Tag: states
General Agreement On Tariffs And Trade
DefinitionGeneral Agreement on Tariffs and Trade was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or...
Gen-Saki
What is 'Gen-Saki' A secondary market in Japan, also known as a repo market for its similarity to repurchase agreements. It is...
Glass-Steagall Act
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...
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 Equity And Fiscal Responsibility Act Of 1982 (TEFRA)
What is 'Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA' Federal tax legislation passed in 1982 that modified some aspects...
Tax Court
What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the...
Recession
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...
Take-Home Pay
What is a 'Take-Home Pay' Take-home pay is the money that an employee actually receives from working after employment taxes and the...
Tax Drag
What is 'Tax Drag' The reduction of potential income due to taxes. Drag describes the loss in returns owing to taxation, usually...
Tax Benefit
What is a 'Tax Benefit' A tax benefit is an allowable deduction on a tax return intended to reduce a taxpayer's burden...