Sentences with phrase «than the minimum tax»

It further says, if the tax calculated is higher than the minimum tax, the higher amount must be paid by the business entity.

By the time April 15th dawns you as a specific taxpayer should submit your tax return (offered you make more than the minimum tax free quantity.)

Not exact matches

«Major tax increases or policy changes such as big hikes in the minimum wage will probably do more harm than good,» says Dahlby of the sort of programs necessary to satisfy vocal public - health boards.

Some experts say a plan to eliminate the alternative minimum tax may be worse than just keeping it.

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.

Setting a receipt minimum lower than the $ 25 that is required by the IRS will beef up your company's documentation during tax audits.

Tom Sanger, a partner with accounting and advisory firm Moss Adams, says that, «small businesses, now defined as having an average of less than $ 50 million in gross revenue over the prior three years, will be able to offset (the alternative minimum tax) AMT with R&D credits generated after Jan. 1, 2016.»

When shares of Capital Stock are to be issued upon the exercise, grant or vesting of an Incentive Award, Google shall have the authority to withhold a number of such shares having a Fair Market Value at the date of the applicable taxable event determined by the Committee to be sufficient to satisfy the minimum federal, state and local withholding tax requirements, if any, attributable to such exercise, grant or vesting but not greater than the minimum withholding obligations, as determined by Google in its sole discretion.

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctitax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury AuctiTax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

That return also implied that without the alternative minimum tax, which Trump wants to repeal, he would have paid less than 3.5 percent of his income in federal income taxes.

Our own policies often go further than the minimum required by local laws and regulations, and we continue to strengthen our processes to help ensure our banking services are not associated with any arrangements known or suspected to be designed to facilitate tax evasion.

But as long as that minimum rate is lower than the U.S. corporate income tax, there is incentive for companies to move as much of their profits as possible to low - tax countries.

In addition, many upper - middle - income taxpayers who face the Alternative Minimum Tax — a higher tax than their regular income tax — will not be able to claim deductions that may be allowed on a regular tax return, according to tax analyst Mark Luscombe of CCH, part of Wolters KluwTax — a higher tax than their regular income tax — will not be able to claim deductions that may be allowed on a regular tax return, according to tax analyst Mark Luscombe of CCH, part of Wolters Kluwtax than their regular income tax — will not be able to claim deductions that may be allowed on a regular tax return, according to tax analyst Mark Luscombe of CCH, part of Wolters Kluwtax — will not be able to claim deductions that may be allowed on a regular tax return, according to tax analyst Mark Luscombe of CCH, part of Wolters Kluwtax return, according to tax analyst Mark Luscombe of CCH, part of Wolters Kluwtax analyst Mark Luscombe of CCH, part of Wolters Kluwer.

Most student loans do not have prepayment penalties; therefore, if you receive a windfall of money at some point in the year (for instance, a work bonus, a birthday present or a tax refund), you can pay more than the minimum monthly payment.

The foundation of that plan is the inventory of more than 10,000 future drilling locations that it put together that can generate a minimum of a 35 % after - tax return at $ 50 oil.

That said, B.C.'s strong economic growth over the past three years, combined with a) the announced small business tax relief, b) the new training and youth employment programs (also announced today), and c) a lower - than - average percentage of our working population who actually make minimum wage (about 5 %, compared to 7.1 % nationally), leaves us in a position to cautiously view the announced increases as «reasonable.»

If you think you'll be able to hold off on tapping your retirement savings longer than that, you may want to consider saving in a Roth IRA instead, which doesn't require minimum distributions (though there's an income limitation to have one and no tax deduction on contributions).

Avoiding the welfare cliff is expensive: to avoid a sharp decline in after - tax earnings, it is necessary to provide tax credits to people making slightly more than the minimum wage.

There is a real possibility you can pay more in taxes in retirement than when working due to a loss of deductions like college loans and mortgage interests, as well as if you have a healthy nest egg due to minimum required distributions and social security combined.

This causes many people who start required minimum distributions get caught off guard by a larger than expected tax bill.

If we had given the industrial Barron's more tax breaks and less regulation and removed OSHA or removed minimum wage laws we would be living in far worse financial internment camps always owing far more to the Company than we can ever repay just to survive which is what the end result of unbridled capitalism leads.

UK: Higher taxes better than minimum pricing, argues OFT The UK's Office of Fair Trading (OFT) says it believes raising alcohol duties, instead of minimum pricing, would be a better way to tackle pro

UK: Higher taxes better than minimum pricing, argues OFT The UK's Office of Fair Trading (OFT) says it believes raising alcohol duties, instead of minimum pricing, would be a better way to tackle pro... read more

Now, we're in an offseason where a potential superstar like Shohei Ohtani is only getting the league minimum after signing with the Angels for a capped international bonus figure; where one of the very best hitters in the game, J.D. Martinez, still can't find a reasonable offer with less than two weeks to go before spring training; where Yu Darvish can't sign with either of the teams he would like to (the richest out there, the Yankees and Dodgers), despite their having a need for a starter of his caliber, because they «need» to clear salary in order to avoid paying the luxury tax.

Does Mr. Brownback not factor in the fact that most people still need to spend a minimum amount of money to live in modern society (food, shelter, etc.), and it is those people who can not afford to spend more than a minimum that consumption taxes affect the most (which, as you noted, has often been an argument for income tax)?

«While the tax system theoretically gives care workers tax relief on their travel costs — even home to work travel that is not allowed by the minimum wage rules - this is probably no more than 20p for every pound spent or mile claimed.

