RRSPs can be purchased until the annuitant is aged 70. While it is possible to purchase more than the contributor's deduction limit, it is generally not advised as the excess amount (presently $2,000 over the deduction limit) is subject to a significant penalty tax removing all benefits. RRSPs purchased within the first 60 days of the calendar year may be used for the previous tax years. All othe ...

See also:

Registered Retirement Savings Plan, Registered Retirement Savings Plan - Terminology, Registered Retirement Savings Plan - Calculating RRSP Deduction Limit, Registered Retirement Savings Plan - Limits on purchase, Registered Retirement Savings Plan - Spousal RRSP, Registered Retirement Savings Plan - After Age 69, Registered Retirement Savings Plan - Self-Directed RRSP, Registered Retirement Savings Plan - Caution

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The German Army and Air Force Enigma machines used a stack of three rotors with 26 electrical contacts on each end. The wiring between the input and output contacts within each rotor was scrambled. The three rotors were connected to a non-rotating reflecting drum, or reflector, which redirected electrical current back in reverse order through the rotors. The set of rotors and the reflector is termed the scrambler, denoted by S in this article. Each rotor could be set into one of 26 positions, resulting in 26 × 26 × 26 = 17,57 ...

See also:

Bombe, Bombe - The Enigma machine, Bombe - The principle of the bombe, Bombe - Cribs, Bombe - The plugboard, Bombe - Reasoning about steckered values, Bombe - Automating deduction using an electrical circuit, Bombe - In practice, Bombe - The British bombe, Bombe - History and use, Bombe - United States Navy bombes

Read more here: » Bombe: Encyclopedia II - Bombe - The Enigma machine

Besides the general and most widely-argued issue of which tax system is the fairest to both high and low income earners, there are several other arguments in favor or against a flat tax. Flat tax - Arguments in favor. The enactment of a flat tax system simplifies the tax code by only taxing income at its source. The U.S. tax code for example is currently over 9 million words long and contains many loopholes, deductions, and exemptions that - proponents of flat-tax claim - complicate and create inef ...

See also:

Flat tax, Flat tax - History and current use, Flat tax - Recent and current proposals, Flat tax - Possible implementations, Flat tax - Flat tax with deductions, Flat tax - Negative income tax, Flat tax - True flat tax, Flat tax - Fairness of taxation, Flat tax - Other issues, Flat tax - Arguments in favor, Flat tax - Arguments against

Read more here: » Flat tax: Encyclopedia II - Flat tax - Other issues

Besides the general and most widely-argued issue of which tax system is the fairest to both high and low income earners, there are several other arguments in favour or against a flat tax. Flat tax - Arguments in favor. The enactment of a flat tax system simplifies the tax code by only taxing income at its source. The U.S. tax code for example is currently over 9 million words long and contains many loopholes, deductions, and exemptions that - proponents of flat-tax claim - complicate and create ine ...

See also:

Flat tax, Flat tax - History and current use, Flat tax - Recent and current proposals, Flat tax - Possible implementations, Flat tax - Flat tax with deductions, Flat tax - Negative income tax, Flat tax - True flat tax, Flat tax - Fairness of taxation, Flat tax - Other issues, Flat tax - Arguments in favor, Flat tax - Arguments against

Read more here: » Flat tax: Encyclopedia II - Flat tax - Other issues

Definition and meaning of Deductible Clause :

Deductible Clause: A contract provision that sets forth the deductible.

(Source: InsWeb)

Also see these pages: Deductible Clause , Insurance, Insurance Sitemap, Insurance Dictionary - D

If a claimant is receiving income support or income-based Jobseeker's Allowance, or if their income is no higher than what they would receive on Income Support if they had no income or savings at all - then their housing benefit will be their full eligible rent. If a claimant's income is higher than what they would theoretically receive on Income Support, then a deduction is made from their housing benefit entitlement. Housing benefit is reduced at a rate of 65p for each £1 of excess income. The first £3000 of savings are ign ...

