Sentences with phrase «which eliminates the tax»

The WET rebate, which eliminates the tax liability for small producers, rewards small - scale production and is a barrier to mergers and industry rationalisation.

He cosponsored the Andrew P. Carpenter Tax Act which eliminated the tax on a forgiven loan of fallen soldiers.

In addition, the Mortgage Debt Forgiveness Act which eliminates the tax liability of debt forgiven in a short sale for many borrowers expires at the end of this year.

Not exact matches

Famed investors Warren Buffett, Mark Cuban and Tony Robbins all suggest starting with index funds, which hold every stock in an index, offer low turnover rates, attendant fees and tax bills, and fluctuate with the market to eliminate the risk of picking individual stocks.

He says that combining retirements, dissatisfaction with the tax bill — which eliminates significant local and state tax deductions that impact Californians — and general frustration with the president, at least seven of those Congress members could be gone.

The public transit tax credit, which allows the cost of transit passes to be deducted, was eliminated as of July 1.

That includes the state and local income tax deduction, which the Senate voted to eliminate on Thursday, and the mortgage interest deduction.

Experienced investors Warren Buffett, Mark Cuban and Tony Robbins suggest beginning with index funds, which hold every stock in an index, offer low turnover rates, attendant fees and tax bills, and fluctuate with the market to eliminate the risk of picking individual stocks.

Experienced investors Warren Buffett, Mark Cuban and Tony Robbins suggest you start with index funds, which offer low turnover rates, attendant fees and tax bills, and fluctuate with the market to eliminate the risk of picking individual stocks.

The plan contains a «divorcee tax,» which eliminates the deduction that divorcees who pay alimony receive.

The change would be eliminating the dividend refund that comes later, which could bump the effective tax rate on passive income, in cases of high income earners, to the 70 - per - cent - plus level Poilievre talks about.

Romney would also reform the tax code, first by eliminating the minimum deductible requirement for health savings accounts paired with catastrophic coverage, then by allowing a full deduction for all qualified medical expenses, which would include premiums, co-payments, and out - of - pocket spending.

What impact would eliminating corporate income taxes (which is required of C - corporations) have on our economy and budget deficit?

That would eliminate the corporate tax, which in turn could create millions of new jobs, Johnson says.

The plan contains up to $ 6 trillion in tax cuts, according to independent analysts, which Trump and top Republicans say they would offset by eliminating loopholes, deductions and tax breaks and boosting annual economic growth.

That's because the major tax reform passed in Congress this week contains a tweak that eliminates an exemption for many «like kind exchanges,» which lets people swap an asset for a similar one without triggering a tax obligation.

The proposal, unveiled Thursday, eliminates the adoption tax credit, which exists to help reduce financial barriers to adoption.

The silver lining is that beginning this week, the entire complicated system of itemized deductions will only benefit 5 % of tax filers which should make it much easier to eliminate them entirely in the future, (to be replaced with much better targeted spending programs in my parallel rational Congress delusion), since 95 % of Americans won't benefit from itemized deductions.

The RSC budget make Social Security sustainably solvent by implementing a slightly modified version of Representative Sam Johnson's (R - TX) «Social Security Reform Act,» which would slow initial benefit growth for higher earners, gradually raise the normal retirement age to 70, and eliminate annual cost - of - living adjustments for higher earners while using the more accurate chained Consumer Price Index (CPI)(currently used for the tax code) for other beneficiaries.

The plan doesn't specify whether Trump still wants to eliminate «head of household» filing status and eliminate personal exemptions, two changes in his campaign plan which would result in many middle - class families seeing tax increases.

The Tax Cuts and Jobs Act eliminated the alimony tax deduction, which analysts say could prompt a spate of 2018 divorce filings, especially among high earneTax Cuts and Jobs Act eliminated the alimony tax deduction, which analysts say could prompt a spate of 2018 divorce filings, especially among high earnetax deduction, which analysts say could prompt a spate of 2018 divorce filings, especially among high earners.

The bill also eliminates the corporate alternative minimum tax, which added to the Senate bill and would've amounted to a $ 250 billion corporate tax hike.

This income - splitting initiative was paid for by eliminating the child tax credit, which goes to all families with children and also cost just under $ 2billioin a year.

Opponents of the state and local tax deduction, which the bill would largely eliminate, argue it's regressive and concentrates benefits on rich states rather than poor ones that actually need the money.

If the assets in these accounts were liquidated entirely in one year, the proceeds might increase the tax bracket to the marginal federal income tax rate of 43.4 % (39.6 % ordinary income tax plus 3.8 % Medicare surtax), which would minimize and potentially eliminate any savings.

