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Individual Retirement Account

(Encyclopedia) Individual Retirement Account (IRA), tax-sheltered retirement plan, originally created (1974) to assist individuals not covered by company pensions. Under the U.S. tax law of 1981, IRA…

corporation tax

(Encyclopedia) corporation tax, imposts levied by federal, state, or local governments against corporations, their income, or their peculiar attributes, such as charters, capitalization, dividends,…

The Supreme Court: Taxing the Populace

Taxing the Populace The Supreme Court Taxing the Populace Taxes on Employee's Tip Income Gambling Taxes Collected at Native American Reservations Sales Taxes on Mail Orders As we discussed in…

Income Tax by Country, 2004

Country Single person without children One-earner family with two children Australia 24.3% 24.3% Austria 10.8 8.1 Belgium 26.6 15.2 Canada 17.8 13.…

value-added tax

(Encyclopedia) value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each…

tax shelter

(Encyclopedia) tax shelter: see tax exemption.

estate tax

(Encyclopedia) estate tax: see inheritance tax.

supply-side economics

(Encyclopedia) supply-side economics, economic theory that concentrates on influencing the supply of labor and goods as a path to economic health, rather than approaching the issue through such…

The Supreme Court: Deciding Property Rights

Deciding Property RightsThe Supreme CourtDeciding Property RightsProtecting Land and HomeSaving WetlandsProtecting Patents, Copyrights and TrademarksTrademark for Sex Shop Your home is your…