Second, buyers want to buy assets because they get a new tax basis in the assets.
The problem is that GAAP and the income tax basis of accounting have a lot of differences.
Previously, munis almost always yielded less than Treasuries (on a pre-tax basis), due to the tax advantage.
Buying assets also gives buyers a new tax basis and higher basis means more depreciation deductions.
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Paperwork headache: The donee will eventually own an asset whose tax basis is a composite of many valuations.
On a pre-tax basis, the most profitable industries were primarily services-based businesses.
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Deutsche Bank, which has relatively low capital ratios (something that should flatter ROE), managed 13% on an underlying pre-tax basis.
You pay a price for postponing a gain and carrying over a tax basis from the property you disposed of.
In this hypothetical example, you will earn 2% annualized on a pre-tax basis, or 1.3% after-tax, assuming a 35% federal tax rate.
By buying the assets, Gray was able to get a stepped-up tax basis, so it could depreciate the licenses and other assets.
Another possibility is that you get so much as return of capital that your tax basis shrinks all the way to zero.
The MID operates to raise the demand for homes by making them less expensive on an after-tax basis for certain potential home buyers.
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On an after-tax basis, his wife's job barely covers the cost of dry cleaning and a mother's helper, without whom she could not work.
If the return-of-capital distributions shrink your tax basis down all the way to zero, then you have to start reporting them currently as capital gains.
This account allows you to save money on a pre-tax basis, and then to use it tax free to pay for qualified out-of-pocket medical expenses.
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Mr. BRETT GOLDSTEIN (President, Pension Department): The regular 401K is, you put money in on a pre-tax basis, so you're actually getting taxed at a lower rate.
As he did at the federal level, petitioner offset on his 2005 New York State return, as a deduction, a capital loss resulting from the difference between his outside tax basis and his inside tax basis in Fifth Avenue against the gain realized on the sale of the office building.
Most of the value of the business can be put into the nonvoting stock (often on a tax free basis), with the older generation keeping the reins.
Interest rates are crucial because the White House proposal is tied to something known as the 415(b) limit an amount that limits how big an annual pension a company can fund, on a tax favored basis, for any worker, EBRI Director of Research Jack VanDerhei explained yesterday.
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Limit Section 469 to non-recourse cost basis only, not tax losses on cost basis true economic losses to investors.
On a tax-equivalent basis, the munis were paying 5.7% for folks in the 30% tax bracket.
Well, at one time, it was thought that you could work both sides of the coin and utilize the loophole: if you converted the company stock directly to the Roth, it seems that you would only have to pay tax on the basis of the stock (per NUA rules), and then never have to pay tax on the capital gains.
For one, it stays in the account longer, growing on a tax-deferred basis.
Cash value builds on a tax-deferred basis, much like a retirement account.
Conservatives weren't the only organizations to set up under the section of the tax code that allows social-welfare groups to operate on a tax-free basis.
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The pensions often come on top of other retirement programs, such as 401Ks, in which participants save for their retirement by putting away a portion of their earnings on a tax-deferred basis (often with a company match).
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Usually people gift if the gift tax and income tax on the carry over basis is less than the estate tax.
If they were a billionaire, the beneficiaries may be very happy, escaping all that estate tax even if they do get some assets with a low basis that triggers income tax when sold.
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