Tax Definition–noun | 1. | a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. | | 2. | a burdensome charge, obligation, duty, or demand. | –verb (used with object) | 3. | (of a government) | a. | to demand a tax from (a person, business, etc.). | | b. | to demand a tax in consideration of the possession or occurrence of (income, goods, sales, etc.), usually in proportion to the value of money involved. | | | 4. | to lay a burden on; make serious demands on: to tax one's resources. | | 5. | to take to task; censure; reprove; accuse: to tax one with laziness. | | 6. | Informal. to charge: What did he tax you for that? | | 7. | Archaic. to estimate or determine the amount or value of.<
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/td> | –verb (used without object) | 8.<
3e8
/td> | to levy taxes. | |
From Dictionary
Deduction Definition–noun | 1. | the act or process of deducting; subtraction. | | 2. | something that is or may be deducted: She took deductions for a home office and other business expenses from her taxes. | | 3. | the act or process of deducing. | | 4. | something that is deduced: His astute deduction was worthy of Sherlock Holmes. | | 5. | Logic. | a. | a process of reasoning in which a conclusion follows necessarily from the premises presented, so that the conclusion cannot be false if the premises are true. | | b. | a conclusion reached by this process. Compare induction (def. 4). | | |
From Dictionary
Related topics from Britannicaincome tax
Practice with respect to personal deductions also varies widely. In the United States, for example, such deductions include interest paid on home mortgage debt (but not other personal debt), ...
income tax
Preferential treatment can be extended to selected private activities in either of two ways: tax revenues can be collected and then spent to support the activities as part of the normal budget ...
income tax
A corollary of the proposition that taxes should weigh similarly on persons similarly situated is the notion that when persons are not similarly situated their tax liabilities should differ. To ...
taxation
Taxes can be distinguished by the effect they have on the distribution of income and wealth. A proportional tax is one that imposes the same relative burden on all taxpayers-i.e., where tax liability ...
United States
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Financial Support for the Elderly
Governments were faced with a difficult choice in ensuring that future pensions were adequate. In many countries governments were reluctant for political reasons to abandon what was seen as their ...
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Social Protection
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Related topics from Ask NewsMileBug LITE for iPhone/iPod Touch released
MacMegasite - News for Mac Geeks - Found 9 hours ago
LITE helps those driving their own vehicles for business, charity, medical, or other reasons receive their reimbursement and/or tax deduction.
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CII moots 200% weighted deduction on research fund for SMEs
Hindu Business Line - Found Oct. 23, 2008
Private sector can contribute voluntarily and get 200 per cent weighted tax deduction on contribution, the CIIs pre-Budget memorandum on...
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iPhone apps: MileBug, Handshake, Chess Pro
MacNN | The Macintosh News Network - Found Oct. 22, 2008
... vehicles for business, charity, medical or other reasons track miles travelled in order to receive their reimbursement and/or tax deduction.
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Home Business Tax Benefits Posted By : Al Freeman-11371
Article Dashboard.com - Found Oct. 18, 2008
... several tax advantages you will enjoy. The first thing you will be able to take advantage of is the home office deduction. What this deduction...
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Penn West Energy Trust confirms its October cash distribution
NC 529 Plan Urges Account Holders to Send in Contributions Early in ...
Measure 59
BlueOregon - Found Oct. 15, 2008
Title : Creates an unlimited deduction for federal income taxes on individual taxpayers' Oregon income-tax returns Sponsor : Bill Sizemore, Russ
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Boat owners warned to look out for tax traps
Smart Company - Found Oct. 14, 2008
Sea-lovers seeking to make some money by renting out their boats may no longer be able to claim their vessel as a tax deduction.
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Javier bill curbs tax deductions
Manilla Standard - Found Oct. 13, 2008
According to Javier, his proposal will save the government about P11 billion in revenues forgone each year with the tax deduction scheme.
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Maybe You Can Take that Home Office Deduction After All
Small Business Trends - Found Oct. 12, 2008
Here in the United States you can get a Federal income tax deduction for having a home office.
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