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 ?
Asking Americans to choose the best way to be taxed - rather than focusing on reducing total taxes - is too reminiscent of the "choice" the state of Utah offered Gary Gilmore: hanging or shooting?
Now that dividends are taxed at a maximum 15% rate, it is an excellent time for such corporations to bail out E&P.
Use the long-term capital gain rate: Long-term capital gains on sales and exchanges will be taxed at lower rates, so the one-year holding period becomes even more important.
Residents paying and deducting foreign taxes on foreign-source income are taxed at a higher combined rate than on domestic-source income.
Under the check-the-box regulations, LPs and LLCs are considered by default to be partnerships (flowthrough entities) or in the case of a single-member LLC, a transparent entity, and can elect to be taxed as corporations for U.
Individuals are taxed on their earnings, and they are taxed again on income from savings.
Donees who have received previously taxed gifts should be allowed to increase their basis in the gifted asset by the entire amount of gift tax paid.
Canadians will be faced with the dilemma that many exports are produced at some cost in terms of resources or pollution, and attempts to use taxed to modify productioin processes or recover these costs from the exporters themselves will have to be balanced against the desirability of preserving the geese that lay the golden eggs.
Because the FTC cannot be used to offset this tax, the foreign dividends will be taxed twice.
Under Subpart F of the Code, certain types of income received by controlled foreign corporations (CFCs) will be currently taxed as a constructive dividend to U.
LLCs, limited liability partnerships and limited partnerships); general partnerships and sole proprietorships are not taxed.
Qualifying sales of chemicals used in manufacture of rigid foam insulation are not taxable in 1990 and are taxed at reduced rates for 1991, 1992, and 1993.