tax deductions
91amended tax return — A tax return filed by an individual or entity to correct an error made on a previously filed return or to get a refund of taxes paid. Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances Category: Business Cash… …
92marginal tax rate — The percentage rate at which an individual s or business s next dollar of income is taxed. Compare: tax bracket Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances Category: Business Cash Flow Problems &… …
93abusive tax shelter — In the USA, a limited partnership that the Internal Revenue Service (IRS) considers is claiming illegal tax deductions, often by increasing the value of purchased property as a basis for inflated depreciation write offs. The IRS is taking steps… …
94abusive tax shelter — A limited partnership that the IRS judges to be claiming tax deductions illegally. Bloomberg Financial Dictionary …
95State Income Tax — Tax levied on income at the state level. State income taxes have their own set of deductions and credits that may be awarded for certain activities, such as contributing to a state sponsored 529 plan. Taxpayers who itemized deductions on their… …
96progressive tax — Tax levied at a rate that increases as the quantity subject to taxation increases. Designed to collect a greater proportion of tax revenue from wealthy people, progressive taxes reflect the view that those who are able to pay more should carry a… …
97holding company tax — Tax on undistributed personal holding company income after allowable deductions for dividends paid, etc. I.R.C. No. 545 …
98holding company tax — Tax on undistributed personal holding company income after allowable deductions for dividends paid, etc. I.R.C. No. 545 …
99Alternative Minimum Tax — (AMT) is part of the Federal income tax system of the United States. There is an AMT for those who owe personal income tax, and another for corporations owing corporate income tax. Only the AMT for those owing personal income tax is described… …
100Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… …
