Sentences with phrase «means tax money»

Meaning NO tax money should have been used for an art exhibit that had ANY religious overtones to it in the least.

Not exact matches

Back in 2014, he wrote a Financial Times op - ed in which he criticized the virtual currency for being «unsuitable as a means of exchange» and said it was only attractive for two reasons: anonymity — as desired by money launderers and tax evaders — and speculation.

Since the UK's tax authority can't tax an overseas subsidiary, it will charge a «withholding tax», meaning the money will be deducted at source.

Remember, your 401 (k) plan or traditional individual retirement account is tax - deferred money — meaning, for every dollar you take out, you will owe taxes (federal and state).

(Which by the way, may mean paying more taxes later if tax rates go up or you're making more money.)

Unless you manage to find a great gig, the odds of making a lot of money while you're still in college aren't great, but that doesn't mean you're automatically excluded from filing a tax return.

The tax advantages enjoyed by small firms are meant to encourage them to do business — especially to pour money back into the company itself — not to shelter retirement savings.

Lower taxes for wealthy people should mean more money flowing into the stock market.

Using a 1099 or independent contractor means not having to worry about payroll taxes and benefits, which saves businesses money.

With 401 (k) and traditional IRA accounts, the money goes in tax - free, meaning you'll have to pay taxes when it comes out.

(Anything lower involves what the tax man considers «imputed interest,» which means the money is a gift that's liable to be taxed.)

That means that while your friend or relative may not be receiving any interest on the money you borrowed, the IRS will tax them as if they were.

Putting money in one of these accounts means you'll save on taxes and have cash on hand for medical bills.

This means that the money you send to your 401 (k) won't be taxed until you withdraw at the age of 59.5.

Even though it means you have more taxes, it especially means you are making more and more money with both your blog and your dividend income.

This means that all of the compound interest — or money that your money makes won't be taxed when you take it out.

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.

Which means the money invested there — the $ 1,375 — will grow at a lower after - tax rate than money in the Roth IRA (assuming the same rate of return before taxes).

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

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.

And over time, more taxes coupled with higher fees and less diversity means less money in your pocket — not more.

In the next decade, the infrastructure deficit will become a full blown crisis but Harper's $ 60 billion tax cuts means the government will have no money to respond to it.

One example is companies have used cryptocurrency as a means to evade taxes since it isn't classified as money.

A tax deduction lowers your taxable income, which means you owe less money to the IRS.

By «clean exit» the EU means that Greece must sell off enough of its assets to pay the ECB for the money it used to bail out bad loans of French and German banks and bondholders who financed tax evasion and capital flight to Switzerland and elsewhere for over 25 years.

Experienced money managers like to say you shouldn't «let the tax tail wag the investment dog,» meaning you shouldn't let concerns about the tax effects of an investment drive your buy and sell decisions.

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.

All of my long - term investments are held in four different accounts, three of which are tax advantaged (Roth IRA, a 401k, and an SEP - IRA), meaning I get a tax benefit either when I deposit or withdrawal the money.

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.

Legally reducing your tax bill means putting less money in the hands of people who have an uninterrupted track record of destruction and failure.

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.

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.

The loss of capital when you triggered the deferred capital gains tax meant that less money was employed for you.

Hard to ignore the tax benefit, but I do agree that money available immediately as needed might work to teach them some responsibility and show them how to live below their means to build their own wealth machine.

The second option — rolling over the funds into your account — means the money is treated just like the rest of your funds and isn't taxed again if it was taxed when it was originally put into the account.

This means that, if you withdraw money, you can put it back in at a later date in the same tax year without it contributing to your annual ISA allowance.

That money is taken out of your earnings before taxes are applied, meaning you can save more in those accounts.

The transition from hair stylist employee to owning your own booth can mean the difference in setting your own hours and saving money in taxes.

If this means that the Government of Canada is just to transfer money without conditions to provinces, that does not help matters much at all, because for any given level of federal spending there will still be debilitating tax competition between the provinces.

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 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.

If you have other income sources, taking those RMDs can mean you're forced to withdraw more money than you need and you might get bumped to a higher tax bracket in the process.

When investments grow «tax - deferred,» it means you don't pay any taxes on that growth until you withdraw the money in retirement.

This means wealthy families can transfer more money tax - free to their heirs.

He added, «The combination of what he's [Prime Minster Abe] doing [Abenomics] and this new tax incentive means, in my view, Japan is a place where you might make some money.»

It is also important to realize that leaving the company may not be the only way you are leaving your account behind — an unexpected death without beneficiaries named on your account could mean the plan money gets distributed to your estate and can possibly incur unwanted tax implications.

That means you're going to get $ 2,240 taken off your aggregate tax bill; money that would have gone to various levels of the government but now stays in your own pocket as a reward for providing for your future.

This means that some married couples could save money by filing taxes separately and getting on the more - expensive IBR plan, as opposed to the cheaper REPAYE plan.

That's because the money in these accounts, unlike an investment account, grows tax - deferred — meaning you don't pay taxes on the gains or losses that you realize from selling investments in the account.

This means you have worked for this money and you have already paid taxes on it.