Sentences with phrase «in tax codes»

The previous government had committed to introduce the necessary provisions to provide for equal treatment in the tax codes for civil partners, but this was not possible due to the early election.

Personally, I'm in favor of abolishing the corporate income tax entirely and restoring the old «Millionaire's» tax brackets that were in place prior to Kennedy, then Ford, then Reagan cutting taxes left and right, coupled with the treatment of investment income as ordinary income in the tax codes.

«We have subsidies for all sorts of things in the tax code,» Sinai said.

At the same time, provisions in the tax code allow some American companies to pay much lower taxes than the statutory 35 % rate.

This relief is not a section in the Tax Code; it's the section in a 1978 law that created it.

But my point is we should be empowering families to make the choices they think are best for their kids, and that should entail ending discrimination in the tax code against single - income, two - parent families.»

And thanks to provisions in the tax code, you can do so without penalty if you follow the right steps.

Conservative pundits steeped in what George H. W. Bush, running against Reagan for the Republican presidential nomination in 1980, famously called «voodoo economics,» have retorted that Buffett and his limousine - liberal ilk should instead voluntarily pay more to the federal treasury, pointing out the existence of such a provision in the tax code.

Tim Delaney, National Council of Nonprofits president and CEO, discusses how changes in the tax code will impact charitable giving.

If companies follow the regulations spelled out in the tax code, investments made within the variable life policies will be given tax - free treatment.

Because of a safe harbor provision in the tax code, the IRS forgives many employers that label their employees incorrectly.

PEP and Pease are two provisions in the tax code that increase taxable income for high - income earners.

What I hope to have happen, with Senator McCain's leadership, is a bipartisan buyback of what's left on sequestration, using a Simpson - Bowles formula, where Republicans will generate some revenue by closing deductions in the tax code for the few at the expense of the many.

The budget also includes several smaller tax proposals such as eliminating marriage penalties in the tax code and introducing universal tax - free savings accounts, presumably on a revenue - neutral basis.

Matt Yglesias raises an important point here about conservatives who can't abide any increase in tax rates but will entertain raising more tax revenues through reductions of tax expenditures — that cool trillion or so we forgo in tax revenue each year through various favored activities in the tax code, like the mortgage interest deduction or the... Read more

There just aren't enough deductions in the tax code to make Trump's plan anything other than a giveaway to the wealthy.

Many preferences in the tax code phase out for high - income taxpayers — their value falls as income rises.

As with many things in the tax code, your ability to deduct an expense depends on its legitimacy, usually for business or medical purposes.

Of the many tax breaks and expenditures in the tax code, only one major one was eliminated under the bill.

When incomes are high, tax liabilities rise and eligibility for government benefits falls, without any change in the tax code or other legislation.

Indexation of the tax system: Annual adjustments to various parameters in the tax code to account for inflation and prevent bracket creep.

The changes in the tax code mark a departure for Republicans, who have traditionally praised the virtue of small businesses and the importance of reducing the deficit.

Republicans are considering repealing the coverage rule in the Affordable Care Act as a way to pay for far - reaching changes in the tax code.

Many Bay Area home buyers will be affected by this change in the tax code, more so than the rest of California.

In the tax code property is defined as any matter or thing capable of private ownership.

Credit unions, such as Plymouth, Mich. - based Community Financial Credit Union, have been communicating with borrowers, too, regarding the changes in the tax code relating to mortgage insurance premiums.

An annuity exchange is also known as a 1035 exchange, which refers to a provision in the tax code.

Many companies including Alphabet took advantage of this quirk in the tax code.

For the rest of us, let me catch you up on why 1202 is maybe one the largest give aways in the tax code today.

Municipal securities may also be subject to the alternative minimum tax and legislative and regulatory risk which is the risk that a change in the tax code could affect the value of taxable or tax - exempt interest income.

The mortgage interest deduction is expensive and is among the largest tax expenditures in the tax code.

What happens to the money when you cut government spending and special interest carve - outs in the tax code?

Since «the breakdown of marriage was not caused by changes in the tax code or divorce laws,» it is unlikely to be resolved by them.

«He's been a partner with us on many of the issues the last legislative session; the change in the tax code, the $ 75 million for the youth works program,» Mr. Camara said.

New York State does not have a revenue problem, Adams said, pointing to data from the state's Division of the Budget showing that total state tax receipts are up $ 2.2 billion this fiscal year and will grow another $ 2.4 billion in 2008 - 09 without any change in our tax code or regulatory fees.

«This has been in the tax code since it started, over 100 years.

One key change in the tax code is that New York will allow companies to pay a payroll tax instead of employees» income taxes.

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.

The league took advantage of a classification in the tax code allowing it to act as a non-profit business entity.

Obama urged Republican lawmakers to accept a deficit - reduction deal that includes reductions in so - called entitled programs, but also called for shifts in the tax code that would change rates for some higher - income brackets.

Especially when money going to oil companies, GE, and other large corporations through loopholes in our tax code could change the direction of those resources toward those who truly need it.

Pokalsky noted that the federal government is poised to reconsider some exemptions in the tax code that could include capping the amount of state income tax — which for wealthy New Yorkers is not a small number — that can be deducted from a federal tax return.

Instead of calling for higher gasoline taxes, his plan seeks to close corporate loopholes in the tax code to fund a $ 302 billion transportation bill for four years.

Meanwhile, in Australia, as summer temperatures hovered near 117 degrees Fahrenheit (47 degrees Celsius) and murderous flames converted forests into carbon dioxide, a new book entitled Overloading Australia: How Governments and Media Dither and Deny on Population issued an unusual ecological battle cry: ignore all admonitions to conserve the country's increasingly scarce water supplies until the government eliminates «baby bonuses» in the tax code and clamps down on immigration.

The teachers then walked out anyway, on behalf of an agenda that included, depending on who was talking, more funds for textbooks, non-teaching staff, and salaries; changes in Oklahoma's capital gains tax rate; other changes in the tax code; new hires at the State Department of Education, and more.

So, too, will changes in the tax code that indirectly affect the incentives for charitable giving, e.g., a much high standard deduction would reduce still further the proportion of taxpayers that itemize their deductions and, therefore, are affected by the charitable deduction.

If I had a gap like that described above, I could save on my taxes by going to the park or a hamburger stand instead of going home between A and B. I realize that strange loopholes like this do exist in the tax code, but I'm wondering if this is really one of them.

That creates a pro-debt bias in the tax code, which we are suffering from now.

By Jason Dinesen 2015-06-01T20:06:18 +00:00 June 2nd, 2015 Categories: Same - Sex Marriage and Taxes Tags: Filing Status, history of marriage in tax code, marriage

By Jason Dinesen 2015-01-20T05:13:07 +00:00 January 19th, 2015 Categories: Potpourri of Tax Topics, Same - Sex Marriage and Taxes Tags: Filing Status, history of marriage in tax code