Sentences with phrase «for additional income tax»

If an individual invests up to Rs. 20,000 in specific infrastructure bonds, then he is eligible for additional income tax rebate in India.

But, if you have other sources of income, you may be able to increase your the withholding on income from a job to account for the additional income tax and self - employment taxes you might have to pay.

Not exact matches

Put another way: For every dollar of corporate income tax disbursed, companies paid an additional $ 1.09 in non-profit type taxes, $ 0.70 in other payments to governments, and $ 3.15 collected from customers and employees, and remitted to governments.

Income above that threshold is subject only to the 2.9 percent Medicare tax, and earnings above $ 200,000 ($ 250,000 for married couples filing jointly) also get hit with an additional 0.9 percent Medicare tax.

Because of this, individuals can not deduct contributions to a Roth IRA on their taxes, and there are additional income requirements for a Roth IRA.

For example, for single tax filers, the American Opportunity Tax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional incoFor example, for single tax filers, the American Opportunity Tax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional incofor single tax filers, the American Opportunity Tax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional incotax filers, the American Opportunity Tax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional incoTax Credit phases out evenly over a $ 10,000 range, so its phaseout rate is 1 percent per $ 100 in additional income.

NDP commitments include a two point cut in the small business tax rate (already implemented by the Conservatives); extension of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a different phase in); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per cent of Gross National Income (GNI).

NDP promises include a two point cut in the small business tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.

Additional revenues for income tax cuts could also be found by eliminating income splitting for high - income families with children under18 (about $ 2 billion), and by eliminating many of the unfair and unnecessary «special» tax breaks (about $ 1.5 billion) introduced by the Conservatives.

We've also given Congress the flexibility to add an additional top rate on the very highest income earners to provide even more tax relief for working people.

A return of premium rider is available for an additional cost, but the income from these vehicles will be taxed as ordinary income in the same manner as other types of annuity payments.

An ATO Area Developer («AD»), will be rewarded by earning additional revenue from commissions for new offices sold (year - round) and a share of the tax preparation revenue of its Sub-Affiliates (passive income during tax season).

If you live in New York City, there's an additional income tax rate as high as 3.876 percent, for a total of nearly 12.7 percent.

The government proposes to change its rules for taxation of passive investment to account for this initial imbalance, charging an additional tax on passive investment income held by businesses when that income is distributed as dividends.

Beginning this week, the IRS expects to make refunds available in bank accounts or on debit cards for early filers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit.

How much you pay in federal income taxes depends on factors including your marital status, how many allowances you are eligible for and how many you claim, how much your annual salary is and if you choose to have additional tax withheld from your paycheck.

The Additional Child Tax Credit is designed for lower income individuals who were unable to take advantage of the full Child Tax Credit because they did not owe enough tTax Credit is designed for lower income individuals who were unable to take advantage of the full Child Tax Credit because they did not owe enough tTax Credit because they did not owe enough taxtax.

You could, for example, take withdrawals from a traditional IRA until your taxable income reaches the top of a tax bracket, and then take additional money you need from a Roth IRA.

Specific policies include a Canada Employment Credit and Tax Fairness Plan to reduce taxes for working families and seniors; tax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilitiTax Fairness Plan to reduce taxes for working families and seniors; tax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilititax credits for public transit, kid's sports, textbooks, tools, and apprentices; increased support to the provinces and territories to create new child care spaces; increasing the Senior Age Credit amount by an additional $ 1,000; and allowing income splitting for caregivers of family members with disabilities.

This additional taxable income may push you into a higher tax bracket and may also reduce your eligibility for certain tax credits and deductions.

The form contains sections that require taxpayers to disclose their taxable income for the year in order to ascertain whether additional taxes are owed or whether the filer is due a tax refund.

Closing that gap further with taxes on high earners would eventually require more than doubling the payroll tax rate for high earners (assuming no additional money from investment income, as capital gains would already be past their revenue - maximizing limit), bringing the total tax hike to about 25 percent for those earners.

Senator Sanders, for example, would pay for his plan by applying the 12.4 percent payroll tax (currently imposed on the first $ 118,500 of wages) to all income above $ 250,000 and then applying an additional 6.2 percent tax on investment income above that level.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

If a person has additional money to set aside for retirement, an annuity's tax - free growth can be beneficial, especially if the investor is in a high - income tax bracket.

For those of you who also feel your income taxes are too high and don't need additional income, this post should be of particular interest to you.

KARPOWER deal also exempts the seller from all applicable taxes including personnel income tax (a practice common according to internal agreement), however the Government Consent and Support Agreement guarantee is an additional support offered for this Project.

