Sentences with phrase «extra tax some people»

The alternative minimum tax (AMT) is an extra tax some people have to pay on top of their regular income tax.

Not exact matches

«Because the only other way you can get extra money to go in, if you wanted the same number of people, the same kind of teaching, would be to take it from working people through their taxes.

Rudy Giuliani, for one, seems to think that given a tax deduction, a lot of people insured through their workplace will shift to private policies on principle, sucking up the extra cost at first, but ultimately driving the price down so the uninsured can eventually buy in.

The extra money that's freed up from the offsetting cut to personal income taxes is now available to be spent on anything else a person wants to buy.

- People with high incomes will be subject to a higher capital gains rate of 20 %, plus an extra 3.8 % Net Investment Income Tax (not shown here) as part of the new healthcare law.

So to make this «equivalency» math work, one must assume this person will not only invest the pre-tax $ 5,500 into a traditional IRA, but then also diligently invest the «extra» after - tax $ 1,375 into a taxable side account.

Self - employed people have to pay extra taxes unlike traditional employees do.

A traditional IRA is a good option for self - employed people, e.g. freelancers or entrepreneurs to save for retirement and avoid paying extra taxes.

So the IRS allows people 50 and older to contribute an extra $ 5,500 to a tax - advantaged 401 (k), 403 (b), and most 457s government thrift savings plans.

The rich people did not get rich by being stupid, they will just tack the extra tax cost onto the price of their product / service.

If all these people want extra money to help the poor then TAX THE CHURCHES!!!

Asked whether he thought some residents would oppose the idea, he told Premier: «I think that whilst there is a resistance recognised by all policy makers about imposing extra taxes on people, I have a funny feeling that all of us have our consciences touched by seeing the huddled form of homeless people on the streets.

«Lots of people are paying the very highest council tax and I suppose that # 800 or so extra per year can be absorbed into what they already pay.»

The church and its endemic corruption was a joke to all thinking people, extracting extra taxes via linking your salvation to money — grabbing schemes.

«People who don't pay the taxes that they should undermine the economy, damage our public services and place an extra, unfair burden on hard - working families and companies who play by the rules,» Liberal Democrat chief secretary to the Treasury Danny Alexander said.

Workers would have to earn over # 10,000 a year to see the extra # 700, but raising the personal allowance would see four million people taken out of income tax altogether.

Or you can start a business - It's still viable to run a business even with 80 % of your product being taxed because you're paying almost zero overhead for labor, and you can save up your UBI / pool it with other people, earn extra with jobs to pay for the original hardware.

A poor person that doesn't pay INCOME taxes doesn't pay income taxes because they haven't earned the money to do so... meaning there isn't extra money laying around to «buy» a vote next time.

If you paid for example 1000 coins of tax from 10000 coins salary, you won't mind paying 1500 coins of tax from 20000 coins salary while you have people in the country who try to survive out of 10 coins, and they will be happy if they can keep 1 extra coin every month by deleting their taxes.

DeFrancisco — one of several lawmakers who expressed interest in expanding the scope of issues in a final deal — pointed to legislation to help people afflicted by flooding along the shores of Lake Ontario, as well as the need by this fall for the Legislature to extend the extra sales taxes.

At issue is the Conservatives» plan to raise the inheritance tax threshold to # 1m, which both Mr Clegg and Gordon Brown says would reward the richest 3,000 people with an extra # 200,000.

Neal Lawson, chair of the centre - left thinktank Compass, said: «A hypothecated tax for the NHS could do three things: provide essential extra funding, get round the loss of trust in politicians and provide confidence that the one national institution people still believe in has a future.»

We have put forward a 5 point plan to get demand and growth back into our economy — including tax breaks for small businesses taking on extra workers, a temporary VAT cut, and a tax on bank bonuses to fund 100,000 jobs for young people.

These are the people who stand to benefit the most, by tens of thousands of pounds each, although some of them will already be paying CGT at a reduced rate of 10 % because of a tax break known as entrepreneurs» relief and therefore will not see any extra benefit.

A new Survation poll for Labour List of 1,037 people shows that 72 % of the public are in favour of the policy to fund the NHS to the tune of # 2.5 bn extra a year, partially using taxes against tobacco companies and mansions as well as closing loopholes.

The Tory tax cut for the richest is being paid for by extra taxes on older people and families.

The states where pot is legal have seen millions of dollars in extra tax revenue and saved even more by putting fewer people through the criminal justice system, James said.

Local government needs to be in touch with our community, people don't want to see their tax dollars paying for community «extras» when they have no «extras» at home.

Because the last few tax cuts have followed financial crises, poorer people may have used the extra income to increase their cushion by building up assets or paying down debt.

But people will less often think sentences containing an extra word, such as «The tax law benefitted from the businessman,» are incorrect, implausible as they may seem.

But David Gauke, the Conservative's chief secretary to the Treasury, criticised the Lib Dems for not informing people about the tax rises they would bring in to fund the extra cash.

An unfair aid formula forces rural districts such as Lodi to seek via referendum extra taxes from their people.

Mileage is 28/38; but to get to a typical Hybrids mileage you wind up spending more up front (even before adding the extra sale tax and compound interest) which pushes your «break - even» beyond the average time people keep a car.

I have people who buy through Smashwords just because that's been a place all along that sold to every country without any extra taxes.

Many people prefer making an extra payment when they get their tax refunds.

For those making less than $ 50,000, the extra contribution room could make TFSAs preferable to RRSPs, Coleman says, because RRSPs aren't as tax - efficient for people paying less tax.

TaxAct is also appropriate for people who will pay extra for professional tax advice.

Tax Saving options India's taxation makes salaried people feel as if they spend on an extra family member.

Self - employed people have to pay extra taxes unlike traditional employees do.

A traditional IRA is a good option for self - employed people, e.g. freelancers or entrepreneurs to save for retirement and avoid paying extra taxes.

But I don't think the $ 670 per person in tax savings from this measure (if at the top of the income band in that bracket) will come close to making up for the extra taxes that will be paid on taxable accounts that will be slower to convert to TFSAs.

Some people plan for their income tax returns long before they even file, while others use the extra funds to spend on larger purchases or plan for upcoming vacations.

The Alternative Minimum Tax (AMT) is an extra tax that some people are required to pay in addition to their regular income tTax (AMT) is an extra tax that some people are required to pay in addition to their regular income ttax that some people are required to pay in addition to their regular income taxtax.

«It's great for rich people with lots of money who have non-registered portfolios and need an extra tax shelter,» said Mr. Heath.

When you factor in childcare (a big one), paying for all of the mileage and gas on two cars, buying lots of expensive clothes for work, paying extra taxes (remember there are no taxes on saving, only income), and buying ready - to - eat and restaurant meals because your both too busy and tired to cook, many people find that you have more free cash flow with one working spouse and one spouse taking care of the children and household than two income families.

Most people who apply for a loan on tax refund money need extra cash now.

(That extra figure is for people with incomes above $ 214,000 [filing taxes individually] or married / filing jointly incomes above $ 428,000.)

Nearly all tax preparation software packages impose an extra charge for preparing state income tax returns, but the costs are much lower than those for in - person tax preparation.

But he also notes that «most people don't take the extra step and invest the tax savings.»

We provide income tax loans for people who need a little extra cash and who know that they can count on getting a tax refund, eventually.