individual tax rate
111Low-Income Housing Tax Credit — The Low Income Housing Tax Credit (LIHTC; often pronounced lye tech ) is a tax credit created under the Tax Reform Act of 1986 (TRA86) that gives incentives for the utilization of private equity in the development of affordable housing aimed at… …
112Filing Status (federal income tax) — Filing Status is an important factor when computing taxable income under the Federal Income tax in the United States. Your federal tax filing status defines the type of tax return form an individual will use. [… …
113Saver's Tax Credit — A non refundable tax credit available to lower income individuals and households that contribute to qualified retirement savings plans. This includes employer sponsored plans such as 401(k), SIMPLE and SEP plans, or the governmental 457 plan,… …
114flat-rate — ˈflat rate adjective 1. flat rate charge/fee/pricing etc COMMERCE a flat rate charge etc is always the same and does not change depending on the time spent doing something, the results that are produced etc: • Some agents charge a flat rate fee …
115nil rate band — inheritance tax nil rate band England, Wales The amount of an individual s estate which is chargeable to inheritance tax (IHT) at 0% (that is, on which there is no IHT to pay). If the value of an estate (including any chargeable transfers of… …
116Church tax — A church tax is a tax imposed on members of some religious congregations in Austria, Denmark, Finland, Germany, Iceland, Italy, Sweden, some parts of Switzerland and several other countries. Contents 1 Germany 2 Denmark …
117Inheritance tax — An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of a person who has died.[1] In international tax law, there is a distinction between an… …
118inheritance tax — a tax levied on the right of an heir to receive a decedent s property, the rate being a percentage of the value of the property. Also called death tax; Brit., death duty. Cf. estate tax. [1835 45] * * * Levy on the property accruing to each… …
119capital gains tax — The tax levied on profits from the sale of capital assets. A long term capital gain, which is achieved once an asset is held for at least 12 months, is taxed at a maximum rate of 20% (taxpayers in 28% tax bracket) and 10% (taxpayers in 15% tax… …
120Economic Recovery Tax Act of 1981 — The Economic Recovery Tax Act of 1981 (also known as ERTA or the Kemp Roth Tax Cut) was A bill to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable …
