Tax Base: Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion.

 

Related Words

Tax Base: Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion.

Gross Tax Liability: The amount of tax computed by multiplying the tax base (taxable income) by the appropriate tax rates.

Tax And Loan Account: A tax on imports or exports.

Tax: A government fee on business and individual income, activities, or products.

Syntaxic Mode: The mode of perception that forms whole, logical, coherent pictures of reality that can be validated by others.

Tax Anticipation Bills (Tabs): An account at a private bank, held in the name of the district Federal Reserve Bank, which holds operating cash for the business of the U.S. Treasury.

Tax Anticipation Notes (Tans): Special bills that the Treasury occasionally issues that mature on corporate quarterly income tax dates and can be used at face value by corporations to pay their tax liabilities.

Self-Employment Tax: A tax self-employed people must pay to qualify them to receive Social Security benefits at retirement.

Tax Avoidance: Audit by the IRS or other tax-collecting agency to determine whether a taxpayer has paid the correct amount of tax.

Tax Audit: Notes issued by states or municipalities to finance current operations in anticipation of future tax receipts.