Sentences with phrase «tax bill because»

These sentiments may rise in response to residents of high - tax burdened markets receiving a higher tax bill because of the new limit.

Any matching money increases your income but not your tax bill because you do not pay taxes on matching contributions until you withdraw them after retiring.

Either you will be faced with a huge tax bill because the amount of your forgiven loan is considered income by the IRS; or — as ECMC disarmingly admitted in the Murray case — you will be broke.

So you end up with a lower tax bill because you are taxed on a smaller amount of money.

By splitting the lump sum payment into two, you'd lower your tax bill because the second payment would be taxed when you receive it (in the following year).

No matter if you need to pay a tax bill because you earned more than expected or had too little tax withheld from your paycheck, owing the IRS can be scary.

Your message can be long or it can be as simple as this: My name is X and I am a constituent of Representative X. I am calling to ask him to oppose the Republican tax bill because it undermines funding for quality public education for all students.

Representative Lee Zeldin, a Long Island Republican, voted against the House tax bill because of the elimination of the federal deduction for state and local taxes.

«I'm concerned, obviously, about this tax bill because it's going to raise taxes on the middle class,» Gillibrand said.

The repeal of the military's ban on openly gay service members was a top priority, but many Democratic lawmakers were upset with the president's tax bill because it temporarily extended all the Bush - era tax cuts, including those for the wealthy.

In fact, millions of people stand to see higher tax bills because of the elimination or curtailment of deductions such as one for state and local taxes, according to the Joint Committee on Taxation, the nonpartisan official scorekeeper for Congress.

If the proposal is approved, the additional debt is not expected to raise residents» property - tax bills because the bonds would be financed over 20 years and combined with existing debt, Clousing said.

As many as 13.5 million Canadians have lower tax bills because health and dental benefits are not treated as taxable.

While real estate associations such as the National Association of REALTORS ®, the California Association of REALTORS ® and the National Association of Home Builders are adamantly against the proposed tax bills because of how they will impact homeownership, House and Senate Republicans hold the key to the future of tax policy.

Landlords should also benefit from the proposed tax bills because their renters will likely pay less federal taxes.

Not exact matches

Many conglomerates have been holding onto non-core assets because they didn't want to generate a big tax bill on the sale.

The impulse from this spending bill is likely to be even larger for the economy than the tax cuts because the multipliers are significantly larger,» he told CNBC.

Many conglomerates have maintained divisions because selling them would generate a big tax bill.

«This is really a power grab and it's a phony bill because the whole intention is to take it up to our state supreme court to overturn the constitutionality of the no income tax that has been the tradition of our state, as well as state laws,» Hutchison told CNBC.

Bill English, New Zealand's deputy prime minister and finance minister, says the country is doing well because of tax and public sector reforms.

And because most of the Senate bill's individual tax breaks expire by 2027, more than 20 million households with income below $ 200,000 would face tax increases by then.

«It's still sad because you're trying to market this bill as something that's going to help families, using the child tax credit as a fig leaf, and even within the fig leaf you're hurting children.»

Alec Phillips, a political economist at Goldman Sachs, recently raised his chances of a tax bill passing soon because of how quickly the bill had advanced through the House and Senate committees.

No, they first drew the attention of Liberals because they'd drawn the attention of the Finance department, because the use of incorporation to avoid hefty tax bills was increasing rapidly.

State Assembly Gaming Committee Chairman J. Gary Pretlow predicted Cuomo will endorse the bill, partly because many young New York voters play the fantasy games and because it would generate tax revenues.

Trump said Wednesday that it was «important» to vote on the tax bill next week, but not only because the GOP lost a seat in Alabama.

Incidentally, Trump's own tax bill has been shown to be millions of dollars more because of the tax.

«What the Democrats are willing to do is important, because in the Senate, with rare exceptions like the tax bill, we have to have Democratic involvement,» McConnell said, noting that he «would not expect to see that on the agenda.»

(It probably will be, because profitable private companies can trigger huge estate - tax bills.)

The total tax bill is low in Montana because it's one of four states with no sales tax.

Quarterly bank earnings, for example, are expected to take a major hit because of the tax bill.)

Observation: Although the standard deduction increases for all taxpayers, because of the increase in the bottom tax rate from 10 % to 12 % and the elimination of personal exemptions, some lower income taxpayers could see a small increase in their tax bills under the Trump tax plan.

If an itemizing taxpayer with a tax rate of 39.6 percent gives $ 100 to a local college, for example, that charitable deductible gift has an after - tax cost to the taxpayer of $ 60.40 because of the $ 39.60 reduction in his or her income tax bill.

The AOTC is one of the most valuable credits because it's refundable; if the credit brings your tax bill to $ 0, you can receive some money back in the form of a tax refund.

I wonder how Bill Gates would have felt if we said maybe we should tax those operating systems you're selling because you will lose the telephones and all the postal workers will be replaced.

Trump's tax bill went into effect in January, but just because it's live doesn't mean businesses will suddenly see their systems overturned.

Check Your Withholding: The government estimates that most taxpayers will see a drop in their tax bill when 2019 rolls around, but because the new law has many twists and turns (especially for those who live in high property and income tax states), your best bet is to assume that your tax liability will be at least the same as this year.

«I like the Roth, because it removes the uncertainty of what your future tax bill might be.»

It's because of that delicate majority that many White House officials expect a tax bill — if it eventually becomes law — to more closely resemble the Senate bill.

Now, she's put British Columbians right where Petronas wants us — she can't deliver an LNG tax bill to the house because Petronas hasn't finished drafting it yet,» said Horgan.

And because you've prepaid the taxes on the Roth IRA, your beneficiaries won't be hit with a big tax bill when they receive income from the account.

Some cryptocurrency investors are stuck with a huge capital gains tax bill they can't pay because of losses this year.

In retrospect, and in light of the conflicting reports about what may be contained in the final draft of the bill, this has proved prophetic because moments ago, Axios reported that week's 2nd biggest events — after Trump's announcement of Jay Powell as the next Fed chair — the release of the Republican tax bill is being postponed by at least one day, from Wednesday to Thursday.

Yet we continue in the enjoyment of our everyday lives, brainwashed and happy because we don't care if we are enslaved by taxes and bills as long as we have our pretty homes, our many possessions and our nice cars.

The infrasturcture bill that would have created jobs and spent some of our tax dollars on repairing our failing transportation system was shot down by republicans because they «feel» it's too socialist and would give Obama a «win» which they can not accept, regardless of the need for both the repairs and the jobs.

If atheism is such a peaceful cult, because it is in fact a cult, then why doesn't Bill Gates who have billions of dollars don't shares it with the poor and the needy ones instead of using the so called giving money to charities which he do to avoid over taxes and then reclaim his donations on his next income tax form.

There's nothing worse than getting a tax bill at the end of the year because you didn't withhold enough.

Skinner and the federation agree that if the bill fails, taxpayers could save millions of dollars because park district borrowing - and tax rates - will go down when current bonds are retired, probably within the next few years.

Because bond and interest funds will be retired, district residents would not see an increase in their tax bill if the referendum initiative is approved, Mammoser said.

The tax bill that passed last month was able to use the reconciliation process because the majority of the tax cuts were to the business tax rate.