Sentences with phrase «just pay the taxes on»

If your child does not end up going to college, you can either name a new beneficiary (different kid) or just pay the taxes on profits.

Just pay some tax on earnings (I'll convert after retiring overseas 1 year to get the $ 92,000 federal tax deduction).

However, Sequian said if the whole sale is in cryptocurrency, they might just pay the taxes on it and hold onto the bitcoin or ethereum, another type of digital currency it will accept.

Or Just pay tax on the funds withdrawn?

If you didn't, you'll just pay taxes on the earnings.

So then you could just pay the tax on what you paid for it.

This makes your own income higher, which may result in more total tax between the two of you than if you just paid the tax on your income and your child paid their own tax.

As mentioned above, you will just pay tax on the earnings if you cash out or borrow money from the insurance policy.

Not exact matches

Margrethe Vestager, the EU's commissioner for competition, argued shortly after presenting the decision in the summer that the ruling was «based on the facts,» which showed that Apple was paying a corporate tax rate of just 0.05 percent in Ireland.

According to the New York Times, the President plans to significantly reduce tax rates on businesses to 15 % and apply it not just to major corporations but to so - called pass - through businesses that currently pay tax through the individual tax system.

With an NSO, the employee pays taxes on the spread just as if it were wages, and the company can take a corresponding tax deduction.

My husband says I am responsible for paying income tax on the money I made, but I disagree - this is just my hobby, not a business.

«So instead of paying $ 2,000 for a ticket, you can use your miles to get it for just some taxes and fees, which can be around $ 100 depending on where you're going and what airline you're on.»

If you are in your 30s or 40s and just learned that you are locked in until age 59 1/2 but want to get out now, it's important to note that you are required to pay taxes and penalties only on the gains in the annuity.

A C - corp pays tax on its profits, just like IBM or GM, but the earnings wouldn't flow to Trump's personal return unless they pay him dividends.

At that rate you would pay taxes of just $ 1062.60 annually (including the homestead exemption) on a home valued at $ 150,000.

Just as Democrats could not target churches for leaning conservative and demand that they should pay extra taxes, right - wing Republicans can not target universities based on ideological beliefs.

«I think small businesses should be paying less taxes, we just have to make sure that it's done right... We have to know that a large percentage of small businesses are actually just ways for wealthier Canadians to save on their taxes and we want to reward the people who are actually creating jobs.»

UC Berkeley's Danny Yagan found that the 2003 Bush cut to taxes on dividends (money coming from corporations and sent to investors) didn't spur investment at all; it just encouraged companies to pay out more of their profits to investors.

Just keeping the lights on, i.e. simply paying interest on the national debt, plus all the mandatory entitlement programs, burns through almost 100 % of their tax revenue.

People are making a huge mistake if they think they can get away without paying taxes on BTC profits or earnings, yet I get the feeling that many will do just that.

Just out of curiosity, do you also have to pay CA income tax on your passive investments or is it free from state income tax?

Prior to the recent corporate tax reductions, the effective tax rate on U.S. corporations (actual taxes paid as a fraction of pre-tax profits) was already down to just 20 %.

He said that essentially, the FICA withholding being taken away from workers paychecks is really just a concealed tax, that it was to cut taxes on the rich, and so there really isn't any money to pay social security and he would like to stop it right now.

Over the last five years, on the other hand, Boeing paid a total tax rate of just 4.5 percent,....

It would then pay rent to the office property company and deduct the rental payments that would have been taxed at 43.4 percent on the law - office side, and instead pay tax on them at just 25 percent on the office - property side.

Why pay taxes on that reinvested money, why not just keep it in the company and avoid taxes until you need the cash?

During his speech, he explained to the crowd that if the Liberals were elected on Oct. 19, that they would raise taxes by asking Canada's wealthiest income earners «to pay just a little bit more.»

