Sentences with phrase «paying substantial taxes»

We weren't paying substantial taxes because of our depreciation and interest expense.

In essence, the benefit seems just as restrictive as the British Airways Travel Together Ticket, but less valuable since instead of eliminating the mileage cost of the second ticket entirely, the Economy Companion Reward Ticket merely halves the mileage cost of the second ticket, while leaving you paying the substantial taxes, fees and charges for both tickets.

In addition, the fund could be required to recognize unrealized gains, pay substantial taxes and interest, and make substantial distributions before requalifying as a RIC.

Not exact matches

«Although I don't subscribe to the view that the tax cuts pay for themselves,» he says, «there's considerable evidence to suggest that the increased investment they produce will generate extra revenues to offset a substantial share of those lost to the tax cuts.»

This income being «sprinkled» across the family can confer a substantial tax advantage to the incorporated consultant compared to a family with a regular wage earner who would have to pay full tax on any money given to other family members.

They also pay fairly substantial property taxes on their homes.

If these changes go through, there are many scenarios where a typical middle - class, family - run business from which the owners draw a salary of $ 100,000 could see a substantial — 20 to 50 per cent — increase in tax paid.

All told, though, the plan is, like its House counterpart, a proposal to dramatically slash corporate tax rates, open up a big new loophole for wealthy individuals, and pay for the cuts by dramatically expanding the national debt and ending a number of tax deductions that could leave a substantial share of middle - and upper - middle - class people paying more.

«That being said, Mr. Trump has paid hundreds of millions of dollars in property taxes, sales and excise taxes, real estate taxes, city taxes, state taxes, employee taxes and federal taxes, along with very substantial charitable contributions.»»

The reason for such unanimity is primarily the substantial economic costs associated with taxes on corporations, although the uncertainty as to who really pays such taxes no doubt also contributes to the disdain in which they are generally held by economists.»

Most low - income households do not pay federal income taxes, typically because their incomes are lower than the combination of their allowed standard deduction and their personal and dependent exemptions, or because they receive substantial rebates via refundable tax credits.

While it's true that some people don't have to pay taxes on their Social Security income, benefits are taxable if you have, in the words of the Social Security Administration, «other substantial income.»

GE didn't pay a penny in taxes and actually got a substantial refund.

Because of the low wages they pay workers in South Africa and Latin America, treating their financial losses as tax write offs, when labor negotiations were going on and violence threatened, the companies certainly had the upper hand; the unions accepted a substantial cut in wages and benefits.

I think the theory of it is fine, but I think the practical result is fewer people paying their taxes — some accidentally, some intentionally — and a substantial increase in enforcement costs.

Substantial increases in «sin taxes», which disproportionately hurt the lowest paid?

It's worth pointing out that a substantial minority of Lib Dems are very keen on ideas such as Land Value Tax which would directly address many of the problems arising from asset inequality, in particular the fact that land owners can often make substantial gains in wealth as a result of public works funded out of the income and consumption taxes paid by those of substantially less wealth than themselves.

The billionaire described how he had renegotiated an undertaking he gave as a condition of his peerage to become a full British resident to allow him to retain his non-dom status and avoid paying tax on his substantial international earnings.

And I have been clear that I will work with any group of Senators who have real economic development and jobs - encouragement ideas, who plan to bring substantial tax relief to the people who elected me, who have compassion for the poor and respect for the middle class, who support the improvement of public education and a plan to ease the burden of tuition - paying parents across New York.»

Ashcroft and the Tories have refused to answer questions about when Ashcroft fulfilled the less onerous task of declaring himself a long - term resident, which allowed him to continue to be a «non-dom» paying tax only on his UK earnings and avoiding giving tens of millions of pounds to the tax office on his substantial international estate.

«People who are very wealthy, particularly payers of capital gains tax, people on very high incomes who get substantial income relief under the income tax system should pay more, in order that poorer people and indeed people on middle incomes are lifted out of tax altogether.»

Taxpayers will receive the same net benefit, but SOF spending growth appears lower.3 Other substantial changes include shifts in workers from payrolls in the general fund to those paid by capital funds, reclassifying the Sales Tax Asset Receivable Corporation (STARC) funds from a miscellaneous receipt to an offset against spending, and shifting expenses off - budget as shown in Table 3.

Some people who bought quite modest homes decades ago, and who can't afford to pay substantial annual taxes, will suddenly be landed with a big bill.