See also:

Housing Benefit, Housing Benefit - Benefit restrictions for private tenants, Housing Benefit - Council and housing association tenants, Housing Benefit - Benefit taper, Housing Benefit - Non Dependent Deductions, Housing Benefit - History, Housing Benefit - Pre-tenancy Determination and No DSS, Housing Benefit - Changes in circumstances, Housing Benefit - Treatment of overpayments, Housing Benefit - Local Housing Allowance, Housing Benefit - External link

Read more here: » Housing Benefit: Encyclopedia II - Housing Benefit - Benefit taper

The local authority can deduct overpayment debts from future entitlement to housing benefit, but only up to a legal maximum weekly rate. As of 2005, this rate is £8.55 per week. If the claimant is no longer entitled to housing benefit, they can also send the claimant a bill for it. If the claimant doesn't pay, the local authority has roughly the same legal means to recover it as other unsecured creditors, such as credit cards and utilities. Unlike council tax debts, the te ...

See also:

Housing Benefit, Housing Benefit - Benefit restrictions for private tenants, Housing Benefit - Council and housing association tenants, Housing Benefit - Benefit taper, Housing Benefit - Non Dependent Deductions, Housing Benefit - History, Housing Benefit - Pre-tenancy Determination and No DSS, Housing Benefit - Changes in circumstances, Housing Benefit - Treatment of overpayments, Housing Benefit - Local Housing Allowance, Housing Benefit - External link

Read more here: » Housing Benefit: Encyclopedia II - Housing Benefit - Treatment of overpayments

Historically, the introduction of flat taxes was considered an improvement over the previous situation, where nobility and the clergy were often (nearly) exempt from paying any taxes at all. This was for instance one of the causes of the French Revolution. During the nineteenth century, flat taxes for all incomes were eventually introduced in most European countries. After World War I, a progressive income tax was introduced in the majority of countries to fund increased government spending for social programmes and, in particular, la ...

See also:

Flat tax, Flat tax - History and current use, Flat tax - Recent and current proposals, Flat tax - Possible implementations, Flat tax - Flat tax with deductions, Flat tax - Negative income tax, Flat tax - True flat tax, Flat tax - Fairness of taxation, Flat tax - Other issues, Flat tax - Arguments in favor, Flat tax - Arguments against

Read more here: » Flat tax: Encyclopedia II - Flat tax - History and current use

This is a hotly debated issue with regards to flat taxes. Broadly, proponents of the flat tax claim it is fairer than progressive taxation, since "everybody pays the same". Opponents point out that for the state to raise the same amount of money under a flat rate tax requires that the rich pay less and the poor pay more than they would under a progressive tax system. Discussing the possible future introduction of flat tax in the UK, the journalist Neil Clark described it as "a far-right wheeze that would leave, according to a Treasury report, up to 30 million Britons worse off and the super-rich even ric ...

See also:

Flat tax, Flat tax - History and current use, Flat tax - Recent and current proposals, Flat tax - Possible implementations, Flat tax - Flat tax with deductions, Flat tax - Negative income tax, Flat tax - True flat tax, Flat tax - Fairness of taxation, Flat tax - Other issues, Flat tax - Arguments in favor, Flat tax - Arguments against

Read more here: » Flat tax: Encyclopedia II - Flat tax - Fairness of taxation

In many cases, housing benefit will pay a private tenant's full rent, however, the benefit is not unrestricted. It will only pay whichever is the least of: the tenant's actual rent the rent that would be reasonable in the area for the size of premises the tenant occupies the rent that would be reasonable in the area for the size of premises the tenant is considered to need for his/her family This figure is known as the eligible rent, and is set by the Rent Service at least on ...

