Tag: states

What is 'Gen-Saki' A secondary market in Japan, also known as a repo market for its similarity to repurchase agreements. It is...

DefinitionThe Glass–Steagall legislation describes four provisions of the U.S.A Banking Act of 1933 separating commercial and investment banking. The article 1933 Banking Act describes...

What is 'General Business Tax Credit' The total value of all the individual credits to be applied against income on a tax...

Becoming a general manager is no easy task. It takes years of experience and hard work to even be considered for the job. But...

What is 'Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA' Federal tax legislation passed in 1982 that modified some aspects...

What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the...

What is a recession and how does it affect the average person A recession is a period of economic decline in which trade and investment...

What is a 'Take-Home Pay' Take-home pay is the money that an employee actually receives from working after employment taxes and the...

What is 'Tax Drag' The reduction of potential income due to taxes. Drag describes the loss in returns owing to taxation, usually...

What is a 'Tax Benefit' A tax benefit is an allowable deduction on a tax return intended to reduce a taxpayer's burden...