Sentences with phrase «high income earners such»

Not exact matches

How can the government justify such a re-distribution of tax revenues to high - income earners?

Less publicly discussed but on the minds of many was an income tax hike on the state's highest earners, such as people making $ 1 million or more.

As a result, the Obama administration has proposed increasing «mandatory spending,» which designates money generated by selling federal assets or raising taxes (such as a proposed $ 10 fee per barrel of oil sold and increasing taxes on higher - income earners) to pay for specific programs.

In other words, when such a high - earner receives a cash bonus on top of the regular salary, those «last» dollars will be taxed at 53.53 %, as would interest income in non-registered investment accounts.

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

Furthermore, high wage earners are also subject to certain additional taxes, such as the Medicare Surtax, which is imposed on combined income over $ 250,000.

But for high - income earners who do save on taxes by itemizing their deductions, Jariwala believes the loss of such strategies will probably outweigh any «relatively small» hike in standard deductions.

High - income earners, such as physicians, surgeons, or any other person in the medical field, can find themselves underinsured and at risk for financial problems should they face a temporary or permanent disability.

• Income replacement • Cover your final expenses such as funeral and burial cost • Cover your mortgage • Pay for all your current and future financial debts • Business insurance such as a buy / sell agreement, key man insurance or to cover a sole proprietorship • Pay for your children's college education • Estate taxes for high income earners • Give to charity • Provide a financial Income replacement • Cover your final expenses such as funeral and burial cost • Cover your mortgage • Pay for all your current and future financial debts • Business insurance such as a buy / sell agreement, key man insurance or to cover a sole proprietorship • Pay for your children's college education • Estate taxes for high income earners • Give to charity • Provide a financial income earners • Give to charity • Provide a financial legacy

Without such limits, the proposal would be a boon for the highest earners — about 70 percent of pass - through income flows to the top 1 percent, according to the nonpartisan Brookings Institution.

But as much as sending the IRS a bigger check hurts like hell, higher earners can economically absorb such a hit better than a lower income earner with much less disposable income.