Sentences with phrase «cent of one's income»

Twenty per cent of renters pay more than 50 per cent of their income on housing.

Today's help with the threshold is relatively small beer compared to the harm of the VAT increase - the poorest families spend nearly ten per cent of their incomes on VAT.

The top one per cent of income earners took about a third of all income gains in the decade from 1997 to 2007.

Today it earns about 60 per cent of its income from contract research.

Our estimate is that households currently pay about 2 1/2 per cent of income in required principal repayment, which brings their total debt servicing to 10 per cent of disposable income.

No matter how big the death benefit is - $ 50,000 or $ 50 million - your beneficiaries won't pay a single cent of income tax on the money they get.

Three - quarters of the rise of the top 10 per cent of incomes comes from a rise in the incomes of the top 1 per cent.

A new stress test was also introduced to ensure that debt costs are no more than 44 per cent of income for lenders seeking a high - ratio mortgage.

The lens design allows to transmit up to 60 per cent of the incoming X-rays to the sample.

Despite this reform, it is estimated that universities will still see around 20 per cent of their income disappear.

It gives you all the benefits of having a publisher without losing control, ownership or a cent of your income.

Urban workers pay 8 per cent of their income toward retirement; their employers add 20 per cent.

WHAT IT DOES: Canadian small businesses have been taxed at 11 per cent of their income up to $ 500,000.

By low income, I mean people in the bottom 30 per cent of the income scale.

Today roughly 10 per cent of each age cohort in rich countries receives more in a single inheritance than the lifetime income of someone in the bottom 50 per cent of income earners.

British retirees receive just 38 per cent of their income from government pensions, far less than German and Italian retirees; British retirees get 26 per cent from company pensions.

The information shows that across the whole sector, schools spend an average of 0.7 per cent of their income on training their teachers.

More than 85 per cent of this elite crowd moved up to an earning plateau in the top nine per cent of income earners.

«The [RO scheme] accounts for about 60 to 70 per cent of the income of renewable generators», says John Constable, Director of Research at the Renewable Energy Foundation.

More than 40 per cent of seniors in the tenth decile have earnings from employment, and income from this source accounts for 20 per cent of all income received.

In comparing total compensation, HR professionals use a rough guideline that benefits can total 20 per cent of income once you include vacation, health and pensions.

Many co-ops rely on federal subsidies to ensure that members pay no more than 30 per cent of their income towards housing costs.

While in 1970, 25 per cent of income generally went for rent, today, according to National Low - Income Housing Coalition reports, that percentage for many renters, especially the poor, has doubled.

«We can make changes that take away some of the subsidies that are going to the top one per cent or five per cent of the income distribution and get them to where they're really needed — those on low and middle incomes,» he said.

In 2015, Northern Irish farmers received 87 per cent of their income direct from European Union grants.

The dark material is a «forest» of vertical carbon nanotubes that absorb more than 99 per cent of incoming light.

Under the current CPP, employers and employees each contribute 4.95 per cent of income between $ 3,500 and $ 54,900.

After a sizable amount of cash value has built up, it can be borrowed against systematically to help supplement retirement income and in many cases, never pay one cent of income tax on the gain.

More than 60 per cent of the income gap was attributed to financial differences related to employment characteristics, such as hours of work and specialization, rather than areas such as position or type of firm / organization.

It has promoted President Barack Obama to make taxing the rich a priority during his administration by passing the Taxpayer Relief Act in January and proposed «the Buffett rule» requiring the wealthy to pay no less than 30 per cent of income in taxes in his 2014 budget.

Also, two - in - three small business owners (65 %) agree with the statement «The top one per cent of income earners in Canada don't pay their fair share of taxes.»

The government numbers show that it's only the top one per cent of income tax filers whose corporations will be affected by the changes but this change will still reap a windfall for federal coffers.

Some 80 per cent of its income comes from a single licence granted to Glaxo - Wellcome for atracurium, a muscle relaxant used in anaesthesia.

Income tax deductions equivalent to 100 per cent of the income for first five years, and 50 percent of the income incurred via such transactions for the coming five years, depending on the rules of the land, can be claimed by all the assesse.

«Income tax accounts for only about three per cent of the incomes of the poorest fifth of households.

This compares to 18 per cent of income up to $ 26,010 for the 2017 tax year.

Canada Mortgage and Housing Corp. (CMHC) states that a person who spends more than 30 per cent of their income on shelter can't sustain their residence.

«If you look at the top 1 per cent in the United States, in 2011 they had a combined income of 1.4 trillion dollars... if you raised one - seventh of one per cent of their income in additional revenue, that would obviate those food stamp cuts we're being told to make,» said Krugman of the House of Representatives» recent proposal to slash funding for government nutrition programs.

For the poorest 20 per cent among us, that's roughly 2.4 per cent of income; for the richest 20 per cent, it's barely 0.5 per cent.

On a mortgage of $ 225,000 and a gross income of $ 90,000, a one percentage point increase would increase monthly payments by $ 115, equivalent to 1.5 per cent of income.

A household with a $ 360,000 mortgage and a gross income of $ 63,000, for example, would have to pay an extra $ 180 monthly, around 3.5 per cent of income.

Household debt stands at 170.4 per cent of income.

In Ontario, mortgage payments account for roughly 60 per cent of income, according to BMO; if the trend continues another 24 months, that figure will hit 1989 levels — the same year the market crashed.

Aggregate housing costs are 64.6 per cent of income, the worst level since 1990, when interest rates spiked.

Paying for all of the costs associated with a detached home in the Vancouver area requires 121 per cent of median household income; for a condo, it's 46 per cent of income, making it Canada's least affordable city, according to economists at the Royal Bank of Canada.

«From 1980 to 2007, in that period, revenues from the top 1 per cent of income earners went from 1.6 per cent of GDP, to 3.1 per cent of GDP, a huge surge of revenues from the highest income earners,» he said, crediting tax cuts with generating that wealth during those years.