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 ?
Because the kiddie tax is imposed only on unearned income in excess of $1,700, unearned income below that threshold is taxed at the child's rate.
Ron Wyden of Oregon, has emerged into the Bradley role, with a proposal that would redefine simplification and fairness by taking as its central idea that all income, from whatever source, should be taxed the same.
Specifically, Subpart F makes it difficult to operate in the same manner as foreign competitors since our competitors are generally not taxed in their home country on foreign operating income while U.S.
Qualified dividends and long-term capital gains currently are taxed at a maximum rate of only 15%, much lower than on ordinary income such as interest and short-term capital gains.
The capital gains rate reduction, however, did not go into effect until May 6, Any gains earned prior to May 6 will be taxed at 20% while gains realized after May 6 will be taxed at the lower 15% rate.
For those in the 10 percent or 15 percent rate bracket, net long-term capital gains will be taxed at only 5 percent.
Americans and most other people these days are already taxed up to their eyeballs, yet the architects of the new world order are pushing more and more aggressively for a global taxation regime.
So you're taxed on every dollar you earn up to $62,000, then above that you don't pay a nickel.
Yet, those who earn wages and spend them are taxed twice.
Businesses would be taxed on their gross revenue less cash wages, salaries, and pensions paid (but not benefits); purchases of goods, services, and materials used in business; and all capital equipment, structures, and land.
The steam supplied by Con Edison to a landlord can only be taxed under Section 1105(b) if it is a "sale, other than ...
Since 1967, most Western European countries have been using VATs, under which a company is taxed only on the value it adds to a product.