Sentences with phrase «tax means the rate»

Not exact matches

Trump called for a new «pass - through» tax rate of 25 percent that could mean big savings for owners of sole proprietorships and partnerships who now pay 39.6 percent.

Trump called on Wednesday for a new «pass - through» tax rate of 25 percent that could mean big savings for owners of sole proprietorships and partnerships who now pay 39.6 percent.

The low tax rate meant they could keep extra capital in their business to invest and ultimately use when they needed it for expansion or other expenses.

The government's plan to reduce the small business tax rate to 9 % means Ottawa is foregoing $ 5 billion in annual tax revenue, according to Lanthier, and that other taxpayers will have to bear those costs.

As an example, a cap of $ 500,000 in tax - free capital gains on any principal residence means that a home sold for $ 1 million that was purchased for $ 100,000 in 1985 say, would have $ 400,000 taxed at the owner's tax rate at the time of the sale (about 35 % for the average middle class Canadian).

The average commercial property tax rate in America is 1.940 %, which would mean that the church is getting out of about another $ 20 million annually in property taxes, based on the estimate that it owns $ 1.5 billion in real estate.

While it's not as generous as taking the grant approach, it does eliminate the tax burden on the employee and it means any gains are taxed at a long - term rate depending on the holding period.

(Which by the way, may mean paying more taxes later if tax rates go up or you're making more money.)

The other 41 states have either a flat income tax — meaning everyone, regardless of how much they earn, pays the same percentage of their income to the government — or a progressive income tax, which means your tax rate is determined by your income.

Tax code changes and rising interest rates may mean debts like home equity lines of credit should take higher repayment priority.

Its staff posed the following question: If the U.S. created a tax code that eliminated virtually all personal and corporate tax breaks, and also required that the plan be revenue neutral ---- meaning that receipts in 20 years had to match the numbers forecast today ---- how low could rates go?

That means if you earned $ 100, you'd report $ 118 as dividend income and be charged 72 % on those earnings (the new Dividend Tax Credit rate for non-eligible dividends), rather than the 67 %.

(In fact, the average real estate tax rates for Missouri [1 %] and Florida [1.1 %] are similar, but higher median home values in Florida mean someone who's relocating may be more likely to notice the bite.)

The managed - care industry faces one of the highest effective tax rates, meaning any tax cuts would likely have a larger benefit to managed care than to other, lower - taxed sectors.

These mistakes can be quite costly for businesses, as differences in tariff rates mean that a company making a classification error will either pay too much in tariffs or face a retroactive tax bill if they accidentally classified a product at too low a rate.

It ended up being OK — a trade treaty meant that FXR pays Canadian tax rates, which are much lower than those of Scandinavian nations, on its profits from the region — but checking ahead of time saved him from a potentially unpleasant surprise later.

It also calls for a new «pass - through» tax rate of 25 percent, which could mean large savings for mom - and - pop businesses.

That would mean their proposals — lowered individual rates, doubled standard deduction, increased child tax credit, and repeal of the alternative minimum tax — would sunset after 2025.

That means most business owners are not affected by the corporate tax rate.

The planned tax cut would mean Britain has the lowest corporation tax rate of any developed nation and would mean the UK charges a similar rate to countries like Albania, Georgia, Latvia, Lithuania, Iraq, and Serbia, according to KMPG.

- One is bad: The Medicaid expansion and means - tested subsidies increase the marginal tax rate on workers and disincentivize work.

For taxpayers in the top four tax brackets, this means the tax rate on long - term capital gains and qualified dividends will be 15 percent through December 31, 2010.

This press release contains forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to our expectations regarding: GAAP net revenue, GAAP gross margins, GAAP operating expenses, GAAP operating loss, GAAP tax expense, GAAP EPS, non-GAAP revenue, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP tax rate, non-GAAP EPS, share count and cash.

