Sentences with phrase «significantly higher income tax»

These two catalysts could eventually produce a political or economic reaction that could result in significantly higher income tax rates down the road.

Not exact matches

Not to mention, it is very likely that liquidating an inherited IRA will push your beneficiaries into a higher tax bracket, causing their annual income to be taxed at a significantly higher rate.

In recent years, the Affordable Care Act and the bipartisan tax negotiations in late 2012 have led to large increases in tax rates on high salaries and capital income, making the tax code significantly more progressive.

Although the forecast for budgetary revenues appears to be on track, with higher - than - expected personal income tax revenues more than offsetting lower - than - expected Goods and Service Tax revenues, the Budget 2012 estimate for other transfer payments appears to be significantly overstattax revenues more than offsetting lower - than - expected Goods and Service Tax revenues, the Budget 2012 estimate for other transfer payments appears to be significantly overstatTax revenues, the Budget 2012 estimate for other transfer payments appears to be significantly overstated.

Choosing an older beneficiary, even as a contingent beneficiary, can reduce the stretch significantly and expose heirs to higher income taxes as assets must be withdrawn in larger amounts

Expiration of the so - called «millionaires» tax rate and bracket in 2020 will significantly mitigate the impact of the SALT deduction cap for high income earners.

As someone whose household income has been stagnant for several years — until this year, when it's dropping significantly — let me state categorically that I would welcome the opportunity of paying more taxes on a higher income.

Higher Credit Quality, Lower Volatility and Comparable Yields Preferreds have significantly higher credit quality than high yield bonds, have exhibited lower volatility and can offer similar yields with potential tax advantages on income as some preferreds providHigher Credit Quality, Lower Volatility and Comparable Yields Preferreds have significantly higher credit quality than high yield bonds, have exhibited lower volatility and can offer similar yields with potential tax advantages on income as some preferreds providhigher credit quality than high yield bonds, have exhibited lower volatility and can offer similar yields with potential tax advantages on income as some preferreds provide QDI.

The unique characteristics of an annuity product that can offer significantly higher after - tax guaranteed retirement income for life.

Finally, when timing the sale of your cottage, remember that a large capital gain — say, from the sale of property — during a high income year can significantly increase the amount of tax you pay, overall, depending on your province of residence and your income sources.

Similarly, if you're a higher income earner, starting with good pay or getting started a little later in investing, you won't need to worry about owing significantly higher taxes on withdrawals than you will on contributions and a traditional account would be more appealing for the initial tax breaks.

Capital gain taxes increased significantly for high earners in 2013, and many face an additional 3.8 % net investment income tax (NIIT) on passive investment income like capital gains.

My scenario isn't particularly «generous» — only a high wage earner would qualify for an $ 800,000 mortgage, and the interest paid on that mortgage, as well as the property tax, significantly exceeds the standard deduction, as does the state income tax likely paid by that wage earner (as an example, I pay tens of thousands of dollars in state income tax in California — all deductible from my federal tax return).

Notably, these limits only apply if the amount of advanced tax credits was too high, such that the taxpayer was overcredited and needs to pay back the excess amounts received; if the credits were too low, there is no limit on what the taxpayer can receive in additional credits when the tax return is ultimately filed (beyond the limits of the premium assistance tax credit itself) in the event that income dropped significantly and a higher credit was due.

The maximum marginal federal ordinary income tax rate of 39.6 % is significantly higher.

But this year, due to significant tax hikes at the high end of the wage spectrum, it's possible that a high - earner's final tax payment could rise significantly despite (1) their income not having changed, and (2) having made all their quarterly payments.

Similarly, if you're a higher income earner, starting with good pay or getting started a little later in investing, you won't need to worry about owing significantly higher taxes on withdrawals than you will on contributions and a traditional account would be more appealing for the initial tax breaks.

With a handful of exceptions, LIHTC pricing is significantly higher in zip codes where one or more top 20 U.S. banks operate branches, according to «The CRA and the Low - Income Housing Tax Credit Program,» a recently released performance study by CohnReznick.