See also:

Housing Benefit, Housing Benefit - Benefit restrictions for private tenants, Housing Benefit - Council and housing association tenants, Housing Benefit - Benefit taper, Housing Benefit - Non Dependent Deductions, Housing Benefit - History, Housing Benefit - Pre-tenancy Determination and No DSS, Housing Benefit - Changes in circumstances, Housing Benefit - Treatment of overpayments, Housing Benefit - Local Housing Allowance, Housing Benefit - External link

Read more here: » Housing Benefit: Encyclopedia II - Housing Benefit - Benefit restrictions for private tenants

Housing benefit evolved out of subsidies for council housing. In the 1980s, the Conservative Party policy was to withdraw from building more council houses, and housing benefit was introduced in 1982 primarily to make it easier for low-income tenants, who would otherwise be dependent on social housing, to move into private rented accommodation, thereby preventing widespread homelessness that might have otherwise resulted from the Right to Buy Scheme. Critics contend that the restrictions that have been placed on Housing Benefit make it woef ...

See also:

Housing Benefit, Housing Benefit - Benefit restrictions for private tenants, Housing Benefit - Council and housing association tenants, Housing Benefit - Benefit taper, Housing Benefit - Non Dependent Deductions, Housing Benefit - History, Housing Benefit - Pre-tenancy Determination and No DSS, Housing Benefit - Changes in circumstances, Housing Benefit - Treatment of overpayments, Housing Benefit - Local Housing Allowance, Housing Benefit - External link

Read more here: » Housing Benefit: Encyclopedia II - Housing Benefit - History

In theory, prospective tenants can find out whether housing benefit will pay for a particular property or not, by asking the local authority for a Pre-Tenancy Determination, which is a report from the Rent Service about what the eligible rent would be for that property. The prospective tenant needs to get permission from the landlord for this, because the Rent Service will need to gain access to have a look at the premises. However, when classified advertisements for lettings say No DSS, it usually means that the landlord is not willing to consider letti ...

See also:

Housing Benefit, Housing Benefit - Benefit restrictions for private tenants, Housing Benefit - Council and housing association tenants, Housing Benefit - Benefit taper, Housing Benefit - Non Dependent Deductions, Housing Benefit - History, Housing Benefit - Pre-tenancy Determination and No DSS, Housing Benefit - Changes in circumstances, Housing Benefit - Treatment of overpayments, Housing Benefit - Local Housing Allowance, Housing Benefit - External link

Read more here: » Housing Benefit: Encyclopedia II - Housing Benefit - Pre-tenancy Determination and No DSS

Local authorities advise tenants that if their circumstances change, they must notify the housing benefit office "immediately". In the event that a tenant's circumstances change such that they might become entitled to more housing benefit (for example, a fall in income), they must notify the local authority within one month, or lose some of this entitlement. If a tenant's circumstances change such that they become entitled to less housing benefit, then the tenant could be charged with fraud if they do not inform the loca ...

See also:

Housing Benefit, Housing Benefit - Benefit restrictions for private tenants, Housing Benefit - Council and housing association tenants, Housing Benefit - Benefit taper, Housing Benefit - Non Dependent Deductions, Housing Benefit - History, Housing Benefit - Pre-tenancy Determination and No DSS, Housing Benefit - Changes in circumstances, Housing Benefit - Treatment of overpayments, Housing Benefit - Local Housing Allowance, Housing Benefit - External link

Read more here: » Housing Benefit: Encyclopedia II - Housing Benefit - Changes in circumstances

Tax rates differ based on the residential status of individuals. A resident is defined by anyone who resides permanently in Singapore, or is physically or receiving employment in the country for over 182 days, unless the taxpayer is a company director. Thus, residents who are on overseas employment for at least six months in a calendar year may choose to be treated as a non-resident in the following year of assessment, a status which may be renewed on an annual basis. Taxpayers who are required to travel overseas for the purpose of their employment in Singapore, or who are deployed overseas by the Government of Singap ...

