tax on gross revenue
91Job-seeking expense tax deductions — Generally, expenses related to the carrying on of a business or trade are deductible from a U.S. taxpayer s adjusted gross income. [Internal Revenue Code § 162(a)] For many taxpayers, this means that expenses related to seeking new employment,… …
92Flat tax — A flat tax (short for flat rate tax) is a tax system with a constant tax rate. [James, Simon (1998) A Dictionary of Taxation , Edgar Elgar Publishing Limited: Northampton, MA] Usually the term flat tax would refer to household income (and… …
93Progressive tax — A progressive tax is a tax imposed so that the tax rate increases as the amount subject to taxation increases. [ [http://www.merriam webster.com/dictionary/Progressive Webster] (4b): increasing in rate as the base increases (a progressive tax)] [ …
94Capital gains tax — A capital gains tax (abbreviated: CGT) is a tax charged on capital gains, the profit realized on the sale of a non inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds,… …
95State income tax — is an income tax in the United States that is levied by each individual state. Seven states choose to impose no income tax. These states are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Additionally, New Hampshire and… …
96Earned income tax credit — The United States federal Earned Income Tax Credit (EITC or EIC) is a refundable tax credit. For tax year 2007, a claimant with one qualifying child can receive a maximum credit of $2,853. For two or more qualifying children, the maximum credit… …
97estate tax — a tax imposed on a decedent s property, assessed on the gross estate prior to distribution to the heirs. Also called death tax. [1905 10] * * * Levy on the value of property changing hands at the death of the owner, fixed mainly by reference to… …
98Federal Unemployment Tax Act — The Federal Unemployment Tax Act (or FUTA, usc title chap|26|23) is a United States federal law that imposes a federal employer tax used to fund state workforce agencies. Employers report this tax by filing an annual Form 940 with the Internal… …
99Electronic tax filing — E Filing in US= Electronic tax filing (or e filing) is a process where tax documents are submitted to the Internal Revenue Service through the internet or direct connection, usually without the need to submit any paper documents. Tax preparation… …
100Ad valorem tax — An ad valorem tax (Latin: according to value ) is a tax based on the value of real estate or personal property.An ad valorem tax is typically imposed at the time of a transaction (a sales tax or value added tax (VAT)), but it may be imposed on an …
