how much of an advantage this is but taxes on your investment gains take a huge bite out of your returns over the years.

There's a good reason for that: Taxes can take a big bite out of returns.

A bit of advice that doesn't answer your question: «Moving to cash to ride out stormy markets» is most often a very bad idea regardless of the tax consequences.

But if you are just investing in traditional investments in a regular investment account, taxes can take a bite out of your investment returns.

The worst the government can do is raise taxes, which will take a bigger bite out of your savings when you withdraw it.

Taxes on Social Security benefits take a further bite out of retirement budgets.

I define «friction» as brokerage, spread and tax, all of which take a mighty bite out of performance.

• Taxes and Transactions costs: As in any investment strategy, taxes and transactions costs can take a bite out of returns, although the effect should become smaller as your time horizon lengtTaxes and Transactions costs: As in any investment strategy, taxes and transactions costs can take a bite out of returns, although the effect should become smaller as your time horizon lengttaxes and transactions costs can take a bite out of returns, although the effect should become smaller as your time horizon lengthens.

It's ultimately up to you to take some of the teeth out of your annual tax bite.

Since REIT dividends get taxed at the ordinary income level, when you are in lower tax brackets the fat yields easily make up for the taxes you pay, but as one climbs into higher tax brackets, taxes can start taking a pretty large bite out of those dividends.

Alas, nasty things like fees, commissions, and taxes also take a big bite out of returns.

Still, it illustrates the big bite that expenses and taxes take out of your profits.

If clients hold ETF investments outside registered accounts, taxes can take a big bite out of returns.

Property tax, insurance, upkeep, HOA dues, etc. on a paid off home can take a huge bite out of your Social Security check!

In regards to a Roth IRA, as others have pointed out, they are a bit of a gamble and you can't ensure that you will come out ahead at the end of the day in regards to taxes; however, you also need to take your own career goals into account when you make that decision.

All those years of maxing out RRSPs to generate a tax deduction on your earned income come back to bite you after 71, because you'll have to convert your RRSP into a Registered Retirement Income Fund (the other options are turning the holdings into an annuity or cashing out, but the tax consequences of the latter are horrendous).