Sentences with phrase «tax at a higher rate»

In peer countries like Canada, some citizens are taxed at higher rates throughout the year, the Organization for Economic Cooperation and Development notes, but they get a lot more from their government in terms of social services, including health care.

Taxing them at higher rates is an increasingly popular argument, but as usual, who knows if anyone is listening to Cuban's blog rants.

You may be taxed at a higher rate by signing up for private health insurance.

Investment property is taxed at a higher rate and to see if it makes sense for the individual they should consult a tax advisor, as it depends on the various residency schemes and which one they are in Portugal under.

Because your deduction reduces the amount of income taxed at your highest marginal rate, this calculation works in most situations since taking the deduction means you have less income being taxed at the highest rate you pay.

Capital gains should be taxed at a higher rate.

It's important to understand that moving into a higher tax bracket does not mean that all of your income will be taxed at a higher rate.

Itâ $ ™ s more likely that corporate tax cuts have led to some income and tax shifting from other tax jurisdictions (such as the Tim Hortonâ $ ™ s deal) or from personal income, which is taxed at a higher rate.

Compared to other types of income, earned income produced within the United States is taxed at the highest rate.

Gains from day trading are considered short term and are taxed at a higher rate than long - term capital gains.

Gains on sales of these assets by individuals are currently taxed at a higher rate than other long - term capital gains.

You may want to save those losses for use against future capital gains that may be taxed at a higher rate.

Britons would be able take one short - haul flight a year at the standard rate of tax but subsequent flights would be taxed at a higher rate.

It is easier to attack the rich (who are still being taxed at the higher rate) than to admit the revenue to continue to fund these interests no longer exists.

He wants to hit up NY for another $ 14B annually, says,» why not let's tax them at higher rates and let my Southern goober friends just stay on the gravy train!»

That way states could tax at a high rate without the additive effect of state taxes on top of federal taxes.

The higher than average Wall Street salaries, as well as the annual cash bonuses, are taxed at a high rate in New York, and help to balance the state's budget.

Legislator Barbara Miller - Williams, D - Buffalo, cautioned AFSCME members, a number of whom were present at the meeting, that the $ 1,000 bonuses would be taxed at a high rate.

Several centuries ago, refined sugars were expensive to produce, and were also taxed at a higher rate.

Wealthy districts» ability to raise more revenue at comparable or even lower tax rates has two impacts — wealthy districts are able to outspend poorer districts with comparable or lower tax rates, and homes of similar values are taxed at a higher rate in poorer school districts.

They'll go to another poor school district and get taxed at a higher rate.

Though poor communities often tax themselves at higher rates than wealthier communities, their low tax base means they can't raise as much money as wealthier towns.

Non-privileged districts with taxpayers taxed at higher rates are in effect subsidizing the higher funded, lower - taxing districts.»

Considering the current scenario in the Indian market where under the GST, hybrids are being taxed at a higher rate, this move from Mahindra does come as a jolt.

At least we know that with hybrid cars set to get taxed at the highest rate (43 %) with the GST effective next month, Honda will see no incentive in bringing down a hybrid variant again.

The Bookseller reports David Gauke, the UK's exchequer secretary, said the UK could not do this and remain in compliance with European Union law, which classes electronic media as services rather than goods and requires they be taxed at the higher rate.

Later, GoodEReader.com reported on the taxation of ebooks in Germany in which ebooks are taxed at a higher rate than print books as the... [Read more...]

when your marginal tax rate is higher) to avoid paying taxes at a higher rate.

This makes sense when the income earned in the business is taxed at a higher rate than the spouse / child would pay personally, reducing the overall tax bill.

Another thing to keep in mind is that short - term gains you realize on securities you have held for less than a year are taxed at a higher rate than long - term gains, or gains on securities held longer than a year.

You can convert your $ 3 million IRA if you want to, of course you'll pay taxes at the highest rate.

In that case you would be eligible for a Solo 401 (k), and you might even be better off as a result of all that maneuvering (even though you'll be taxed at a higher rate for any income you do keep, likely, and have to pay self - employment tax).

Essentially, that means placing equities in your non-registered account and fixed income in your RRSP because the latter is taxed at a higher rate.

When you move up a marginal tax rate, only that portion of your income that falls into the higher Federal Income Tax bracket is taxed at the higher rate.

Yet the first dollars you convert will eliminate distributions that will be taxed at the higher rate, or 25 % in this example.

If you convert too large an amount, the bunching of income into one year can cause you to pay tax at a higher rate than if you withdrew money from your traditional IRA more gradually.

You should hold bonds and GICs inside your TFSA, because the interest they produce is normally taxed at a higher rate than other investment income, true or false?

Interest from savings accounts, bonds and GICs is taxed at a higher rate than dividends or capital gains, so you benefit more by keeping them in a TFSA.

The general idea is that when you're in your high earning years, you want to take maximum advantage of tax deductions and defer some income so you can avoid paying tax at a high rate.

Rather only the amount above the cutoff is taxed at the higher rate.

Tax policy can also influence how companies choose to return cash to shareholders — if dividends are taxed at a higher rate than capital gains, this creates incentives to return cash via buybacks and debt reduction.

Using money from outside the retirement account to pay tax on the conversion effectively increases the amount of money sheltered from tax, and over a long enough period the benefit of this added sheltering outweighs the detriment of paying conversion tax at a higher rate than the anticipated withdrawal rate.

And forgive me for mentioning this, but your own death may cause your retirement account to be taxed at a higher rate, whether you leave it to a surviving spouse who has to file single or to beneficiaries in a younger generation who may be faced with required minimum distributions during their peak earning years.

This is similar to a defined benefit pension in that if this money puts you at a reasonably high tax rate then any RRSP withdrawals will be taxed at a high rate and you lose part of the benefits of the RRSP.

Finally, in your later years, when you may need extra money for quality of life, will you really care that you are paying income tax at a high rate or just be happy that you saved it rather than spent it because your marginal tax rate was low at the time you earned it?

If your child's tax rate is higher than yours, your child pays tax at the higher rate.

It is possible that later you will be paying tax at a higher rate, but what is the total net after tax in comparison?

Keep in mind that ETFs that traffic directly in precious metals (e.g., gold, silver, platinum) are considered collectibles and taxed at a higher rate.

Ordinary income is taxed at a higher rate than returns on a stock portfolio.

In that same discussion, I also showed a case where there is still an advantage to an RRSP even when the withdrawals are taxed at a higher rate than the contributions reduced taxes.