Sentences with phrase «taxes dollar for dollar»

FUTA taxes are in any case de minimus because state unemployment taxes are a credit against federal unemployment taxes dollar for dollar except for a very small minimum per employee FUTA tax (0.6 % of the first $ 7,000 per year of wages for each employee, for a maximum FUTA tax of $ 42 per year per employee in most cases), because state unemployment taxes are almost always higher than federal FUTA taxes.

Tax credits are subtracted not from taxable income, but directly from a person's tax liability; they therefore reduce taxes dollar for dollar.

«For every dollar that would go out in voucher program I would have to cut that exact amount out of the Pardeeville budget, which would impact students, plus increase property taxes dollar for dollar,» Knitt said.

Not exact matches

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.

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).

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.

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.

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.

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.

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

«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 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.

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.

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.

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.

For a 110,000 barrel per day mine, each additional billion spent on start - up capital translates to about $ 525 - $ 560 billion million fewer taxes and royalties (in today's dollars) over the 40 year life of the project.

MacManus, in a written response to the senators, defended USAID's work without responding to their concerns about U.S. tax dollars supporting Soros's causes and their call for a State Department review into those funding decisions.

The job of overseeing the industry touches on issues from protecting water quality for fish in streams near pot grows, to safely collecting hundreds of millions of dollars in taxes from businesses that often operate in cash.

If you pay for health insurance with after - tax dollars, your premiums might be able to count toward the deductible.

NEW YORK, Dec 29 - The dollar fell to its lowest in over three months against a basket of major currencies on Friday, on track for its biggest annual drop since 2003, on doubts over durability of a pickup in U.S. economic growth in wake of last week's tax overhaul.

Though it is rare, if not unheard - of, for a charitable foundation to donate tax - advantaged dollars to for - profit companies, the Thiel Foundation is no ordinary charity.

If you were surprised to learn that Barbie could get the R&D tax credit, then maybe it's time to rethink whether your company could be eligible as well for the biggest tax credit for business — approximately $ 10 billion dollars a year.

If you travel for work much, just keep all your receipts, get serious about updating your tax spreadsheets, and don't let any dollar go unaccounted for.

Both metropolitan areas have said, for example, that short term rentals procured through Airbnb and VRBO are essentially against the law, as they cheat cities out of millions of dollars of tax revenues, but also because they aren't regulated the way hotels are, and could be fire traps or have other safety considerations about which hapless customers are not likely to be aware.

If, for example, you pay Tom $ 2,000 per month and let him get his own health insurance, he would have to pay for the health insurance with dollars shrunken by a tax bite.

«The generational divide could turn into political rivalry as the generations compete for limited tax dollars,» Axios continued.»

For residents in 26 states and in D.C., the combination of state and federal taxes take at least one in five dollars they earn over the course of the year.

A corporate tax cut for these companies would result in an increase of billions of dollars in earnings and a $ 100 billion increase in equity value, he noted.

Seeking a flavorful vegetarian option, I went for the General Tso's Tofu, which cost $ 11 plus about a dollar in tax.

Remember, the fundamental argument for the dollar is a slow and steady march toward genuine tax reform.

But with the swelling number of startups competing for the same investors» dollars, simple but smart tax planning is a great way for founders to get a headstart on the rest of the pack.

Everyone who works hard wants to be self - sufficient, but until companies pay a living wage «your tax dollars are subsidizing McDonald's (mcd), Wal - Mart (wmt), and Macy's (m),» Crawford told me, adding that she hopes to bring about improvements not only for herself but for those she has met along the way.

CNBC's Robert Frank reports on wealthy Americans giving to charity hitting an all - time record, the Playboy Mansion selling for $ 105 million dollars, and the upcoming tax bill for Reid Hoffman, LinkedIn Co-Founder, after his company's takeover bid from Microsoft.

This seemed like a relatively painless way of doing it, since FSAs would allow them to save 25 or 30 in taxes for every dollar they'd have to spend.»

Instead of spending tax dollars on programs such as welfare, food stamps, Medicare and Social Security for some of the population, give an equal amount to everyone and be done with it.

Common measurements include dollar revenues, dollar EBITDA (that's shorthand for earnings before interest, taxes and depreciation, depletion and amortization), percentage of market share, and numbers of customers.

On top of the credits for the wind power it's generating, Berkshire also gets long - term tax benefits from the depreciation of the billions of dollars» worth of capital expenditures it has put into building out its wind operations.

I've heard that the old Medical Savings Account has been replaced by a new, expanded version that allows employers to assist their employees in accumulating tax - free dollars that these employees can use to pay for certain qualified medical expenses.