general income tax

general income tax
An income tax, which taxes income from all sources, with certain definite exceptions. United States v Safety Car Heating & Lighting Co. 297 US 88, 80 L Ed 500, 56 S Ct 353, reh den 297 US 727, 80 L Ed 1010, 56 S Ct 495.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • Income Tax Assessment Act 1936 — is an act of the Parliament of Australia. It s one of the main statutes under which income tax is calculated. The act is gradually being rewritten into the Income Tax Assessment Act 1997, and new matters are generally now added to the 1997… …   Wikipedia

  • Income tax — Public financeAn income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or… …   Wikipedia

  • Income tax in the Netherlands — In the Netherlands there is an income tax, which since 2001 ( Wet inkomstenbelasting 2001 ) is roughly as follows. The fiscal year is the calendar year. No later than March citizens have to report their income of the previous year. The system… …   Wikipedia

  • income tax — IT A direct tax on an individual s income. In general, individuals can earn income without paying tax up to a threshold, with subsequent income giving rise to tax liabilities, usually at increasing rates as income increases ( progressive… …   Accounting dictionary

  • income tax — IT A direct tax on an individual s income. In general, individuals can earn income without paying tax up to a threshold, with subsequent income giving rise to tax liabilities, usually at increasing rates as income increases (progressive taxation) …   Big dictionary of business and management

  • General Business Tax Credit — The total value of all the individual credits to be applied against income on a tax return. This credit can be carried forward for a number of years in most cases and can also be carried back in some cases. The General Business Tax Credit is… …   Investment dictionary

  • General Business Tax Credits — A collection of tax credits that are grouped together in the General Business Tax Credit Form 3800. Some of the credits available include the alcohol fuels credit, the research and experimentation credit, the enhanced oil recovery credit, the… …   Investment dictionary

  • Negative income tax — Part of a series on Government Public finance …   Wikipedia

  • Local income tax — The Scottish Government plans to bring forward legislation to replace the council tax with a local income tax (LIT), as part of the funding for Scottish local authorities. [ [http://news.scotsman.com/politics.cfm?id=1312852007 Local income tax on …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”