Sentences with phrase «never pay taxes on»

And because long - term - care benefits aren't taxable, you'll never pay taxes on your gains, says Kitces.

You'll never pay taxes on the portion of the withdrawal that you can justify with receipts — regardless of your age.

With the Roth, you won't save any money in taxes now, but you'll be able to grow that money for decades and never pay taxes on any of it.

If your CD is held in a Roth IRA, you might never pay taxes on the interest, even when you withdraw it.

Essentially stating with a Roth 401k you never pay taxes on your contribution which just isn't correct.

You'll never pay taxes on withdrawals of your Roth IRA contributions.

Even though you MUST pay taxes on the ROTH conversion, you may actually never pay taxes on the Traditional IRA.

However, the money grows tax - free, so you never pay taxes on your earnings.

The result is years, sometimes decades, of unrealized capital gains that increase the value of your mutual fund's share price but don't ever get distributed — and thus, you never pay taxes on them.

You never pay taxes on contributions, dividends and capital gains within your 401 (k) account.

You'll never pay taxes on withdrawals of your Roth IRA contributions.

I'll never pay tax on that 50k with a Roth.

The disparity comes from the fact that you don't pay capital gains until you sell an asset, but when the original owner dies, he never sold the asset (and hence never paid tax on the gains).

«It also depends on the holding period, because if we have a capital gain, but we still plan on holding that security for a long time, sometimes it's better to pay a little bit of tax early, so we never pay tax on it again.»

You've never paid taxes on these earnings and the earnings will continue to grow tax free.

And you may never pay tax on those gains if you utilize the next benefit.

Deductible traditional IRA funds means he has never paid taxes on the money and in fact received a «tax deduction» when he originally made the contribution; let's just say in 2005.

I understand we never paid taxes on the money and should pay them on the conversion.

A key benefit of using RDSPs is they allow money to grow tax - sheltered, meaning the individual for whom the account is set up (the beneficiary) never pays tax on earnings until funds are withdrawn.

You never pay tax on the money inside your TFSA, so you can invest in interest - bearing options like bond funds and GICs, or aim for growth in the form of investments like stocks.

A cash ISA is simply a savings account where you never pay tax on the interest.

It's also not counted as a charitable deduction, because you never paid tax on, it so it's a wash.

In those cases it would be better to be in a TFSA since it's more flexible and you'll never pay tax on the gains.

Unlike normal trading accounts you'd never pay tax on your quick gains, just the trading fees.

These are the actual returns from inception (1 January 1999) showing the returns as if you initially bought all of the investment vehicles in the exact amounts, on the first trading day, the trades all magically settled the same day, all distributions were reinvested, you never made another trade other than the monthly rebalancing and investment switches that occurred in the master model (and all of these trades settled on the same day), never put new money in, never paid taxes on it, and never redeemed shares.

These are the actual returns from inception (January 1999) showing the returns as if you initially bought all of the investment vehicles in the exact amounts, on the first trading day, the trades all magically settled the same day, all distributions were reinvested, they never made another trade other than the quarterly rebalancing and investment switches that occurred in the master model (and all of these trades settled on the same day), never put new money in, never paid taxes on it, and never redeemed shares.

In other words, if you put $ 1 into a Roth IRA during your working years and it grows to $ 5 by retirement, you'll never pay tax on the $ 4 profit.

The only way an investor would own an exact investing model is if they initially bought all of the investment vehicles in the exact amounts, on the first trading day, the trades all settled the same day, all distributions were reinvested, they never made another trade other than the quarterly rebalancing and investment switches that occurred in the master model (and all of these trades settled on the same day), never put new money in, never paid taxes on it, and never redeemed shares.

And you may never pay tax on those gains if you utilize the next benefit.

Qualified plans are great, but they are fully taxable at retirement as you have never paid tax on them.

Not exact matches

Here's the catch: You pay some taxes on restricted shares in the year you get them, even though they may never be worth anything to you.

I have had things like people who never paid their taxes, people who lied on the show, people who didn't think that if they spent money on their personal credit cards it should be considered an expense.

Without significant increases in corporate taxes and taxes on the wealthy, it is now a virtual certainty that ordinary Canadian families will never enjoy the generous social programs enjoyed by most European families: enhanced maternity leave benefits, livable minimum wages, legislated paid vacation time of up to six weeks a year, genuine unemployment insurance, home care, pharmacare and more.

All those taxes you paid upfront to the cunning government, and you'll never once get to utilize the returns on your Roth IRA.»

As I understand it, with a dividend growth portfolio you would never realize the gains and hence pay no taxes on the gains.

That means you'll never pay a dime in taxes on that investment growth, even if it enjoys 40 years of compounding.

As long as he follows the rules of Roth IRA investing, he will never pay a single penny in taxes on the money he makes in the account.

As you may have guessed, this was designed to create a 401 (k) equivalent of the Roth IRA, to which the investor contributes after - tax funds (no tax deduction), but, in exchange, will never have to pay taxes again on any of the capital gains, dividends, interest, or future withdrawals from the account provided the rules are followed and there are no statutory adjustments in the meantime.

We ran into one cyclical recession in the» 70's, and the Republicans seized on it as an excuse to rig government and society for the benefit of people who are already rich, while taking away opportunities from everyone else... then they crushed the unions so that workers would never be able to get back better pay and better job security, while investors make more and more and pay less and less in taxes.

Mormons are democrats and republicans but they probably feel bad that a member of their faith gets so much negative slanted stuff from media about him (Even from others of his Faith on the left like Reid who falsly said he never paid taxes and «isn't the face of mormonism» because he has sullied his religion (but reid only plants that rumor and does nt back it up) He is no angel i'm sure, but I doubt he is as bad as media protrays.

I pay my taxes, including those taxes NOT paid for by religious groups who don't pay their fair share, have never relied on welfare, paid back all of my student loans, with interest, raised happy, fulfilled and accomplished children (who are also atheists), and I vote in all elections.

We were never in danger of getting hit by the new 50p top rate of income tax, and I don't remember MPs» staff getting their moats cleaned on expenses, yet IPSA has nonetheless inflicted an effective pay cut on people who were already on relatively low pay.

Martins, a former state senator, says he'd get rid of the county guarantee that makes Nassau pay tax refunds to school districts and other municipalities on money it collected but never kept.

Let's be like the French, where the government has to hike income taxes to heights never seen in the world on the very people, who are least able to pay it (because the high income earners can afford to move and they DO move somewhere else).

Score a victory for the Cayuga Indian Nation in their ongoing, and seemingly never ending fight over whether they have to pay taxes on cigarette sales.

Since 1913 the Feds never asked anyone to pay income tax on the postiion of their income that was used to pay state and local taxes.

Even so, the economy determined both elections: in 1992, because voters were scared of the taxes they would have to pay under Labour; in 1997, because the Conservatives never recovered from the humiliation of the pound crashing out of Europe's exchange rate mechanism on Black Wednesday more than four years earlier.

And guess what the pubs did there was never a vote on weather or not U will pay those taxes... all in the manner of state business.

Although the governor has never revealed the details of his deal with the publisher — an arm of News Corp. — Cuomo's tax returns show he received $ 188,333 from the publisher in 2013, and his May filings with the state Joint Commission on Public Ethics revealed that he is in line to be paid deferred compensation between $ 550,000 and $ 650,000.

You will owe taxes on «income» you have not yet received (often called «phantom income»), and if your stock later loses value or the company fails, you will have paid taxes on income you never received.