Sentences with phrase «income people generally»

Not exact matches

The IRS also has a Volunteer Income Tax Assistance program for people with disabilities, limited English or those who generally make $ 54,000 or less, and Tax Counseling for the Elderly for those age 60 or older.

There has been a public debate about whether Canadians will have sufficient income in retirement given that generally people live longer, that there are more people of retirement age and that savings rates are low debt levels high.

Chapter 7 generally is for people who lack enough income to repay their debt and have little in the way of assets.

If an entity or arrangement treated as a partnership for U.S. federal income tax purposes holds shares of our common stock, the tax treatment of a person treated as a partner generally will depend on the status of the partner and the activities of the partnership.

Generally, the person who receives income payments from the annuity.

Because of the limitations of Internal Revenue Code Section 162 (m), we generally receive a federal income tax deduction for compensation paid to our chief executive officer and to certain other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any fiscal year or is «performance - based» under Code Section 162 (m).

He noted that — since spending on hockey generally comes out of people's disposable income — money not spent hockey games would be likely spent on other forms of entertainment.

Based on the limitations imposed by Code Section 162 (m), we generally may receive a federal income tax deduction for compensation paid to our Chief Executive Officer and to certain of our other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any year or is «performance - based» under Code Section 162 (m).

2 A «collective investment scheme» (as defined in Schedule 1 to the SFO) generally has four elements: it must involve an arrangement in respect of property; participants do not have day - to - day control over the management of the property; the property is managed as a whole by or on behalf of the person operating the arrangements, and / or the contributions of the participants and the profits or income from which payments are made to them are pooled; and the purpose or effect of the arrangement is for participants to participate in or receive profits, income or other returns from the acquisition or management of the property.

NOW People who own small businesses of various sorts generally pay income taxes based on the normal rate for individual taxes.

Volunteer Income Tax Assistance and Tax Counseling for the Elderly: Free tax help to people who generally make $ 54,000 or less, persons with disabilities and limited English - speaking taxpayers who need assistance.

«That indicates that people are generally looking to buy SPIAs to generate income right now,» not sometime in the distant future.

for example, that the dignity of all persons ought to be respected, that tolerance is a virtue and discrimination is abhorrent, that peaceful resolution of conflicts is superior to violence, that generally truth - telling is superior to lying, that democratic government is morally superior to totalitarianism and authoritarianism, that one ought to give a day's work for a day's pay, that saving for one's own and one's country's future is better than squandering one's income and relying on others to attend to one's future needs.

The study found that outside of race, people generally are friends with people just like them — specifically when it comes to education level, income and political party affiliation.

Essentially people like spending more on the NHS, they generally dislike paying more taxes (YouGov also asked if people would support keeping income tax, NI and health spending the same — people supported that too!).

«The idea is that over time, peoples» incomes wages, salaries, other incomes would rise enough to offset that two percent a year and that over time, taxes generally would become more affordable.

«Through this move, the chancellor will lose about # 1bn a year in duty and VAT income, but tens of thousands of people will be saved from being forced to give up their cars against a backdrop of generally rising running costs.»

Other sociological work has shown that low - income people are generally able to reach other individuals with low incomes, but not those with high incomes.

If Superdate offers securities in the United States through Regulation D, Rule 506 (c) in the future, the offer and sale of such securities will only be made to «Accredited Investors,» which is generally defined for natural persons as persons having a net worth of over $ 1 million (exclusive of the value of their primary residence) or gross income in excess of $ 200,000 individually or $ 300,000 jointly with a spouse in each of the last two years with the same expectation to match or exceed such thresholds in the current year

It is generally believed that high income equals to high quality people.

While rich men dating sites connect rich men with quality women, mainstream dating sites are generally for all people, and rich men dating sites verify users» income level, education background, photo and age to ensure a community of high quality daters.

Some CMOs are creating opportunities for low - income and minority students that people didn't generally think were possible, and they have shown the results can be replicated.

People choose where to live, and small districts are generally more homogeneous than large districts with respect to income, ethnicity, religion, and cultural values.

