income tax on individuals
71Tax evasion investigations — Under federal law, tax evasion, or tax fraud, is the purposeful illegal attempt of a taxpayer to evade payment of a tax imposed by the federal government. Conviction of tax evasion may result in fines and imprisonment. [26 U.S.C. § 7201.] The… …
72tax — n. & v. n. 1 a contribution to State revenue compulsorily levied on individuals, property, or businesses (often foll. by on: a tax on luxury goods). 2 (usu. foll. by on, upon) a strain or heavy demand; an oppressive or burdensome obligation. v.tr …
73tax system — Spain s tax system is, from 1998, in the process of being reformed. The number of income tax brackets was reduced from eighteen in 1996 to ten in 1997, and a further reduction to six was proposed in 1998. Prior to these reforms, rates ranged… …
74Tax Return — 1. The tax form or forms used to file income taxes with the Internal Revenue Service (IRS). Tax returns often are set up in a worksheet format, where the income figures used to calculate the tax liability are written into the documents themselves …
75Income in the United Kingdom — The United Kingdom is a wealthy country in world terms, with virtually no people living on less than US $2 a day. There were over 425,000 net worth Sterling Millionaires in Britain in 2005 ( [http://www.telegraph.co.uk/news/main.jhtml?xml=/news/20… …
76Income — This article is about theoretical attempts to define income. For its definition in United States law, see Income (United States legal definitions). Income is the consumption and savings opportunity gained by an entity within a specified time… …
77Tax lien — A tax lien is a lien imposed on property by law to secure payment of taxes. Tax liens may be imposed for delinquent taxes owed on real property or personal property, or as a result of failure to pay income taxes or other taxes.Tax liens in… …
78Tax Code — A federal government document, numbering tens of thousands of pages that details the rules individuals and businesses must follow, in remitting a percentage of their incomes to the federal government. The tax code is used as a source by tax… …
79Tax Avoidance — The use of legal methods to modify an individual s financial situation in order to lower the amount of income tax owed. This is generally accomplished by claiming the permissible deductions and credits. This practice differs from tax evasion,… …
80tax deduction — lessening the income tax taken from individuals …
