tax

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tax

a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services, etc.
References in periodicals archive ?
When you bring your purchase to the register on this tax-free day, you must tell the clerk if you voted for a Democrat.
The Video: Tax-Free Retirement Plans points out a major obstacle facing retirees: Retirement Plan Tax-Traps.
In order to take tax-free distributions, this 55-year-old would want the balance of his IRA at retirement to be small enough that Required Minimum Distributions at age 70
Some of the tax-free items include: dresses, shirts, jeans and trousers, coats and jackets, shoes, binders and notebooks, book bags, lunch boxes, calculators, and pens and pencils.
Peabody argued that, since all real property is like-kind to all other real property, the transaction was tax-free.
First, the longer the funds are in the IRA, the more time there is to benefit from tax-free growth.
If the binding contract rule does not apply to this transaction, the merger would not qualify as a tax-free reorganization because, absent the binding contract rule, the value of A stock used in the transaction would be measured as of Sept.
Pelosi, who already gets tax-free health insurance financed by taxpayers, does not support Fair Care.
While the accommodation itself should classify as tax-free provided the conditions are met, the associated expenses such as light and heat, council tax and landline telephone bills do not generally qualify as tax-free expenses.
And a last but important consideration: The faster you switch to the Roth IRA, the longer your money will have to earn interest tax-free.
Now the president's proposed savings accounts could hurt the viability of the variable-annuity product itself in that the new accounts would be tax-free investment vehicles, while distributions from annuities still would be taxed.
The tax-free conversion of convertible bonds and convertible preferred stock into common stock;