The only tax bite is the usual 15% federal rate she pays on income.
It seems only a matter of time until some such tax bite is created.
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There are a few exceptions to COD income that can prevent the tax bite.
Vertex reports that nationally the average sales tax bite rose in just one year by a ninth.
The average federal tax bite on the top 400 was 30% in 1995 and 23% in 2002.
Trying to shield profits from so large a tax bite has led to all manner of corporate abuses.
Argentina's unemployment rate has been heading upward since the mid-1980s (it's now 15%) because the tax bite is so large.
They forget that the economic damage of taxes comes from the total tax bite, not just the federal income tax.
Sure, it's federally deductible, but it still brings the marginal tax bite up to 37%, says California tax adviser Claudia Hill.
Joe and Susan, a wealthy couple here in the United States, next year will likely experience a greater tax bite.
So, for example, the children of George Steinbrenner, who died in 2010, may not actually escape the estate tax bite after all.
That means that trust beneficiaries can take distributions from special non-exempt GST trusts with no tax bite (chalk one up for the trust babies).
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Apple would incur a stinging income tax bite if it were to repatriate the money back to the U.S. in order to accomplish this.
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Lately, the trend is towards eliminating state estate taxes, or at least lessening the tax bite by increasing the amount exempt from the tax.
The IRS would get a smaller tax bite from them and would receive less in the long term, but it is the short term we care about.
That works out to an average federal income tax bite of 17%--the lowest rate paid by the richest 400 during the 15-year period covered by the IRS statistics.
Then, beginning in 2013, high-income folks will pay an additional 3.8% Medicare tax on investment income, including capital gains, bringing the federal capital gains tax bite up to 23.8%.
When tapping savings to pay medical bills, advisers say, top priorities should be avoiding a bigger tax bite and not selling off a stock portfolio in a down market.
The surtax was effectively repealed by the 2001 Bush tax cuts, which lessened the estate tax bite gradually over the last decade, ending with no estate tax this year.
It is written in a simple question-and-answer format, and does a nice job of breaking down complex tax theory into bite-sized understandable chunks.
There were also countless tax shelters that eased the bite of high rates.
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Other countries are also having difficulty meeting their agreed targets because, as the spending cuts bite, so tax revenues fall.
What's more, the added income could bump a taxpayer into a higher tax bracket, making the bite even more painful.
With many aspects of federal taxation completely vague and uncertain, now is a good time to consider strategies to lessen the bite of expected tax increases.
But "in this new revenue driven environment, the cats and dogs can bite, " warns veteran tax lobbyist Kenneth Kies.
As for state and local tax , the Big Apple takes the biggest bite out of its Powerball winners.
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For all the talk of fiscal stringency, tax rises and spending cuts are only beginning to bite.
He changed the tax code to make sanctions against apartheid South Africa bite.
The reconciliation bill delays the start of the Cadillac tax for an additional five years but increases its bite after 2018.
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