Since the U.K. eliminated its tax on income earned outside the country several years ago, it's become increasingly popular for so - called corporate inversions, a controversial practice in which a foreign company buys a U.K. company, primarily to lower its tax bill, says Andrew Needham, a tax partner at law firm Cravath, Swaine & Moore, which specializes in private equity and hedge funds.

From these flags of convenience locations, which have no tax on profits, the oil was then sold to Western refineries at prices marked up to eliminate profits.

These include investment tax credits and hiring tax credits (which typically reduce or eliminate corporate income tax liabilities) and sales tax exemptions on new building materials and equipment.

It requires that policymakers make tradeoffs between lowering rates and deciding which tax provisions to eliminate.

The alternative minimum tax (which Trump also proposes to eliminate) takes away this deduction from many wealthy taxpayers.

Meanwhile, personal and dependent exemptions are eliminated in favor of a larger standard deduction and child tax credit, both of which phase out for the highest earners.

For some investors, the worry now is that the muni tax exemption might soon be capped or eliminated altogether, which would drastically reduce the security's appeal.

As efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or eliminated.

As tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain.

President Donald Trump and the Republican Party recently unveiled their tax reform plan, which eliminates the student loan interest deduction — a...

It would, of course, be a nice bonus that eliminating the corporate income tax (which many economists believe is a deeply stupid form of taxation anyway) would give a nice boost to the economy.

«If we eliminate the carbon tax, we also eliminate the coming threat of a carbon tax not just on power, but on heavy transport, which will be an added scourge to the difficulties that manufacturing and agriculture and all these sectors of our economy currently face.»

To ensure irreversibility, we are implementing the following measures to tackle some of the long - term structural issues: a. capping of the statutory funds at 25 percent of government tax revenues b. operationalization of the Treasury Single Account (TSA) to consolidate all government funds at the Bank of Ghana c. tightening of expenditure controls in GIFMIS to minimize inefficiencies and budget overruns d. strict enforcement of the PFM Act, as well as the Public Procurement Act, to ensure efficiency in public procurement, and e. adoption of the competitive tender process, which is eliminating wastage and giving Ghanaian taxpayers real value for their money.

As you'll recall, Paladino started yesterday morning trying to move away from his angry personal attacks against Cuomo and onto talking about policy with a Web video in which he pledged to eliminate the capital gains and corporate franchise taxes and panned the AG's jobs plan.

Or it could be used to eliminate all of what's left of the state's death tax, which now causes many of the wealthiest New Yorkers to leave the state.

In September 2010, Congress passed theSmall Business Jobs Act, which provided a number of key tax benefits to American small businesses, such as eliminating capital gains tax on investments in small business, and cutting taxes for businesses that invest in new equipment.

Mr. de Blasio unveiled his own proposal for the tax credit, which would end the exclusion area and require affordable housing in rental buildings in the program citywide, while eliminating the exemption for condominiums.

«Last year, New York policymakers enacted a substantial corporate tax reform package which, once fully phased in, will lower the corporate income tax rate from 7.1 percent to 6.5 percent, eliminate the capital stock tax, extend net operating loss carrybacks from two to three years, and remove the carryback cap,» the group wrote.

Part of the conversation includes finding a compromise on the State and Local Tax deduction, which many GOP members are hoping to eliminate.

Paterson quickly signed five pieces of legislation on his first day in office: to add the New York State Department of Labor to the New York City Transit Track Safety Task Force; to eliminate a law that discouraged employers from holding blood drives; to change the way in which members are appointed to a state health and research board; to restore eligibility caps to certain senior employment programs; and to grant tax exemptions to several local development corporations in New York State.

In addition to federal funding being at risk, the tax reform plan proposed by Trump and the GOP, which will eliminate a popular state and local tax deduction on which high - tax states such as New York, New Jersey, California and Virginia depend.

Republican House members from the four states have pushed back against the GOP tax reform framework, which eliminates all deductions except for the charitable and mortgage interest deductions.

She said the cost of eliminating the estate tax alone is equal to the entire price of the Child Health Plus program, which provides health insurance for poor children.

She says the cost of eliminating the estate tax alone is equal to the entire price of the Child Health Plus program, which provides health insurance for poor children.

To be discussed at the hearings are the Rockland County Deficit Reduction Act (RCDRA), a law which will allocate money toward eliminating the deficit, the legislature's decision to override the tax cap for 2013 and other budget information.