Tag: individual
Qualified Savings Bond
What are Qualified Savings Bonds
Qualified savings bonds are a type of investment that can offer certain tax advantages for taxpayers who meet the eligibility...
Fail
What is 'Fail' In common trading terms, if a seller does not deliver securities or a buyer does not pay owed funds...
Wage Earner Plan (Chapter 13 Bankruptcy)
What is the Wage Earner Plan (Chapter 13 Bankruptcy)?
The Wage Earner Plan, also known as Chapter 13 bankruptcy, is a repayment plan for individuals...
General Business Tax Credit
What is 'General Business Tax Credit' The total value of all the individual credits to be applied against income on a tax...
Tax Bracket
DefinitionTax brackets are the divisions at which tax rates change in a progressive tax system. Essentially, they are the cutoff values for taxable income...
Tax Base
What is a tax base and why is it important
A tax base is the total value of all taxable property in a jurisdiction. This...
Tax Credit
DefinitionA tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total...
Tax Cheat
What is a tax cheat and why do they do it
A tax cheat is someone who doesn't pay their taxes, or who pays less...
Defined-Contribution Plan
DefinitionA defined contribution plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. Individual...
Daniel L. McFadden
DefinitionDaniel Little McFadden is an American econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman. McFadden's share of the...