Sentences with phrase «tax burden if»

I'm worried this will cause her more tax burden if she can not take the standard deduction.

Not exact matches

If your employees are looking for a way to reduce their tax burden and control out - of - pocket health care spending then this guide to setting up a flexible spending account could be the right way to go for your company.

And if you have investments or shares, your accountant can provide advice about ongoing management as well as how to set things up correctly in order to manage any Capital Gains Tax burden.

Additionally, he said, «if you're a business owner with a net operating loss for your business, you can use a conversion to offset that loss without having to bear the tax burden.»

Taking out a mortgage may become even more of a burden if the GOP tax plan goes through without change.

WALLACE: But, sir, independent experts, including your own Treasury Department, say that shareholders, people who own stock get — they are 75 percent to 85 percent of the burden from higher corporate tax rates and that if those corporate tax rates are lowered, that they will get 75 percent to 85 percent of the benefit, not the workers.

If the income tax system is to have the lowest tax rates possible then the government should not be burdening the income tax system with distortive special tax preferences that are neither effective nor efficient.

If it looks like the tax burden will be high, consider going on an income - driven repayment plan instead.

During initial conversations with the director of alternative asset investments, it became clear that the family office was burdened with tax needs that created a unique value proposition for selling a number if its limited partnership interests in venture capital funds.

For example, if it was too much of an administrative burden for a company to keep track of precisely when it reached the previous year's total payroll, the government simply sent a refund when that business filed its taxes.

The plan could also lead to a significant backlash if employers decide to ignore their general tendency not to issue pay cuts and start slashing salaries to pay for their new tax burden.

If one spouse is launching a new business and it comes with a lot of expenses, or has returned to college and can claim credits, filing separately may result in a lower tax burden.

If you want much bigger government, you have to pay for it with broadly based taxes, even if the rich and upper middle class bear the biggest burdenIf you want much bigger government, you have to pay for it with broadly based taxes, even if the rich and upper middle class bear the biggest burdenif the rich and upper middle class bear the biggest burdens.

Can the tax burden be shifted from personal income tax (PIT) and if so, to where (e.g., the GST)?

And to cap matters, bankers seek to distract voters from realizing that if the government does not tax land rent and other unearned income, it must burden labor and capital — consumers and employers.

If you haven't taken a look at how tax - efficient investing can help lower your tax burden and increase long - term wealth, talk with your Morgan Stanley Financial Advisor or Private Wealth Advisor and ask for a copy of the whitepaper Tax Efficiency: Getting to What You Need by Keeping More of What You Eatax - efficient investing can help lower your tax burden and increase long - term wealth, talk with your Morgan Stanley Financial Advisor or Private Wealth Advisor and ask for a copy of the whitepaper Tax Efficiency: Getting to What You Need by Keeping More of What You Eatax burden and increase long - term wealth, talk with your Morgan Stanley Financial Advisor or Private Wealth Advisor and ask for a copy of the whitepaper Tax Efficiency: Getting to What You Need by Keeping More of What You EaTax Efficiency: Getting to What You Need by Keeping More of What You Earn.

If you are considering selling shares in a privately held company, you may find that donating a portion of the shares to a charity or donor - advised fund account before the sale can help to reduce your tax burden and enable you to give generously to charity.

«If by a fiscal conservative, one means a person who wants to reduce the size of government through less government spending, lower taxes, balanced budgets and lower debt burdens, then Harper is clearly not a fiscal conservative.»

The theory is if you push that income tax burden to the next year you pay less income tax.

The median Swedish family has a standard of living rough iv comparable with that of the median U.S. family: wages are if anything higher in Sweden, and a higher tax burden is offset by public provision of health care and generally better public services.

If Republicans insist on making sure that the tax burden on the affluent stays at the levels of the George W. Bush presidency, then we are eventually going to get single - payer, centrally rationed health care.

Also, if I was working and we were paying for childcare, we could claim that cost and reduce our tax burden (you can pay for childcare with pretax dollars.)

If someone chooses to indulge in a vice that puts an economic burden upon their neighbors, then let them pay a tax as part of the freight.

While the changes were designed to alleviate the potential burden on a broader swath of taxpayers, the plan if enacted would still have a cascading effect on a high - tax state like New York.

But if you still have the same old crushing taxes, and the same old burdens and an anti-business climate no matter how many new buildings you build, and they may be filled for a couple years but then they'll start leaving like everyone else is doing today,» Astorino added.

