Sentences with phrase «just withhold taxes»

So there's more to the story than just the withholding tax in Canada.

Not exact matches

«If you just look at the year prior to the states adopting withholding, on average, income tax revenues were 15 percent of all tax revenues,» Bagchi explained.

That is just the amount withheld up front; the final tax burden is likely to be even higher.

Those are just the amounts withheld up front; the final tax burden is likely to be even higher.

TrimTabs» proprietary model, which is based on income tax withholdings deposited daily with the U.S. Treasury, projects just 75,000 new jobs added in June, a 40 % drop from its May estimate of 124,000 jobs.

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.

If you claim allowances you're not entitled to, you double - claim allowances with two employers or you just don't have enough tax withheld, it will cost you at tax time.

If estimated taxes sound like way too much work and you have a full - time job, you can skip quarterly payments and just adjust your W - 2 withholdings.

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

Withholding tax payments are up just 0.9 percent, or $ 139 million, while PIT estimated payments are down a whopping 9.3 percent, or $ 966 million, including another $ 130 million (5 percent) dip in September receipts alone.

Even if you live outside of the United States, you will still earn a royalty just as our American authors do, but we are required to withhold 30 percent of your royalty earnings for federal taxes.

Now, the latest rules springing from the cliff, included the ability to convert from Trad 401 (k) to Roth, so if you wish to convert on a regular basis, that's fine, just brace for the tax bill or account for it in regular withholdings.

The information on this form tells your employer just how much money it needs to withhold from your paycheck for federal income tax.

The withholding tax is just the beginning.

Incidentally, subject to the $ 5500/6500 maximum limit, you can (if you choose to do so) contribute the entire amount of your compensation to an IRA, not just the take - home pay amount (which will be smaller than your compensation because of withholding for Social Security and Medicare tax, State and Federal income tax, etc).

The first check just arrived, and no taxes were withheld.

Keep in mind, however, that just because your gambling winnings are reported on a W - 2G doesn't automatically require the withholding of income taxes; reporting and withholding are two separate requirements.

Example: Suppose you expect your wage withholding to be just enough to cover your income tax liability.

The income tax portion of this withholding will be a credit on your income tax return for that year, just like regular income tax withholding from your cash wages.

The amount withheld is just an estimate of the tax that will be due on this income; your actual tax may be higher.

Management expense ratios are just as important: it makes no sense to pay an extra 0.50 % in MER to save 0.30 % in withholding taxes.

You have to pay these amounts regardless of whatever tax credits you might have, just as is the case of regular salaries that you receive from someone else; you don't get a refund of Social Security and Medicare tax withheld from your salary or wages regardless of tax credits, nor do you (or your non-you employer) get a refund of Social Security and Medicare tax paid by your employer.

An important note before you make your decision: foreign withholding taxes are just one of many costs of investing, so they should not be the only factor in your fund choices.

And furthermore, if RRSPs just give a credit towards income tax, how does that work with avoiding US withholding tax?

And not just owing both halves (as opposed to one half for the W - 2 employee) but paying them at the time of filing taxes (as opposed to having the employee half withheld each paycheck).

Canada would have to re-negotiate its tax treaties before withholding could be eliminated... Since we just finished the treaty with the US I doubt withholding for TFSA would be eliminated any time soon.

@Rick — foreign interest income is not generally subtract to withholding tax (just foreign dividend income), so holding VBU and VBG should be fine in the RRSP (they also hedge away the currency exposure, which I would recommend for foreign fixed income investments).

If you go to the IRS» website (www.IRS.gov) and search for «tax withholding», you will be able to access the Withholding Calculator — or just click the link to go to the Withholding Calculator pagwithholding», you will be able to access the Withholding Calculator — or just click the link to go to the Withholding Calculator pagWithholding Calculator — or just click the link to go to the Withholding Calculator pagWithholding Calculator page directly.

The info on that form are just input for a simple formula to calculate how much tax to withhold.

Rather than explaining this idea in full here, I'll just announce that Justin and I recently completed a new white paper that includes the estimated cost (including both MER and foreign withholding taxes) of many popular ETFs in all account types.

Most wage earners just have the tax withheld from their paychecks and there is no balance due at the end.

Check Your Tax Withholding You just filed your income taxes.

If your relative would, for example, force you to get a 10 % withholding tax penalty from the IRS, would you really want to pay that just because of family obligation?

Just the right amount of tax withheld translates to minimal balance owing or refunded at year end.

If you split only 30 % of the pension income, just $ 3,000 of tax withheld would be reported on your spouse's return.

There is a reference to $ 154,000 being left over after 30 % taxation, but the 30 % rate is just the required withholding tax that will be applied to the payment.

I know this is an older list but just be aware if you are a Canadian Interactive Brokers client and you hold any of these stocks such as ECA on the US exchange you will be screwed when it comes to the US dividend as they will withhold the 15 % tax even though they shouldn't.

I have just heard today that one of the big stockbrokers in UK is advising their clients to sell Vodafone so they don't have the trouble do dealing with US shares, US withholding tax etc..

I would say it's pretty odd that the State of Alaska could withhold documents from the public about a commission that will go a long way towards influencing its policies on energy, environment, property rights, taxes, the state budget, land use, education, and just about every other public policy area.

I was under the assumption that my company would just be invoicing the client the agreed upon amount at an agreed upon interval, and I would simply withhold taxes / benefits / etc, and that's the end of the story.