tax

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Related to taxable: Taxable income

tax

Vox populi Monies paid to a governing body. See Dean's tax, Fat tax, Provider tax, Sin tax.

tax,

n a ratable portion of the proceeds or value of the property and labor of the citizen; any contribution imposed by government for the use and service of the state.
tax brackets,
n.pl the income intervals of the graduated income tax law that establish the rate of tax for each level of income.
Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA),
n.pr legislation (Public Law 97-248) affecting health maintenance organizations and the Medicare and Medicaid programs. Provides regulations for the development of HMO risk contracting with the Medicare program and, through an amendment, establishes new provisions for the foundation and operation of peer review organizations.
tax planning,
n making business and investment decisions based on estimated income and current and projected tax laws.
tax shelter investments,
n.pl investments that reduce, remove, or defer income from state and federal income tax liability.
References in periodicals archive ?
Section 1291(b) defines the term "excess distribution" as any distribution in respect of stock received during the taxable year to the extent such distribution does not exceed the U.
In the private letter rulings issued under Notice 87-79, the IRS generally limited the amount of pre-change income allocable to the pre-change date period under the closing-of-the-books method to the total amount of taxable income earned during the period encompassing the ownership change.
After this balance sheet has been created, the taxpayer then calculates the Section 987 QBU's owner functional currency net value at the close of the taxable year by subtracting the amount of liabilities from the value of the assets, both of which are determined in the owner's functional currency at the appropriate rate.
Living accommodation Normally taxable at annual value unless essential for your employment.
The more you trade, the more likely you'll incur taxable gains," says Gale P.
The marginal tax rate used in these calculations is the tax rate expected to apply to the last dollars of taxable income in the period when the reversal will increase or reduce taxes payable.
Flores's 2002 form 1099-SSA--although not paid directly to her as Social Security benefits--was taxable.
The lessee has the taxable year in which the payment was made plus 8 1/2 months to spend the money on improvements to qualify for non-taxable treatment.
TEI acknowledges the concern but submits that the overlap between the term preferred share rules and the taxable preferred share rules and the double tax burden on shares falling under both regimes is unjustified and excessive.
If there is both an executor and a trustee, the trustee of the electing trust must timely provide the executor of the related estate with all of the trust information necessary to permit the executor to file a complete, accurate and timely Form 1041 for the combined electing trust and related estate for each taxable year during the election period [Treas.
40,400,000 Student Loan Revenue Bonds, Taxable Senior Series 2007A-2, 'AAA';