That tax difference is worth as much as another quarter-point (in a taxable account).
The tax gap is the difference between the total tax that should be paid in the UK economy if the law operated as parliament intended, there was no tax evasion and people paid their taxes when due.
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Apple has also been cash tax efficient since it has paid 13% in cash vs. a reported 25%. eBay has the lowest reported tax rate at 17% and the closest difference between its cash tax rate to its reported.
While the write-off would make no difference to a tax-exempt investor, a taxable investor in the 30% tax bracket would get an after-tax income stream comparable to another REIT yielding 7.14%, a substantial difference.
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If so, they clearly do not understand the difference between tax avoidance and tax evasion.
And let us never forget, or let the Government forget, the difference between tax relief and tax deferral.
So this tax cut makes a difference for a lot of families.
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Cuts in those tax preferences could make a big difference in determining who wins and who loses from the tax portion of his budget.
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The tax break is the difference of the two.
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It's likely this week that we start seeing some discussion about potential tax cuts and credits that could make some difference in hiring, but we want to go beyond just tax policy.
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So that's a good news story, but it's also indicative of how our tax policies can make a difference.
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Last week, Lefty's rival, Tiger Woods, acknowledged that he left California for Florida in 1996 when he turned pro because of the difference in state tax.
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They ignore the fact that there is a difference between your marginal tax rate and your effective tax rate.
You might suppose that subsidiaries are too small to make a difference to the overall tax rates of big firms.
Today, the Treasury Department is putting out a report showing what a difference these college tuition tax credits are making.
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And they agreed that someday, the federal government will turn to some form of a consumption tax to help make up the difference.
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And in California the difference between pre-tax and after-tax is large.
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Sole proprietors report business income on their individual tax returns and, the IRS says, they account for the biggest share of the tax gap, which is the difference between what taxpayers owe each year under the law and what they actually pay.
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.
Donald Marron, director of the Tax Policy Center, thinks that this is precisely why cutting taxes no longer does the job, telling David Leonhardt of the New York Times that when the top marginal rate was 70 percent of higher, as it was from 1940 to 1980, tax cuts could make a big difference.
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What if Congress lowers income tax rates and imposes a consumption tax--perhaps a national sales or value added tax--to make up the difference?
The 77% decline represents the single biggest difference in the way the tax burden is shared in this country since the late 1950s.
The main difference between the pre-tax and Roth 401(k) is whether you pay taxes now (Roth) or at the time you withdraw the money (pre-tax).
Under this proposal, if payroll taxes were higher for such companies this year over last year, they would be refunded the difference through the corporate income tax.
With a conservation easement, you give some or all of the development rights on your land to a government agency or not-for-profit (there are more than 1, 700 local land trusts), and you get a federal income tax deduction for the gift (the difference in the value of the land before and after the easement is in place).
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Oh, there is one more difference between fantasy sports and fantasy tax policy.
He promises lower tax rates across the board, with the difference made up by eliminating deductions and closing loopholes.
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