Sentences with phrase «reduced by income»

Ann's defined benefit income cap is further reduced by the income she received from her life - expectancy pension while she was also receiving the reversionary pension ($ 104,000).

I suppose you could say that it is indirectly reduced by income tax payable on your pension, so planning when to take CPP, RRSP / RRIF withdrawals and company pensions should be considered so you can pay the least tax possible.

Not exact matches

A number of prominent GOP Senators, including Sen. Bill Cassidy, are sounding a defiant note on President Trump's proposal to end Obamacare payments to insurance companies — payments that help reduce the deductibles and out - of - pocket costs paid by low - income Americans who purchase a mid-level «Silver» plan in Obamacare's markets.

The math on stock buybacks is pretty simple: by repurchasing your own company's stock in the market you reduce the number of shares outstanding, thereby increasing your earnings per share by cutting your denominator (earnings per share is calculated by dividing income by shares outstanding).

According to Forbes, studies conducted by University of Florida professor Timothy Judge found that «people with high core self evaluations, or positive self - concepts, had increased levels of job satisfaction, better job performance, higher income, higher work motivation and reduced stress and burnout.»

It may not be an issue depending on your expected income in retirement, Peter, but OAS clawback reduces your OAS pension by 15 % of every dollar your net income on line 236 of your tax return exceeds $ 74,789 in 2017.

These alone, Romney said, will reduce healthcare spending by over six percent, and induce up to six million middle - income people to join the ranks of the insured.

The majority of economists including ourselves favored «Proposal A,» a plan that would build on the Bachelet's previous system revision by enhancing solidarity benefits and reducing the cost of converting lifetime saving into retirement income.

«Over the course of a 25 - or 30 - year retirement, it reduces anticipated Social Security income by tens of thousands of dollars.»

One slight relief that many California residents, including them, have had is an ability to deduct state income and property taxes against federal income taxes, reducing their total taxes by 25 percent.

It may be that losing some of the entertainment - related expense deductions will be offset by reduced tax rates in case of corporations and the new 20 percent qualified business income deduction for pass - through entities.

Benefits — Each family / real estate investor keeps average $ 600 / mo for 2 yrs, real estate in all major metropolitans will have a traded price, increase buying power of low income high credit citizens, stimulate real estate investment by making it easier for investors to cash flow a rental property, reduce home inventory, the increase home values and liquidity provides incentive to put the $ X trillion in capital currently on the sidelines back to work and mortgage prepayments will increase capital availability.

A 30 hour work week is seen by some as a way to more evenly distribute the shrinking pool of labor among workers, and reduce the potential of automation to increase income inequality.

The plan cut the corporate income tax from 9 to 7 percent, reduced the estate tax by increasing the exemption, and repealed the state's franchise tax.

This is the phenomenon by which people are pushed into higher income tax brackets or have reduced value from credits or deductions due to inflation, instead of any increase in real income.

Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage.

Homeowners who itemize deductions may also reduce their taxable income by deducting property taxes they pay on their homes.

A $ 1,000 tax deduction reduces your taxable income by that amount.

They will have to either secure additional income by that time or reduce their consumption (or some combination of both).

These are companies that have deferred paying taxes by reducing taxable income in the past with a variety of accounting techniques such as accelerated depreciation, non-deductible intangibles, or holding international profits overseas.

The amount of the charitable deduction available to the donor will, however, be reduced by the amount of the depreciation deductions that would have been subject to recapture and tax as ordinary income if the donor had sold the MLP interest.

In addition, the federal government would reduce its federal taxes (they advocate corporate income taxes) by 90 per cent of the difference between the October 2010 Update projections for the CHT / CHT and the flat - lined amount from 2014 - 15 on.

The indicated rates of return are the historical annual rates of return and reflect changes in unit value, reinvestment of all distributions and the operating expenses of the fund but do not take into account sales charges or administrative fees or income taxes payable by any securityholder that would have reduced returns.

The corporate tax cut that took effect this year helped reduce CTG's income tax expense by more than $ 400,000.

Indicated rates of return in this site are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security - holder that would have reduced returns.

The bank's profits dropped 3.1 %, to $ 5.4 billion from $ 5.6 billion, with that difference in net income due to legal expenses, debt charges and $ 15 billion in stock buybacks that reduced the bank's outstanding shares by 4 %.

With a direct donation to a Schwab Charitable donor - advised fund account, your income taxes are reduced by an additional $ 3,960 and the charity receives $ 10,000 more:

Pursuant to the New LLC Agreement, Desert Newco will make pro rata tax distributions to its unit holders in an amount sufficient to fund their tax obligations in respect of the cumulative taxable income, reduced by cumulative losses, of Desert Newco that is allocated to them, to the extent previous tax

The provision would automatically reduce the income and corporate rates by one - tenth of one percent whenever the November economic forecast projects a sufficient state budget surplus.

Income Trust Conversions: Estimated Federal and Provincial Revenue Effects By Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income tIncome Trust Conversions: Estimated Federal and Provincial Revenue Effects By Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income trustBy Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income trustby TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income trustby corporations converting into income tincome trusts.

The 2015 federal budget reduced the small business tax rate on the first $ 500,000 of active business income from 11 per cent to 9 per cent by 2019.

The deduction will reduce your taxable income, so your adjusted gross income in line 37 will be reduced by the amount of interest you paid.

You can directly reduce your taxable income by including the interest amount on your tax return.

The performance data provided assumes reinvestment of distributions only and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns.

DTI is calculated as your total monthly debt payments divided by monthly gross income, so a lower DTI indicates better financial health and reduces the mortgage rates you'll be offered.

For every $ 1,000 of income above the threshold, your available child tax credit is reduced by $ 50.

For 2017, the contribution limit is 25 % of compensation (20 % of net self - employment income reduced by half of self - employment tax for the self - employed) or $ 54,000, whichever is lower.

Reduce your DTI by paying down some of your debt or by increasing your income.

A tax credit reduces your total income tax bill by the amount of the credit and can result in significant tax savings.

4 Income (loss) attributed to limited partnership unit on a fully diluted basis is reduced by incentive distributions paid to special limited partnership unitholders during the period.

If the market falls by 20 %, the value of the equity holdings will be reduced to $ 180,000 ($ 225,000 * 0.8), while the worth of the fixed income holdings remain at $ 75,000 to produce a total portfolio value of $ 255,000.

A core principle agreed to by all in 1986 was that reform would not reduce the tax burden on high - income taxpayers.

In contrast, the Trump proposal creates sheltering opportunities by reducing to 15 per cent the tax rate on any income that can be characterised as coming from an incorporated entity.

While redistribution of wealth is (by definition) necessary to reduce income inequality, some forms of taxation could make it worse.

As described in the company's Form 8 - K filed today, the company has identified misstatements to date that would reduce previously reported fiscal year 2014 revenue by approximately $ 58 million, net income attributable to Valeant by approximately $ 33 million, and basic and diluted earnings per share by $.09.

Unfortunately these policies reduce demand further by reducing real household income and, with it, the amount households can spend.

The deduction for tuition and fees allows taxpayers (parents, students, or spouses — whoever pays) to reduce taxable incomes by up to $ 4,000.

In the case of personal income taxes, the government has reduced the lowest tax rate by 1 percentage point, increased the basic personal amount and increased the lowest two tax brackets.

High - income taxpayers have their itemized deductions reduced by the limitation on itemized deductions, called «Pease» after the Ohio congressman who proposed the provision.

The student loan interest deduction allows taxpayers with qualified student loans (loans taken out solely to pay qualified higher education expenses) to reduce taxable income by $ 2,500 or the interest paid during the year, whichever is less.