federal tax
71Tax shelter — Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.In North… …
72tax evasion — n: a willful and esp. criminal attempt to evade the imposition or payment of a tax convicted of tax evasion Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax evasion …
73Federal Bureau of Prisons — Seal of the Bureau of Prisons Agency overview …
74Tax ladder — is a term sometimes used to refer to the formula for calculating a taxpayer s tax liability in a given year for United States federal personal income tax purposes. The term ladder is used because as your taxable income increases, you climb the… …
75Federal Insurance Contributions Act — (FICA) USA A federal law that imposes taxes on both employers and employees (26 U.S.C. §§ 3101 3128). Taxes paid under FICA include the Old age, Survivors and Disability Insurance (OASDI) tax, used to fund Social Security benefits, and the… …
76federal excise tax — UK US noun [C or U] GOVERNMENT, TAX ► a tax paid to the US government by manufacturers and distributors of goods such as fuel and tobacco: »Members of Congress are exploring a reduction in federal excise tax rates on gasoline and diesel fuel …
77tax sale — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax sale …
78Tax-free shopping — refers to the opportunity for customers to purchase goods or services without paying any tax normally collected at retail, such as sales tax, Goods and Services Tax, value added tax, or consumption tax.Tax free shopping in the United StatesTax… …
79tax exemption — tax exempt tax exempt 2 adjective TAX 1. tax exempt investments, savings, income etc are not taxed: • a tax exempt savings account • issuers of tax exempt bonds 2. an organization that is tax exempt does not have to pay ta …
80federal taxable income — UK US noun [U] GOVERNMENT, TAX ► the amount of money that you earn when this is used as the basis for calculating how much tax you pay to the US government: »Colorado has a 4.75 percent flat tax that is based on federal taxable income …
