Sentences with phrase «get big tax breaks»

As Bloomberg News reports, the Tax Reform Act will be very good for rental property owners and landlords if they do business via pass - through entities — real estate investment trusts, partnerships, limited liability companies, and S corporations — all of which are set to get big tax breaks in the Act.

These small companies get big tax breaks thanks to the Canadian Exploration Expense program, but they donâ $ ™ t have earnings to pay tax on, so they donâ $ ™ t need the credits.

They probably wouldn't, unless they could get their big tax breaks from IDAs.

Taxpayers who qualify as real estate professionals generally have been able to get a bigger tax break for those losses, which could prod some people to try passing as one for tax purposes.

The tax argument isn't that if you have lower tax rates the wealtheir would give more to get a bigger tax break, but that they would give more because they have more to give and would do so freely.

Yet there's an upside to this reality: Interest on a home loan is deductible on your taxes, so early on you will get a big tax break that dwindles as your equity rises.

The premise behind investing in an RRSP is that during retirement, you will have a lower income and thus pay less tax when you withdraw money compared to when you put the money in (and thus getting a bigger tax break).

There's another way to get a big tax break while giving to your favourite cause.

If you drive more than 10K miles a year, it's likely you'll get the biggest tax break if you claim the standard mileage deduction

If your employer offers a 401k and 403 (b) retirement plan, you will get the biggest tax break if you participate to the maximum amount allowed.

Not exact matches

If your home would rent for $ 4,000 a month, the implicit tax break you get is a lot bigger than someone living in a home that would cost $ 1,000 a month.

Goldman Sachs won't be getting as big of a break from tax reform as it had anticipated, delivering another blow to its shareholders.

Governments generally get a much bigger stimulus bang for their buck when they spend directly on projects, such as roads and bridges, rather than giving cheques or tax breaks to individuals, who may choose to bank the money instead of spending it.

Business owners» views on tax fairness is also demonstrated in their reactions to certain statements: More than three - quarters (77 %) agree with the statement «Government civil servants get the biggest breaks by far because of their tax - supported pensions.»

If the only reason you give money is to get a tax break you are losing big time.

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.

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.»

Companies get tax breaks, but he says that's not where the «big dollars» are going.

De Blasio said passing the mansion tax would «even up the score» for wealthy people and big corporations likely to get a tax break courtesy of President Trump and congressional Republicans.

«It means while all of us are struggling to shoulder our share of the Governor's burden, his «special interests» — the wall street bankers, real estate tycoons and ultra rich business owners who make up his Committee to Save New York - will get a great big tax break!»

In the end, the Governor and the state legislature came together in December and quickly passed a bill restructuring the tax code so that millionaire's wouldn't get as big of a break as they had been expecting — creating roughly $ 1.5 billion more in revenue.

«The biggest contributors to Gov. Cuomo are those who are getting contracts and tax breaks for developments in Syracuse,» Hawkins said.

«Only a particular type of industry can come in, in a particular type of place, that's next to a SUNY campus, and then you got to have all these checkmarks on a big form to then maybe qualify for a tax break.

The billionaire hedge fund managers who give million - dollar donations to elite private schools and privatized charter systems want new taxpayer - funded subsidies for their private donations — tax breaks even bigger than they get now.

«This is a very big tax break and the companies that aren't getting it want to be reassured,» he said.

Potential Tax Benefits: As I've mentioned before, I'm not a big fan of buying something just to get a «tax break&raquTax Benefits: As I've mentioned before, I'm not a big fan of buying something just to get a «tax break&raqutax break».

So to get the biggest break, make sure that enough is taken out to get both you and your spouse to the top of a lower tax bracket.

And if you live in one of the states that offers a state income tax break for contributions, you can potentially afford to make a bigger contribution without affecting your monthly budget, allowing you to get an even bigger head start.

My wife likes to live in a big fancy house with sky high property taxes, drive fancy BMW's that get horrible gas mileage, buy fancy clothes to put in her huge closet, wear diamond bezeled Rolex watches and take MULTIPLE fancy vacations every summer (this summer it was SoCal, Detroit / Harbor Springs / Mackinac Island, Tampa / Clearwater, Blue Ridge Mountains, North Carolina, and headed to Charleston in August) and again for Spring Break (SoCal) and Christmas Break (Florida).

«We [Arriga, along with the investor's attorney and CPA] finally convinced him to put down only 50 percent and to get a low - rate U.S. mortgage, which also gave him a big tax break.»

Ross says, «A bigger topic is in getting the TAX break for buyers fees when moving further than 40 kms.