tax funds
31Tax-Deferred Savings Plan — A savings plan or account that is registered with the government and provides deferral of tax obligations. Tax deferred savings plans may defer taxable income earned within the account either until withdrawal or until a particular date. They are… …
32tax haven affiliate — A wholly owned entity in a low tax jurisdiction that is used to channel funds to and from a multinational s foreign operations. The tax benefits of tax haven affiliates were largely removed in the US by the Tax Reform Act of 1986. Bloomberg… …
33Tax Refund Anticipation Loan - RAL — A loan provided by a third party against a taxpayer s expected refund. The tax refund anticipation loan is not provided by the U.S. Treasury or the IRS and is subject to the interest and fees set by the lender. These loans are most often offered… …
34Tax-Sheltered Annuity — A type of annuity that allows an employee to make contributions from his or her income into a retirement plan. The contributions are deducted from the employee s income and, as a result, the contributions and related benefits are not taxed until… …
35Tax Differential View Of Dividend Policy — The belief that shareholders prefer equity appreciation to dividends because capital gains are effectively taxed at lower rates than dividends. Corporations that adopt this viewpoint generally have lower targeted payout ratios, or a long term… …
36tax-free — adjective (of goods or funds) not taxed tax exempt bonds an untaxed expense account • Syn: ↑tax exempt, ↑untaxed • Similar to: ↑nontaxable, ↑exempt …
37Tax Anticipation Bill - TAB — Unique bills sold at a discount and maturing within 23 to 273 days that the United States Treasury Department issues to investors. Since 1975, the Treasury has relied on the sale of cash management bills, rather than TABS, to raise money. TABS… …
38Tax Exempt Special Savings Account — ( TESSA) A savings account which generates tax free interest for the investor. The account must be kept open for five years, at which time it must expire. The maximum amount that may be invested in the account is £9,000 in total over the five… …
39tax exempt income — Income exempt from income tax; nontaxable income, such as interest on state and municipal bonds, compensation for injuries or sickness, proceeds of life insurance, etc. Funds accruing as income in the broad sense of the term, but not taxable as… …
40Tax-exempt sector — The municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes. The New York Times Financial Glossary …
