Sentences with phrase «means paying less tax»

So receiving a Form 2439 usually means paying less tax with your return, not more.

A deduction reduces your taxable income, and means you pay less tax.

Not exact matches

Transferring the illegal bettors to the regulated marketplace would mean more taxes paid, more interest in leagues, and less crime.

It means more women are paying income tax, and less women are on welfare.

It starts with the fact that Latvia's bloated 50 % + tax package on employment means that take - home wages are less than half of what employers pay.

Because your deduction reduces the amount of income taxed at your highest marginal rate, this calculation works in most situations since taking the deduction means you have less income being taxed at the highest rate you pay.

Of course, these various rates mean individual tax payers could end up paying more or less.

That means your gross income, less the amount paid for federal and state income taxes, FICA taxes and local taxes.

That means if your taxable income is between $ 45,282 and $ 90,563, you'll pay less tax.

Because the mutual fund buys and sells stocks less often, they pass on fewer capital gains to you so that means you pay less in taxes.

That means the typical homeowner in Colorado pays less than 1 % of home value in taxes every year.

The government pension plan is funded via taxes and pays out a means tested amount, so well to do people get less (possibly nothing) than poor people do.

«The combined effect of all [the government's] reforms will mean that taxpayers with incomes below # 40,000 will pay less tax and national insurance contributions in April 2011 compared to April 2008.»

«This means that they pay their tax through self - assessment, rather than PAYE, pay less by way of National Insurance and are able to deduct more generous expenses than would normally be allowable for those who are in employment.»

It is worth noting that while people under age 65 in the U.S. live in a heavily market - dominated economy where poor employment outcomes mean poverty and a lack of access to health care, almost everyone over age 65 has most of their healthcare paid for by Medicare, (a FICA tax financed, single payer system that pays providers more or less the same rates as private insurance companies and has few cost controls), more than half of their nursing home costs paid by Medicaid, (which is stingy in how much it pays providers and moderately means tested), and receives enough of a guaranteed income from the combination of Social Security and SSI payments to keep the poverty rate for people age 65 +, (even if they have no retirement savings of their own), above the poverty line, regardless of the state of the local economy.

This means the average citizen of a US Territory is paying less in taxes then the average citizen of a US state (or DC citizen).

He even goes much further than Labour ministers ever dared by using the «R» word (redistribution) and spelling out exactly what he means — «a tax system that means people at the bottom end of the scale pay less and at the top end of the scale pay more».

Ashcroft's non-dom status means the billionaire has been paying less in tax than someone registered as living in the UK permanently.

Using differential interest rates rising with earnings as a means of providing for a more progressive system is less fair than a graduate tax, a graduate contribution or general taxation because those from wealthy backgrounds will have smaller debts as their families can afford to pay up front.

«People who need essential services will wind up paying the price for giving additional tax breaks to the wealthiest New Yorkers, because less funding means the services they depend on will be reduced or eliminated.»

The chancellor said raising personal tax allowances will mean millions paying less — but it's not that simple

The results were quite interesting — most of the answers supported moving the party towards the centre ground, the public wanted to see the Conservative party move towards the Centre (net approval of +41), giving more help to the less well off (net approval of +64), paying more attention to the economy and public services and less to immigration (+41) and opposed promises of big tax cuts if they meant cuts to public services (net disapproval of -42).

He does not have to pay the top 50p rate of tax he says, meaning he earns less than # 150,000 a year.

«That means those taxpayers paid $ 7 billion less in taxes over those four years than they would have had the cap not been in place,» he said.

This means that your taxes will be computed after your premiums are deducted, so you pay less tax.

«it makes no difference whether that subsidy is a handout in cash, or special tax treatment that means a company pays less tax than its rivals.

Getting this myth «believed» meant new opportunities to turn tax dollars into profits — profits from, for example, paying a few teachers more and many teachers less; profits from designing standardized tests; profits from renting school facilities; profits from managing schools; profits from data management systems and test - scoring systems; and profits from selling software platforms and computing devices.

A45 is more useful, got 4 doors, dual clutch, useful boot, less hardcore meaning it won't loosen your dentures on public roads.Exige is just better on the track, nothing more.Somemore have to pay so high road tax for 3.5 L.No thanks..

That means once you've paid for the cover, editing, marketing, and maybe even your tax planning, the total comes to $ 1,000 or less.

Splitting a large lump sum into two smaller payments over two different years means you'll pay less taxes overall.

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

In fact, for Canadians who make less than $ 40,000 or so, the tax rate on dividends is actually negative, which means you can use them to lower the amount of tax you pay on other income.

That means that you can subtract the amount you contribute from your income and pay less in income taxes.

Cars depreciate in value quickly; donate the car and deduct the cost on your taxes, meaning you'll get a bigger tax refund or pay less on tax owed.

I don't understand how taxing a larger portion of your income could ever mean paying less in taxes, if the only difference is the amount of income.

Never mind that $ 5000 a year for 20 years earning just 4 % means just less than $ 150,000 in tax - free money — $ 16,000 more than you'd have if you were paying tax at a marginal tax rate of 31 %.

That means up to $ 53,000 less you have to pay in self - employed income taxes each year!

Being one of the 29.6 % of Americans who itemize their deductions is an upgrade to your tax filing if it means you pay less overall.

Generally this means that favorable rates apply: you are likely to pay less tax on this type of dividend than on an ordinary dividend.

That means that every dollar you contribute can be subtracted from your income, so you pay less in taxes.

Lowering your AGI means you'll have less income to pay taxes on but there are some other advantages as well.

Each account offers tax advantages that mean less money paid to the IRS and more in your pocket.

Also, tax rates can change in the future which means you may pay more (or less) if they change.

This is much better tax-wise because it means you'll spread the income out over two years and (potentially) pay less in taxes than receiving it in one year.

Claiming an additional allowance and / or changing withholding to the «married» rate on your Form W - 4 means that less taxes are withheld from your pay.

That's less than previously required but still probably means breaking slowly into capital: after all, Ottawa's «generosity» with the earlier RRSP tax refunds was always balanced by the knowledge the tax piper must eventually be paid: naturally, these RRIF withdrawals are fully taxable like salaried income or interest income.

That means if your taxable income is between $ 45,282 and $ 90,563, you'll pay less tax.

While counterintuitive, drawing down on RRSPs earlier and paying more tax sooner can sometimes mean less tax payable over the course of your life, Shaune.

However, because pre-tax dollars are generally used to fund both accounts, your taxable income for the year you contribute may be lowered — meaning you'll likely pay less in income tax.

This means that when you sell your stocks, you'll pay taxes on your gains — and if you sell your stocks in less than a year, you'll pay a huge amount (regular income - tax rates, like 15 % or 30 %).