Yes, this means we (just like you) pay our taxes dollars to support public education to the tune of $ 13092 per child on average and private education to the tune of $ 7567 per student on average.

Plus it takes the government more than 20 % of tax revenue each year just to pay INTEREST on its debt — and that's at a time when rates are actually NEGATIVE.

It was more than just a bad investment outcome, since they actually had already paid taxes on the stock they held.

«I'd like to see a private letter ruling or just an IRS modification on annuities that allows advisors to debit management fees directly from the annuity contract without putting out a 1099 - R and having the client pay taxes on the distribution,» said Shebesta, an advisor at Jackson / Roskelley Wealth Advisors.

Even if we assume that SNA loses its current tax deductions and just pays the new statutory rate of 21 %, that would be worth an additional $ 87 million based on 2017 NOPAT, a 13 % increase and a bump up in NOPAT margin to 18.5 % from the current 16.3 %.

Under this policy, companies could offer insurance plans of any size, but employees would pay income tax on any cost above $ 9,500 ($ 23,900 for families) just as they would on cash wages.

Second, I know exactly how we pay their salary, unemployment taxes, etc.... you don't even seem to understand this basic information which makes me think your posting is just political rhetoric that you heard perhaps on Glenn Beck?

I work hard, I pay my taxes, I donate to charities, I help people, I take showers, mow my yard and so on just like all the other productive people of society that are both atheist and christian.

Yes, you get a tax write - off (so as to not be taxed on the money you no longer have), but it's insignificant compared to how much you would have if you'd just kept 75 % of the money for yourself and paid the 25 % tax.

He said that he did not think that Obama's plan would work because it costs too much and that paying for it through higher taxes on Americans making $ 280,000 + per year is just part of Obama's plan for massive wealth distribution.

CNN: Romney tax returns shine light on Mormon tithing Although many Americans may have wondered just how much money Mitt Romney makes and how much taxes he pays in the lead - up to the release Tuesday of his tax documents, there was little suspense around how much he gives to his church.

«I just wonder if there were a hypothecated tax - that is a tax which if you paid it, we know would go towards alleviating the plight of such people, I have a funny feeling that everyone would want to do something... even though they find it difficult to know what to do when they see someone homeless on the streets.»

They would just pay the penalty (if they didn't lie about coverage on their taxes) because it is still much cheaper than purchasing coverage.

Just realize that you're going to be paying close to $ 400 / night for your room (with all the add ons... resort fee, taxes, etc.) and the hotel restaurants are expensive too.

It just means that if a consumer wants to spend his expendable money on something nice (good food) they can, or they can go down to the state store and get some vegetables for free (paid for by taxes).

So instead the law would likely say that they expect a tax to be payed by these large company whenever they process a transaction for a US citizen (actual law would be a bit more complicated since someone living in Germany who buying a service from another German citizen who just happens to also be a US Citizen shouldn't be taxed, but the general idea of calling out which transactions the US claims tax on still applies...)

So looking just at just income taxes undercounts the US» relative dependence on income taxes paid by the rich.

Labour is calling for a review of Formula One's tax affairs after it was revealed the company paid just 2 % tax on its UK profits last year.

She put the Treasury cost of paying in - work tax credits to about 252,000 EU migrant households at # 1.6 bn a year, but did not spell out whether she wanted to remove tax credits from all EU migrants, or just those on short - term contracts.

Mayor de Blasio, for instance, pays just over $ 7,000 in property taxes on the two multi-million dollar houses he owns (and rents out) in Park Slope.

If the inflation component had been pegged at 2 percent in 2011 instead of the consumer price index, and assuming just half of school districts continued hiking taxes up to the limit, New Yorkers would have paid at least $ 450 million more in school taxes alone between 2014 and 2016, and would face an extra $ 400 million on their school taxes in 2017 - 18.

For ordinary working families - the aspirational majority — who work hard, pay their taxes, who want to get on and not just get by, but who are working harder for less as the cost of living keeps on rising.