Sentences with phrase «get a tax break at»

The problem is the mortgage interest deduction is a way for those who have more to get a tax break at the expense of everyone else.

Not exact matches

Through 2010, S corporations beyond the seventh year of this so - called «built - in gains holding period» get a break: the taxes on realized gains, normally paid at the highest corporate tax rate before being taxed once more on an individual return, are waived entirely.

On the topic of taxes, getting Section 179 and the bonus depreciation break extended is at the top of the wish list for rural communities in battle ground states like Arkansas, Kentucky and Iowa, Moore explained.

(And the self - employed get to do this twice, although they at least get a tax break on half of the payment).

Fundamentalist Islam is at war with the West and its values of intellectual and civil freedom and democracy — and it actually takes advantage of those liberties to advance its Jihad «holy war» by using tax breaks for religions to erect edifices or get subsidies for large Muslim families that are used to sway Western democracies, and, yes, suing for the right even to build a fundamentalist mosque at Ground Zero.

For the record, it limits the ability of all candidates to raise money as most big donors are throwing money at getting their tax breaks or government hand - outs ensured.

(Onlyin California have country clubs gotten a break on real estate taxes: a yearago voters approved an amendment to assess club land at the rate specified forrecreational purposes rather than at building value.)

* finally, when the Tories introduce their # 150 marriage tax break through transferable allowances (which 1 in 3 married couples will get, though double - earner households won't), that will also be lost by anybody who gets it at the same point, exacerbating further this marginal rate issue at that point.

Assemblyman Francisco Moya, a Queens Democrat who's running for the NYC Council, simultaneously claimed primary residences at two different addresses to get a mortgage and a tax break — prompting his ex-con opponent, former Sen. Hiram Monserrate, to blast him as a «liar» and a «fraud.»

Cuomo has been adept at raising millions of dollars from interests whose businesses are impacted by Albany actions — labor unions, real estate developers, business executives, the health care industry, charter school backers, government contractors, and the film and TV companies that get tax breaks for filming in New York.

When you look at the big picture, the banks got their tax break and the wealthy got their estate tax cut, but New Yorkers got shortchanged.»

«If those are their issues, it's insane their bad performance art is aimed at an administration that is fighting to ensure millionaires don't get a tax break, that indigent legal services is extended statewide and — unlike the previous proposal — is actually funded and is pushing the Legislature to sign the homeless MOU that we signed months ago,» said Cuomo spokesman Rich Azzopardi.

They include looking at how luxury real estate developers got a tax break secretly buried in a law passed last January, and they refer to e-mails from a trade association that sponsored a fundraiser for Assembly Democrats that specifically said contributions of $ 10,000 per attendee were necessary to get favorable laws enacted and stop «terrible» ones from happening.

The Empire Center broke the news this week that the state Department of Taxation and Finance is working on an unincorporated business tax that might allow partners at law firms and investment banks and similar high - paying places to get around the federal limitation on deducting state and local taxes.

We here at the CapTon nerve center (AKA the former bowling alley that is now YNN's Albany HQ on Watervliet Avenue Extension) tasked the intrepid Mr. Whittemore to get Sen. John Bonacic on camera explaining why he had broken with his fellow Republicans on extending the millionaire's tax.

That's why he's chomping at the bit to get this passed and enacted BEFORE the current rates sunset at the end of the month, because then he can say that everyone got a tax break, thanks to his «fair» restructuring of the tax code.

He took action after the New York Daily News reported that at least three clubs are getting huge annual tax breaks.

That is, Republicans may be hoping that without the break on federal taxes I was getting for my high property, city and state taxes, I may vote to reduce taxes — and thus spending — at all levels of government.

Three people familiar with the commission's deliberations told Capital that rather than an income - tax cut, which was hinted at by committee co-chair and former governor George Pataki, committee members are instead focusing on some sort of property tax «circuit - breaker,» where individuals would get a break on local levies if their property taxes were adjudged to be too high as a function of their income.

A Queens Assemblyman and City Council hopeful who simultaneously claimed primary residences at two different addresses got a federally backed mortgage at one and a city tax break at the other, records show.

If the GM owner gets the tax credit and the Toyota driver doesn't then you are looking at 14 + years to break even.

Despite the fact that employment numbers from 2010 show that more than 50,000 people worldwide — a number that surely has increased in the last three years as the online retailer has grown — got up each morning and went to work thanks to Amazon, Daunt's accusations are leveled at the way the government is allowing companies like Amazon to enjoy publicly - funded tax breaks while taking jobs from the same working citizens who funded those breaks.

Remember, most people get a tax refund, but the goal really is to break even (that means withholding enough through the year to balance at tax time).

If they did get a tax break say 30 years ago when they started to contribute it is much less value than at today» stax rate 30 years later AND they are also paying the tax on the interest that accumulated for 30 years.

You get no initial tax break, but all future earnings and withdrawals are tax - free as long as your account has been open at least five years and you are at least age 59 1/2.

Note that Canadian dividends will get you a nice tax break at all income levels, but the benefit is especially large if you're in a lower tax bracket.

Roth IRAs get their tax break via tax - free withdrawals at retirement; traditional IRAs, on the other hand, deliver their tax benefit via a deduction early on.

Basically, as long as you invest in a longevity annuity that meets certain guidelines and is designated as a QLAC, you can invest up to $ 125,000 or 25 % of your 401 (k) or IRA account balance (whichever is less), delay receiving payments until as late as age 85 and get a nice little tax break, namely, you don't have to include the cost of the QLAC in calculating RMDs, or the required minimum distributions you generally must start taking from retirement accounts starting at age 70 1/2.

IRAs let you save for retirement and get a current tax break, and with 401 (k) plans at work, many workers benefit not only through their own savings but also from the extra money that some employers put toward their employees» retirement through employer matching or profit - sharing contributions.

So you have the opportunity to bail, and get a tax break, if you do it right after you bought and you're selling at a loss because of the front - end loads.

I also get that state tax break, and at the 6 % tax bracket, that's an extra 6 % return in the year I make the contributions.

One Mile at Time recently reported that Iberia's taxes and fuel surcharges are often far below BA's, meaning you can redeem your Avios to get to Europe without breaking the bank.

You ask me, and individuals should get at least a 50 % tax break on residential solar projects, and businesses should get a huge property and income tax break for investing in green energy (and by this I mean wind, solar, and hydro...» clean coal» is a farce).

Especially that he will have to stay at his current local pilot job that doesn't pay well in order to make me happy by being home more and also allow us to possibly get this once in a lifetime tax break..