Sentences with phrase «therefore pay less tax»

Reinvesting distributions increases the tax basis of your investment, which you must account for to report a lower capital gain and therefore pay less tax.

The Trades Union Congress (TUC), which represents nearly 6 million British workers, said that the growing number of low - paid, self - employed workers who work irregular hours earn significantly less than conventional employees and therefore pay less tax and national insurance.

Not exact matches

Which in turn would allow more working class to (hopefully) have to pay less taxes and therefore could better afford better meals for their family and actually be able to pay for school lunches.

The difficulty is that in order to repay $ 1 borrowed requires you to earn approximately $ 2 to pay taxes and all the associated costs of earning the money (e.g., transportation, clothing, day care, lunches, etc.) Therefore, you not only have the feeling of being deprived when you stop charging expenses on the card, but having to live with a lot less money when you start to repay it.

Some people are doing Roth conversionso because the depressed markets in the past few years have eroded gains in their 401K and the traditional IRAs, and they have therefore much less tax to pay, than if the markets had been booming then.

As you pay down your mortgage, the amount will decrease (because you will be paying less interest and therefore your tax deduction will decrease).

Therefore it is only just that those who profit from the sale of petroleum and coal be taxed (a «carbon tax», which sounds less direct than, say, a gasoline tax, or a home - heating oil tax) with the proceeds of the tax to be paid back to citizens in various ways.

You could therefore pay much less tax on it, before it goes towards tuition.