Sentences with phrase «means losing tax»

I get asked all the time about whether or not filing for personal bankruptcy means losing tax refunds.

For example, if an issue arises in the home inspection, and it can't be resolved, the buyer may want to find another house, but doing that after April 30 will mean losing the tax credit.

Not exact matches

More than likely if the DFS operators lose, it will mean that the state government will be able to collect taxes from the games.

Lost revenues from tax cuts, twinned with greater government spending, mean more borrowing to fund deficits.

If a fund had a 3.0 % tax - cost ratio, it means that on average each year, investors lost 3.0 % of their assets to taxes.

This means that if you «time» your trade wrong and the value of XRP goes down after you make the exchange, you still owe tax on your BTC gain even though you subsequently lost money.

The Exchange went to his office to discuss what that means for tax reform and other issues, and why members of Congress could lose their jobs.

This means you can invest even more in the LendingCrowd Growth ISA without losing any tax benefits.

In the long run, he analysed that the punitive tax will mean lost markets for American producers for years to come, especially at a time when China's imported wine market has entered into what he calls a «warp - speed» growth phase when «no wine producing country dares to ignore the market.»

And if they're afraid of saying the word «tax», then maybe that's because they've abused the tool so much in the past, that they've lost sight of what a tax is really meant to accomplish!

The money lost to claimant fraud and error was less than under the old working families tax credit (14 per cent), she said, adding that changes to the IT system and fraud measures meant this year's figure would be better.

That's 33 % that itemize and will lose some SALT deductions but it doesn't mean they're getting a tax increase.

«The elimination of income and sales taxes in New York is equal to 9 percent of taxable income, meaning that if you make $ 100,000 a year you lose $ 9,000»

In case you're confused, the Rockefeller Institute has released a handy YouTube video explaining the SALT deduction, and what losing it through tax reform would mean for New Yorkers.

The report estimated home values would drop by 10 percent, meaning counties would stand to lose property and sales tax revenue.

Tory tax credit cuts mean 3m families on average losing # 1300 a yr.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

«It's not on my agenda,» Cahill said prior to the press conference, referring to accusations from Hein and others that he had thwarted passage of a sales - tax extension that could mean upwards of $ 26 million in lost revenue to county and local governments next year.

But with the legislative session drawing to a close next month, Gov. Andrew Cuomo said Monday that he doesn't «expect any action this year,» meaning the state will lose out on tax revenues that state Sen. John Bonacic (R - Orange County) has estimated at $ 10 million to $ 30 million a year.

«The elimination of income and sales taxes in New York is equal to 9 percent of taxable income, meaning that if you make $ 100,000 a year you lose $ 9,000,» Higgins said at a hearing.

Local budgets lose out Corning Inc.'s reduced property taxes mean less tax revenue for nearby municipalities, at least in the short term.

That means money lost and higher taxes.

But Cuomo told reporters that if legislators don't renew the millionaires» tax, it would mean $ 4 billion in lost revenue over two years.

This oil is cold pressed, which means it hasn't lost any of its natural goodness through a taxing high heat process.

This means it covers the direct cost of low - carbon subsidies, energy efficiency and carbon taxes, as well as indirect costs due to strengthening grids, backing up intermittent renewables, compensating conventional generation for lost revenue through the capacity market and savings due to the merit - order effect, which pushes down wholesale electricity prices.

, and of course she immediately loses her phone as the chase starts, which means that she has to get her cute little boy back the old - fashioned way: by tailgating the diabolical Mustang down the roads and wetland causeways of the great, tax - break - friendly state of Louisiana.

«And I think they should lose their tax subsidies and the reliefs they get from the Charity Commission unless they sponsor an academy and show that they really mean what they say.»

This means you would lose out on the lower tax rates offered.

Hey lost my bars and tax topic 152 know they passed the new law but didn't receive the path act message just the keep checkin website message should I be worried am I flagged or this just means can't garuntee 21 days

Not having a mortgage means you will lose any deduction you take for mortgage interest when you file your federal income taxes.

In addition, only your net investment income is taxable, meaning if you gain $ 500 from one investment but lose $ 500 on another in the same tax year, your net gain is zero and you are not required to pay any additional taxes.

Which state you live in can mean thousands of dollars saved or lost in taxes each year.

Lost revenues from tax cuts, twinned with greater government spending, mean more borrowing to fund deficits.

That means if an owner of a property neglects to pay their property taxes or utility bills, the city or courts can seize and sell the property in order to recoup their lost revenue.

However, the value of these risky investments can easily go to zero, meaning you can lose money despite the tax savings.

Sam and Judy also have two children under age 17, but their joint income is $ 130,000, meaning they will lose some of their child tax credit.

The Oakland Chamber of Commerce has said that sales have dropped 40 % at surrounding businesses as customers are afraid of being harassed going downtown (this also means lost revenue for the city in terms of sales taxes)

That means if the fund is sold before the end of the hold period investors may face penalties and lose their tax credits.

While RRSP room is not a «use it or lose it» proposition — you can always carry forward unused room to another year — what you are losing out on is the chance to lower your taxable income each calendar year; and it also means you are not maximizing the opportunity to compound your investments tax free.

Tax - loss harvesting means a losing position is sold to «harvest» the tax deduction to offset capital gains for gains and dividends, reducing the investors» tax biTax - loss harvesting means a losing position is sold to «harvest» the tax deduction to offset capital gains for gains and dividends, reducing the investors» tax bitax deduction to offset capital gains for gains and dividends, reducing the investors» tax bitax bill.

A tax refund means you could lose money on potential interest or capital gains.

This means that once withdrawn to your Nominated Account, your money will lose the tax advantages of ISAs and can not be replaced in your account without affecting your annual ISA allowance.

This means the investor kept 54.6 % of the before - tax return and lost 45.4 % to taxes.

In the extreme, if deductible household expenditures (e.g., property taxes, charitable giving, the deductible portion of advisory fees, etc.) continue while there's no income for the year, taxable income could even be negative, which means the partial Roth conversion would be tax - free just absorbing the otherwise - unusable deductions (which are permanently lost if not offset against negative income in the same tax year!).

Failing to properly file your taxes and utilize the refund options available to you could mean losing out on significant amounts of money or paying a lot more than you actually owe.

This means special districts like Carbondale and Rural Fire Protection District and Colorado Mountain College, who rely on property tax, keep losing money.

Sorry, Jimmy, but your utter failure to give a single example of anything Obama has done that is as expensive as any of Bush's blunders — his financial crash, two unnecessary failed wars, massive tax cuts, a huge and costly expansion of Medicare — means you lose.

While many businesses have previously offered employees, salary sacrifice schemes to help meet the costs of modern necessities such as these, as well as saving tax; the wide adoption of these schemes has meant that the Government has found it increasingly difficult to track how much tax it is losing — because firms are not reporting how much both them, and their employees are saving.

Presumably you would only bother to do this if you thought you'd collect more in benefits than you pay in extra tax, which means the government loses in the long run.

This contention is yet to be challenged, perhaps because an appeal to the High Court would mean that the anonymity afforded to the banks at the tax tribunal would be lost.