Sentences with phrase «of ordinary taxpayers»

It seems we do agree on one thing: the funding should not come so monopolistically out of the pockets of ordinary taxpayers.

Not exact matches

However, if the ordinary shares or ADSs are treated as traded on an «established securities market» and you are either a cash basis taxpayer or an accrual basis taxpayer that has made a special election (which must be applied consistently from year to year and can not be changed without the consent of the IRS), you will determine the U.S. dollar value of the amount realized in a non U.S. dollar currency by translating the amount received at the spot rate of exchange on the settlement date of the sale.

It treats as short - term capital gain taxed at ordinary income rates the amount of a taxpayer's net long - term capital gain with respect to an applicable partnership interest if the partnership interest has been held for less than three years.

The tax body also said that penalties must be kept simple, so that they and the policy intention behind them are easily understandable to the ordinary taxpayer, and there must be a straightforward right of appeal against the imposition of a penalty.

«I've been very clear about my overwhelming... priority, and that is to give tax cuts to the vast majority of taxpayers on low incomes and on ordinary incomes by raising the point at which they start paying income tax.

«This Budget commits taxpayers to a terrifying amount of debt that will burden ordinary families for decades to come.

«New York State deserves a share of this huge windfall to close the budget deficit and return some of taxpayers» hard - earned money to ordinary New Yorkers.

«Cameron is quite right to reduce the figures to a scale and proportion which means something to the ordinary taxpayer; but he's treating us like fools to pretend that this figure of # 70bn is some sort of deep, dark secret which the last government was trying to hide.»

Last year's taxpayer - financed rescues of insurance giant American International Group and others outraged many ordinary Americans and some lawmakers.

You know... something extra sexy that would awe the ordinary taxpayer into a state of silly gratefulness.

When a majority of the income for high earning taxpayers comes from wages, the «ordinary,» i.e. higher, income tax rates come into play, which means that compensation and other «ordinary» income over certain levels is subject to the highest federal tax rate of 39.6 percent in 2017.

For example, assume married taxpayers with $ 40,000 of ordinary income (such as dividends and interest), $ 12,000 of social security benefits, and $ 10,000 of tax - exempt interest.

The effect of this rule is that a taxpayer who purchases a tax - exempt bond subsequent to its original issuance at a price less than its stated redemption price at maturity (or, if issued with OID, at a price less than its accreted value), either because interest rates have risen or the obligor's credit has declined since the bond was issued, and who thereafter recognizes gain on the disposition of such bond will have part or all of the «gain» treated as ordinary income.

Distributions of earnings from nonqualifying dividends, interest income, other types of ordinary income, and short - term capital gains (i.e., on shares held for less than one year) will be taxed at the ordinary income tax rate applicable to the taxpayer.

If the property contributed as a conservation easement is not a capital asset and gives rise to ordinary income, the taxpayer can take a deduction equal to the fair market value (FMV) of the property less any gain that would not have been long - term capital gain if the property had been sold at the time of the conservation easement contribution.

Yep, in case you didn't know, U.S. long - term capital gain tax rates are FAR lower — ZERO for millions of taxpayers — than ordinary income rates.

Ordinary income is taxed at different rates depending on the amount of income received by a taxpayer in a given tax year.

If a property is sold within one year of its purchase, the gain is characterized as short - term and taxed at the same marginal rate as the taxpayer's other ordinary income.

Even if the legislature does make a new law to protect Oklahomans, they may find themselves hopelessly tied up in court against big agricultural companies and conglomerates who are happy to waste taxpayer money on frivolous litigation while their companies continue to rake in huge profits at the expense of ordinary Oklahomans.

I doubt if any Government, however foolish, however desirous of squandering the taxpayers» money, would perpetrate the absurdity of bringing cats from Siberia to a cat - infested country Even if each such cat caught daily three more rats than an ordinary cat, would the purchase be worthwhile?

These voluntary purchasers of «green» electricity or RECs benefit from a wealth transfer since the cost of tax break or subsidy is ultimately borne by ordinary taxpayers (or becomes a part of the national debt).

Critically important, however, is the fact that the cost of this electricity to distribution companies and their electric customers would be even higher if it were not for the tax breaks received by the companies generating the «renewable» electricity — the costs of which are transferred to ordinary taxpayers.