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 ?
Politicians extort campaign funds from cowed industries that fear having their products taxed more or that want their product exempted from the VAT.
The method addresses fairness--remote sellers and Main Street businesses would be taxed equally.
Instead, imports would not be taxed but exports would.
After the JGTRRA, individuals' dividends are taxed at a 5% or 15% rate; thus, in many instances, it may be quite advantageous for disbursements to be nondeductible by the payer and received by a shareholder as a dividend.
income), the tax policy challenge today is to determine where and in what amount the income which is based upon knowledge is earned, so that it may be taxed.
They may be better off having investment vehicles such as taxable bonds in retirement accounts, because interest is still taxed at ordinary income rates, as are retirement distributions.
American goods that are sent overseas are taxed twice: once by the corporate income tax that is passed on to the price of goods and once by the destination country's tax.
citizens and residents are taxed on their worldwide income, and that Sec.
Thus, the income tax-consumption tax debate is not about whether to tax consumption; consumption is and would be taxed under either system.
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.