Critics say the tax credit will cost more than Gov. Andrew Cuomo's office estimates, could put some older workers out of jobs, and encourage employers to pay the minimum wage and not a penny more.

DeFrancisco says Cuomo, a moderate Democrat, might have an easier time getting along with Republicans in the Senate, rather than with a chamber controlled by Democrats who might want to go further than the governor when it comes to raising the minimum wage, raising taxes on the wealthy, banning hydrofracking and other issues.

In his straddle over the political center, Mr. Cuomo proposes to balance the minimum wage increase with a significant — indeed, almost startling — cut in corporate tax rates for businesses that employ fewer than 100 workers and have a net annual income of less than $ 390,000.

«Forcing small business owners to shoulder an unprecedented $ 15 minimum wage burden will have greater negative ramifications than the governor's tax cut proposal can make up for,» said Brandon Muir, executive director of Reclaim New York Center for Government Reform and Accountability.

Senate Majority Leader John Flanagan and Assembly Speaker Carl Heastie said Wednesday that they are negotiating possible compromises on the minimum wage issue, which could include a lower minimum wage in Upstate New York than in New York City, excluding farms from the hike, and providing a tax credit to small businesses to help them adjust.

Dave Denenberg is the only candidate in this race who will fight for lower taxes, women's equality and a real minimum wage increase, and nobody will fight harder than Dave Denenberg.»

«Less than a month ago he voted for this outrageous tax break rather than a minimum wage increase and now he is trying to fool the voters into thinking he wants to repeal it.

Actions — not words and feelings — are what matters, which is why this administration fought for and delivered more state funding to New York City than ever before — $ 30 billion this year — raised the minimum wage to $ 15, passed the country's strongest paid family leave policy, enacted full - day universal Pre-K without additional taxes, secured unprecedented funding to modernize the MTA, and is rebuilding LaGuardia, and reconstructing Penn Station.»

Schumer said Senate Democrats have proposed paying for the initiative by eliminating tax breaks for oil and gas companies, and instituting a minimum tax rate of 30 percent on those earning more than $ 1 million per year.

The legislation, which was introduced without a sponsor late Monday night, would set minimum wages for construction crews working on residential projects that receive the property tax break — an attempt by the Republican - controlled Senate to settle the issue through law, rather than private negotiations that did not yield a compromise.

So right now, the city is better off than it would have been, especially when you realize that the minimum wage jobs under the Related proposal wouldn't have generated any state income tax or relieved the burden on social services like Medicaid / Medicare, etc..

Nader spoke in favor of raising the minimum wage and the need for the State to hold on to, rather than rebate, the stock transfer tax.

The Democratic Assembly Majority is pushing its favorite items in a different form than the governor has included - a minimum wage increase larger than Cuomo's, a DREAM act resolution that isn't tied to an education tax credit, and a seven - rather than three - year extension of mayoral control of schools.

ALBANY — A tax hike on the rich, minimum wage increases and new government programs to help families pay for child care and family leave are on the Assembly Democrats» agenda for the year, advancing different priorities than Democratic Gov. Andrew Cuomo and potentially setting up a clash on taxes.

However, beneath the rhetorically charged terms such as «get - rich scheme,» «double - dipping, «tax shelter,» and «tax loophole,» is a rather boring reality: under certain conditions, some taxpayers subject to the Alternative Minimum Tax can reduce their federal tax liability by a larger amount if they make a charitable donation rather than paying their state taxtax shelter,» and «tax loophole,» is a rather boring reality: under certain conditions, some taxpayers subject to the Alternative Minimum Tax can reduce their federal tax liability by a larger amount if they make a charitable donation rather than paying their state taxtax loophole,» is a rather boring reality: under certain conditions, some taxpayers subject to the Alternative Minimum Tax can reduce their federal tax liability by a larger amount if they make a charitable donation rather than paying their state taxTax can reduce their federal tax liability by a larger amount if they make a charitable donation rather than paying their state taxtax liability by a larger amount if they make a charitable donation rather than paying their state taxes.

On the other hand, finding the number of students in Indiana that attended a public school for the preceding two semesters and who are from families earning up to 150 percent of free and reduced - price lunch (FRL), students in the state that have an IEP and are from families earning up to 200 percent of FRL, students who are zoned to attend a school designated «F» and are from families earning up to 150 percent of FRL, students and siblings of students who received a minimum of a $ 500 tax - credit scholarship in the previous year in Indiana, and students who received a voucher in the previous year in Indiana and are from families earning up to 200 percent of FRL — :: deep breath:: — can take more than one day and be a bit eye - crossing.

At the moment, member states have the option to tax printed books, newspapers and publications at a reduced rate (minimum 5 %) and some member states were granted the applications of VAT rates lower than 5 % (super-reduced rates) including exemptions with a deductions right of VAT at the preceding stage (so called zero rates) to certain printed publications.

Alternative minimum tax planning strategies may be different than regular tax strategies.

(The maximum rate for the AMT is 28 %, but the tax resulting from a single large item can be greater than that percentage because of the interaction of various features of the alternative minimum tax.)

Your minimum required payments on those other debts should not come to more than 8 % of your before - tax income.

The idea here is to strip away all tax deferral, and force everyone to pay taxes each year — this will work a lot better than the Alternative Minimum Ttax deferral, and force everyone to pay taxes each year — this will work a lot better than the Alternative Minimum TaxTax.

If your taxable income is more than $ 100,000, you have foreign earned income, lump - sum distributions, alternative minimum tax, qualified adoption expenses or a health savings account, you do not qualify for this tax preparation option.

If your after - tax wages are less than 30 times the federal minimum wage, your paycheck can't usually be garnished.