Sentences with phrase «individuals in higher income brackets»

Not exact matches

In 2017, those reporting at least $ 214,000 in yearly income on an individual tax return (or $ 428,000 on a joint tax return) fell into the bracket paying the highest monthly Part B premium of $ 428.6In 2017, those reporting at least $ 214,000 in yearly income on an individual tax return (or $ 428,000 on a joint tax return) fell into the bracket paying the highest monthly Part B premium of $ 428.6in yearly income on an individual tax return (or $ 428,000 on a joint tax return) fell into the bracket paying the highest monthly Part B premium of $ 428.60.

A high - income individual might be in the top tax bracket, while a school or charity might pay no tax at all.

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

«If it's strictly a financial decision, then typically high - income individuals in the top tax brackets are better to maximize their RRSP room before making additional mortgage payments,» says Lamontagne.

With a VUL, individuals in high - income brackets can allow any cash - value growth to build over time, similar to that of a Roth IRA.