The former director of Lake George Watershed Coalition has been charged with three additional felonies for allegedly failing to claim $ 72,000 in income on his personal income taxes.

Tentative deals have been reached on parts of a new state budget, including about $ 1 billion in additional funding for public schools, a work - around for some higher - income New Yorkers to reduce the impact of new federal tax deduction limits, and a freeze on what Albany sends to local governments around the state.

in the past, and Hochul raised it again in a statement criticizing Collins» proposal: «If the Collins amendment passed, the state would need to raise income taxes or the counties would have to forgo their share of sales tax in exchange for the state picking up the additional Medicaid costs.»

The idea has been floated by some county leaders in the past, and Hochul raised it again in a statement criticizing Collins» proposal: «If the Collins amendment passed, the state would need to raise income taxes or the counties would have to forgo their share of sales tax in exchange for the state picking up the additional Medicaid costs.»

Everyone has been asked to fill out a detailed questionnaire, which, as CapConf's Jimmy Vielkind has reported, asks for a pledge of support on a host of key WFP platform elements, including: Closing the so - called LLC loophole, a bonus tax or additional income tax surcharge, and extending the rent laws.

The Labour leader declared # 1,850 in additional income, but was fined # 100 for submitting his tax return a week late.

The higher tax rates — including a 10.32 percent rate for the roughly 100 people with New York taxable incomes over $ 100 million annually — will bring in about $ 5.6 billion in additional annual revenues for the state.

Cuomo's plan includes $ 1 billion more for schools and the extension of an additional tax on New York's highest income earners, known as the millionaire's tax, in order to pay for education spending and close a $ 3.5 billion budget gap.

Any additional income makes it harder for de Blasio to keep an upper hand during labor negotiations, as well as press Governor Andrew Cuomo for the income tax hike for pre-K, which Cuomo opposes.

If he believes that the state's tax structure is a job - killer and one of the chief reasons why upstate New York remains mired in a permanent recession, he ought to ask for broader tax cuts, including a decrease in the state's personal income tax rate, which tops out at nearly 9 percent (that does not include the additional tax burden placed on city residents, who pay up to 3.8 percent in personal income taxes.)

Just look at what happened to the OBR's projections for the public finances over the 12 months between the chancellor's spending review in autumn 2010 and the autumn statement in November 2011: — # 17.8 billion wiped off VAT revenues — # 51.2 billion off income tax revenues — # 30.9 billion off corporation tax revenues — an additional # 34.7 billion in unplanned spending on tax credits and social security benefits.

He says they'd have to pay $ 294 more dollars in additional federal pay roll taxes, nearly $ 3000 in additional state and federal personal income taxes, and would receive $ 1300 less in earned income tax credits for the working poor.

The Greens make no bones about who will pay for it — they will introduce a 2 % wealth tax on the top 1 %; a Robin Hood tax on financial transactions; increase corporation tax from 20 % to 30 %; increase fuel duty on aviation; impose an additional 60 % top rate income tax band and a plethora of other measures.

«I'm a progressive who knows where the money is — the rich got it,» he said, calling for the state to adopt additional taxes on high - income earners to make his agenda possible.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

The additional taxes affect those making more than $ 300,000 a year, with the rates growing higher for incomes over $ 1 million, and the highest rate for those making around $ 2 million or more.

The state is slated to bring in additional revenue this year from the income tax reform that was enacted in December at the urging of the UFT, the Strong Economy for All coalition and others.

Among the question topics were his reaction to the pre-K funding contained in the state budget agreement and the absence of his proposed income tax surcharge, what funding has been provided in the state budget for the middle school after school portion of his initiative, the outlook for his as yet unfulfilled request for state approval of additional red light cameras in the City and the lingering pain of Bill Buckner's bobble in Game 6 of the 1986 World Series.

The additional taxes affect those making more than $ 300,000 a year, with the rates growing higher for incomes over $ 1 million, and the highest rate for $ 2 million or more.

Cuomo's plan includes $ 1 billion more for schools and the extension of an additional tax on New York's highest income earners, known as the millionaires» tax, to pay for education spending and close a $ 3.5 billion budget gap.

Hawkins said the whole package of tax reforms he is advocating will generate about $ 30 million in additional revenue for the state while providing tax relief to low - and middle - income people.

A chapter amendment submitted late last night repeal language that would have allowed wealthy and middle - income school districts the option of using some of the additional state aid provided in the two - way deal for either tax relief or restoration of programs.

The fiscal impact for states is projected to accumulate significantly over time as the increase in individual incomes generates additional revenues from income tax receipts — projected to increase by $ 700 million, in present value terms, over the 16 years of implementation according to the North Carolina projection.