tax

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Related to tax system: Progressive tax system, Territorial tax system

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 ?
Such provisions are realistically a part of the baseline against which the revenues from a reformed tax system must be measured.
It was an add-on to an income tax system that was already aimed at the top.
Any income tax system is dependent on massive reporting to the government of income information.
Both alternative tax systems assume the federal income tax on business income is antiquated and beyond repair.
Achieving and maintaining an effective balance between fairness and simplicity--in the tax system or society generally--is not easy.
If the estate tax repeal is not made permanent, Congress could consider modifications to the current wealth transfer tax system.
Which section of society do you think the tax system hurts the most?
Others who would be hurt are those who reap the rewards of our current tax system, such as the real estate industry and state and local governments.
If New York City's tax system can be rationalized, this panel ought to be able to do it," he said.
corporate income tax system and concluded that in its present form it has a very significant, negative impact on economic efficiency.
To be sure, Congress should not ignore the need to revise the tax rules governing individuals, but modernizing America's business tax system is critical to promoting growth, creating jobs, and narrowing the budget deficit.
s highly complex tax structure places domestic corporations at a disadvantage to foreign competitors, and that an uncompetitive tax system in today's global economy carries greater consequences than ever before.