See also:

Individual income tax in Singapore, Individual income tax in Singapore - Tax rates, Individual income tax in Singapore - Tax rates for individual residents, Individual income tax in Singapore - Tax rates for individual non-residents, Individual income tax in Singapore - Taxable income, Individual income tax in Singapore - Employment income, Individual income tax in Singapore - Dividends, Individual income tax in Singapore - Interest, Individual income tax in Singapore - Rental, Individual income tax in Singapore - Others, Individual income tax in Singapore - Tax deductions, Individual income tax in Singapore - Tax rebates

Read more here: » Individual income tax in Singapore: Encyclopedia II - Individual income tax in Singapore - Tax rates

Individual income tax in Singapore - Employment income. Individual income tax in Singapore - Dividends. Individual income tax in Singapore - Interest. Individual income tax in Singapore - Rental. Individual income tax in Singapore - Others. ...

See also:

Individual income tax in Singapore, Individual income tax in Singapore - Tax rates, Individual income tax in Singapore - Tax rates for individual residents, Individual income tax in Singapore - Tax rates for individual non-residents, Individual income tax in Singapore - Taxable income, Individual income tax in Singapore - Employment income, Individual income tax in Singapore - Dividends, Individual income tax in Singapore - Interest, Individual income tax in Singapore - Rental, Individual income tax in Singapore - Others, Individual income tax in Singapore - Tax deductions, Individual income tax in Singapore - Tax rebates

Read more here: » Individual income tax in Singapore: Encyclopedia II - Individual income tax in Singapore - Taxable income

Main Article: Sherlock Holmes in other media As Sherlock Holmes is such a popular character there have been many adaptations of Conan-Doyle's work - much in the same way that Hamlet or Dracula are often revised and adapted. ...

See also:

Sherlock Holmes, Sherlock Holmes - Detective story, Sherlock Holmes - Profile, Sherlock Holmes - His background, Sherlock Holmes - Holmes and Women, Sherlock Holmes - His habits, Sherlock Holmes - Holmesian or Sherlockian deduction, Sherlock Holmes - Man or machine, Sherlock Holmes - Novels, Sherlock Holmes - Short stories, Sherlock Holmes - Lists of favorite stories, Sherlock Holmes - The Hiatus, Sherlock Holmes - Adaptations, Sherlock Holmes - Holmesian speculation, Sherlock Holmes - The Holmes family, Sherlock Holmes - The Sherlock Holmes copyright, Sherlock Holmes - Related and Derivative Works non canonical, Sherlock Holmes - Notes, Sherlock Holmes - Other Pop Culture References

Read more here: » Sherlock Holmes: Encyclopedia II - Sherlock Holmes - Adaptations

FairTax opponents argue that the proposal would alter significantly the distribution of tax burden among citizens. Economist William G. Gale at the Brookings Institution writes: "Under the AFT proposal, taxes would rise for households in the bottom 90% of the income distribution, while households in the top 1 percent would receive an average tax cut of over $75,000." Gale continues, "If households are classified by consumption level, a somewhat different pattern emerges. Households in the bottom two-thirds of the distribution would pay less ...

See also:

FairTax, FairTax - Legislative history, FairTax - The FairTax tax rate and tax base, FairTax - Revenue-neutral rate studies, FairTax - Effective household tax burden, FairTax - Monthly entitlement checks, FairTax - FairTax and status quo tax burden comparison, FairTax - Predicted benefits, FairTax - Tax burden visibility, FairTax - Effect on tax compliance costs, FairTax - Promotion of economic growth, FairTax - Effect on international business locality, FairTax - Effects on Tax Code Compliance, FairTax - Tax compliance, FairTax - Black markets, FairTax - Effects on distribution of tax burden, FairTax - Transition effects, FairTax - Repeal of 16th Amendment, FairTax - Effect on savers, FairTax - Changes in the retail economy, FairTax - Implementation, FairTax - Supporting theories of effect, FairTax - Other indirect effects, FairTax - Home mortgage interest deduction, FairTax - Charitable giving, FairTax - Housing prices, FairTax - State and local government debt, FairTax - Real interest rates, FairTax - Financial markets, FairTax - Effect on law enforcement and crime

Read more here: » FairTax: Encyclopedia II - FairTax - Effects on distribution of tax burden

FairTax - Repeal of 16th Amendment. If the FairTax bill is passed, elimination of income taxation is not guaranteed; the FairTax bill repeals much existing tax code, but passage of this measure may in fact simply add an additional tax system. The elimination of the possibility that income taxation would return (though a separate Congressional bill), requires a repeal of the Sixteenth Amendment to the United States Constitution.[22]< ...

