# STUCK WITH YOU Would tax stop
people dumping the gum we end up walking in?
The party also wants to maintain the current tax stop
Clause: A provision in a lease whereby real estate tax increases imposed on the lessor are passed along to the lessee as additional rent; also referred to as an Escalator clause.
'If a 5 per cent new tax stops
a potential buyer from buying a new car, resultantly the government would lose a 35 per cent tax collection.' Rizvi explained to Profit, that if a buyer pays 30 per cent to 38 per cent in taxes when he or she buys a new car, depending on the car, then the government loses the whole chunk and ultimately the revenue that is to come from the running and maintenance of that car.'
This tax stops
the slide of our schools, and that is good for business.
Says Prendergast, "If expensing an equipment purchase results in a net loss for your business, that will reduce your income tax liability on a dollar for dollar basis but not your self-employment (SE) tax liability." Prendergast explains that the 15.3% SE tax stops
when your net income drops below zero.