Sentences with phrase «tax dollars taxed»

Not exact matches

With their average annual income hovering around $ 6,000, farmers aren't a rich source of tax dollars.

If you build your nest egg only in tax - deferred accounts like a 401 (k) or IRA, you're going to pay a lot of taxes in retirement when you access these funds — meaning your retirement dollars may not go as far as you'd hoped.

Manafort «borrowed millions of dollars in loans using these properties as collateral, thereby obtaining cash in the United States without reporting and paying taxes on that income,» the indictment says.

Anecdotes of thousand - dollar bonuses by big companies sharing the wealth of their tax cuts haven't shown up in the data.

Since most entrepreneurs use a flow - through entity, such as a partnership or S corporation for their business, every dollar of deduction actually reduces your personal income tax.

Worldwide tax authorities have collected more than a half a billion dollars based on the Panama Papers leak.

Look for more money to be given to the Canada Revenue Agency to fight offshore tax evasion, an investment that has so far helped the CRA reap millions in extra tax dollars while at the same time achieving the aim of discouraging tax evasion by Canadians.

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

Put another way: For every dollar of corporate income tax disbursed, companies paid an additional $ 1.09 in non-profit type taxes, $ 0.70 in other payments to governments, and $ 3.15 collected from customers and employees, and remitted to governments.

Using Ontario as an example, in 2008 the marginal tax rate (the tax owed on the last dollar of income) was 21.1 percent for the lowest tax bracket (up to $ 40,700 of taxable income) and 46.4 percent for the highest tax bracket (above $ 126,300 of taxable income).

True, some investors may still be attracted to tax - loss harvesting because it's like getting an interest - free loan that is paid off in inflation - depreciated dollars.

Assuming government benefits of $ 15,000 per person per year, that will give you $ 40,000 to $ 70,000 a year per couple before tax, or $ 28,000 to $ 49,000 per single, also in today's dollars.

The rising trend for taxes on sweetened drinks has prompted beverage industry giants like PepsiCo and Coca - Cola to spend billions of dollars on advertising and lobbying campaigns against the measures.

As business owners we were required to pay a ten dollar tax each year.

Indeed, citizens» satisfaction is related to what they get for their tax dollars, Sachs tells CNBC Make It: «They are happy because these societies are not only prosperous but also with high equality, social trust and honesty of government.

After spending millions of dollars and several years doing research, a company can still fail to bring a product to market — leaving its investors with little to show for their money except disappointment and a tax write - off.

But a record dollar amount in deals announced in November, coupled with an expected U.S. tax code revamp, could «herald a comeback for deal values and megadeals,» PwC said.

Progress to overhaul the U.S. tax system and President Donald Trump's choice to lead the Federal Reserve could be two major events that lead to weakness for the dollar, according to one currency expert.

Dalhousie University economist Marina Adshade, author of an upcoming book based on her blog, Dollars and Sex, warns not to expect a windfall of tax revenue from a regulated sex industry.

Cut the cost of health - care premiums by buying insurance online at HealthCare.gov to qualify for a tax credit worth thousands of dollars.

Remember, your 401 (k) plan or traditional individual retirement account is tax - deferred money — meaning, for every dollar you take out, you will owe taxes (federal and state).

The tax credits are attractive because they provide a dollar - for - dollar reduction in a taxpayer's state income tax.

But because many of these multinationals do most of their business outside of Portland, the actual dollar amount deducted for the tax would be miniscule: the city estimates it will generate about $ 2.5 to $ 3.5 million per year from this initiative.

Pledges from Trump to overhaul the tax system could push the dollar higher, thus depreciating the euro.

It's this forbidding territory that Exxon (xom), under Tillerson, has turned into one of Russia's most lucrative oil provinces, affording Russia a crucial entry into the fast - growing oil markets of Asia, generating nearly $ 5 billion in tax dollars and other revenue for the government to date, and generally being, by Moscow's lights, a good corporate citizen.

Contributions to HSAs are made with pretax dollars (in most states), assets grow tax - free, and distributions are tax - free if used to pay for qualified medical expenses or as reimbursement for such expenses.

