Sentences with phrase «other than income tax»

Using 2009 statistics for example, and ignoring all federal taxes other than income tax (you get slightly different numbers when you consider all federal taxes), the Top 1 % would have a 36.73 % controlling interest in the federal government and the Bottom 50 % would have a 2.25 % controlling interest.

Transferring the properties from the taxpayer to a holding company may have tax consequences, other than income taxes.

Not exact matches

Labour has said it will raise income taxes on people earning more than # 80,000 ($ 103,152) a year, promising no increases for the other 95 % of taxpayers.

What's more, withdrawals from HSAs for anything other than qualified medical expenses are subject to income tax, plus a hefty 20 percent penalty tax.

The state has no income tax, but a so - called business and occupations (B&O) tax affects some businesses more than others and is the subject of frequent debate.

In other words, Alberta now has the lowest marginal tax rate for high - income earners in North America — even lower than U.S. states with no state income tax at all.

Thanks to disputes over income from Jingle All The Way and other movies, the state of California filed a lien for more than $ 2.5 million in unpaid taxes in 2008.

When the market drops and some of your stocks are worth less than you originally paid, you can sell them and buy a similar (but not identical) fund, and this loss can be used to offset capital gains on other holdings — or even reduce your regular income taxes.

Taxes could be assessed, and no doubt lawmakers in some states would slap a higher rate for lottery winnings than other income.

Colorado residents pay more in taxes — and pay a higher percentage of their income toward taxes, on average — than residents in more than half of the other states.

The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested

Budgetary revenues as a share of GDP are projected to decline from 14.8 per cent in 2015 - 16 to 14.4 per cent in 2025 - 26, as higher personal income taxes, resulting from the progressivity of the tax system, are more than offset by stability or declines in the other taxes.

Code Section 162 (m) limits the U.S. federal income tax deduction for compensation paid to our Chief Executive Officer, our Chief Financial Officer and certain other highly compensated executive officers (including, among others, our next three other most highly compensated executive officers (other than the Chief Executive Officer and Chief Financial Officer) as of the end of the calendar year).

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

This may involve using privatization proceeds to pay down debt, higher corporate taxes, and even higher income taxes if other forms of wealth transfer are robust enough to support them, but one way or another total government debt must be reduced, or at least its growth must be contained to les than real GDP growth.

In other words, one can not simply look at tax rates and conclude that because a two - earner family pays less tax than a single earner family with the same income the tax system is treating people unfairly

In addition, this discussion does not address U.S. federal tax laws other than those pertaining to the U.S. federal income tax, nor does it address any aspects of the unearned income Medicare contribution tax pursuant to Section 1411 of the Code, or U.S. state, local, or non-U.S. taxes.

Of the year - over-year improvement, budgetary revenues were up by $ 11.4 billion, primarily due to higher personal and corporate income tax revenues, while program expenses were up by $ 0.4 billion, as lower other transfer payments and employment insurance benefits were more than offset by higher transfers to provinces / territories, elderly benefits and other direct program expenses.

In other words, over the next five years, this government is planning to spend more money on income splitting for a small number of well off families, a promise made during the 2011 election, than on supporting economic growth and job creation through new spending on research and infrastructure and lowering taxes on investment.

Although the forecast for budgetary revenues appears to be on track, with higher - than - expected personal income tax revenues more than offsetting lower - than - expected Goods and Service Tax revenues, the Budget 2012 estimate for other transfer payments appears to be significantly overstattax revenues more than offsetting lower - than - expected Goods and Service Tax revenues, the Budget 2012 estimate for other transfer payments appears to be significantly overstatTax revenues, the Budget 2012 estimate for other transfer payments appears to be significantly overstated.

Higher - than - expected corporate income taxes and lower - than - expected «other transfers» should more than offset shortfalls in any of the other revenue components.

Seniors who rely solely on Social Security and other retirement income totaling less than $ 12,000 do not have to pay state taxes on retirement income in Virginia.

If you withdraw the money for anything other than eligible education expenses, you'll have to pay income taxes and a 10 percent penalty on the earnings portion of the withdrawal.

The tax rates that apply to a net capital gain are generally lower than the tax rates that apply to other income.

For example, the plan proposed lowering tax rates, increasing the standard deduction, limiting itemized deductions other than charity, limiting maximum charitable deductions annually to 40 percent of adjusted gross income, and allowing charitable deductions only above a floor of 2 percent of adjusted gross income.

Because of the limitations of Internal Revenue Code Section 162 (m), we generally receive a federal income tax deduction for compensation paid to our chief executive officer and to certain other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any fiscal year or is «performance - based» under Code Section 162 (m).

Based on the limitations imposed by Code Section 162 (m), we generally may receive a federal income tax deduction for compensation paid to our Chief Executive Officer and to certain of our other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any year or is «performance - based» under Code Section 162 (m).

The top corporate income tax rate in the US is 35 percent, higher than that in any other developed country.

-- When changes in the composition of families are taken into account — including fewer adults per household as family sizes decrease — the real after - tax income of middle - class families increased 30 per cent from 1976 to 2010 — on par with other income groups, but still lower than the top earners

This discussion also does not address any tax consequences arising under the unearned Medicare contribution tax pursuant to the Health Care and Education Reconciliation Act of 2010, nor does it address any tax considerations under state, local or foreign laws or U.S. federal laws other than those pertaining to the U.S. federal income tax.

