Sentences with phrase «high tax bills»

But for many investors, any income gains could be muted by a high tax bill unless they take steps now to minimize their taxes.

In fact, millions of people stand to see higher tax bills because of the elimination or curtailment of deductions such as one for state and local taxes, according to the Joint Committee on Taxation, the nonpartisan official scorekeeper for Congress.

Translation: for Wind River, there's no reason to price software sold in France, for example, so high (and to keep costs so low) that the company's French subsidiary earns higher profits and pays a higher tax bill than its U.S. counterpart does.

Moreover, to pay this higher tax bill the small business will have to first generate additional profit, perhaps by cutting back on external labour.

A solid economy and robust stock market have created appreciated assets that can be donated to charity to offset higher tax bills.

Once again, ETF companies are making their year - end distributions, leaving investors with a little extra cash in pocket — and a higher tax bill.

Instead, they would face higher tax bills, a potential pitfall in selling this plan to the public and to enough lawmakers for it to pass.

Each paycheck, we DCA into various accounts (retirement and non-retirement); sporadically, we'll lump sum when we come across a larger pile of cash (bonus time to reduce a higher tax bill, a reimbursement check, etc).

Homeowners in high - tax states or with high - priced properties are most likely to see the brunt of the new tax plan, suffering higher tax bills as a result.

As a result, property owners in high - cost, high tax areas will see higher tax bills.

While tax rates may indeed be lower for many taxpayers, those who have enjoyed benefits from itemized deductions and personal exemptions may face a higher tax bill going forward.

Match of the Day presenter Gary Lineker is the latest BBC star to be linked with an astonishingly high tax bill having investing in a series of controversial tax break schemes, according to The Sun.

STATEN ISLAND, N.Y. - Homeowners who repaired their homes hit by Hurricane Sandy will no longer be on the hook for higher tax bills - Gov. Andrew Cuomo signed a bill Thursday paving the way for $ 4 million in property tax relief for storm victims.

Going forward, the same quirk in the tax code still exists - meaning homeowners who fix up their homes later this summer, or have Build it Back fix their home, will be subject to higher tax bills next July.

In the meantime, tenants in large rental buildings, who often bring in less than half the income of the aforementioned co-op and condo owners in wealthy neighborhoods, are more likely to be black or Hispanic — and get slammed with disproportionately higher tax bills.

If he accepts that savings can be made through investment in insulation, why, when households will face higher tax bills for years to come, is he resistant to our policy, which would give every home in the country an entitlement to # 6,500 - worth of immediate energy efficiency improvements, paid for from the savings that people make on their fuel bills?

Democrats argue that's a bad deal for average taxpayers, saying the elimination of deductions and the personal exemption would, for many voters, result in higher tax bills.

Imagine, she says taxpayers who find out in March or April that they can no longer deduct their state and local taxes, and have to pay a higher tax bill.

Senate Majority Leader Mitch McConnell, R - Ky., asked whether the Senate's proposed repeal of the property tax deduction could bring higher taxes for some middle - class Americans, acknowledged there would be some taxpayers who end up with higher tax bills.

They said this ushered in an exodus of top earners and saddled the middle class with higher tax bills.

It's the taxpayers who have been hemorrhaging and the higher tax bill is extracting even more blood.

Counting on the support from the ally, Governor Dannel Malloy, the charter school industry is intent on leaving Connecticut public schools will fewer resources and Connecticut residents with higher tax bills.

If that's the case, it's worth being wary of the options list, which is long and expensive; the more you add to the «P11D» value of your X5, the higher your tax bill will be.

Once you qualify, your investing success becomes more important, since any increase in your net investment income, means a higher tax bill too.

She's living comfortably on this income for now — mainly because she's debt - free — but soon her income will increase substantially when forced withdrawals from RRSPs kick in, meaning higher tax bills.

As Armstrong says, «it may be worthwhile paying a little bit more taxes today to avoid a much higher tax bill and clawback of income - tested benefits in future.»

While preferable to foreclosure, short sales still leave the borrower without a home or equity, and may result in a higher tax bill.

In addition to that, you would have to pay a higher tax bill for them than for capital gains.

If you find that's the case, you may want to limit the amount you convert to avoid a higher tax bill and possibly undermine the benefit of a Roth.

You could be left with a higher tax bill if you choose the wrong one.

Home prices in many Canadian neighbourhoods have soared lately, which could eventually lead to higher tax bills.

Each paycheck, we DCA into various accounts (retirement and non-retirement); sporadically, we'll lump sum when we come across a larger pile of cash (bonus time to reduce a higher tax bill, a reimbursement check, etc).

What so many don't understand is that higher inflation rates usually mean higher tax bills.

With some cards offering a 0 % intro rate for over a year, this is a good way to ease the pain of a high tax bill.

If you have a card that requires a high minimum spend to get extra bonus points in the introductory period of the card, a high tax bill could easily help cover that amount.

Clayton Closson of Quicken Loans advises homebuyers to do their research so a high tax bill won't take them by surprise.

Therefore, higher - income investors (with theoretically higher tax bills) are likely to benefit more from municipal bond yields than individuals in lower tax brackets.

A higher tax bill.

You don't want to stick yourself with a higher tax bill in the future for the sake of lower taxes today.

We also received a D in regulation and taxation because of «steep investment taxes» levied on fund management fees and a high tax bill on investment returns.

Those lucky enough to negotiate a debt settlement with their credit card company will receive a higher tax bill whereas credit card debt discharged in bankruptcy is not taxable.

While not a cost employers would have to incur, some employees may incur a higher tax bill due to the elimination of all individual tax deductions, besides the home mortgage interest and charitable donations deductions.

But selling them at an inopportune time can cost you even more money, not to mention a higher tax bill, and also put a dent in your future financial goals such as retirement or college planning.

However, if you do claim a high number of allowances on your W - 4, and then end up with a high tax bill on your tax return, that is another story.

If you have a credit card that requires a high spending minimum to qualify for extra bonus points, a high tax bill could easily cover that amount.

Other funds might defer capital gains into later years, creating a larger distribution and much higher tax bill for you.

While avoiding a high tax bill?

That will generally mean a higher tax bill.

If you owned this type of high - turnover fund outside of a tax sheltered account, you could face a high tax bill.

So while our early retirement account efforts work their magic, we're doing a short - term sprint in non-retirement accounts (though still contributing to retirement accounts via DCA for full matches and lump sum investments during bonus time to lower the higher tax bill).