Sentences with phrase «gain substantial tax»
If you are eligible for an HSA, in relatively good health, and you or your employer are able to make regular contributions to your account, you can gain substantial tax benefits over time and eventually withdraw the funds for medical costs or out - of - pocket costs that you're likely to incur during retirement.
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WASHINGTON — Because of substantial wage growth, bonuses, and other positive economic factors, the Republican tax law is gaining in popularity with the American public after initially negative reviews, which is becoming a problem for Democrats looking to run on a cohesive economic message in 2018.
Avoid doing things that cause unnecessary taxation, such as frequently trading investments and incurring substantial short - term capital gains tax, which have higher rates than longer - term investments.
The «loss» of tax revenue from non-taxable capital gains won't show up for years and decades in any substantial way.
UCU believes big business should be taxed for the substantial benefits it gains from a plentiful supply of graduates and has proposed a modest Business Education Tax for the top 4 % of companies - those who make profits of over # 1.5 m a year.
Ms Hunt added: «Lord Browne and the government must look seriously at the idea of taxing big business for the substantial benefits it gains from a plentiful supply of graduates and using that money to expand, rather than reduce, opportunity to study.»
It's worth pointing out that a substantial minority of Lib Dems are very keen on ideas such as Land Value Tax which would directly address many of the problems arising from asset inequality, in particular the fact that land owners can often make substantial gains in wealth as a result of public works funded out of the income and consumption taxes paid by those of substantially less wealth than themselves.
Such a move would generate substantial economic efficiency gains from reduced congestion, reduce the tax levied on the majority of miles driven, leave many (particularly rural) motorists better off, and provide a stable long - term footing for motoring taxes without necessarily raising net additional revenue from drivers.»
«People who are very wealthy, particularly payers of capital gains tax, people on very high incomes who get substantial income relief under the income tax system should pay more, in order that poorer people and indeed people on middle incomes are lifted out of tax altogether.»
In addition, economic modeling demonstrates that SHELL gene testing will confer substantial annual economic gains to the oil palm industry, to Malaysian gross national income and to Malaysian government tax receipts.
However, tuning and the all - important inclusion of two single scroll turbochargers brings its output to 425 horsepower and 406 pound - feet of torque, at the same time gaining substantial fuel economy to avoid a gas guzzler tax.
But you could still use this strategy to eliminate a substantial amount of tax, even if your adjusted gross income puts you at the 15 % tax rate for long - term capital gains.
While the capital gains tax elimination is substantial, it's only part of the story.
In the event of required asset sales, substantial capital gains taxes could be incurred.
This activity has two costs: brokerage commissions and substantial capital gains taxes.
And, since his investments made a substantial gain, he will realize appreciable tax savings in the initial year.
In the discussion of private placement life insurance, it is easy to forget that after all is said and done and you've gained income tax advantages by utilizing this strategy, you've also purchased a substantial death benefit for your heirs.
A charitable remainder trust may allow you to make a substantial gift to charity, avoid capital gains tax, and provide regular income for you and your family.
Capital gains distributions must be made by a mutual fund manager because tax law dictates that substantial portion of investment income and capital gains must be paid to investors.
Home ownership is one of the most common ways people gain a substantial increase in net worth, said Crystal Stranger, an enrolled agent and president of 1st Tax, a nationwide tax firm that serves small businessTax, a nationwide tax firm that serves small businesstax firm that serves small businesses.
What can prevent an investor from selling can be fear of the tax implications of selling at a substantial gain, costs incurred by commissions, anxiety of missing perceived future gains or uncertainty of where to place cash in an environment of continuing market highs or cash low returns.
You eliminate the 10 % penalty in a cash account but if a gain is substantial, the IRS will ask for a quarterly estimated tax.
The only bright side is that the fund has a substantial embedded tax loss (Morningstar estimates about 17 %) so liquidation would partially offset taxable gains elsewhere in an investor's portfolio.
In addition, the fund could be required to recognize unrealized gains, pay substantial taxes and interest, and make substantial distributions before requalifying as a RIC.
Notably, as with any policy that has a substantial loan, the taxable gain will still be based on the gross cash value (before repayment of the loan), which means it's possible that most / all of the cash value proceeds will be consumed by the tax liability for any gain.
In the discussion of private placement life insurance, it is easy to forget that after all is said and done and you've gained income tax advantages by utilizing this strategy, you've also purchased a substantial death benefit for your heirs.
However, now that tax season has rolled around, these big gains come with substantial reporting requirements.
Because it has substantial evidence that cryptocurrency investors have been making capital gains on their virtual currency trades and not properly reporting them on their tax returns.
In particular, we are interested in any practical issues that may impact on taxpayers» abilities to calculate and substantial any capital gains and losses for capital gains tax (CGT) purposes.»
Essentially, the official announcement states, «In particular, we are interested in any practical issues that may impact on taxpayers» abilities to calculate and substantial any capital gains and losses for capital gains tax (CGT) purposes.»
Individuals who bought cryptocurrency with the proceeds of unlawful activities; Individuals who accepted or converted other forms of currency into cryptocurrency to conceal income or assets from the IRS; Individuals with substantial unreported cryptocurrency income and / or gains; Individuals who derive all or most of their income from cryptocurrency (e.g., bitcoin miners); and Individuals who will continue to stick their head in the sand and fail to bring their unreported cryptocurrency into tax compliance, as some unreported foreign accountholders still do.
During the tax debate, the National Association of REALTORS ® was able to secure substantial wins for residential and commercial real estate, including retention of the rules for the exclusion of capital gain on the sale of a principal residence and preservation of 1031 like - kind exchanges for commercial property owners.
With careful planning and sound legal and tax advice, real estate investors may be able to build their portfolios without paying substantial capital gains taxes.
Many of New York's apartment owners have held their properties for a long time, so they could generate substantial gains against which they would face big - time taxes.
With careful planning, Section 1031 and Section 121 of the Internal Revenue Code (IRC) provide opportunities to shield - if not eliminate - substantial capital gain taxes when selling a primary residence converted to a rental property and a residence with an office.
«This year, it could be substantial,» says Graff, who recommends reviewing your investment portfolio to find potential losers that could be sold to offset the 15 percent capital gains tax.