Tag: taxation
David Ricardo
DefinitionDavid Ricardo was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James...
Deadweight Loss Of Taxation
DefinitionIn economics, the excess burden of taxation, also known as the deadweight cost or deadweight loss of taxation, is one of the economic losses...
Deadweight Loss
DefinitionA deadweight loss, also known as excess burden or allocative inefficiency, is a loss of economic efficiency that can occur when equilibrium for a...
Tax Deduction
What is a tax deduction and how does it work
A tax deduction is an expense that can be subtracted from your taxable income. This...
Underpayment Penalty
What is an underpayment penalty
An underpayment penalty is a fee charged by the IRS for taxpayers who do not pay enough tax throughout the...
Heavy
What is 'Heavy' A market that is demonstrating difficulty in advancing and is displaying a tendency to decline. A heavy market may...
Land Value Tax (LVT)
What is 'Land Value Tax - LVT' A tax on the value of a piece of land. Land value tax inherently makes...
Land Value
What is 'Land Value' Land value is the value of a piece of property, including both the value of the land itself...
W-8 Form
What is a 'W-8 Form'
A W-8 form is an Internal Revenue Service (IRS) form that provides foreigners with an exemption from specified U.S. information...
Rabbi Trust
What is 'Rabbi Trust'
A rabbi trust is a type of trust that is typically used by employers to hold retirement benefits for their employees....