Sentences with phrase «large federal tax burdens»
Generally, tax credits are used by corporations with large federal tax burdens to directly reduce the taxes they pay.
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(Sale price: 210,000 - Basis: 100,000 = Gain: 110,000 x Federal Cap Gains tax: 15 % = Taxes due 16,500) The larger the transactions and the more money and leveraging involved the greater tax burden of cashing out.