tax

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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 ?
If the parents plan to postpone a sale until 2008 when the child's capital gain rate could be zero, they have to make sure that he or she reaches 18 by then; otherwise, the gain will still be taxed at the parents' (presumably higher) rate (see CCH, Tax Increase Prevention and Reconciliation Act of 2005: Law and Explanation, [paragraph] 210).
Under the new law, dividend income received by a noncorporate shareholder from a domestic or qualified foreign corporation is taxed at a top rate of 15 percent.
If the ITFA commission adopts this proposal, the resulting changes would address the fairness issue, since remote and conventional commerce will be taxed equally.
Then whatever is paid out to the corporation's owners - the shareholders - is taxed again up to a 39.
People could then decide for themselves when they would be taxed by exercising discretionary spending.
Issues such as the treatment of credit and loss carryovers from the old system and whether previously taxed income will be exempted when used for consumption under a new system are challenging and affect tax rates and taxpayer planning.
State Tax Comm'n, (2) this Court held a New York transfer tax that more heavily taxed stock transfers if they occurred outside the state to violate the Commerce Clause.
A second tax advantage concerns the replacement of impaired assets, since an asset can be replaced using insurance proceeds for which the insured is not taxed.
It also would encourage savings and investment, which would not be taxed and would flow back into the economy, creating new business and jobs.
Will coal headed for a power plant be taxed at the mine?
More and more income is taxed before it is repatriated.
Individual incomes--wages, salaries and pensions, but not interest, dividends or capital gains--would be taxed at the same 20% and 17% rates.