Sentences with phrase «less a tax offset»

It will be taxed at your marginal tax rate, less a tax offset equal to 15 % of the taxable portion of the payment.

Not exact matches

When an employer reduces pay to offset its payroll tax increase, it could focus on workers who have less bargaining power — typically those with low wages and benefits to begin with.

«Any reductions we have in upper - income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class,» Treasury Secretary Steven Mnuchin said Nov. 30, 2016, in an interview on CNBC's «Squawk Box.»

When the market drops and some of your stocks are worth less than you originally paid, you can sell them and buy a similar (but not identical) fund, and this loss can be used to offset capital gains on other holdings — or even reduce your regular income taxes.

Tom Sanger, a partner with accounting and advisory firm Moss Adams, says that, «small businesses, now defined as having an average of less than $ 50 million in gross revenue over the prior three years, will be able to offset (the alternative minimum tax) AMT with R&D credits generated after Jan. 1, 2016.»

And the NDP's hints about raising the corporate income tax are unlikely to be enough to offset future austerity, much less finance any new spending that they have in mind.

While a US corporation may have sufficient foreign tax credits or other attributes to offset such an amount, it will likely want to carefully evaluate whether a disposition of stock of the foreign subsidiary would result in less tax.

In 2016 — 17, you could claim the maximum tax offset of $ 540 for contributions you make to your spouse's eligible super fund if, among other things, the sum of your spouse's assessable income, total reportable fringe benefits and reportable employer super contributions is $ 10,800 or less.

This is how the scheme was supposed to work: let's say you had some impressive capital gains on your stock portfolio one year, and you were looking for some capital losses to offset them, so you could pay less tax.

Tax relief can offset these costs by allowing you to lower your tax burden so that you pay less income tTax relief can offset these costs by allowing you to lower your tax burden so that you pay less income ttax burden so that you pay less income taxtax.

If you earn $ 37,000 or less the tax you have paid on your super contributions, up to $ 500 will be automatically added back into your super account through the low income super tax offset (LISTO).

If you earn $ 37,000 or less you may also get a «low income super tax offset» of up to $ 500 from the government every year.

If you are aged 55 - 59, the taxable portion of your account - based pension will be taxed at your marginal tax rate less a 15 % tax offset

Concessional contributions and earnings that are withdrawn will be taxed at marginal rates less a 30 per cent offset.

If you repealed the tax, banks would have even less incentive to sell them because they wouldn't be able use the losses to offset capital gains elsewhere.

If your spouse earns less than $ 37,000 pa and you make a contribution to their super, you can claim a tax offset equal to 18 % of the contributions, up to $ 540.

The maximum tax offset is $ 445, which applies if the taxable amount is $ 37,000 or less.

The low income super tax offset helps those earning less than $ 37,000 a year.

The cash position at the end of the 3rd quarter was some $ 46 million less than at the beginning of the year due to repayment of $ 56 million in notes, $ 6 + million in land purchases and operating losses, offset by receipt of $ 33 million in income tax refunds.

If you were to transfer your miles, you would have less miles for use, but the taxes and fees might be reduced by more than enough to offset this loss of miles.

In your case, you will be offsetting a $ 800 less taxes for your 55k Avion points.

For example, if the government provides an income tax deduction for using, or not using, some pollution related device, the cost of this in lost revenue short term might be offset or more than offset, by the savings in less damage to the environment, as well as savings in cost of other methods of controlling this same environmental hazard.

Conservatives should embrace a carbon tax (a much less costly means of reducing greenhouse gas emissions) in return for elimination of EPA regulatory authority over greenhouse gas emissions, abolition of green energy subsidies and regulatory mandates, and offsetting tax cuts to provide for revenue neutrality.

That means it is usually many years before there are any PRRT payments from new gas wells, but it also means that gas extraction companies pay less income tax than otherwise since the current PRRT rules allow the companies to offset enormous amounts in PRRT «credits» against their income tax liability (see this 2017 article in The Conversation).

The first is that the tax can be revenue neutral thus offset by reductions in other taxes (how you refund the money can go a long way in addressing the regressive nature of the tax), the other is that with a sufficiently large carbon tax we would end up emitting less carbon (that is the point after all).

The amount you want to contribute is automatically taken from your paycheck before taxes, so although you reduce your monthly income by these contributions, you offset part of this reduction by paying less in taxes.