Sentences with phrase «deferred income taxation»

Not exact matches

So, a divestment of his specific blend of ownership assets and deferred liabilities would trigger not only a huge tax bill, but, also result in the taxation at ordinary income tax rates.

401 (k) plans typically enable you to make contributions out of your paycheck on a pre-tax basis, so you can defer taxation on your income while growing your retirement savings on a tax - deferred basis (Calculator: College Savings).

My view is that people should be taxed according to their increase in net worth, and at a flat rate, but with no ability to defer income from taxation.

And that is because of loopholes in the tax code for social engineering purposes, but even more for the ability to defer taxation of what should be income.

And, as with other types of life insurance coverage, the growth of the cash value is tax deferred, and the death benefit that is received by the beneficiary will be free of income taxation.

If you have a significant amount of income and assets, life insurance estate annuities help defer this taxation upon withdrawal and payment.

Also, pass - through tax treatment (which had already applied to sole proprietorships and partnerships) meant that owners had to pay tax on the income as it was earned, unlike the shareholders of C corporations who, in the words of Tax Foundation economist Kyle Pomerleau, «can defer the taxation on their share of corporate income as long as the corporation retains its earnings or if the shareholder does not realize a capital gain on his stock.»