It is generally assumed that the process is complete once a young person receives their college acceptance letter, but without further guidance and support from schools over the summer, many kids just don't make it: «low - income families seem to have a harder time navigating... challenges... finishing paperwork financial aid» (et.

Generally speaking, the most challenging demographics: disproportionately older, minority, and low - income people.

This is a car that is designed to appeal to people who don't generally buy import brands, so I don't believe it will take many sales away from the Toyota Camry Solara and Honda Accord coupes, which target a higher income, better - educated buyer.

Generally the rent will cover the mortgage payments and probably a letting agent / property management company's fees, so while you won't see any actual net income, the people renting will be paying the mortgage off and you'll be building equity on the home.

If you are paying child support and alimony to another person, generally the amount paid out is deducted from your total income before determining the mortgage amount that you would qualify for.

This type of proposal is often used by seasonal workers — people in the construction industry are a good example of folks who can benefit from this type of proposal as they generally have higher incomes in the warmer months.

When I invest OPM (Other People's Money), I want to choose a portfolio geared for maximum efficiency to product retirement income, thus I generally choose a passive approach using index funds and ETFs (Exchange Traded Funds).

Credit history and income generally aren't as restrictive in the application process as they are for «forward» mortgages, which could be a big advantage for people on a fixed income.

Generally, if you receive the proceeds under a life insurance contract as a beneficiary due to the death of the insured person, the benefits are not includable in gross income and do not have to be reported; any interest you receive is taxable and you should report it just like any other interest received.

A: Generally AMT is not an issue for people whose income falls below the level of the AMT exemption amount: in round numbers, $ 50,000 for singles and $ 80,000 for couples.

Stability of a person's income is generally derived from their employment history.

Usually this isn't a problem because the AMT generally hits people with higher incomes, and these people are more likely to claim itemized deductions.

(A grantor trust is taxed differently from other trusts; all income is taxed, not to the trust, but to the person who created the trust — the «grantor» — and an irrevocable trust can not generally be changed or undone by the grantor.

Certain farm debts: If you incurred the debt for the purpose of running a farm, more than half your income from the prior three years was from farming, and the loan was owed to a person or agency regularly engaged in lending, your cancelled debt is generally not considered taxable income.

Where child support and alimony are received by you from another person, generally the amount paid may be added to your total income before determining the size of mortgage you will qualify for, provided proof of regular receipt is available for a period of time determined by the lender.

«Generally, people on a fixed income find it hard to refinance due to income or restrictions,» Pierce said.

People who tell you «you must have passive income» generally get their income from whatever you're supposed to do to generate your passive income.

Making payments on this increasing amount of debt can force people to retire later than they'd like or borrow more after they stop working, when household income generally falls.

I haven't figured out the math to get an analytical formula, but from playing with a spreadsheet it does look like it does generally make sense to contribute and defer the deduction if your room is finite and your tax drag is about a quarter to a third of your marginal rate (which is the case, even for dividends, for people with incomes over ~ $ 45k).

Individual voluntary arrangements are generally best suited to people who have a steady and reliable source of income each month.

There's no such thing as a «normal» budget, but based on tens of thousands of credit counselling appointments, we've been able to create Canadian guidelines for how people will generally want to spend their after - tax income to avoid getting into debt.

Although Social Security retirement benefits alone are generally not taxable, people with even a modest amount of income in addition to their Social Security payments may pay taxes on their benefits.

Some people may exceed their cap because of income streams that can not generally be commuted.

529 plans are a tax - advantaged college savings plans that generally allow people of any income level to contribute.

Generally speaking, people with a steady income who just can't keep up with their debt, especially if they're homeowners, are routed to Chapter 13 Bankruptcy.

This is a refreshingly - complete, well - thought - out question with many assumptions that many people don't generally consider when reading things like «save 15 % of your income» — +1

Generally, the problem comes when people buy a mortgage assuming certain things - whether that's appreciation, income stability / growth, etc..