Sentences with phrase «means paying taxes on»

It is widely known that being a homeowner means paying taxes on your property to local government, whether it is the city, county or state.

Keep in mind, this means paying tax on capital gains anytime you sell a virtual currency for a profit.

As an educational institution in Canada, we are tax exempt which means you pay no tax on the tuition.

Missing the deadline would mean paying the taxes on the withdrawal in addition to a 10 % penalty.

That's a bad combination for taxable investors, because it means you pay tax on a high coupon and then get stuck with a capital loss when the bond matures.

By saying non deductible contributions, we mean you pay taxes on all your earnings now, and will not be taxed when you withdraw them upon retirement, at 65.

Second, Traditional IRAs allow you to deduct your contributions on your tax returns now, meaning you pay taxes on distributions when you retire.

This means you pay tax on 100 % of any interest income you earn.

This means it pays taxes on its earnings at the corporate level.

Not exact matches

Trump called on Wednesday for a new «pass - through» tax rate of 25 percent that could mean big savings for owners of sole proprietorships and partnerships who now pay 39.6 percent.

The Senate tax bill addition could mean Gulf carriers and some other foreign airlines will have to pay taxes on revenue earned in the U.S.

In contrast, for the CPP any extra benefits in retirement will be paid by taxes on anyone who is of working age — unless you're retired or still a student, that means you, not someone else.

The difference is that in an S corp, owners pay themselves salaries plus receive dividends from any additional profits the corporation may earn, while an LLC is a «pass - through entity,» which means that all the income and expenses from the business get reported on the LLC operator's personal income tax return, says Ebong Eka, a CPA who also pens his own blog about the world of entrepreneurship at MoneyMentoringMinutes.com.

That means they have to pay tax on it.

It ended up being OK — a trade treaty meant that FXR pays Canadian tax rates, which are much lower than those of Scandinavian nations, on its profits from the region — but checking ahead of time saved him from a potentially unpleasant surprise later.

This means you could paying as much as 35 %, 45 % or even 50 % in income tax, which is taking a devastating hit on your compounding ability.

Meanwhile, to keep the reforms deficit - neutral, meaning that they would pay for themselves, Obama's deal includes a tax on profits that U.S. companies hold overseas.

That means Drew should put all of his bonds into his existing IRAs, where he won't have to pay tax on their income until retirement.

Last year that meant the difference between paying tax on $ 500,000 of profit versus $ 1.6 million — which is kind of like getting an interest - free loan.»

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.

Returning the rate to that level, combined with the most recent uptick in the top marginal personal income tax rate, would mean that Ontario investors would pay as much as 40 per cent tax on capital gains.

If the money to fund your Roth IRA is coming from the 401k, then it is usually a taxable event — meaning you very likely will have to pay taxes on it and any early withdrawal fee which is 10 % from the last time I can remember.

But this also means you only pay tax on the initial principal (the money you put it), but NOT the gains.

That means if someone is paying you in cryptocurrency, you still have to pay taxes on it as you would income because bartering property for services is a taxable activity.

But I would rather pay the taxes now, and yes that means giving more money to the government now, than get taxed on it later in life.

I could definitely figure out how to funnel expenses through a part time business... I think I keep thinking along the lines that I'm going to be paying the same tax rate after retirement, but reality is you could get pretty lean and mean if one focused on it.

That means you don't pay taxes on the funds you invest, but you do pay taxes on withdrawals during retirement.

«Every withdrawal will include an earnings portion, meaning that if the owner makes a nonqualified withdrawal, he or she is going to pay a penalty tax on earnings unless the withdrawal qualifies for an exemption, such as the death or disability of the beneficiary,» he said.

The Vanguard Variable Annuity is a deferred variable annuity, which means you can defer taking income — and paying taxes on that income — for as long as you choose.

in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;

I do not object to paying 25 per cent of any short - term (one - year) capital gain, but when it comes to gains that include a tax on inflation that occurred over long periods of time, it means severe injury to whatever real gain has been earned.

That means at the end of the year you get a tax deduction based on the amount you contributed, but you pay taxes on money you take out at the end.

And some countries have a territorial taxation system, meaning you only pay taxes on locally generated income, not your global income.

That means if you provide them with accurate information in a timely fashion, they'll make sure these taxes are prepared accurately and paid on time, or they'll cover any penalties.

That means Alice can put $ 13,333 in her 401 (k), because she doesn't have to pay the 25 % income tax on that money before contributing it.

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.

This means that Social Security and Medicare taxes must be paid on their earnings.

Turning these assets into cash will likely have some fee and / or tax implications, like the capital gains you would pay on selling stocks, but is a means to start your business flush with cash (and not debt).

They base it on reinvesting 100 % of your dividends (of late, dividends are very low, which does not get factored in) and that means you have to pay all of the Income, state income, and intangibles taxes from OTHER MONEY.

Investments inside a SEP IRA are tax - deferred, meaning that you don't have to pay taxes on any income or gains that those investments generate until you make withdrawals from the SEP IRA.

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.

In plain English, that means you don't have to pay taxes on the money you put into a 401 (k) until you withdraw it.

Yes, this means we (just like you) pay our taxes dollars to support public education to the tune of $ 13092 per child on average and private education to the tune of $ 7567 per student on average.

This means most individuals don't pay taxes on their crypto — something that might change as more people are audited by the IRS.

This means your cost basis adjusts at year - end, and you can be subject to paying taxes on gains whether or not you sold your shares.

The primary justification for the proposed tax changes was that high - income individuals (e.g., doctors, small business owners, farmers, among others) were using the tax system to reduce their income tax by incorporating CCPCs to conduct their businesses or carry on their professional practises This meant that individuals with the same income could end up paying different taxes and this, according to the Finance Minister and the Prime Minister was «unfair».

The government intended to sell its tax changes for CCPCs on the basis that they would mean higher income Canadians would no longer be able to avoid paying their fair share of tax.

That means you can contribute money before you pay taxes and you do not have to pay taxes on the money until you withdraw it (i.e. until start receiving payments).

This means there's no tax to pay on your returns.