And the situation will be even worse, the governor has warned, if the tax reform plan currently under negotiation on Capitol Hill eradicates New Yorkers» long - standing ability to deduct their state and local taxes, helping to take the sting out of the fact that they live in the state with the nation's highest property tax burden.

He concluded with a waspish idea: if so much money was available, why not cut basic rate income tax by 2p to reduce the burden of recession at home rather than giving away unmanageable amounts of aid abroad?

«If the burden of Medicaid were lifted off the backs of our county property taxpayers we could cut every homeowner and businesses» property taxes by 54 %,» said Rensselaer County Executive Kathy Jimino.

If he believes that the state's tax structure is a job - killer and one of the chief reasons why upstate New York remains mired in a permanent recession, he ought to ask for broader tax cuts, including a decrease in the state's personal income tax rate, which tops out at nearly 9 percent (that does not include the additional tax burden placed on city residents, who pay up to 3.8 percent in personal income taxes.)

Colin Ben Nathan added: «The imbalance between the tax burden on employment and self - employment remains very large and may be the biggest issue to be addressed if the tax system is to keep pace with working practice.

Cuomo and House Democrats from New York — including Rep. Sean Patrick Maloney, D - Cold Spring — have argued the federal government should reimburse the state for the counties» Medicaid cost share if it wants to ease the property - tax burden on county taxpayers in New York.

If we rebalance the tax system, closing the loopholes at the top to cut income tax for everyone else, we can take a huge step in easing the financial burden that prevents people from changing their circumstances.

If he wants to retain this chip — perhaps to barter for shifting the tax burden away from income — then he ought to set HMRC on working out the full effects, as he did for the 50p tax.

If the Governor and Legislative Leaders are going to talk the talk about tax reform they better walk the walk with results or taxpayers will make them walk the plank in the deep waters of the 2014 election with the heavy burden of failing to fulfill the promise of significant tax relief!»

if these «representatives» of the people truly want to make upstate flourish than they MUST drastically reduce the property tax burden

More people would come to California or stay here, she said, if taxes and other regulatory burdens were not so high.

«If we can just continue it for the next 10 to 20 years we will really have a significant relative decline in the tax burden, «McMahon said.

However, New York could also work on lowering its tax burden and if we did, the issue of tax migration would be mitigated.

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.

That imbalance, she said, places a disproportionate burden on the city's property owners, who would face an estimated 22 percent tax increase if the current deficit were to be closed through revenue - raising alone.

If we can reduce a fraction of the annual chargebacks that end up on our property tax bills, the $ 7.5 million cost to the county would be money well spent, especially for taxpayers in Grand Island and the Tonawandas who bear the lion's share of the chargeback burden.

If they win, they get their wish; if they lose, however, the increased tax burden will destroy their liveIf they win, they get their wish; if they lose, however, the increased tax burden will destroy their liveif they lose, however, the increased tax burden will destroy their lives.

If state policymakers expand voucher programs, this could increase the tax burden of citizens, especially those living in rural communities and small school districts with fewer students.

«If the excise tax remains in the final bill that is approved and signed into law, it will place an unacceptable burden on our members — with approximately 40 percent being affected in the very first year.»

Opponents of the bond question the accuracy of the county's enrollment projections and worry that residents will be burdened by both the 10 - percent property tax increase and the additional debt they'll incur if the measure passes.

Want to reduce tax burden as much as possible if there is any way All sections are utilized for exemptions

Another way to lower the overall tax burden on your RRSP withdrawals is to make withdrawals in low - income years — even if you don't need the money in those years.

If your current net income is high and you'd like an extra source of tax credit, transferring your policy to the charity as described in method three will give help alleviate some of the immediate tax burden.

If you need a smaller tax burden, pay the interest as you go; also, if you expect to switch payment plans at any time, that would trigger capitalization, so the less interest you have accrued, the less your balance will increasIf you need a smaller tax burden, pay the interest as you go; also, if you expect to switch payment plans at any time, that would trigger capitalization, so the less interest you have accrued, the less your balance will increasif you expect to switch payment plans at any time, that would trigger capitalization, so the less interest you have accrued, the less your balance will increase.

If you're able to deduct a significant amount of credit card interest, you could see your company's tax burden shrink substantially.