Sentences with phrase «point deduction by»

Note: Though points are generally reduced by half after one year, you may also earn a four - point deduction by successfully completing a defensive driving course.

Not exact matches

«One of the keys to selling tax reform is the president making the point that tax reform will unrig this economy by stripping out the special - interest deductions and carve - outs that riddle this code,» said Tim Phillips, president of Americans for Prosperity, a group founded by the billionaire industrialist Koch brothers that is spending heavily to push changes to the tax code.

Repealing the deduction would raise the effective tax rate on manufacturing by over 3 percentage points.

Westchester County Executive George Latimer pointed to the $ 10,000 cap on state and local tax deductions by the federal government as having «changed the game» for taxpayers in New York, making the limit on tax levy increases all the more important.

Collins told POLITICO that if the standard deduction is doubled from its current point and brackets are adjusted, only the very wealthy would be hurt by their inability to deduct income taxes.

In a statement Thursday, Business Council Heather Briccetti pointed to the tax plan in the Senate going «even further» than the House bill by completely eliminating the deduction of state and local taxes.

The rates do not factor in tax exemptions or deductions, as pointed out by E.J. McMahon from the Empire Center for Public Policy.

The point is simply that there is more to the story than multiplying the (incorrect) number of students by the maximum potential deduction.

Wells Fargo customers with a «Portfolio by Wells Fargo» will be eligible for a 0.50 % percentage point deduction to their APR if they enroll in automatic repayment, and customers who have a qualifying checking account can receive a 0.25 % deduction for enrolling.

It reduces the amount of your personal exemption deduction by 2 percentage points for each $ 2,500, or fraction thereof, by which your AGI exceeds the threshold amount for your filing status.

Although it works by reducing itemized deductions, its practical effect is usually the same as an increase in your tax rate by about one percentage point.

Unless otherwise instructed by the Event Owner, The Company shall be entitled to redeem and deduct the agreed number of GC Award Points from the Event Planner's account even if the Event Planner is no longer engaged or employed by the Event Owner at the time of redemption and deduction of the GC Award Points.

K's point was: Now on the global scale, since there is not (and can not be) any proof by deduction that the models perform adequately, let me turn to induction and say that knowing the poor performance on local scales increases the probability of poor performance on the global scale.

One key to selling condos is to convince buyers that they are better off owning versus renting, which is done by pointing out the benefits of the current low interest rates, the mortgage interest tax deduction and how property appreciation increases equity, says Robert Kaplan, managing director in Holliday Fenoglio Fowler's Miami office.

We say «ostensibly» because initial analysis by the Congressional Budget Office (CBO) points out that in spite of the «doubling» of the standard deduction, losses in other areas still result in a negative trade - off for the middle and lower classes.

Getting the Maximum Deduction On a conventional mortgage (usually a fixed - rate, 30 - year loan that is not insured by a federal agency), points may be paid by either buyer or seller or split between them.

To figure the annual deduction amount, divide the total points paid by the number of payments to be made over the life of the loan.