«Mark - Up of H.R. 3996, The Temporary Tax Relief Act of 2007 and H.R. 3997, The Heroes Earnings Assistance and Relief Act of 2007,» Hearing Before the Committee on Ways and Means, United States House of Representatives, November 1, 2007; «Baucus, Grassley Tackle Alternative Minimum Tax Relief on First Day of 110th Congress,» Press Release, January 4, 2007; «Easing the Family Tax Burden,» Hearing Before the Committee on Finance, United States Senate, March 8, 2001; «Revenue Proposals and Tax Cuts in the President's Budget,» Hearing Before the Committee on Finance, United States Senate, February 28, 2001; «President's Tax Relief Proposals: Individual Income Tax Rates,» Hearing Before the Committee on Ways and Means, House of Representatives, February 13, 2001; Jerry Tempalski, «The Impact of the 2001 Tax Bill on the Individual AMT,» National Tax Association Proceedings: 94th Annual Conference on Taxation, November 10, 2001.

That means effective property tax rates in Birmingham are closer to 0.75 %.

However, when families are making these decisions themselves, their marginal tax rates will have significant effects on the lifetime earnings differences, especially for high - income families or families who currently qualify for means - tested benefits.

That means that, while tax rates in Madison County aren't especially high, homeowners in the county pay more in dollar terms than homeowners in any other Mississippi county.

The average millage rate in the county is 29.6 mills, which would mean annual taxes of $ 8,880 on a $ 300,000 home.

While the province's five - year - old carbon tax means BC residents pay higher pump prices, offsetting cuts to their personal income tax have left them with the lowest tax rates in the country.

The average effective tax rate is 2.21 %, which means taxes on that same home are likely closer to $ 6,600 annually.

Returning the rate to that level, combined with the most recent uptick in the top marginal personal income tax rate, would mean that Ontario investors would pay as much as 40 per cent tax on capital gains.

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.

The government explains that lower corporate tax rates were intended to apply only to active business income and not as a means of maximizing personal savings.

Which means the money invested there — the $ 1,375 — will grow at a lower after - tax rate than money in the Roth IRA (assuming the same rate of return before taxes).

I could definitely figure out how to funnel expenses through a part time business... I think I keep thinking along the lines that I'm going to be paying the same tax rate after retirement, but reality is you could get pretty lean and mean if one focused on it.

He means an unweighted average dragged down by small countries with ultra-low tax rates like Estonia, Ireland, Iceland, Chile, the Czech and Slovak Republics, Hungary, and Slovenia â $ «hardly Canadaâ $ ™ s foremost economic competitors.

That means restoring higher marginal income rates, capital gains taxes, higher effective corporate rates, higher nominal rates, taxing foreign profits even without repatriation, and no tax holiday.

Of course, these various rates mean individual tax payers could end up paying more or less.

That means they are taxed at the rates listed above, between 2.46 % to 6.84 %, depending on your total taxable income.

A deal, which could be reached as soon as this week, would mean the iconically American company would be headquartered in Canada, and benefit from the country's lower corporate tax rate, 15 percent, compared to the on - paper 35 percent rate in the U.S.

The average effective rate in Washington is 1.06 %, which means homeowners can expect to pay about $ 1,060 in annual property taxes for every $ 100,000 in home value.

The state's average effective property tax rate is 1.83 %, which means that the average homeowner in Nebraska pays approximately that percentage of her home's value in taxes each year.

With an end - date in sight, the wealthy can take advantage of various means to defer their income until the top tax rate returns to 14.7 per cent, thereby undermining the ability of the new tax to raise as much revenues as it should.

This means that many higher earners in high tax states are actually contending with higher effective tax rates.

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.

The B.C. personal income tax system remains mildly progressive, meaning, as household income rises, so too does the tax rate.

It means giving up on B.C. workers, turning back our climate change commitments, and letting industry call the shots when it comes to setting their tax rate, cutting it in half.

According to the statute's own language, it was designed with the «purpose of reducing the need for future tax increases, maintaining the highest possible bond rating, reducing the need for short term borrowing, providing available resources to meet State obligations whenever casual deficits or failures in revenue occur, and providing the means of addressing budgetary shortfalls.»

Goods will be shipped via bonded warehouses in free - trade zones in three Chinese cities — Hangzhou, Ningbo and Guangzhou — which means Tmall Global shoppers will enjoy preferential tax rates and lower customs duties as well as speedier delivery times.

That means your tax rate might be as high as 39.6 %.