Sentences with phrase «reduction in income»

Low income individuals may not benefit greatly from reductions in income tax because means - tested benefits are based on net income.

We'd also just taken a significant reduction in income because I'd quit my job to open a business.

The most pessimistic cited a likely reduction in income of 8 %.

With the onset of the recession in 2007 and 2008, husband experienced a substantial reduction in his income.

We meet every day with people who got into debt because of an unexpected reduction in income.

Many people live paycheck to paycheck which makes absorbing a significant reduction in income difficult.

When a parent can not pay support due to unemployment or other reduction in income, the parent should seek a modification of the court order.

There is a very good chance that our partner banks will raise your credit limit provided you have not taken too many other loans or seen a significant reduction in your income.

There would have to be a substantial reduction in my income or I would have to be overwhelmed with the extra work and responsibility of being a broker before I would make a change.

«Given the current fragility of the legal aid supplier base and the time suppliers will need to restructure their businesses where necessary, the introduction of ill - thought out new fee schemes, which are predicted to result in significant reductions in income for a considerable number of suppliers for little more than one to three years» time prior to competitive tendering, poses a great risk for suppliers and clients alike.

The blueprint, Zero Carbon Britain - Taking a Global Lead also calls for green taxes to encourage environmentally - friendly behaviour, offset by reductions in income tax.

Non-recurring events way beyond the persons control that result in sudden, significant, and a prolonged reduction in income, or catastrophic increase in financial obligation, like serious illness or death of a wage earner are generally acceptable.

In a Nov. 15 letter to Speaker Paul Ryan, R - Wis., and Minority Leader Nancy Pelosi, D - Calif., a broad array of scientific and engineering societies called on House leaders to drop provisions in the tax bill (H.R. 1) that would eliminate tax credits, known as the Lifetime Learning Credit and the Hope Scholarship Credit, that alleviate the financial strain of higher education by providing a dollar - for - dollar reduction in the income tax liability of eligible students.

«In the presence of convincing evidence of any measurable reduction in income earning capacity it would be an error in law to dismiss the claim simply because income did not fall after an injury.

Laurel Road Bank may forgive loans if you die or if you can prove a significant reduction in income due to disability.

The Earned Income Tax Credit (EITC) provides an immediate reduction in income tax liability (or a larger refund) for eligible households.

It includes reductions in the income tax for all levels of earners, a cut in the corporate tax rate, a faster phase out of an energy tax and reduction in the estate tax.

Broad reductions in incomes and employment pushed down overall miles driven in the U.S., contributing to steep declines in traffic fatalities in 2009 and 2010.

Reductions in income happen all the time, some by nasty surprise and some by choice.

Many people find themselves in similar circumstances due to a sudden reduction in income or surprise expenses that drain savings and checking accounts.

Seventy - one percent of cash advance customers used the short - term loans to cover a temporary reduction in income or for an unexpected expense.

Loan Modification: If you are facing long - term reduction in your income, your servicer may agree to permanently modify one or more of the terms of your loan to make payments more manageable.

«Approximately a 2 % reduction in incoming sunlight [using a sunshade] is sufficient to offset the warming from a doubling of CO2 from the pre-industrial level of 280ppm to 560ppm.

Presumably, this is at least a reasonable approximation of the actual reduction in incoming solar energy.

If the paying spouse has experienced a serious reduction in income, due to involuntary termination or a health issue, the amount of spousal support could be either reduced or terminated.

It thought that «in light of the economic fragility of the criminal legal aid supplier base, the planned reductions in income for criminal defence practitioners may prove to be unsustainable».

Since the Copyright Modernization Act in 2012, creators and publishers have experienced a drastic reduction in their income for the use of their work by the education sector.

The lowest performing group's pull back serves as a reminder the recovery is not immune to the effects of seasonality, fiscal uncertainty, or notable reductions in income levels.

As far as Fannie Mae and Freddie Mac are concerned, extenuating circumstances are «nonrecurring events that are beyond the borrower's control that result in a sudden, significant, and prolonged reduction in income or a catastrophic increase in financial obligations.»

In an asset — lite business like Amazon, however, most growth spending gets directly expensed to the income statement, creating a much larger immediate reduction in income.

But let's play devil's advocate: say an intense climate communications effort convinces the rich world that we are already far too wealthy for our own good and should happily begin a substantial reduction in our incomes and GDP.

This finance relief program is targeting homeowners who have experienced a significant reduction in income due to involuntary unemployment, underemployment, or a medical condition.

Increased reliance on stock options for CEO compensation has allowed for significant reductions in income taxes paid to federal and state coffers.

Vince Cable, the Liberal Democrats» Treasury spokesman, said: «What we really need is permanent, fully funded tax cuts targeted at those on low and average incomes, through reductions in income tax, rather than giving a temporary VAT cut, which will primarily reward the big spenders who have loads of money.»

You not only avoid capital gains tax from the sale of the asset; you also receive a reduction in income taxes now, as well as in estate taxes when you die.

The size of your overhang (double entendre intended) is a measure of your ability to withstand a reduction in income.

The GST was accompanied by a reduction in income tax which was designed to be larger than the GST effect — i.e. there was over-compensation for the GST.

A reduction in income or consumption taxes, financed by an increase in carbon taxes, would be a clear gain for the higher income, lower carbon demographic.

Excluding all other factors, a reduction in income tax rates will reduce demand for tax - exempt bonds and / or increase tax - exempt yields required by corporate investors, such as banks and other financial institutions.

A key factor contributing to a borrower entering into arrears is a reduction in income, most obviously via a period of unemployment.