April 14th is not the optimum date to be doing tax planning and tax reduction strategizing.
On the fringe, this contributes to all manner of tax reduction attempts, so be wary.
Both men would let the 2010 payroll tax reduction expire as scheduled in January.
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Lawyers for a resident said the council had acted unlawfully when consulting on the "council tax reduction" scheme.
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The one-year payroll tax reduction would take the place of a two-year extension of the Making Work Pay credit.
There has got to be tax reduction in combination with strong currency policy.
The Bush administration income tax cuts expire at the end of the year, along with the Obama payroll tax reduction.
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The executive would have to compensate the Treasury for any tax reduction by handing back a portion of its annual budget.
Councils must agree tax reduction schemes by a deadline of 31 January to make sure people get the benefit on time.
Net tax alpha is defined as the tax reduction from short-term and long-term capital losses, less commissions, over the period beginning balance.
The agreement also includes a two-percentage-point payroll-tax reduction, lowering Social Security taxes for most Americans to 4.2% from 6.2% for one year.
Some Republicans prefer the payroll tax reduction to the Making Work Pay program because it goes to everyone who works, regardless of income.
After all, the people who are employed as a result of this tax reduction are going to ultimately pay income and other taxes.
The Congressional Joint Committee on Taxation, for instance, said that the capital gains tax reduction from 20% to 15% would cost the government money.
Many tax patents are likely to be in the realm of clever tax reduction strategies that may look, smell and feel like tax shelters.
Employers are not going to take on a permanent employee in return for a temporary, one year tax reduction covering just 3% of his salary.
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Peers voted by 203 to 165 to pass an amendment calling for an independent review of council tax reduction schemes within three years of the act coming into force.
President Bush 1 and the Republicans believed the only way to cut the deficit was a tax reduction, and Democrats thought the way to proceed was to raise taxes.
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Later, a bid by Lib Dem Lord Tope to allow local authorities to cut the council tax reduction given to single people was defeated, by 299 votes to 64, majority 235.
In his letter, Gaffney details the dual benefit to America and Americans of a tax reduction -- a necessary stimulus to the civilian economy and a concomitant boost for the Nation's defense.
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They want to bar oil companies from being eligible for the tax reduction enacted to benefit manufacturers: a cut in the corporate profits tax from 35% (just about the world's highest) to 32%.
The payroll tax reduction introduced in December 2010 is scheduled to expire at the end of this year as is the 100% expensing of capital investments for tax purposes and the extension of unemployment benefits.
In this case, he argued, middle- and lower-income families would benefit from the payroll-tax reduction, the extended jobless benefits and other elements of the deal, and that the package overall would stimulate job growth and the economy.
But during the December 23 pro forma session, the Senate overrode the prior unanimous consent agreement by unanimous consent to allow the Senate to pass a temporary extension of the temporary 2 percentage point payroll tax reduction.
Obama has pledged a net tax reduction for 95% of working Americans, and during the campaign, his top economic adviser said the Obama team was exploring ways to lower the maximum corporate tax rate, now at 35%.
Newly elected Indiana Governor Mike Pence is building on the sound financial footing left to him by former Governor Mitch Daniels, and freeing up more take-home pay for all Indiana citizens by enacting an across-the-board, 10-percent income tax reduction.
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John Edwards (D-NC), the vice presidential nominee in 2004, used an S-Corp to reduce his self-employment tax (the S-Corp loophole) on tens of millions of dollars in legal fee income, whereas Gov. Romney did not seek to use this S-Corp. self-employment tax reduction strategy.
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As I am writing this, I am well aware of the date as we are approaching the end of March so as I say this my first suggestion is to put a reminder on the calendar to review tax planning and tax reduction strategies in September in order to plan ahead.
Republicans, on the other hand, have desecrated the limited-government legacies of Reagan, Goldwater, and our founders by embarking on spending orgies with borrowed money -- a form of deferred taxation and financial repression -- while hiding beyond false pledges of tax purity that have made tax reduction and simplification much more difficult to achieve.
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