De Blasio initially called for a tax increase on those earning more than $ 500,000 to pay for universal pre-K, but in recent days he has abandoned that push and is simply saying he is «confident» he will get substantial funding.

And then there is his substantial baggage: sending children to private schools, his shares (recently relinquished) in a family company that doesn't pay a living wage or recognise trade unions, and previously owning shares in a tax - haven firm.

Widely regarded as the most substantial departure to date from the traditional «step - and - lane» pay scale, the «Professional Compensation plan for teachers» required Denver's teachers to vote for a new pay model and local voters to boost taxes by $ 25 million annually to fund the program.

In addition to substantial savings at purchase, used - car buyers pay less for insurance, taxes and registration.

This income being «sprinkled» across the family can confer a substantial tax advantage to the incorporated consultant compared to a family with a regular wage earner who would have to pay full tax on any money given to other family members.

If a combination of pensions, Social Security, and savings will provide ample income, it might be easier to manage mortgage payments in retirement and still receive a substantial tax - deduction for the interest paid.

The rules let you give a substantial amount during your lifetime without ever paying a gift tax.

If you don't make that withdrawal now, you may have to pay a substantial amount of tax down the road, when your non-registered funds are depleted and you're forced to make larger concentrated RRSP and RRIF withdrawals.

I'm wondering whether it would be wise to cash in our RSPs and use the after - tax amounts to pay down the mortgage on our investment property, which is substantial right now (and I'm concerned about interest rates going up).

Otherwise you may run afoul of a complicated IRS calculation called the «substantial presence test,» which may require you to pay U.S. income tax.

The amount of the WEP benefit reduction depends on the year you turn 62 (eligibility year) and the number of years in which you had «substantial earnings» and paid into Social Security, with the maximum reduction potentially applying for those who paid Social Security taxes for 20 years or less (see table).

If the conversion is substantial, you may wish to speak with your tax person and determine if you should pay estimated taxes so that you can escape tax penalties.

You'll pay even more when you sell, notably a substantial commission to the real estate agents involved and perhaps also steep local transfer taxes.

While it's true that some people don't have to pay taxes on their Social Security income, benefits are taxable if you have, in the words of the Social Security Administration, «other substantial income.»

Some tax planners suggest that life insurance be purchased to pay taxes on deemed disposition at death, but for older persons such as Harry and Phyllis, the cost could be substantial.

Capital gains distributions must be made by a mutual fund manager because tax law dictates that substantial portion of investment income and capital gains must be paid to investors.

PMI is an extra fee that can add a substantial amount to your monthly mortgage payment (especially when you consider interest, homeowner's insurance, and taxes), and you may be required to pay this amount until the equity you have in your home reaches the twenty percent threshold.

The prospect of a substantial tax bill can be daunting, but paying taxes now may be a worthwhile tradeoff for potential tax - free earnings growth and tax - free income in retirement.

For example, the 90 percent factor is not reduced if you have 30 or more years of «substantial» earnings in a job where you paid Social Security taxes.

I have substantial debt, but I am only required to pay 10 % of my discretionary income for 10 years, at which time the balance is forgiven tax - free (public service forgiveness).

They require that you have substantial equity in your home and that you are able to pay annual property taxes, home insurance and general upkeep.

The major possibility I see is using this card for up to $ 2,500 in purchases a month that would otherwise incur a substantial transaction fee, such as paying rent, loans, or maybe taxes.

The downside of this is you still must pay the taxes and fees, which are substantial.

Currently our Federal and Provincial Governments are paying a hefty premium for wind produced energy as well as providing substantial tax breaks and subsidies for wind farm developers.

In an earlier article, «Paying For It,» (December 10, 2012) published in the aftermath of Hurricane Sandy, Kolbert forcefully made the case for a carbon tax both as a way to create the incentives needed to reduce carbon pollution and as a substantial source of revenue, preferable to other kinds of taxes.

It takes an IQ greater than oneâ $ ™ s shoe size to pen something comparable to poetry, yet in addition to his substantial carbon footprint, Al Gore stands to net billions of US dollars for his global warming scam, upon none of which will he pay taxes.

Yukos was subject to substantial tax increases as a result of Russian tax revisions and when the company was unable to pay the incremental taxes, it was declared bankrupt in 2006 and its assets were seized and sold off.