income tax on individuals
81Income redistribution — refers to a political policy intended to even the amount of income individuals are permitted to earn.Fact|date=July 2007The basic premise of the redistribution of income is that money should be distributed to benefit the poorer members of society …
82Income in the United States — is measured by the United States Department of Commerce either by household or individual. The differences between household and personal income is considerable since 42% of households, the majority of those in the top two quintiles with incomes… …
83Alternative Minimum Tax — ( AMT) A federal tax aimed at ensuring that wealthy individuals, estates, trusts, and corporations pay a minimal level income tax. For individuals, the AMT is calculated by adding adjusted gross income to tax preference items. Bloomberg Financial …
84Income inequality metrics — The concept of inequality is distinct from that of poverty[1] and fairness. Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income, and economic inequality among the… …
85Federal Tax Brackets — Income tax groupings specified by the Internal Revenue Service (IRS) that determine at what rate an individual, trust, or corporation s annual income will be subject to federal income tax. Federal tax brackets are adjusted periodically to account …
86Tax-Free Savings Account — The Tax Free Savings Account or TFSA was introduced by Jim Flaherty, Canadian federal Minister of Finance, in Budget 2008. It was a significant measure in the budget and will be coming into effect on January 1st, 2009. [“Get ready for new Tax… …
87income distribution — There are two types functional and size. The functional distribution of national income shows how the total is made up of income from land, labour, and capital, or the contribution of each factor of production to the national income. In this… …
88tax return — The form on which an individual, corporation or other entity reports income, deductions, and exemptions and calculates their tax liability. A tax return is generally for a one year period, however, in some cases, the period may be less than a… …
89Tax benefits of debt — In the context of corporate finance, the Tax Benefits of Debt or Tax Advantage of Debt refers to the fact that from a tax perspective it is cheaper for firms and investors to finance with debt than with equity. Under a majority of taxation… …
90Tax Shield — A reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations, amortization and depreciation. These deductions reduce taxpayers… …
