Sentences with phrase «taxed by uncle»

Doing so means that the death benefit funds can still be utilized, but not be taxed by Uncle Sam.

Indeed, most forms of retirement income — including Social Security benefits, as well as withdrawals from your 401 (k) s and traditional IRAs — are taxed by Uncle Sam.

(So, increasing your 401 (k) contribution will save your money from being taxed by uncle same and your state, but it will not help you have a «lower income» in the eyes of FAFSA.)

Not exact matches

While getting contacted by the IRS regarding your return will not always result in owing more to Uncle Sam — sometimes it actually leads to a refund — it usually does mean you face additional taxes, according to IRS data.

For some time, investors had the opportunity to skirt by without owing any money to Uncle Sam thanks to a little - known tax loophole called the like - kind exchange.

Biggest Idea: Shane Claiborne with «Give to Uncle Sam What is Uncle Sam's» «Imagine what would happen if a massive popular movement of ordinary Americans decided to voice their concern about military spending — by withholding $ 10.40 from their 1040 tax forms this year?

There are cameo appearances by some banker puppets that are supposed to be Lazio's friends from JPMorgan and by the «tax man» (dressed as Uncle Sam) character from the 2000 US Senate election, during which the candidate's tax returns were also an issue.

A man in an Uncle Sam suit dubbed «Tax Man» was paid by the state Democratic Party to follow Lazio around on the campaign trail, and then - Clinton spokesman Howard Wolfson showed up to present Lazio with his candidate's property tax biTax Man» was paid by the state Democratic Party to follow Lazio around on the campaign trail, and then - Clinton spokesman Howard Wolfson showed up to present Lazio with his candidate's property tax bitax bill.

Well, none other than Howard Wolfson (now a deputy mayor in the Bloomberg administration) showed up along with a Democratic State Committee member dressed as Uncle Sam at an event held by her GOP opponent, Rick Lazio, to taunt him with her property tax returns and demand that he follow her lead.

Uncle Sam and the Fund: Beginning investors often do not realize that funds themselves incur capital gains taxes, the cost of which is borne (big shocker) by you, the fund holder, even if you don't sell a single share.

If you owe money to the IRS due to back taxes or unfiled tax returns, one of the ways that Uncle Sam can get his due is by garnishing your wages.

The main appeal of bonds issued by state and local governments is that Uncle Sam doesn't tax the interest.

After investors pocketed what they saved by not paying Uncle Sam, tax - exempts had a considerable bottom - line edge.

But taxes on capital gains (if any) have to be borne by your uncle, in case of Relinquishment Deed.

«Beyond that, clients have all the exemptions and deductible expenses, some portion of their total receipts are taxed at (lower) dividend or capital gains rates, muni bond payments are not taxed by the federal government at all (unless you are in the AMT), losses are harvested out of the investment portfolio, and many advisory clients have a host of other lines filled out on their tax forms that blunt Uncle Sam's fingers in your client's wallet.»

However, Uncle Milton makes a very good point about tax law also being distorted by lobbying and special interests.

If you don't get it by then, it becomes a very kind donation to Uncle Sam (and not one you can write off on next year's taxes).

By obtaining life insurance to pay this tax liability, you can ensure that your heirs receive the fruits of your labor — not Uncle Sam.

Now, Uncle Sam is looking for his cut, but despite the major tax reform put in place for 2018 by the current U.S. Administration, not much has been done to clear up the gray area on the taxation of cryptocurrencies.

Great point Arnold, so far as I understand it, even if only one spouse on title passes, the tax is generated and is payable by the survivor, not to mention the complicated paperwork required and the lengthy time involved to receive holdback monies from Uncle Sam.