Sentences with phrase «breaks for the lowest earners»

Mr Scott pointed to income tax breaks for the lowest earners, tackling bankers» bonuses and restoring the link between pensions and earnings as key Lib Dem achievements within the coalition.

Not exact matches

1) you don't get much in terms of immediate tax break because your marginal tax rate is low 2) you end up locking up money in plans that you can't touch until you are 59 1/2 3) social security replacement rate versus your income is relatively high versus the replacement rate for higher income earners.

What I was implying was that it's easy for a low income earner to invest via a taxable account early on (when the tax benefits are minimal / non-existent) and not benefit from the tax breaks of NISAs when their income rises and they may be saving income / capital gains tax.

So both of those factors, lower interest rates today, and the fact that people are living longer, really strengthen the case for at least the higher earner in a couple to delay Social Security to age 70, the probability that they'll live beyond that break - even age, to make it a good idea, it's well above 50 %.

It offers an array of temporary tax breaks for individuals and other types of businesses — including rate cuts that will tend to favor the highest earners and an increased standard deduction that benefits low - and middle - class workers.