The House GOP platform-- and a similar program announced last week by Senate Republicans-- include tax cuts for families with children, capital gains tax breaks, expansion of individual retirement accounts and sweetening of depreciation allowances for business.
22.
He plans to take advantage of the federal tax benefits his company is eligible for here _ $ 3, 000 for nearly every worker, since most live in the empowerment zone, and an equipment depreciation allowance worth about $ 20, 000.
23.
Even worse, the specific tax measures proposed in the Contract-- a new tax credit for having children, an accelerated depreciation allowance for investment, a big cut in capital-gains tax and a rollback in the taxation of Social Security benefits-- have little merit.
24.
The Approved charitable donations are limited to 10 % of the amount after deducting of the Depreciation allowances, per section 16D of the IRO . And after the amendment recently, it is changed to 25 % of the amount after deduction of Depreciation allowances
25.
The Approved charitable donations are limited to 10 % of the amount after deducting of the Depreciation allowances, per section 16D of the IRO . And after the amendment recently, it is changed to 25 % of the amount after deduction of Depreciation allowances
26.
On the other hand, Bill Gale of the Brookings Institution estimates that " grandfathering " depreciation allowances on an estimated $ 10 trillion in capital would require an extra four percentage points on the flat tax rate over the first 20 years to sustain revenues.
27.
One common approach to handling capital expenditure is simply to allow the regulated firm to keep the depreciation allowance on any higher forecast capital expenditure and simply to " roll in " the out-turn capital expenditure into the regulatory asset base at the end of the regulatory period.
28.
Typically, this rests on the fact that, for tax purposes, some jurisdictions assign ownership and the attendant depreciation allowances to the entity that has legal title to an asset, while others ( like the U . S . ) assign it to the entity that has the most indicia of tax ownership ( legal title being only one of several factors taken into account ).
