Sentences with phrase «less income tax»

So you pay less income tax in the year contributions are made.

Keeping this in mind means that one pays a lot less income tax for the same amount of capital invested if that capital is spread out over more properties.

You must research this issue to see if it applies in your situation, which would then result in less income tax payable.

A couple receives a «marriage bonus» if they pay less income tax as a married couple than they would have as two single individuals.

So if your income in 2001 is about the same as it was in 2000, you'll pay a little less income tax.

With less income, they also pay less income tax.

We multiplied the average sales tax rate for a city by the household income less income tax.

Some of that is because of persistently high joblessness that has resulted in more spending on unemployment benefits and less income tax revenue.

Because of preferential tax brackets that apply to the married filing jointly status, couples who file a joint return will oftentimes pay less income tax in comparison to filing separately.

Paying less income tax throughout the year makes it easier to boost your RRSP contributions, fund your Tax - Free Savings Account, or even pay down your mortgage.

7:46 — True or Fales: All middle - class taxpayers will pay less income taxes under the Trump tax reform proposal.

So when it comes time to retire and begin withdrawing income (distributions) from your tax - deferred accounts, you may find yourself in a lower tax bracket and paying less income tax on your withdrawal than you would have when you originally invested your money.

The net earnings of the spouse, civil partner or cohabitant were calculated as the gross earnings less Income Tax, PRSI, Superannuation, Trade Union dues and Health Insurance premiums (e.g. VHI or similar health insurance premiums, Hospital Saturday Fund etc.).

We multiplied the average sales tax rate for a county by the household income less income tax.

And, with a lot less income, you pay a lot less income tax, and you get seniors» tax breaks to boot.

The big earner has less income taxed in the top brackets while the small earner is in a higher bracket than before but viewed as a whole, the couple is paying less tax overall.

Which means that your taxable income for that year is reduced, and you pay less income tax.

By selecting yes you are confirming that you are a UK taxpayer and understand that if you pay less Income Tax and / or Capital Gains Tax than the amount of Gift Aid claimed on all your donations in that tax year it is your responsibility to pay any difference.

The theory is if you push that income tax burden to the next year you pay less income tax.

I confirm I am a UK taxpayer and understand that if I pay less Income Tax and / or Capital Gains Tax than the amount of Gift Aid claimed on all my donations in that tax year it is my responsibility to pay any difference.

A typical basic rate taxpayer is paying over # 1,000 less income tax than when we came into government.

«I am a UK taxpayer and understand that if I pay less Income Tax and / or Capital Gains Tax in the current tax year than the amount of Gift Aid claimed on all my donations it is my responsibility to pay any difference.»

Which means that your taxable income for that year is reduced, and you pay less income tax.

Here's a little secret: Many married couples actually get a marriage bonus, paying less income tax than if they stayed single.

Finally, a host of tax breaks for seniors apply at age 65, allowing them to pay less income tax than 64 - year - olds with the same income.

Retirees also pay less income tax.

The more allowances you claim, the less income tax your employer will withhold.

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

The larger the public service pension plan contribution, the less income tax will be withheld from your pay.

So when the average person gives from their disposable income to a valid charity, he or she can deduct (subtract) it from taxable income, and thereby pay less income taxes, while also reducing exposure to federal estate taxes.

You'd need to compare the tax rates for the two routes to see which was better; note that you pay less income tax than normal on dividends to account for the fact that corporation tax was already charged.

After all, if the children are launched and employment expenses vanish, you need to generate less income and so pay less income tax, plus of course you no longer have to save for retirement itself!

The market is still in a recovery phase and you could benefit from converting when your account balances are lower and pay less income tax.

Investing in Equities and Exchange Traded Funds (ETFs) may also help you pay less income tax, as your dividends and capital gains are taxed at a lower rate than interest income.

«I'm also going to ask my boss if I can salary sacrifice a small amount direct from my pay - and that means I pay less income tax.

All in all, both tax credits and deductions can help you pay less income tax.

I am a UK taxpayer and understand that if I pay less Income Tax and / or Capital Gains Tax in the current tax year than the amount of Gift Aid claimed on all my donations it is my responsibility to pay any difference.

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).

So that they pay less income tax, less child support, and less maintenance.

We multiplied the average sales tax rate for a city by the household income less income tax.