tax

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Related to taxable: Taxable income

tax

n. a governmental assessment (charge) upon property value, transactions (transfers and sales), licenses granting a right, and/or income. These include Federal and state income taxes, county and city taxes on real property, state and/or local sales tax based on a percentage of each retail transaction, duties on imports from foreign countries, business licenses, Federal tax (and some states' taxes) on the estates of persons who have died, taxes on large gifts, and a state "use" tax in lieu of sales tax imposed on certain goods bought outside of the state. (See: income tax, estate tax, gift tax, use tax, unified estate and gift tax, franchise tax)

tax

noun assessment, capitation, charge, dues, duty, exaction, exactment, excise, imposition, impost, levy, pollage, portorium, scot, tariff, taxation, tithe, toll, tribute, vectigal
Associated concepts: action for taxes, ad valorem tax, apportionment of taxes, back taxes, collection of taxes, current tax, delinquent tax, direct tax, discriminatory tax, douule taxation, estate tax, evasion of taxation, excess profits tax, excessive tax, excise tax, federal estate tax, federal taxes, franchise tax, general tax, graduated tax, income tax, indirect tax, inheritance tax, land tax, levy a tax, power of taxation, power to tax, progressive tax, propprty tax, proportional tax, regulatory tax, retroactive tax, sales tax, tax anticipation note, tax assessor, tax deed, tax district, tax lien, tax roll, tax sale, tax title, tax warrants, transfer tax, withholding taxes

tax

(Levy), verb assess, collect, exact, lay a duty, require

tax

(Overwork), verb burden, cumber, debilitate, deprive of strength, disable, drain, encumber, exact, fatigue, load, make excessive demands, oppress, overexercise, overexert, overfatigue, overload, overstrain, overtire, overuse, push too far, require, saddle with, strain, task, tire out, tyrannize, use hard, weaken, wear down, wear out, weary, weigh down
See also: assess, assessment, charge, coerce, compel, cost, deplete, encumber, enforce, exact, excise, exhaust, fine, force, hinder, impose, levy, rebuke, reproach, require, toll

tax

a levy made by national or local government to pay for services provided by public bodies. There is no inherent power in the Crown to raise money in this way; express provision must be made by statute. Changes to tax law are made annually in the Finance Act(s); periodically the law is consolidated, as for example in the Income and Corporation Taxes Act 1988 or the Taxation of Chargeable Gains Act 1992. See TAXATION.
References in periodicals archive ?
person is treated as an indirect shareholder, that person is taxable on any distribution made by the PFIC to the actual owner of the PFIC stock ("indirect distributions"), and on any disposition by the actual owner if, as a result of the disposition, the U.
382-6 provides alternative rules for allocating net operating loss or taxable income and net capital loss or gain between the periods ending with and after the ownership change date.
In addition to determining and translating its taxable income or loss, under both the 1991 proposed regulations and 2006 proposed regulations, a Section 987 QBU must determine foreign currency gain or loss at the time it makes or is deemed to make remittances back to its owner.
Also, Social Security recipients already may be taking an IRA-required distribution that increases their income to a level where as much as 85 percent of their Social Security is taxable.
Be careful when you have "cash boot" that would be taxable in the subsequent year that you consider depreciation recapture.
Fuel for private use Taxable at scale rate Not taxable
Baron Asset Fund had a 19% turnover rare last year and distributed only 4 cents per share in taxable gains to its investors.
Under the Statement 96 assumption of "no future events," the reversals are the first, and indeed the only, items entering into future taxable income.
Because of the REIT structure and accounting rules for securitizations, taxable income exceeded GAAP earnings in recent years, and we expect taxable income to be less than GAAP earnings over the next several years.
The nondeductible portion must be included in taxable income for the year of receipt.
She excluded the $11,855 of workers' compensation as "not paid by SSA" because she believed the workers' compensation offset was not includable in taxable income.
In the last few years, the Internal Revenue Service (IRS) has provided specific guidelines for qualified tenant construction allowances not to be treated as taxable income.