Sentences with phrase «pays taxes on $»

For example if the free - and - clear house sells for $ 100,000 cash or via a traditional loan, the seller pays taxes on $ 100,000.

If he finances the house and receives $ 750 per month, for example, he pays taxes on $ 9,000 ($ 750 x 12) per year.

If Zuckerberg puts $ 5k into a Roth (pays taxes on the $ 5k «investment»), then using that money to purchase facebook options at 5c a share (which only he can do), then he can purchase 100,000 shares of FB with a market value of $ 2.7 million.

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

Last year that meant the difference between paying tax on $ 500,000 of profit versus $ 1.6 million — which is kind of like getting an interest - free loan.»

If you had $ 40,000 in income but you claim the $ 2,500 student loan interest deduction, you'd only have to pay taxes on $ 37,500 in income.

If he sold that stock in the same year, he would only have to pay taxes on $ 2450 (2850 - 400 = 2450) of capital gains.

For example, if the business has losses in a year of $ 10,000 and you have other income of $ 60,000, then you will personally only have to pay taxes on $ 50,000 of net income.

This means you won't need to pay taxes on $ 4,000 in income, and you'll save $ 1,000 in taxes as a result.

In contrast, if they owned taxable mutual funds or other securities, the heirs would not have to pay taxes on the $ 75,000 in gains because taxable mutual funds enjoy a «stepped - up» basis at death for tax purposes, Trust Point noted.

For example, if you paid $ 10,000 for stock and sold it for $ 25,000, you would have to pay tax on the $ 15,000 capital gain.

Single people paying taxes on $ 1 million, or couples on more than $ 2 million, now pay 8.82 percent under the plan Miller supported — higher than they would have before 2009, but lower than the change Stirpe supported.

Not you have to pay tax on the $ 529 so comes to like $ 579 up front cost.

If you bought a house for $ 200,000 (that's your basis) and sold it for $ 300,000, with closing costs of $ 10,000, you would pay tax on $ 90,000.

You don't pay any taxes on that $ 10,000 gain because you get the $ 20,000 loss.

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.

Your overall income is $ 230,000 above the $ 250,000 threshold for married couples, so you'll pay this tax on all your $ 200,000 of investment income.

By volunteering to pay tax on $ 5,000 in the year you received the stock, you reduced your overall tax liability by tens of thousands of dollars.

If you make $ 70K / year you would pay taxes on $ 60K.

Now your income is $ 150,000 above the threshold, so you'll pay this tax on $ 150,000 of your investment income.

If you have no mortgage you pay taxes on $ 70K and at a 25 % tax bracket the $ 10000 difference is $ 2500.

Yes, the retiree would not pay tax directly on $ 1 of tax - free income but might have to pay taxes on $.50 or $.85 of social security income, so indirectly it wouldn't really be tax - free income.

This means that if your original $ 10,000 investment hasnâ $ ™ t budged and itâ $ ™ s still worth $ 10,000 when it comes time to cash out, you pay tax on $ 10,000 in capital gains.

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

Gambling winnings are taxed when you file just like normal income so your roommate will now have to pay federal tax on $ 100,000 income (between 24 % and 40 % federal, depending on when it is reported and other income he / she has), and potentially state income tax, while the «winner» got $ 80K tax - free instead of paying tax on $ 100K.

Even if you drink only water, by the time you pay tax on that $ 11.99, you've spent the same fifteen bucks that a month of renters insurance would cost you.

Example: You converted a $ 60,000 IRA in 2010 and chose to use the deferral rule, which would normally mean you'd pay tax on $ 30,000 in 2011 and another $ 30,000 in 2012.

As things stand, you'll have to pay tax on $ 100,000 next April, even though only $ 60,000 of that amount remains in your IRA.

You are now responsible for paying taxes on $ 115,000 minus any deductions and personal exemptions you qualify for.

This means John paid taxes on his $ 15,000 contributions that should have been tax - free.

Instead of paying tax on $ 100 of additional income, you pay tax on $ 103 of additional income.

$ 10,000 in a savings account, earning 4.5 % interest, will make you $ 450 per year (then you have to pay taxes on that $ 450).

Their taxable income is $ 186,000, so they pay tax on $ 186,000.

You still pay tax on the $ 1,000 profit, regardless of what stays in the LLC or leaves the LLC.

Paying taxes on $ 5,000 when I already made nothing on my time is a kick in the face.

So you really only end up paying tax on $ 25000 / 2 = $ 12500?

If you withdraw the entire amount, you pay tax on the $ 10 profit.

If I had invested in a Roth account initially, I would have paid taxes on the $ 7k I invested.

If the Titanic assets are worth $ 4 per share, will the company pay tax on the $ 4 per share or does it have a net operating loss (or tax basis in the assets) to shelter to the gain?

If you withdraw half of the amount, $ 55, that's understood to mean $ 50 principle and $ 5 profit and you pay tax on the $ 5 profit.

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

Private equity would get taxed off of «phantom income» at a 15 % compounded rate, i.e., a private equity fund with $ 100 million in equity would have to pay taxes on $ 15 million of phantom income, at the fund if 15 % distributions are not made to shareholders.

«I know that I'll pay taxes on the $ 35,000 but I could sell some ETF units in my non-registered account to pay for it if need be,» says Natalie.

But if the $ 5,000 were in an RRSP (or a TFSA for that matter), you would NOT have to pay tax on the $ 100 interest income (or on dividend income or any capital gains).

I assumed I would only have to pay tax on the $.03 gain.

The result is that the parent has to pay tax on $ 500 that otherwise would have been reported as the child's income.

But I've got to pay taxes on $ 1.85 because I got pushed up above these provisional income levels.

An IRA you could do a $ 50,000 Roth conversion, meaning that you're going to pay tax on $ 50,000, but that $ 50,000 ends up in a Roth, forever tax - free after that.

Like if I invested $ 1000 and then received $ 1200 from it, then I pay a tax on $ 200 while if I do same thing via ETF, I pay it only from half of that amount (being $ 100)?

In the past, some people would forget the intermediate transactions and think that they had invested $ 1000 initially and gotten $ 1375 back for a gain of $ 375 and pay taxes on $ 375 instead.