See also:

FairTax, FairTax - Legislative history, FairTax - The FairTax tax rate and tax base, FairTax - Revenue-neutral rate studies, FairTax - Effective household tax burden, FairTax - Monthly entitlement checks, FairTax - FairTax and status quo tax burden comparison, FairTax - Predicted benefits, FairTax - Tax burden visibility, FairTax - Effect on tax compliance costs, FairTax - Promotion of economic growth, FairTax - Effect on international business locality, FairTax - Effects on Tax Code Compliance, FairTax - Tax compliance, FairTax - Black markets, FairTax - Effects on distribution of tax burden, FairTax - Transition effects, FairTax - Repeal of 16th Amendment, FairTax - Effect on savers, FairTax - Changes in the retail economy, FairTax - Implementation, FairTax - Supporting theories of effect, FairTax - Other indirect effects, FairTax - Home mortgage interest deduction, FairTax - Charitable giving, FairTax - Housing prices, FairTax - State and local government debt, FairTax - Real interest rates, FairTax - Financial markets, FairTax - Effect on law enforcement and crime

Read more here: » FairTax: Encyclopedia II - FairTax - Transition effects

FairTax - Implementation. Like other firms, retailers will enjoy a zero corporate tax rate. Under the FairTax, however, retailers would be required to collect the federal sales tax on all sales occurring within the United States. Retailers will receive a collection fee of 25 basis points on federal funds collected. States that choose to conform to the federal base will have the added advantage of information sharing and clear interstate revenue allocation rules. The ability for the state to collect these h ...

See also:

FairTax, FairTax - Legislative history, FairTax - The FairTax tax rate and tax base, FairTax - Revenue-neutral rate studies, FairTax - Effective household tax burden, FairTax - Monthly entitlement checks, FairTax - FairTax and status quo tax burden comparison, FairTax - Predicted benefits, FairTax - Tax burden visibility, FairTax - Effect on tax compliance costs, FairTax - Promotion of economic growth, FairTax - Effect on international business locality, FairTax - Effects on Tax Code Compliance, FairTax - Tax compliance, FairTax - Black markets, FairTax - Effects on distribution of tax burden, FairTax - Transition effects, FairTax - Repeal of 16th Amendment, FairTax - Effect on savers, FairTax - Changes in the retail economy, FairTax - Implementation, FairTax - Supporting theories of effect, FairTax - Other indirect effects, FairTax - Home mortgage interest deduction, FairTax - Charitable giving, FairTax - Housing prices, FairTax - State and local government debt, FairTax - Real interest rates, FairTax - Financial markets, FairTax - Effect on law enforcement and crime

Read more here: » FairTax: Encyclopedia II - FairTax - Changes in the retail economy

Republican Georgia Representative John Linder authored and introduced the FairTax Bill in July 1999 in the 106th United States Congress and has reintroduced the bill in each subsequent session of Congress. The bill has seen the most support in the 108th and 109th sessions of Congress, attracting more co-sponsors than any other fundamental tax reform bill introduced in the House of Representatives. The FairTax legislation was introduced in 2003 in the 108th Congress and had 56 co-sponsors, including Democrat Collin Peterson of Minnesot ...

