tax table

tax table
A simplified method of computing income tax available to taxpayers having less than $5000 of adjusted gross income who choose to take the standard deduction. Internal Revenue Code § 3. A table prepared by the Internal Revenue Service or taxing authority wherein the amount of the income tax due on taxable income as reported in a return is calculated for the taxpayer in brackets established according to the nature of the return as joint or single, the number of personal exemptions, the amount of taxable income, etc.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Tax Table — A table or chart displaying the amount of tax due based on income received. The tax rate may be shown as a discrete amount, a percentage rate, or a combination of both. Tax tables are used by individuals, companies and estates for both standard… …   Investment dictionary

  • Tax bracket — Tax brackets are the divisions at which tax rates change in a progressive tax system (or an explicitly regressive tax system, although this is much rarer). Essentially, they are the cutoff values for taxable income mdash; income past a certain… …   Wikipedia

  • table — A compilation of information, particularly scientific information, such as it mortality table, a remarriage table, a table of weights, etc. 29 Am 12d Ev § 889. A piece of household furniture or of furnishing of an office or place of work,… …   Ballentine's law dictionary

  • Tax system in China — Taxes provide the most important revenue source for the Government of the People s Republic of China. As the most important source of fiscal revenue, tax is a key economic player of macro economic regulation, and greatly affects China s economic… …   Wikipedia

  • Tax shift — or Tax swap is a change in taxation that eliminates or reduces one or several taxes and establishes or increases others while keeping the overall revenue the same. [cite web url = http://sustainableprosperity.ca/about/faqs/#eight title = Will… …   Wikipedia

  • Tax rates around the world — Taxation An aspect of fiscal policy …   Wikipedia

  • Tax protester statutory arguments — Part of the Taxation in the United States series Tax protest in the United States …   Wikipedia

  • Tax Justice Network — The Tax Justice Network (TJN) is a coalition of researchers and activists with a shared concern about what they argue are the harmful impacts of tax avoidance, tax competition and tax havens, which corrupt national tax regimes and onshore… …   Wikipedia

  • Tax Equity and Fiscal Responsibility Act of 1982 — The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), a United States federal law, rescinded some of the effects of the Economic Recovery Tax Act (ERTA, colloquially known as the Kemp Roth Tax Cut) passed the year before.The scheduled… …   Wikipedia

  • tax year — A business is given a tax year. These usually end at the end of March, April and May each year. HM Customs & Revenue Glossary The tax year begins on April 6 and ends on April 5 the following year. Financial Services Glossary * * * tax year tax… …   Financial and business terms

Share the article and excerpts

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