The tax bill passed by the House of Representatives cuts taxes on pass - throughs a little differently, by creating a new 25 percent top bracket for pass - through income, lower than the 39.6 percent top bracket on all other individual income.

Budgetary revenues to the end of February are running about one percentage point below that forecast in the Match 2011 Budget, due primarily to lower - than - expected personal income tax and other revenues.

If you have other income sources, taking those RMDs can mean you're forced to withdraw more money than you need and you might get bumped to a higher tax bracket in the process.

Yes, you'll have to pay income tax on the money you pull out for other needs, but in that sense you're no worse off than when you withdraw funds from a Traditional IRA.

Other than in a few exceptional cases, any withdrawal before the age of 59 1/2 will draw a 10 % penalty in addition to the normal income taxes on the funds.

«If you use the money for purposes other than education, you are taxed regular income taxes on any gains plus a 10 % penalty,» notes Benedict.

For example, if you filed for certain tax credits, such as the Earned Income Tax Credit (EITC), the IRS might take more time to review your return than it spends on othetax credits, such as the Earned Income Tax Credit (EITC), the IRS might take more time to review your return than it spends on otheTax Credit (EITC), the IRS might take more time to review your return than it spends on others.

In other words, you owe the 3.8 % tax on the amount by which your investment income exceeds the income thresholds, or, if your wages alone already are higher than the income thresholds, you'll owe tax on the lesser of net investment income or MAGI that exceeds the thresholds.

The increases in GST and other revenues to date are somewhat larger than those expected in the November 2013 Update, while personal and corporate income tax revenues are somewhat lower.

If your clients withdraw money for something other than qualified higher education expenses, they will owe federal income tax and may face a 10 % federal tax penalty on earnings.

Fidelity ® Conservative Income Municipal Bond Fund (FCRDX) This fund, whose income is normally exempt from federal income taxes, might be appropriate for investors looking for more yield than money market funds are providing, and wanting to take a more conservative approach to both credit and interest rate risk than many other bond Income Municipal Bond Fund (FCRDX) This fund, whose income is normally exempt from federal income taxes, might be appropriate for investors looking for more yield than money market funds are providing, and wanting to take a more conservative approach to both credit and interest rate risk than many other bond income is normally exempt from federal income taxes, might be appropriate for investors looking for more yield than money market funds are providing, and wanting to take a more conservative approach to both credit and interest rate risk than many other bond income taxes, might be appropriate for investors looking for more yield than money market funds are providing, and wanting to take a more conservative approach to both credit and interest rate risk than many other bond funds.

The businesses drilling for oil and gas and mining coal enjoy effectively lower income tax rates than other American businesses because of an array of favorable provisions in the US tax code.

A Shareholder that is not a US Shareholder as defined above (other than a partnership, or an entity treated as a partnership for US federal income tax purposes) is generally considered a «Non-US Shareholder» for purposes of this discussion.

There are several ways that someone can owe more than $ 1,000 in taxes such as too many allowances, capital gains, interest, dividends, and other non-wage income.

:: Households of Bangladeshi, Pakistani, black, mixed and other backgrounds were more likely to receive income - related benefits and tax credits than those in other ethnic groups.

If you sell it for less than your inherited basis, the result is a capital loss, which you can use as a tax write - off against other investment gains or other income.

The Government must give better and fuller guidance to tax credit and other benefit claimants about the circumstances in which they may still claim the child element of child tax credit or universal credit for a third or subsequent child born on or after 6 April 2017, says the Low Incomes Tax Reform Group (LITRG).1 Previously announced changes to tax credits, universal credit and some other benefits which limit payment of the child element to no more than two children come into effect today (6 Apritax credit and other benefit claimants about the circumstances in which they may still claim the child element of child tax credit or universal credit for a third or subsequent child born on or after 6 April 2017, says the Low Incomes Tax Reform Group (LITRG).1 Previously announced changes to tax credits, universal credit and some other benefits which limit payment of the child element to no more than two children come into effect today (6 Apritax credit or universal credit for a third or subsequent child born on or after 6 April 2017, says the Low Incomes Tax Reform Group (LITRG).1 Previously announced changes to tax credits, universal credit and some other benefits which limit payment of the child element to no more than two children come into effect today (6 ApriTax Reform Group (LITRG).1 Previously announced changes to tax credits, universal credit and some other benefits which limit payment of the child element to no more than two children come into effect today (6 Apritax credits, universal credit and some other benefits which limit payment of the child element to no more than two children come into effect today (6 April).

If the question is, are there countries with progressive tax rates that have less income and wealth inequality than other countries with less progressive tax rates, then yes, they've worked.

For more than 30 years, New York City charged a reasonable, minuscule income tax — 0.45 % — on approximately 800,000 suburban workers who make daily use of our city's roads, subways, police and other services.Over the strenuous objections of then - mayor Rudy Giuliani, Silver strong - armed his own Democratic members and ended up making an alliance with Republican members to kill the tax — not for any rational reason, but simply to boost the political prospects of an obscure suburban Democrat who was trying to win a Senate seat in a special election.

His complicated cats - cradle of tax credits and benefit payments and funding streams provides more help to some families than others on much the same incomes.