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Exact(30)
*The initial tax authorization statement.
You get initial tax relief, so your investment is given an immediate boost.
The economy grows, bringing in more tax revenues (more, indeed, than were forgone through the initial tax cut).
He added: "What's missing is the amount of tax revenue generated – this is likely to have well exceeded the government's initial tax expectations of £320m".
It would not offer an initial tax deduction but would allow all the money that accumulated in the account to be withdrawn tax free.
That may be because the state set a gentle initial tax penalty of $219 to soften any perception of heavy-handedness.
Similar(26)
Crucially, although pensions enjoy a bigger initial tax-break, annuity income is taxable whereas money drawn from an ISA is tax-free.
The suit contends that five months of talks have failed, and that USA was the victim of a "hold up" since Vivendi had not coughed up an initial tax-related payment that was part of the $620M USA claims it is due.
He trailed off, and then recalled the Reagan years, when the initial deep tax cuts were followed by years of tax increases to reduce deficits smaller than the current ones.
The problem, De Redactie said, is that the initial beer tax was just not bringing in the expected revenues.
I asked Lieberman about his vote against the budget resolution authorizing an initial $1.2 trillion tax cut -- the resolution that was later incorporated into the president's fiscal package.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com