tax on income

See income tax.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • tax-exempt income — Income that is specifically made exempt from taxation by Congress, such as certain Social Security benefits, tax exempt interest, welfare benefits, nontaxable life insurance proceeds, and nontaxable pension income. Category: Back Taxes & Tax Debt …   Law dictionary

  • tax exempt income — Income exempt from income tax; nontaxable income, such as interest on state and municipal bonds, compensation for injuries or sickness, proceeds of life insurance, etc. Funds accruing as income in the broad sense of the term, but not taxable as… …   Ballentine's law dictionary

  • tax-exempt income — dividends and interest not subject to federal and, in some cases, state and local income taxes. Bloomberg Financial Dictionary * * * tax exempt income tax exempt income ➔ income * * * tax exempt income UK US noun [C or U] (also tax free income)… …   Financial and business terms

  • tax-free income — See tax exempt income …   Ballentine's law dictionary

  • tax-deferred income — dividends, interest, and unrealized capital gains on investments in an account such as a qualified retirement plan, where income is not subject to taxation until a withdrawal is made. Bloomberg Financial Dictionary …   Financial and business terms

  • tax-exempt income fund — A mutual fund that seeks income that is exempt from federal and, in some cases, state and local income taxes. Bloomberg Financial Dictionary …   Financial and business terms

  • After Tax Operating Income - ATOI — A company s total operating income after taxes. This non GAAP measure excludes any after tax benefits or charges such as effects from accounting changes. Due to its non GAAP nature, what is included and excluded in the measure differs, therefore …   Investment dictionary

  • high withholding tax interest income — Interest income that is subject to a foreign gross withholding tax of 5% or more. Specified in US tax code. Bloomberg Financial Dictionary …   Financial and business terms

  • state tax-exempt income fund — A mutual fund that seeks current income exempt from federal and a specific state s income taxes. Bloomberg Financial Dictionary …   Financial and business terms

  • Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… …   Wikipedia

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