Regressive Tax

Business / Taxes / Regressive Tax: A regressive or flat income tax system taxes everyone at the same rate, as sales tax does. Advocates say it’s simpler and does away with the kinds of tax breaks that tend to favor the wealthy. Opponents say that middle-income taxpayers carry too large a proportion of the total tax bill.

Other Words for Tax

Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
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Flat Tax

Business / Finance / Flat Tax: The pattern for new issues where shorter- and longer-term yields display very little difference over the bond's maturity range. MORE

Tax Evasion

Business / Finance / Tax Evasion: Legislation to increase tax revenue by eliminating various taxation loopholes and instituting tougher enforcement procedures in collecting taxes. MORE

Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA)

Business / Finance / Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA): The view that shareholders prefer capital gains over dividends, and hence low payout ratios, because capital gains are effectively taxed at lower rates than dividends. MORE

Tax Exempt

Business / Taxes / Tax Exempt: Some investments are tax exempt, which means you don't have to pay income tax on the earnings they produce. For example, the interest you receive on a municipal bond is generally exempt from federal i MORE

Tax Exemption

Business / Accounting / Tax Exemption: An amount that a taxpayer who meets certain criteria can subtract from taxable income. Examples include exemptions for each dependent or for life insurance proceeds. (See Tax Credit, Tax Deduction.) MORE

Tax Free Acquisition

Business / Finance / Tax Free Acquisition: Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters. MORE

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