Sentences with phrase «tax burden for»

In order to preserve as much of your inheritance as possible, you need to learn the best way to minimize the tax burden for each asset.

Anchorage, Alaska Tax burden for a family of three earning $ 25,000: $ 2,236 Tax burden for a family of three earning $ 150,000: $ 5,095

«The QFREB would have liked to see the Québec government adopt measures to reduce the tax burden for first - time homebuyers, as did his Ontario counterpart last fall,» says the federation.

The proposal would reduce the corporate tax rate to 20 percent — down from the current maximum 35 percent — and lower the tax burden for pass - through entities, including partnerships and limited liability companies.

It will change your tax burden for sure.

With a top federal rate of 39.6 percent, plus a state income tax of 9 percent to 13 percent, plus property taxes — which are no longer fully deductible — the tax burden for high earners approaches Scandinavia, where tax rates are in the high 50 percent range.

The MCC helps reduce the tax burden for homebuyers, freeing up funds for the down payment and other expenses.

Well - versed in the tax code and legal ways to minimize the tax burden for clients.

To minimize or eliminate the tax burden for your heirs, you may wish to consider permanent life insurance to cover taxes and the cost of an estate settlement.

Once you know your best filing status, it's time to look at ways to reduce your tax burden for the upcoming year and make the most of your income.

Authorized user can't be legally responsible for tax payment — Though it may be a noble idea, an authorized cardholder who got into debt trouble can't take on the tax burden for the friend whose credit he damaged.

The Foreign Tax Credit was implemented to reduce a double tax burden for citizens earning income outside of the United States — once by the United States and again by the foreign country where the income is derived.

As an example a household income of 20K / 100K split in income increases the tax burden for the higher earning spouse increases 3K.

In this case, I'd just gift the full $ 70k and take the nominal hit to my lifetime exclusion rather than create a tax burden for myself.

Fund managers often attempt to realize capital losses at certain points throughout the year in order to offset capital gains, thereby minimizing the tax burden for fund shareholders.

On top of that, the mortgage deduction will help to reduce your tax burden for the following year as well.

Personally, I like to plan for a return of about $ 1000 to provide a little cushion incase I underestimated my tax burden for the year.

We continue to have a school funding system that does not provide an equal educational opportunity for our children; does not meet the additional needs of the three student populations identified in our standard; and does not provide a fair and equitable school tax burden for property owners.

Proponents further perceive vouchers as a form of «tax justice,» which offsets a family's tax burden for public school services they do not use.

Instead of giving out tax breaks to a select few businesses, DeFrancisco, R - Syracuse, believes the state should work toward ways to lower the tax burden for everyone.

But local governments and green groups bitterly oppose the measure, citing concerns over reduced payments to their localities and school districts, a lack of comprehensive study and how the program might change under future administrations — all of which would lead to a larger tax burden for local taxpayers.

«We can lower the tax burden for all of the people of New York State as well as across the country, as we're doing under tax reform,» said Reed, a Corning Republican who sits on the tax - writing Way and Means Committee.

Syracuse lawmakers agreed to a pilot program Monday that will ease the tax burden for developers renovating the historic Hotel Syracuse.

If Andy Spano can not see the logic in that how about the WHOLE county share the tax burden for the Sewer Treatment Upgrades that New Rochelle Residents will be hit with in the near future.

In that vein, Cuomo announced the Middle Class Economic Recovery Act — a set of proposals aimed at creating jobs and infrastructure, improving access to education, and lowering the tax burden for the middle class.

The tax burden for the state's residents remains among the highest in the nation.

The new tax code will sharply cap a deduction on state and local taxes, increasing the tax burden for many New Yorkers.

This is the second Cuomo - created tax commission, which was tasked by the governor with finding ways to reduce the property tax burden for New Yorkers.

Assemblywoman Nicole Malliotakis, a Staten Island Republican, is sponsoring a bill to lift the tax burden for New York athletes who win Olympic medals.

«By reining in excessive property tax costs and building on accomplishments achieved over the past six years, our efforts to reduce wasteful spending and increase public involvement in local government with these shared services plans will lessen the tax burden for residents and ensure New York remains the greatest state in the nation.»

And one proposal by New York Governor Andrew Cuomo aims to at least ease the tax burden for about 1.3 million people across the state.

We look at his clever framing of the anticipated additional tax burden for those high earners.

There can be no reduction in the tax burden for five years, says Chief Secretary to the Treasury Danny Alexander in an interview in the Observer.

This includes funding critical programs without increasing the tax burden for residents.

Day subsequently sponsored a resolution calling upon the state to eliminate the mobility tax burden for Rockland, as well as Orange, Dutchess and Putnam Counties, whose collective representation on the MTA board amounts to a vote of one.

Faso stated that he supports the measure because he is fighting to lift the tax burden for New Yorkers — adding that Cuomo's father, Mario, supported the concept when he was governor.

«It will result in a reduction of federal funding for mass transit, will significantly impede the MTA's access to the capital markets and will increase the tax burden for all of our customers.

Indeed, the reduction of existing duplications and the expected economies of scale would reduce the tax burden for the citizens (e.g. military spending, bureaucracy).

«Employers and taxpayers across Upstate New York have struggled under the weight of New York's massive tax burden for far too long.

The estimated tax burden for state residents, at just 7.1 % of per capita income, is second lowest of all states.

One of the ways that the President proposes to reduce the tax burden for multinational corporations is through a one - time tax «holiday» on the repatriation of foreign earnings.

The MCC helps reduce the tax burden for homebuyers, freeing up funds for the down payment and other expenses.

Today, Nebraska's income tax rates range from 2.46 % to 6.84 %, with a number of deductions and credits in Nebraska that lower the overall tax burden for many taxpayers.

Even in the toughest economic times, our Government has worked hard to reduce the tax burden for Canadian families and Canadian businesses.

«Overall speaking, the tax burden for manufacturers in China is 35 % higher than in the U.S.,» Cao Dewang told China Business Network in an interview.

A number of French taxpayers challenged the classification by the Council of State and won, resulting in a verdict that significantly reduces tax burdens for most French investors.

«Eliminating or significantly modifying this deduction will lead to higher tax burdens for tens of millions of middle - class taxpayers of every political affiliation, an outcome contrary to the stated goal of providing meaningful relief to taxpayers,» said the letter co-signed by outgoing NCSL President Deb Peters, of South Dakota.

Retailer eBay also sent an email to its New York customers, urging them to contact their legislators and «eliminate harmful tax burdens for small businesses and consumers.»

Further, the use of charitable mechanisms to reduce tax burdens for wealthy UK residents has in recent days become big UK news.

The purpose of this benefit is to not penalize seniors with additional property tax burdens for making a lifestyle change.