death tax |
see "inheritance tax." |
direct tax |
a tax collected by the government directly from the person who must pay it, such as income tax or property tax. |
income tax |
a tax on the income of a person or business. |
indirect tax |
a tax not levied on those who ultimately bear the cost, such as a tax on a manufacturer that is passed on to the consumer through higher prices. |
inheritance tax |
a tax levied on property that is inherited. |
negative income tax |
a proposed governmental subsidy system in which people having an income below a specified level would receive money directly from the government. |
nuisance tax |
a tax that is considered to be a nuisance because it is levied on small, separate purchases and paid by the consumer. |
poll tax |
a tax levied on a person, rather than a piece of property, as a prerequisite for voting. |
sales tax |
a tax on retail sales, usu. set at a fixed percentage of the sale price and paid by the consumer. |
single tax |
a tax, as on real estate, that provides the entire revenue of a tax-levying entity. |
tax duplicate |
a document given to tax authorities that certifies the value of real-estate holdings. |
tax rate |
the percentage of income, property value, or the like that is to be paid as tax. |
tax return |
an official form used to report one's income to the government for a particular tax period and to calculate any tax that may still be due; tax return. |
tax shelter |
a financial investment or operation that legally defers income, increases expenses, or depreciates allowances for the purpose of reducing taxable income. |
tax stamp |
a seal, mark, or the like indicating that a tax has been paid. |
tax title |
a title acquired by the buyer of property that is sold because of nonpayment of taxes. |
tax-deductible |
excluded when calculating tax on income. |
tax-exempt |
not subject to taxation. |
tax-free |
having no tax; tax-exempt. |
value-added tax |
a sales tax paid on the value added to products and services at each stage of manufacturing and distribution. |