Sentences with phrase «then losing the tax»

«The last thing we need is to see high earners leave New York State because then we lose their tax dollars,» said Skelos.

Again, if you think that's nuts because of all of the taxes you'd pay on dividends and capital gains, then losing the tax deductions on contributions - then you've just been brainwashed by the usual ancient financial services industry hype, and haven't done your math homework yet.

Not exact matches

«I see this snowball effect where you lose your job and you tap your IRA, but then you don't have the money to pay the tax,» Johnson says.

However, the corporate rate could increase to 20 percent if the Senate tax bill passes, and many companies could then fall into the 20 percent AMT and lose some of their tax credits.

Includes Tax - Loss Harvesting, which enables Wealthfront to sell a losing investment and replace it with an equivalent investment, then apply the loss to income and gains to reduce tax liabiliTax - Loss Harvesting, which enables Wealthfront to sell a losing investment and replace it with an equivalent investment, then apply the loss to income and gains to reduce tax liabilitax liability.

And then there are just people who are worried that the government might use their census data to cross-reference it against other information they've given the government (income being the obvious example - anyone know someone who plays fast and lose with their taxes?).

Then, when you take withdrawals in retirement, you don't have to worry about losing any of that to taxes.

But if your taxable income is so low now that you hardly pay any taxes, then the RRSP loses its charm.

3) let priests get married and let women be priests; if this is not adopted, then (you guessed it) the church loses is tax preferred status indefinitely

They put their greed before the good of their companies, and almost destroyed our economy, then used our tax dollars to save themselves while millions lost their jobs, their homes, and their futures.

Then America will have to pay unemployment and benefits and lose the taxes these employees were paying!

While the ushers worked the minister spoke: «If I were to tell you who to vote for, then we could lose our tax - exempt status — But I will say this... This handout lists the candidates in our area on the left side and their record on abortion on the right.

Doc, Those Bush tax cuts have been in effect for about ten years, and we have lost about 600,000 jobs since then.

And if they're afraid of saying the word «tax», then maybe that's because they've abused the tool so much in the past, that they've lost sight of what a tax is really meant to accomplish!

If bitcoin is taxed in any form, then more money is lost.

Molinari helped Grimm pull off an upset for Congress, then watched as Grimm lost it all to a tax fraud conviction.

If there is no tax lost, then as a matter of fact, there can not be any penalty.

A female announcer then talks about the number of people New York has lost in recent years and says there's «hope» in the form of Cuomo's budget — «a plan to move New York forward» without raising taxes.

But if they run out then and aren't quickly restored, counties could lose out on the holiday season tax revenue.

The government's flagship welfare scheme is full of hidden nasties - self - employed people could lose out under the minimum income floor, cuts to the work allowance have already bitten, and then there's George Osborne's infamous tax credit cuts.

Since then, high - income earners lost the option to deduct more than $ 10,000 in state income tax as part of the federal tax law passed by Congress.

Then the ad notes that 24 million Americans would have lost health coverage under the plan, that it would have made health care more expensive for some people aged 50 to 64, and that it included a tax break for insurance company executives.

Amazon will be losing out from me from now on, and if the trend is repeated by enough other Kindle owners affected by the tax, then maybe they'll start taking notice and revise this unfair system.

Mind you, you would then lose the interest opportunity in the tax refund you would get initially.

The key to an effective tax - loss harvesting strategy is to evaluate what you own and why you own it, identify investments that have lost value, and then consider the sale of some portion of those holdings to offset realized gains, expected future gains, or even income.

«If one of those stocks had been RIM, then a good chunk of Taylor's tax - sheltered room would have been lost,» says Lamontagne.

I called and the first lady said that my bank rejected it I called my bank and they said the IRS never even attempted to send my refund and then when I called the IRS back the lady basically was saying that it could be fraud or anything else basically trying to make it seem like I put fraudulent information on my taxes, I just need a better understanding and what code 1121 is all about because at this point I am lost..

In California, where the state income tax is so high, you would usually choose to deduct the state income tax, so you lose the opportunity to deduct any state sales tax (or, if you buy something so expensive that the sales tax is greater than the state income tax, you can deduct the state sales tax but then you lose the opportunity to deduct the state income tax).

