You lock up your capital until retirement, but it is protected from double taxation.
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There are various ways to protect yourself from double taxation, particularly by using IRAs and 401(k)s.
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Progressive taxation deters our best producers and exacting double taxation against investment income drives capital away.
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Double taxation is a special tax penalty, which is the opposite of a special tax break.
Also, repatriation of corporate earnings stranded abroad to avoid double taxation may be a potential windfall.
The earnings exclusion cap is also a hypocritical outright renunciation of the rule against double taxation.
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Sometimes the tax code goes overboard in the other direction, however, subjecting some income to double taxation.
Lutnick convinced him to change the firm from a corporation into a partnership, to avoid double taxation.
He endorsed the centrepiece of Mr Bush's new tax-cutting plans: the elimination of double taxation on dividends.
This double taxation is one reason the U.S. has long had a differential tax rate for capital gains.
The important point here is not really whether we want to describe this as double taxation or not.
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But to avoid double taxation it also allows those corporations to write off most forms of foreign income taxes.
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We completely end the double taxation of dividends which will have good effects on future investment in US corporations.
Done correctly, the flat tax eliminates all double taxation of saving and investment.
To avoid double taxation, some owners prefer to set up an S corporation.
The provision is intended for companies to avoid double taxation, but acts as a windfall for the oil industry.
Now you can, as many do, say that double taxation is nothing new.
Mr Greenspan said he did support one of Mr Bush's core aims: the elimination of double taxation on dividends.
Gingrich proposes as well to end permanently the death tax and its double taxation of the lifetime savings of Americans.
And inconsistent application of laws on pension taxation means that residents run the risk of double taxation if they move.
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Both countries have signed a treaty for liberal interpretation of the identity requirements under their double taxation agreement, the ET reported.
U.S. law prevents double taxation by allowing a credit for foreign tax on income which is also subject to U.S. income tax.
And he wants more double taxation of dividends and capital gains.
The three UK Crown dependencies have signed double taxation agreements aimed at helping businesses and individuals to avoid paying in two places.
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It avoids the double taxation of dividends that afflicts the ordinary corporation.
This proviso is intended to compensate expatriates for what would otherwise be double taxation of their income--at home and in their host country.
Detractors point out that dividends are subject to double taxation, since both corporate earnings and dividends received in a taxable account are taxed.
This double taxation of passive income is something that really hurts those who are retired because most of their income is passive income.
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With double taxation, this will result in effective federal taxes of more than 63 cents for every dollar of taxable income paid as dividends.
This is what we mean by single and double taxation of dividends: and the US is about the only place that has double taxation.
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