The Senate bill would cut the top individual income tax rate to 38.5 percent — a measure that would benefit Trump, who has disclosed multimillion - dollar annual earnings.

Actual machine guns rarely figure in criminal acts, in part because buying one is such a burdensome, expensive and paperwork - heavy process.The National Firearms Act of 1934 slapped a $ 200 transfer tax on them, the equivalent of $ 3,773 in 2018 dollars.

A trillion - dollar tax cut, for example, leaves more cash in the accounts of taxpayers — the basic idea behind the Bush tax cuts.

A lot.The original AMT collected just $ 122 million — about $ 700 million in today's dollars — which was just over one - tenth of one percent of all individual income tax revenue.

«In addition to ending a key front in the racist war on drugs, regulating and taxing marijuana would generate hundreds of millions of dollars of tax revenue for our people and create important agricultural opportunities for our state,» Nixon said in the Twitter video.

The hospitals are funded by tax dollars, and clearly they don't want to be seen spending those dollars on things the public is likely to find dubious.

If you (a) forego 10 hamburgers to purchase an investment; (b) receive dividends which, after tax, buy two hamburgers; and (c) receive, upon sale of your holdings, after - tax proceeds that will buy eight hamburgers, then (d) you have had no real income from your investment, no matter how much it appreciated in dollars.

That can be tough to do when federal and state taxes are taking roughly 45 percent of every dollar.

Some families may benefit by sheltering after - tax dollars in retirement - savings vehicles, such as Roth individual retirement accounts and some types of annuities, said Will Alford, president of Education Planning Resources.

Now is the time to make smart year - end tax decisions so you can keep more of your dollars working toward your financial objectives.

When you contribute to a Roth IRA, you fund the account with after - tax dollars.

The final (potential) retroactive tax is an arcane GST dispute involving the Finance Department and the insurance industry worth an estimated one billion dollars.

The dollar weakened by 8.5 percent in 2017, creating a tailwind for the technology sector and certain multinational companies that should benefit from lower tax rates on the repatriation of foreign profits.

Incoming Federal Reserve chair Jerome Powell, chosen by U.S. President Donald Trump to keep the recovery humming, appears set to let an expected trillion - dollar tax cut run its course through the economy as weak wage growth and inflation buttress his view that the economy remains underpowered.

They also showed agreement, albeit to a lesser extent, with Flaherty's alternate proposal of an embedded capital tax, where financial institutions could convert debt to equity to aid the financial institution in the event of a crisis instead of using taxpayer dollars.

He said the company failed to properly pay his taxes on his behalf, made unauthorised loans, and overpaid for «security and other services,» costing him «tens of millions of dollars» and leading to financial trouble, of which he claims to have only become aware of in March of last year.

Instead, U.S. regulators have had to seize numerous banking - sector recipients, including a few that were reportedly on the industry's death - watch list when handed tax dollars.

SHANGHAI, March 21 - Global asset managers are lobbying Beijing to offer tax benefits and other incentives to entice China's aging population to invest in mutual funds for their retirement, as funds eye a multi-trillion dollar opportunity in commercial pensions.

The Postal Service is an independent agency — it gets no tax dollars for its day - to - day operations but is still subject to congressional control.

Into that mix, the tax cut legislation would put tens of billions of dollars back in the hands of corporations and households.

«I would just add that all along I've been telling people you may see a small benefit from the tax bill initially, you may get a shiny new dime or nickel and they may say, «Look this is your benefit that you get out of this tax bill,» while the wealthiest Americans and multinational corporations are shoving hundred dollar bills in their pockets and they're laughing as they walk out the door,» Sanchez said.

The concern some people have is that children will end up living for years in a local community, where they'll be entitled to education and other government services paid for with tax dollars.

Depending on how they structure their donations, it will enable them to write off millions of dollars on their annual tax bills, potentially for the rest of their lives.

If you put those two story - lines together, a mine which costs $ 20,000 per barrel per day to build and $ 10 per barrel to operate would pay an average of $ 42.50 per barrel in royalties and taxes (again, today's dollars) over the life of the project if the U.S. Energy Information Administration price forecast proves accurate.