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38 Results for Tag: taxation

Nanny Tax

DefinitionThe combination of payroll taxes withheld from a household employee and the employment taxes paid by their employer are commonly referred to as the nanny tax. Under current law, an

Ability-To-Pay Taxation

Ability-To-Pay Taxation What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's abil

Sales Tax

DefinitionA sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point

Back Taxes

DefinitionBack taxes is a term for taxes that were not completely paid when due. Typically, these are taxes that are owed from a prior year. Back Taxes What is 'Back Taxes' Taxes that have

Canadian Income Trust

Canadian Income Trust What is 'Canadian Income Trust' A type of corporate structure as designated by the Canada Revenue Agency that operates as a profit-seeking corporation. This type of c

Capital Gains Tax

DefinitionA capital gains tax is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was greater than the amount realized on the sale. The most common capit

Sales Charge

Sales Charge What is a 'Sales Charge' A sales charge is a commission paid by an investor on his or her investment in a mutual fund. The sales charge is paid to a financial intermediary (br

Qualifying Annuity

Qualifying Annuity What is 'Qualifying Annuity' This type of annuity is similar to any other, except that it has been approved by the IRS for use within a Qualfied Retirement Plan or IRA.

Value-Added Tax (VAT)

Value-Added Tax (VAT) What is a 'Value-Added Tax - VAT' A value-added tax (VAT) is a type of consumption tax that is placed on a product whenever value is added at a stage of production an

Generation-Skipping Transfer Tax (GSTT)

Generation-Skipping Transfer Tax (GSTT) What is 'Generation-Skipping Transfer Tax - GSTT' A tax incurred when there is a transfer of property by gift or inheritance to a beneficiary who is
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