Proportional Tax
What is proportional tax
A proportional tax is a tax that takes the same percentage of income from all taxpayers. For example, if the tax...
Golden Parachute
What is a golden parachute
A golden parachute is a severance package typically offered to high-ranking executives who are fired or forced to resign from...
Form 1310
What is Form 1310 and what is it used for
The IRS Form 1310, also known as the Statement of Person Claiming Refund Due a...
Writ of Execution
What is a Writ of Execution
A writ of execution is a legal document that orders the seizure of a debtor's property in order to...
Acceleration Clause
What is an acceleration clause
An acceleration clause is a contract provision that gives one party the right to speed up the performance of its...
Store of Value
What is a store of value
A store of value is any asset that can be saved, retrieved and exchanged at a later time for...
Normal Good Definition
What is normal good and how is it different from other types of goods
Normal goods are a type of consumer good for which an...
Path Act: Protecting Americans from Tax Hikes Act
What is Path Act
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) was enacted on December 18, 2015, and made a number...
Physical Capital
What is physical capital and what are its components
Physical capital refers to the physical objects that a company uses to produce its goods or...
Trimmed Mean
What is a trimmed mean and why would you use it instead of the regular mean
A trimmed mean is a method of averaging that...