Search results for: “tax system”
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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…
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Accelerated Cost Recovery System
Meaning of Accelerated Cost Recovery System in the United States Tax System This method of depreciation was first introduced by the Economic Recovery Tax Act of 1981 and modified by the Tax Reform Act of 1984. Other enactments were issued later. The Accelerated Cost Recovery System (ACRS) ru…
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Accelerated Cost Recovery System
Meaning of Accelerated Cost Recovery System in the United States Tax System This method of depreciation was first introduced by the Economic Recovery Tax Act of 1981 and modified by the Tax Reform Act of 1984. Other enactments were issued later. The Accelerated Cost Recovery System (ACRS) ru…
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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…
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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…
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Development Land Tax
English Legal System: Development Land TaxIn the context of the English law, A Dictionary of Law provides the following legal concept of Development Land Tax : A tax charged on the development value of land when the land was disposed of before 19 March 1985. It was abolished for all disposals […]
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Council Tax
English Legal System: Council TaxIn the context of the English law, A Dictionary of Law provides the following legal concept of Council Tax : A form of local tax levied on all private households (with some exceptions) to contribute to the cost of local government. It was introduced by the Local […]
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Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate monetary policy in the U.S. as well as to supervise Federal Reserve member banks, bank holding […]
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Poll Tax
A tax upon every poll or head, that is to say, upon every person…
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Capital Transfer Tax
English Legal System: Capital Transfer TaxIn the context of the English law, A Dictionary of Law provides the following legal concept of Capital Transfer Tax : CTT (capital transfer tax, CTT) A tax formerly levied on property passing on death and on transfers of wealth during a person’s […]