The mandate could be replaced with a refundable tax credit for the purchase of health insurance, though you would need significant new tax revenues to offset the cost of the credit.
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But until 2005, this foreign tax credit could offset only 90% of the alternative minimum tax they owed.
The U.S. government generally gives companies operating in foreign countries a tax credit to offset the foreign taxes paid, so the companies are not taxed twice on the same foreign income.
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Already, small business owners are taking advantage of the new health care tax credit that can offset as much as 35 percent of the cost of covering their employees.
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That's not something many bondholders will accept, particularly since a voluntary deal won't trigger credit default swaps to offset losses.
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Though this is shocking to some at first, it is not as onerous as it sounds because a credit is allowed to offset the amount of non-US tax that has been paid.
Currently, the federal government offers two types of credits to offset tuition: the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit.
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The extra income will help her qualify as self-supporting, and she can then offset any tax by claiming a college credit and personal exemption.
As a result, if the House increases the Earned Income Tax Credit or the Child Tax Credit, it can only offset the cost by cutting entitlements such as Medicare and Medicaid.
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The deal also includes some additional stimulus tax benefits, like a two-year expansion of the Earned Income Tax Credit, the additional child tax credit and a credit to help college students offset tuition costs.
U.S. debit volume rose 15.4%, which more than offset a 1.1% decline in credit volume.
In the process, after the carbon that is kept earthbound as a result is tallied, it can be sold as a carbon credit to anyone who wants to offset their own carbon dioxide emissions.
Let's offset the nonsense, begin to give carbon some honest credit it deserves, and put a cap on those who malign it to advance special agendas.
In easing rapidly and proactively, we sought to offset, at least in part, the tightening of credit conditions associated with the crisis and thus to mitigate the effects on the broader economy.
This does not mean that monetary policy alone can offset the contractionary effect of the current massive disruption in the credit markets.
To be sure, the rise in student-loan debt is being at least partially offset by reductions in other types of debt, such as credit cards and mortgages, said Richard Fry, a senior economist with the Pew Research Center in Washington.
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Mr Speaker, I said that I would look at the administrative practicalities of other options that some Right Honourable and Honourable Members have suggested, including a one-off rebate or compensatory payment as well as changes to the tax credit system to allow the average losses to be offset.
"Merck does not have a pipeline significant enough to offset these losses, " wrote Catherine Arnold, an analyst at Credit Suisse First Boston, in a note to investors.
To encourage small businesses with fewer than 25 full time employees to provide employee health insurance, Congress provided a tax credit under the Affordable Care Act (ACA) to offset the cost of providing worker health coverage to those businesses with lower income workers that paid for at least 50 percent of the cost of single coverage.
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The EITC is a refundable federal income tax credit targeted to low to moderate income working individuals and families since it helps offset Social Security taxes for taxpayers who work but make a limited amount of earned income during the year.
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