[17] The respondent argued that a plain reading of the reference in s. 95 of the Insurance (Vehicle) Act to only «the gross income that the person lost in that period less the amount that would have been payable on that gross income» compels one to the conclusion that the past income loss award is to be taxed without reference to taxes otherwise payable during
the same taxation year.
Can I take 15k out of the 50k unused rsp room as an rsp deduction to offset the 14k in taxes owed in
the same taxation year?
Not exact matches
Every school district in the State will get a massive increase in funding in 2018 — due to the double
taxation of the Old Local Levy Rate plus the New State Levy Rate — both at their maximum in the
same year.
You have to use capital losses to offset gains in the
same year, but you are allowed to carry back additional losses and apply them to gains realized in the three previous
taxation years, or carry forward the losses indefinitely.
FICA and Medicare taxes have remained the
same for several
years, but the upper limit for
taxation of Social Security has increased.
As for the 2
years, the
taxation remains the
same for FDs or debt funds.
When properly managed, tax - free features can accumulate over the
years, and can be withdrawn from the policy exempt from any
taxations, at the
same time, the proceeds from the insurance can be passed on to the policyholder's estate without any tax.
In past
years, the
same Department of Finance warned the entire
taxation system would come crashing down if
same - sex couples got the tax status of married couples and would therefore cost anything up to $ 2bn.
Using the
same data, Wilson found that about 66 per cent of those reporting real property gains in the 2005
taxation year had net incomes of $ 50,000 or less.