Sentences with phrase «income taxes decrease»

The income taxes decrease the grantor's estate, and, because the taxes are on income treated as the grantor's for income tax purposes, they are not treated as gifts for Federal gift tax purposes.

Not exact matches

According to Congress's Joint Committee on Taxation, the Tax Cuts act, signed in December, will decrease expected revenues by a total of $ 1 trillion over the next 10 years, an average of $ 100 billion annually, even after any boost to growth and incomes from lower taxes.

The decrease in income tax expense was primarily driven by the lower U.S. corporate income tax rate, partially offset by the inclusion in the prior year quarter of a $ 15 million benefit from the resolution of prior year tax matters.

The Company's effective income tax rate and comparable effective income tax rate (a non-GAAP measure) from continuing operations for the first quarter of 2018 decreased to 29.5 % and 25.6 %, reflecting a lower federal tax rate related to the 2017 Tax Cuts and Jobs Act (Tax Refortax rate and comparable effective income tax rate (a non-GAAP measure) from continuing operations for the first quarter of 2018 decreased to 29.5 % and 25.6 %, reflecting a lower federal tax rate related to the 2017 Tax Cuts and Jobs Act (Tax Refortax rate (a non-GAAP measure) from continuing operations for the first quarter of 2018 decreased to 29.5 % and 25.6 %, reflecting a lower federal tax rate related to the 2017 Tax Cuts and Jobs Act (Tax Refortax rate related to the 2017 Tax Cuts and Jobs Act (Tax ReforTax Cuts and Jobs Act (Tax ReforTax Reform).

You can choose to record depreciation at a higher rate early in the life of your fixed assets, decreasing income, and therefore taxes.

Combined with a decrease in personal income tax, a sales tax would lead to increased investment and economic diversification while capturing spending from out - of - province visitors, argued Dylan Jones, president of the Canada West Foundation, a Calgary - based think - tank.

(2) Adjusted to eliminate SBC expense (as adjusted for the income tax reduction attributable to SBC expense), expense related to contingent compensation, foreign exchange losses as adjusted for the reduction in income tax attributable to the losses, losses from repurchases of convertible debt (as adjusted for the related decrease in income tax), amortization of debt discount (as adjusted for the related reduction in income tax).

Income tax expense increased $ 0.6 million from 2008 to 2009, primarily as a result of a decrease in pre-tax loss in 2009 compared to 2008.

Phaseouts, however, not only claw back these benefits from the more affluent, they also increase the effective marginal tax rate these taxpayers face, decreasing the after - tax gains of earning more income.

Corporate income tax revenues were down $ 0.4 billion, due to the reduction in the general corporate income tax rate, largely offset by a decrease in refunds, while «other revenues» declined by $ 1.4 billion.

Still, for a given level of home country bias, increased corporate income tax in that home country is likely to decrease the level of investment in that country.

-- When changes in the composition of families are taken into account — including fewer adults per household as family sizes decrease — the real after - tax income of middle - class families increased 30 per cent from 1976 to 2010 — on par with other income groups, but still lower than the top earners

Filers with incomes over $ 500,000 would be greatly affected, but their loss in deductions would also be offset by the decrease of the top income tax rate (from 39.6 % to 37 %), the doubling of the estate tax deduction and cutting the capital gains rate from 23.8 % to 21 %.

Dampening the impact of these factors were higher personal income tax revenues, up 13.6 % (reflecting in part the timing of receipts), and lower employment insurance benefits, down 10.7 % (reflecting a decrease in the number of unemployed).

Assuming that each dollar contributed reduces federal taxable income, and that a reduction in federal taxable income correspondingly decreases state taxable income, we can determine the minimum credit percentage states should offer to incentivize participants as a function of the federal and state marginal tax rates.

Such a huge decrease in the top income tax rate for LLCs would suddenly make condo development a lot more appealing in relation to rental development.

You would be able to carry the loss back to a prior year's income, if there was taxable income within the past three years (taxes paid in that period would be refunded immediately) or the losses could be used against future income to decrease the taxes payable in those future years.

The AMT mainly affects higher income taxpayers — individuals and businesses that are eligible for tax benefits that dramatically decrease their tax due.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

«Most communities understood that the rate decrease was forthcoming, and all towns have received less income because of the economy, so if we don't get the rate decrease at this time, it's basically going to equal a tax increase for our residents,» Mueller said.

Finally, a tax on inheritances serves to decrease income inequality, and hopefully improve social mobility.

For an example of the latter, the Finnish working group coordinated by Kela found that Finnish support for basic income decreased quite radically once questions about the amount of basic income are paired with corresponding questions about the taxes needed to fund it.

