Sentences with phrase «only pay taxes on»

You only pay taxes on the gain, and with the costs of buying and selling, you probably won't have any unless you got a good deal.

Do you only pay taxes on the cryptocurrencies you convert to fiat currency or are like - to - like transactions taxable as well?

Many people roll over tax qualified funds into a «tax - deferred» immediate annuity, because in many cases the user only pays taxes when they receive the monthly payment (so taxes are spread over time) and they only pay taxes on the portion of their payment attributable to tax qualified deferred income.

You will only pay taxes on it at the time you withdraw the funds.

And, you'll only pay taxes on the amount that you withdraw from your tax - deferred accounts, while the rest of your money can continue to grow tax - deferred.

If you put in $ 5,500 each year into a Traditional IRA and you make $ 60,000 per year, you'll only pay taxes on $ 54,500.

That means that you only pay taxes on much of the dividends when you sell the shares.

You only pay taxes on the portion of the withdrawal that's not a reimbursement for a qualified medical expense.

If you decide to withdraw the entire HSA balance (to pay for that birthday party), you'll only pay taxes on the $ 10,000 portion that's not a reimbursement qualified medical costs.

In the traditional IRA or 401K, you have a tax advantage in each year of contribution, and you only pay your taxes on withdrawal when it is taxed like income.

If you do that, you'll only pay taxes on the sale if the stock has moved up since you bought it.

Now you only pay taxes on $ 3,000, you save some money, and you can reinvest that $ 18,000 in a different mutual fund.

in that example, you would characterize $ 20,000 from the Roth, back to the IRA, and therefore only pay taxes on what you end up keeping.

It is an individual retirement account in which you only pay taxes on contributions and all future growth is tax - free.

If I convert at this stage, I would only pay taxes on $ 5k.

You only pay taxes on the income the annuity provides.

You only pay taxes on your own holdings, as opposed to (if you owned shares of a mutual fund) having to pay taxes when that mutual fund's capital gains are distributed among all of its investors.

After the reverse rollover, you can then convert the Traditional to the Roth IRA and only pay taxes on the gains you incurred since opening the IRA.

The Roth investor never will, and the regular IRA investor will only pay taxes on it when they pull the money out.

You will only pay taxes on the amount over your initial investment.

So you really only pay taxes on 92.65 % of your profits.

If you remove funds for any reason other than a medical expense before you reach age 55, you not only pay taxes on the funds, but a 10 - percent penalty as well.

So if you paid $ 2500 in student loan interest, and you earned $ 60,000, you'll only pay taxes on $ 57,500.

With a Roth since you put post-tax money in and aren't taxed when withdrawing, doesn't this mean you only pay taxes on your contribution amount?

You did not get to deduct the $ 2,000 when you actually bought the asset, but on the other hand, when you sold the asset that $ 2,000 became your cost basis and you only pay taxes on the $ 1,000 gain.

You only pay taxes on the profits you make by selling your shares.

And some countries have a territorial taxation system, meaning you only pay taxes on locally generated income, not your global income.

In C corporations, stockholders only pay taxes on dividends, year to year, and are not liable for taxes on the total profit made.

It's important to remember that your 401k contributions are deducted from your taxable income, so you only pay tax on the money and interest when you take the money out (long into the future!)

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

As far as the taxes go you only pay tax on the full retail price if you are in a couple of states (Nevada and California) if I'm not mistaken.

A hypothetical person who earns $ 75,000 but contributes the full $ 5,500 only pays taxes on $ 69,500.

However, you only pay the tax on a portion of your profit.

Because capital gains are only taxable in the year they are realized (that is, when you sell at a profit), an investor who held XCG in for the whole five years would have only paid tax on that very small dividend.

You only pay tax on the annuity payments as they're made to you.

You will only pay tax on the amount that you must withdraw annually.

For instance, if you sold your cottage and realized a $ 50,000 profit (from purchase price to sale price), you'd only pay tax on 50 % of that gain, or on $ 25,000.

(Assume that I am not reinvesting any tax refund as a result of the deduction) Since the deduction balances out the future tax (presumably), I am only paying tax on the gains, however over 20 years, those gains could be greater than the original $ 4000 itself.

Since the deduction balances out the future tax (presumably), I am only paying tax on the gains, however over 20 years, those gains could be greater than the original $ 4000 itself.

If you are only paying taxes on what you made in VT, than it wouldn't matter what you made in WA, since your tax liability would only be the income you made while living in VT..

If you took it out of an IRA or a retirement account, you would not only pay tax on it, you would also pay penalties for early withdrawal.

He subtracts the $ 2,000 loss from the $ 3,000 capital gain and only pays taxes on the difference — $ 1,000 so he will pay $ 150 of tax instead of $ 450.

5,000 dollars in a TFSA that grows to 25,000 in 20 years only paid tax on the original 5,000?

In a taxable account both profits and losses generate tax effects, but over time you only pay tax on the net profits - profits minus losses.

As for the books, you only pay tax on your gains, and you can choose to pay taxes quarterly, but it rarely makes sense for an individual investor that has a full time job.

Also, for the purpose of tax computation, you will be sure that you are only paying taxes on business related transactions while you can easily deduct all your tax deductible expenses.

Note you only pay the tax on the overage (above the 14.5 k), not the full amount.

In retirement that means you can be pulling from both souces (401K and Roth) but only paying taxes on part of your «income» at that point, which can mean you more easily meet your income needs, but pay lower taxes than if you had to derive all the retirement «income «from taxable sources.

For instance, if you purchased an annuity with $ 100,000 and in 10 years it is worth $ 190,000, you would only pay tax on the $ 90,000 of interest earned.

As Tom had held the shares for more than 12 months, he will only pay tax on half the profit.