Sentences with phrase «tax the money once»

Not exact matches

While tech companies dislike paying taxes — just look at Apple, which keeps much of its money offshore to avoid taxes, or Twitter, which once threatened to leave San Francisco unless it received a special tax break — none of them wants to be labeled as an opponent of anything that would provide help for the homeless and those with low incomes.

First, Apple is expected to pay about $ 38 billion in taxes when it brings its money onshore, but it won't pay it all at once.

Investors have been waiting patiently since December's tax plan came out to find out exactly how the company plans to move its money from Europe into America and what it will do with those funds once they arrive back home.

Once you retire, the challenge is no longer contributing as much as possible towards retirement accounts — the challenge becomes getting that money out with minimal tax consequences.

Apple is repatriating its overseas cash hoard, giving the company the opportunity to do whatever it wants with that money once it pays taxes.

The problem at that point is that once the required minimum distribution starts, they end up being forced to take more money than what they necessarily need at that point, and they get thrust into a higher tax rate,» explain Plessl and Houser.

2) Once you've been able to max out your 401k, aim to save at least 10 % of your after - tax income after maxing out your 401k in a low - cost digital wealth advisor like Wealthfront, which automatically rebalances your money for you each month based off your risk tolerance.

Once you've done that, divvy up the rest of what you can afford to set aside (no matter how small), putting money into a tax - advantaged account like a 401 (k) or IRA for retirement and a regular brokerage account for goals you want to reach before you're 59 1/2.

After your money is in the account, not only do your earnings grow tax - free, but once you reach the age of 59.5, you pay no taxes when you start making withdrawals.

Once the wedding bells stop ringing, it's time to get real about how your money might change after marriage — starting with taxes.

Once you reach age 70 1/2, you may be required to withdraw a certain amount of money from your tax - deferred retirement account each year.

Once your damn cults stop using my tax dollars to fund their unproven theories, I will not give one hoot what you do to each other, but my money inadvertently gets spent on something I have no use for.

Meeting his tax commitments once involved finding money in a fish's mouth.

«Even doing those groins not to allow the water to break cost a lot of money and then with frozen taxes in the last eight to ten years, there has not been any increase in taxes unlike in the United Kingdom for instance where any young person living there knows that once you start working at the age of 18, your civic obligation is that you must pay tax but here nobody takes it as their business that the new road I am using I need to pay something and so they only pay tax when they are inside the real tax net that is you are paying pay as you earn.

Investing this settlement money in education will allow us to eliminate the Gap Elimination Adjustment once and for all, providing the opportunity for property tax relief and creating a brighter future for Upstate families.»

DEVELOPING... INDICTMENT: GRIMM HID $ 1M IN RESTAURANT SALES, WAGES... Rep. Michael Grimm, R - New York, failed to report more than $ 1 million in sales and wages at a Manhattan restaurant he once ran, using unreported cash to pay workers off the books, evade taxes, and «keep more money for himself,» according to federal prosecutors.

Once the tax break ended ten years later, he put the place up for sale for $ 2.49 million which means if he gets his asking price he'll get back all the money he invested for building the business plus a million dollars profit (not counting the profit he's taken from the business for the years it has been operating).

«I am pleased that the Welsh Government has found the bulk of the money needed to fund the Council Tax benefit scheme, that will mean that once more people in receipt of this assistance will not have to find their contribution from a very limited budget.

«It's gonna rally some of the business community to stick together and put their money behind making sure the taxes are more fair and spread appropriately and not all at once,» Byrne said.

Those working on the land bank say once back taxes begin coming in from the foreclosure process, part of that money could be used for long - term funding.

Some activists, though, said they are concerned that the United States will focus entirely on private - sector funding and will once again sidestep ways of raising public money, including from «innovative sources,» like a tax on bunker fuels or airline emissions.

Once you're able to determine that without wasting a considerable amount of time and money, discovering the love of your life wouldn't be a taxing job.