It shows that when incomes decrease, the Obamacare tax credits would be more beneficial.

The 2011 - 12 budget adopted by the Sagaponack Village Board of Trustees on Monday calls for both a total spending increase, from $ 556,858 to $ 563,180, and a tax - rate decrease, from 8.17 cents per $ 1,000 of assessed income to 6.7 cents.

If he believes that the state's tax structure is a job - killer and one of the chief reasons why upstate New York remains mired in a permanent recession, he ought to ask for broader tax cuts, including a decrease in the state's personal income tax rate, which tops out at nearly 9 percent (that does not include the additional tax burden placed on city residents, who pay up to 3.8 percent in personal income taxes.)

Tax Overhaul — Motion to Concur — Vote Passed (224 - 201, 7 Not Voting) Brady, R - Texas, motion to concur in the Senate amendment to the tax overhaul that would revise the federal income tax system by: lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiariTax Overhaul — Motion to Concur — Vote Passed (224 - 201, 7 Not Voting) Brady, R - Texas, motion to concur in the Senate amendment to the tax overhaul that would revise the federal income tax system by: lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaritax overhaul that would revise the federal income tax system by: lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaritax system by: lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaritax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaritax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

The idea behind this is that employees would, in some cases, take a decrease in their gross salary but see a state income tax cut that would keep their take - home pay remain the same.

The bill would revise the federal income tax system by lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

While property tax revenues are strong and increasing, other streams, like personal income and sales taxes, are virtually flat, and transaction taxes have decreased (all Q1 FY17 over Q1 FY16).

It also reduces the state's corporate income tax rate, overhauls how the state taxes the banking industry and decreases taxes for manufacturers.

But one of the greatest sleights of hand critics perform is conflating, or at least failing to articulate, that a decrease in reported income does not equal the actual tax dollars NYS loses.

In the phase - out region, rising income is offset by the decreasing credit, so college attendance should be negatively affected to the extent that it is positively affected by the tax credit in the first place.

While this didn't mean that schools received no funding, the extreme decrease in state and federal funding, (as well as later freezes and sequestrations as the legislature attempted to deal with the state budget), meant that Kentucky's school districts were forced to rely on their other source of income: property taxes.

If more revenue comes from property tax which, generally speaking, is a more stable stream than sales and income tax that comprise so much of the State's GF, the district will have less exposure to decreases in state - supported LCFF funding.

It also reduces the state's corporate income tax rate, overhauls how the state taxes the banking industry and decreases taxes for manufacturers.

Taxation has decreased a lot because we have converted from income taxes to high Value - Added Ttaxes to high Value - Added TaxesTaxes.

This bill threatens federal aid for needy students by exploding the budget deficit, puts pressure on municipalities via decreased home values and loss of property tax deductions, and puts pressure on states via loss of income tax deductions.

Medical expenses also are reduced by 10 percent of your adjusted gross income, which decreases the tax deduction amount.

Though not «tax shelters» in the strictest sense, many tax deductions can save you substantial money on your taxes, by decreasing the amount of your income that is taxable.

In this week's video clip, tax expert Tim Cestnick talks about the good news about personal income taxes in the recent past: decreasing tax rates, pension income splitting and of course, the introduction of the TFSA.

For example, if you increase your monthly 401K contribution amount by $ 500, and you're in the 30 % tax bracket (between federal and state income taxes), your take home pay will only decrease by $ 350 vs. the full $ 500 (more on 401K payroll deductions here).

In addition, the difference in effective and marginal rates may also be due to a substantial amount of non-taxable income items or tax deductions and credits that decrease income.

Loans and partial withdrawals will decrease the death benefit and cash value of your life insurance policy and may be subject to policy limitations and income tax.

If you fail to meet IRS qualifications for your primary residence and must relocate due to uncontrollable circumstances such as a decrease in income or a job transfer, you may still qualify for a partial tax exemption on your home sale profits.

Increase your retirement income options and decrease your future tax consequences by drawing from a Roth IRA or contributing to a Roth IRA for future use.

Calculate half of the self - employment tax and subtract it from net self - employment earnings to calculate the decrease to taxable income.

If Marc contributes $ 5,000 to his RRSP, their Family Tax Cut goes down because the income availablefor splitting decreases, explains Jacks.

You can wait to fund your retirement plan until you file your taxes, so if your income is higher than expected you can make a large contribution to decrease your tax costs.

A traditional IRA or 401k is when you can deduct the contributions on your taxes in the year you make them, which decreases your taxable income.

It decreases my burn to save aggressively (though my annual savings rate has been 20 — 40 % traditionally of my after - tax income).