So, just to confirm, if you don't re-invest your dividends, are you losing out on this potential to minimize your capital gains because the dividends are paid out in cash and then you just get taxed on it at the end of the tax year and when you sell your investment, you potentially will have a larger difference between the sale price and book value (assuming your security increased in value), and thus pay a higher capital gains tax.

And if you've seen your retirement accounts lose a bunch of value this year — as many have — then you may be able to take advantage of this strategy to save thousands in taxes.

Ian Martin: So, in that scenario if you proceeded to file bankruptcy in January 2015, without having done your 2014 taxes, you would lose those two years of refunds because it's the 15 is the year of bankruptcy and then there is a prior year outstanding when the bankruptcy is filed.

So you got your $ 3100 in «free» money, then lost $ 930 in penalties and then paid taxes on the money to the tune of 28 % plus state and local taxes on the $ 3100.

This is similar to a defined benefit pension in that if this money puts you at a reasonably high tax rate then any RRSP withdrawals will be taxed at a high rate and you lose part of the benefits of the RRSP.

Review your mortgage statement to see how much of your loan you have left to payoff, then evaluate targeting this as a goal before you retire (the «return» on your money is essentially equal to your interest rate — you'll lose the tax deduction for the interest, but if you invested the same amount you'd owe taxes on the investment return).

Your account lost money since conversion, so you paid taxes on gains that no longer exist — you can reverse, then re-convert and owe less money.

If the income is not taxable, then the original investment loan loses its tax deductibility.

A traditional IRA is the last choice because you both have to pay taxes upon withdrawing the money, and then lose the ongoing tax benefit of having money in an IRA.

You can withdraw the cash and give it to someone else but once money is taken out of an ISA, it loses its tax - free status — unless interest is then covered by your (or their) personal savings allowance.

He could lose 15 per cent of the difference between $ 81,800 and the OAS clawback start point, about $ 74,000, that's $ 1,170 dollars, then pay 20 per cent tax on the balance, leaving him with about $ 6,000 a month to spend.

If we assume there will be about 8 % charge - offs, that the charge - offs losses are «bad debt» and therefore short - term capital losses, and if you're in the 25 % tax bracket, and if we assume your capital losses will offset capital gains, then having the investment in an IRA and losing the deductibility of the short term losses would cost 2 % (8 % * 25 %) of tax benefit.

Then there are the efforts to discourage defined benefit plans, which came about because the IRS felt that they were losing too much tax revenue to overfunded plans.

So if the top $ 50k of my income is in the 28 % tax bracket and I lose $ 16k in my LLC, then my overall taxes would decrease by 28 % of $ 16k = $ 4.4 k.

If your property tax bill is higher than that, then pay it in December instead of early next year to avoid losing some deductions,» says Delmacio.

The reason for this speculation is that, despite the fact that «lost tax revenue» to the government, courtesy of pre-tax defined contribution plans is eventually made up decades down the road when retirees withdraw their savings and pay taxes then, it doesn't count in the «budget scoring process.»

If you discontinue the policy then you will stand to lose the tax benefits availed in the previous year (s).

Then if you paid capital gains taxes on the sale, you would lose on four fronts (taxes, trading costs, and being wrong with your market timing bet twice).

And yet if I head to Steam and check out the guides most of them resort to spamming a simple tactic; start losing money deliberately by building a new district and then use the deficit to hike up tax.

If taxes and fines proportional to the costs could be imposed, coal would lose some of its competitive advantages, and would be replaced more rapidly by natural gas and then solar and wind.

RE # 27, here's an idea: Create a GHG tax, so that the cost of emitting GHGs goes up, but then put that money from taxes back in people's pockets, so they haven't lost one cent.

It's now all but certain that the ethanol tax credit will expire at the end of the year, and the ethanol producers continue to claim credit for «giving it up» despite that it was obviously lost due to larger political considerations, and the fact that they lobbied initially for its extension and then eventually for a substitute which would have still funneled money into their industry.