See also:

FairTax, FairTax - Legislative history, FairTax - The FairTax tax rate and tax base, FairTax - Revenue-neutral rate studies, FairTax - Effective household tax burden, FairTax - Monthly entitlement checks, FairTax - FairTax and status quo tax burden comparison, FairTax - Predicted benefits, FairTax - Tax burden visibility, FairTax - Effect on tax compliance costs, FairTax - Promotion of economic growth, FairTax - Effect on international business locality, FairTax - Effects on Tax Code Compliance, FairTax - Tax compliance, FairTax - Black markets, FairTax - Effects on distribution of tax burden, FairTax - Transition effects, FairTax - Repeal of 16th Amendment, FairTax - Effect on savers, FairTax - Changes in the retail economy, FairTax - Implementation, FairTax - Supporting theories of effect, FairTax - Other indirect effects, FairTax - Home mortgage interest deduction, FairTax - Charitable giving, FairTax - Housing prices, FairTax - State and local government debt, FairTax - Real interest rates, FairTax - Financial markets, FairTax - Effect on law enforcement and crime

Read more here: » FairTax: Encyclopedia II - FairTax - Legislative history

In its current form, the FairTax legislation applies a 23% federal retail sales tax on the total transaction value of retail goods and services purchases; consumers pay to the government 23 cents of every dollar spent. The assessed tax rate is 30% when FairTax is added to the pre-tax price of a good like traditional sales taxes; items priced at $1.00 pre-tax cost $1.30 with FairTax added (refer to tax burden comparison for tax rate calculations). The FairTax legislation assesses taxes on the purchase of new goods and services. Spending on certain services (such as education) and used goods is n ...

See also:

FairTax, FairTax - Legislative history, FairTax - The FairTax tax rate and tax base, FairTax - Revenue-neutral rate studies, FairTax - Effective household tax burden, FairTax - Monthly entitlement checks, FairTax - FairTax and status quo tax burden comparison, FairTax - Predicted benefits, FairTax - Tax burden visibility, FairTax - Effect on tax compliance costs, FairTax - Promotion of economic growth, FairTax - Effect on international business locality, FairTax - Effects on Tax Code Compliance, FairTax - Tax compliance, FairTax - Black markets, FairTax - Effects on distribution of tax burden, FairTax - Transition effects, FairTax - Repeal of 16th Amendment, FairTax - Effect on savers, FairTax - Changes in the retail economy, FairTax - Implementation, FairTax - Supporting theories of effect, FairTax - Other indirect effects, FairTax - Home mortgage interest deduction, FairTax - Charitable giving, FairTax - Housing prices, FairTax - State and local government debt, FairTax - Real interest rates, FairTax - Financial markets, FairTax - Effect on law enforcement and crime

Read more here: » FairTax: Encyclopedia II - FairTax - The FairTax tax rate and tax base

FairTax - Tax burden visibility. FairTax supporters assert that the proposal makes the cost of federal government highly visible—consumers will see most of the cost of the federal government in a single tax paid every time they purchase a good or service. Under the current tax system, the federal government collects revenue through a wide variety of taxes on individuals and businesses. Thus the cost of government is spread out among many different avenues and may not be fully visible to individual citizens. For ...

See also:

FairTax, FairTax - Legislative history, FairTax - The FairTax tax rate and tax base, FairTax - Revenue-neutral rate studies, FairTax - Effective household tax burden, FairTax - Monthly entitlement checks, FairTax - FairTax and status quo tax burden comparison, FairTax - Predicted benefits, FairTax - Tax burden visibility, FairTax - Effect on tax compliance costs, FairTax - Promotion of economic growth, FairTax - Effect on international business locality, FairTax - Effects on Tax Code Compliance, FairTax - Tax compliance, FairTax - Black markets, FairTax - Effects on distribution of tax burden, FairTax - Transition effects, FairTax - Repeal of 16th Amendment, FairTax - Effect on savers, FairTax - Changes in the retail economy, FairTax - Implementation, FairTax - Supporting theories of effect, FairTax - Other indirect effects, FairTax - Home mortgage interest deduction, FairTax - Charitable giving, FairTax - Housing prices, FairTax - State and local government debt, FairTax - Real interest rates, FairTax - Financial markets, FairTax - Effect on law enforcement and crime

Read more here: » FairTax: Encyclopedia II - FairTax - Predicted benefits