Legal Dictionary

Search results for: “tax code”

  • Tax Code

    Tax Code

  • Taxable Income

    All income classified as earned income within the meaning of Section 911 of the Internal Revenue Code of 1954 (26 U.S.C.S. §911) is taxable. Income is the excess of incoming receipts over outgoing expenditures. See United States v Basye, 410 U.S. 441, 93 S. Ct. 1080.

  • Accumulated Earnings Tax

    Meaning of Accumulated Earnings Tax in the United States Tax SystemAccumulated Earnings Profits Tax It was a 39-6% penalty surcharge on earnings retained in a corporation to avoid the higher personal income taxes to which it would be subject if these earnings were paid out as divid…

  • Accumulated Taxable Income

    Meaning of Accumulated Taxable Income in the United States Tax SystemAccumulated Taxable Income may be defined, in an american taxation meaning, as the amount by which the accumulated earnings tax rate is multiplied to arrive at the accumulated earnings tax. The amount equals taxable income…

  • Accumulated Taxable Income

    Meaning of Accumulated Taxable Income in the United States Tax SystemAccumulated Taxable Income may be defined, in an american taxation meaning, as the amount by which the accumulated earnings tax rate is multiplied to arrive at the accumulated earnings tax. The amount equals taxable income…

  • Ad valorem tax

    Meaning of Ad Valorem Tax in the United States Tax SystemU.S. and other Developed Countries International Tax MeaningIt is a tax on goods or property imposesd in some countries, like the United States, and expressed as a percentage of the sales price or assessed value of the item.<…

  • Ad valorem tax

    Meaning of Ad Valorem Tax in the United States Tax SystemU.S. and other Developed Countries International Tax MeaningIt is a tax on goods or property imposesd in some countries, like the United States, and expressed as a percentage of the sales price or assessed value of the item.<…

  • Internal Revenue Code

    Internal Revenue Code…

  • Internal Revenue Code

    Internal Revenue Code…

  • Codex

    (Lat.) A volume or roll. The Code of Justinian. …

  • Uniform Commercial Code

    United States Tax Concept of Uniform Commercial Code (UCC) A comprehensive set of business laws adopted by nearly all the states. The UCC makes the rules of commercial transactions universal.

  • Tax Credit

    Tax Credit

    Tax credit in Law EnforcementMain Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of tax credit.ResourcesSee AlsoLaw Enforcement Officer Police Law Enforcement Agency Further Reading tax credit in A Dictionary of […]

  • Added value tax

    Meaning of Added-value Tax in the United States Tax SystemSee value-added tax.Popular U.S. Tax WordsFederal Income Tax Law Tax Code <a href=…

  • Accumulated profits tax

    A way of referring to those provisions of [the] Internal Revenue Code designed to penalize corporations which accumulate earnings beyond the needs of the business so as to avoid distributions to shareholders, who would thereupon be taxed on what they had received. It is a particular temptation […]

  • Unannotated Code

    A version of a code that contains the text of the law, but does not reference law review articles, case summaries, or other relevant statutes or regulations….