was a closely held corporation, subject to the rule that passive losses of these corporations can offset active income but not portfolio income
To understand how tax and interest rates combine to drive up tax bills, compare the tax bite on portfolio income
in 2014 to 2004, after the last major market rebound.
The population was stratified into classes based on industry, type of return, size of total assets, and size of certain receipt or income amounts from both ordinary business income (loss) and portfolio income
One good sign is that bond portfolio income
, on which disability insurers depend heavily, has remained positive.
Total Portfolio income
is stable with full year 2010 Total Portfolio net operating income expected to be 1.
59) Second, a nation must have exclusive prescriptive jurisdiction over portfolio income
derived anywhere in the world from capital accumulated within its territory.
They suggest a new approach for taxing royalty and fee income earned abroad so that high-technology production in the US is not penalized by comparison with production abroad, and urge the US to take the lead in creating a cooperative international system that would discourage underreporting of foreign portfolio income
The tax attributes passed through from a trading partnership are neither passive nor portfolio income
The changes recharacterize a percentage of certain portfolio income
and expense as passive income and expense (that is, self-charged items) when a taxpayer engages in a lending transaction with a partnership or an S corporation (that is, a pass-through entity) in which the taxpayer owns an interest and the loan proceeds are used in a passive activity.
As such, it would include any so-called portfolio income
that is allocated to a taxpayer from a passive activity.
Shifting portfolio assets to minor children through gifting can also reduce the marginal tax rate at which the portfolio income
The balance on portfolio income
registered a deficit of $71 billion last year, significantly larger than the $54 billion deficit recorded in 1994 (table 8).