Sentences with phrase «much tax was»

You are given a W - 2 by your employer, and this form shows how much you were paid and how much tax was withheld from your paycheck.

His refund will depend on how much tax was withheld from his pay during the year, and the credits he qualifies for (likely the earned income credit and the additional child tax credit).

From this starting - point, the authors also make an estimate of how much tax is being evaded in Greece.

I can't tell if you are talking about your home sale details and how much taxes you are going to pay or have paid, or whether you are telling me how much taxes I'm going to pay without knowing all the details.

On the opposite end of the spectrum, if you ended up getting a big refund check last April, you might want to increase your allowances in order to lower how much tax you are having withheld.

In reality, the government doesn't actually know how much tax is being lost owing to cash - in - hand payments and told Channel 4 they don't have «a separate estimate of the tax gaps that results from people paying in cash».

Deductions are typically expenses that the taxpayer incurs during the year that can be applied against or subtracted from his gross income in order to figure out how much tax is owed.

However, we do know that the W - 4 is a form taxpayers use to determine the amount withheld from a paycheck and affects how big a refund is, or how much tax is owed, when they file a tax return on Tax Day.

If you're not sure how much tax to set aside, our income tax calculator will estimate how much tax you are likely to owe so you can plan how much money to set aside or prepay.

To learn how much tax is withheld by your fund, click the «Distributions» tab on its web page and look under the heading «Foreign Tax Paid.»

But don't just base it on how much tax you're paying now or expect to pay in the future.

Should you find that too much tax is withheld which translates to a refund at year end, you can apply to reduce the withheld amount by using the following tax forms:

The following table will help you work out how much tax you are paying and what your marginal tax rate is, or you can use our income tax calculator.

Or how much taxes they were paying.

Reports can be created to show how much tax is owed across all pending invoices and how much tax has been generated across all invoices.

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.

How much tax is owed on the gain?

Not exact matches

Fox said he eventually expects Mexico to produce and export as much as 60 percent of the marijuana used by those in the U.S. Fox said cannabis «has to be integrated into NAFTA,» allowing it to be traded across the border «without barrier, without taxes and limits, only complying with the law.»

Those business owners have long complained that the disparity is unfair, especially in view of the fact that many multinationals pay much less than the 35 percent statutory corporate tax rate by exploiting abundant loopholes and tax breaks available to large, global corporations.

A much - maligned report from the Treasury Department said the tax bill would need to be coupled with other economic policies to make up for the new debt.

Any proposed legislation on tax reform will likely only use the plan as an opening bid where much more detail will be necessary.

As far as any substantive discussion of small businesses goes, the last GOP debate in mid-September left much to be desired, though altering the tax code and adopting a flat tax system, which affects businesses of all sizes, were hot topics.

If that's too much, cut the tax paid by fast - growing companies, which are the ones outfits such as the International Monetary Fund say are deserving of special treatment.

And then there is my much - beloved discount to discourage bureaucracy, which reduces my fee when clients don't ask me for contracts, tax records, travel receipts, bank statements, procurement forms, visa forms, birth certificates, etc..

Exactly how much taxpayers would save — or how much more they would pay — depends on many factors, and as Business Insider's Josh Barro pointed out, tax cuts for middle - class Americans aren't likely to be as sweeping as Republicans make it sound.

We don't know exactly how much of this increase is the result of tax cuts.

«There hasn't been much bang for that buck,» he says, noting that Canadian firms have generated $ 745 billion in after - tax cash flow since 2001.

As a veteran of past tax reform initiatives, I wondered how the government had come to generate such anger from small business owners and whether a much needed tax reform scheme could be rescued.

If the government is set on making taxes fairer, it needs to be much clearer about what it means

My advice is to make an educated guess at your annual income early on in the year, as this will allow you to identify roughly how much tax you will owe at the end of the year.

If you avoid doing this, you are left with having to scrape together a lump sum to pay your taxes bills and if you save and discover you've saved too much, well, there's a little bonus for you.

People have accomplished that by exploiting a giant loophole: The size of the tax deduction is based on a claim about how much the land's value is diminished by the promise not to develop it.

How much of that revenue would actually be subject to income tax is difficult to say, however.

That may mean that much of the $ 25 billion in capital gains taxes that Americans are estimated to owe on their digital currency holdings which will go uncollected.

So for millions of American business owners, dropping the corporate tax rate — something both President Trump and Treasury Secretary Steve Mnuchin have long championed — is much ado about nothing, leaving most small business owners feeling lukewarm about the President's promises to alter the tax code.

He did not sufficiently prepare us for how much money we were responsible for in taxes.

While it is not yet clear who will win the respective party nominations, much less the presidency, the fact that so many top presidential candidates have begun releasing plans demonstrates that tax reform will be a top priority for whoever next sits in the Oval Office.

On this side of the 49th parallel, the cash problem isn't so much tax evasion and drug dealing as counterfeiting.

Though Canada's provincial revenue volatility troubles have much more to do with resource royalties than personal income taxes, Alberta and Newfoundland could perhaps learn a thing or two from the trials and tribulations south of the border — and how the smartest states are trying to fix the problem.

The consequences of a bad tax return are much more serious than a bad haircut.

Much the year - end maneuvering noted by the Rockefeller Institute involved the country's millionaires and billionaires rearranging their finances to maximize the portion of their income that would be taxed in 2012, at lower rates, rather than in 2013, at potentially higher rates.

That was because capital gains taxes were set to rise in early 2013 — a hike that would cut Evolution's windfall as much as 5 percent.

It wasn't immediately clear how much of the change reflected confidence that the tax - cut legislation moving through Congress will boost growth, or other factors such as pickups in business spending and global growth.

The other 41 states have either a flat income tax — meaning everyone, regardless of how much they earn, pays the same percentage of their income to the government — or a progressive income tax, which means your tax rate is determined by your income.

• I'm glad that I managed to figure out that President Obama's post-Presidential pension and other benefits are worth roughly twice as much as his Treasury proposal would allow regular people to have in pensions and retirement accounts without facing tax penalties.

While we'd like to keep as much money as possible in the business to hedge against a downturn, we find that we're hindered by our corporate form and tax status.

Additionally, Olavsrud said, the money you convert — and there are no limits on how much you're allowed to convert — counts as income, which could potentially drive you into a higher tax bracket.

For investors worried that the market is pinning too much on tax - reform prospects — especially as the GOP announced it had to delay by at least one day the release of its plan, which had been scheduled for Wednesday — sectors bets being placed by those with $ 1 million or more in brokerage accounts don't show an overreliance on any single factor.

«You could sense how much confidence there was when Congress passed the tax bill.»

It is difficult to generate much sympathy for large television importers such as Sony and WalMart, snack food manufacturers and insurance companies, which makes them ideal targets for retroactive taxes.