[10] For these families, the expansion brings short - terms benefits from 529 plans that once laid in the distant future — deposit money in a 529 in December, withdraw it a few days later to pay the spring semester's tuition at your child's private school, and then collect the tax benefit with your tax filing in April.

I know for some that this would be an issue later when a large tax bill comes all at once but for myself I enjoy the extra freedom to use the money until then.

Since I am Canadian, we have Registered Retirement Saving Plans but the concept is similar to the 401k where you can invest pre-tax monies, grow it tax - free, and only pay income tax once you withdraw.

However, once the money is in a Roth IRA, it is never taxed again.

Laura's award - winning personal finance book covers the whole enchilada, including investing, buying real estate, reducing taxes, and all the other things you'll need to know once you have your debt under control and are ready to start putting your money to work.

Even so, once you consider inflation and taxes, the real returns from bank accounts or money market funds can be considered zero, if not negative.

And by putting that cash to use paying down your student loans over the course of the year (instead of waiting and making a lump sum payment all at once come tax season) you'll save even more money by slashing away at the principal.

You will have to pay taxes on any money you withdrawal once you do retire.

Withdraw all at once, get taxed 32.5 % on it and put all into 25 % deposit for buy - to - let property in London (this would burn all my money)

Lisa does not need to withdraw money from her RRSPs right now, but she will have a tax problem once she turns 72.

Most people that apply for a tax return advance are approved immediately — and once you're approved, all you have to worry about is what to spend all your money on!

Once you've gotten used to the huge chunk of money being taken out of your paycheck for taxes, you might just ignore taxes altogether (at least until April each year!).

Of course, the temptation of doubling your money so quickly is strong, but once you consider the tax implications of both options, the choice may not be so clear.

However, you can treat the HSA as another IRA once you reach age 65 — you'll have to pay taxes on money not used for healthcare costs, but the penalty disappears.

Instead, you pay taxes once money is withdrawn, whether during, at the end of, or after the contract has matured.

Yes, the ISA over here is currently rocking — no tax at all once the money is in (or withdrawn)-- it is a superb investment vehicle!

Once you're in the black, you may want to park some money in a high - interest Tax - Free Savings Account (TFSA) to cover unforeseen emergency expenses, like rent if you lose your job suddenly.

But one thing has them stumped: «Once we get there, how do we get the money out without the taxes killing us?»

Once designated, you can start drawing the money out as income, which will be taxed at your normal income tax rate at the time you receive it.

But mark my words, that'll change once we clue in to the fabulous extra money to be earned with the new Tax - Free Savings Account (known as a TFSA), available starting in January.

True, you don't get a tax refund when you contribute to an RESP, but once the money is in your child's RESP, it grows tax - free until Junior takes it out.

OTOH Once you've maxed out the tax deferred savings, or if you need to set aside money for large purchase with a big time horizon that is short of retirement age, then making regular monthly investments in a no - load index fund with a quality company is a great way to go as you will be taking advantage of Dollar Cost Averaging, and a good deal of diversity, which is a great way to put money into the market.

The problem is that money is not always there and though the smarter thing to do is to pay taxes when they are due and avoid debt accumulation, once it has already happened some sort of alternative needs to be used.

If you run into money problems 10 or 15 years down the road, you can withdraw your contributions without paying penalties or taxes, and there are no penalties or taxes on any withdrawals once you reach 59 1/2 years old.

Once in an RRIF, you can withdraw the money gradually over the years, which will keep your tax rate lower.

Once you open this type of account and add money, you can watch your investment grow tax free, which means the money in the IRA account is not taxed until you withdraw it.

As for the income tax hit — once the money is in the rrsp then you can perhaps manage things to lower the tax hit — maybe by taking a «sabbatical» as you suggest.

Once the money is in the TFSA, it does not matter if it is interest, dividends or capital gains — there is no tax to pay.