Sentences with phrase «meant an income hit»

Not exact matches

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.

The increased taxes plus increased insurance costs mean a double hit to American incomes.

Hardest - hit are households in the lower middle class, which in 2013 meant incomes from $ 23,300 to $ 40,499.

- GDP per capita is still lower than it was before the recession - Earnings and household incomes are far lower in real terms than they were in 2010 - Five million people earn less than the Living Wage - George Osborne has failed to balance the Budget by 2015, meaning 40 % of the work must be done in the next parliament - Absolute poverty increased by 300,000 between 2010/11 and 2012/13 - Almost two - thirds of poor children fail to achieve the basics of five GCSEs including English and maths - Children eligible for free school meals remain far less likely to be school - ready than their peers - Childcare affordability and availability means many parents struggle to return to work - Poor children are less likely to be taught by the best teachers - The education system is currently going through widespread reform and the full effects will not be seen for some time - Long - term youth unemployment of over 12 months is nearly double pre-recession levels at around 200,000 - Pay of young people took a severe hit over the recession and is yet to recover - The number of students from state schools and disadvantaged backgrounds going to Russell Group universities has flatlined for a decade

He said the reforms would mean a hit amounting to a 76 % loss of income for every # 1 earned as soon as a single parent worked 10 hours a week, as opposed to the current 22 hours a week.

Hardest hit by the cuts were rural districts that could not make up the lost funds through local property digests, and low - income children for whom lower class sizes and after - school programs mean the difference between passing and failing

Something else that happens as a result of that is probably the Social Security payments maybe a little bit less, which means your taxable income will be lower, which might allow you to do more Roth conversions before you hit your required minimum distributions at age 70 and a half, and so the main part of this question is what's the best way to transfer these these retirement accounts to the kids.

Also, if interest, dividends and other investment income are more than $ 2,100 in 2017, you're going to get hit with the kiddie tax (which means you'll pay your tax rate on part of your child's income).

That means that the later you start your career, the less time you have to hit a six - figure income.

Having no consumer debt also means you've got your spending in line with your income so you're less likely to hit the wall once you close and start paying all those new bills.

That means you'll be hit with two years of RMD income on your tax return instead of just one.

No, it means your insurance will pay for the repair / replacement of your car, and any health expenses and lost income you may incur, if an uninsured motorist hits YOU.

If interest rates rise, and I do mean if, because the economy is weak, be ready to see these modern income vehicles take a hit.

This control scheme also led to a few moments where I found myself accidentally blocking an incoming attack when I didn't mean to, locking me into Raiden's defensive stance animation for several seconds before the strike even hit because the execution window is so large.

If we bring all of the poorest up to $ 5,500 per person per year (the global mean income), then in order to stay within the GDP cap everyone above this level (almost all of whom live in the West) will have to take an income cut, with the richest taking the biggest hit.