Tax Exemption
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Various tax systems grant a tax exemption to certain organizations, persons, income, property or other items taxable under the system. Tax exemption may also refer to a personal allowance or specific monetary exemption which may be claimed by an individual to reduce taxable income under some systems. Tax exempt status may provide a potential taxpayer complete relief from tax, tax at a reduced rate, or tax on only a portion of the items subject to tax. Examples include exemption of charitable organizations from property taxes and income taxes, exemptions provided to veterans, and exemptions under cross-border or multi-jurisdictional principles. Tax exemption generally refers to a statutory exception to a general rule rather than the mere absence of taxation in particular circumstances (i.e., an exclusion). Tax exemption also generally refers to removal from taxation of a particular item or class rather than a reduction of taxable items by way of deduction of other items (i.e., a deduction). Tax exemptions may theoretically be granted at any governmental level that imposes taxation, though in some broader systems restraints are imposed on such exemptions by lower tier governmental units. From Wikipedia under the
GNU Free Documentation License Matching Results for Tax Exemption:tax-exempttax-exempt (not comparable) Describing something that is not taxed. As a religious charity it is tax-exempt, so all money collected goes to its good works. ... tax break A deduction in tax that is given in order to encourage a certain economic ... tax exemption. tax deduction. tax credit. Retrieved from "http://en.wiktionary.org/wiki ... tax-deductible exempt from payment of income tax. Finnish: verovähennyskelpoinen fi(fi), verovähenteinen ... Retrieved from "http://en.wiktionary.org/wiki/tax-deductible" ... From Wiktionary under the
GNU Free Documentation License Matching Results for Tax Exemption:Nick XenophonBetween 1994 and 1997 he served as president of the South Australian branch of ... Do you want Australian tax exemptions to be supporting an organisation that ... Gore Vidal The people don't like their tax exemption. Interview with Paul Jay, The Real News Network ... The tax code brought religion back to this country. People in my ... Thomas Jefferson If I am to meet with a disappointment, the sooner I know it, the more ... Declaration of Independence (1776), a political philosopher, and one of the most ... From Wikiquote under the
GNU Free Documentation License From Google Video Search: "tax exemption" |
Society: Religion and Spirituality: Scientology ... Jan 2, 2007 ... Technology Center, including his involvement in major events affecting Scientology, such as negotiations with the IRS for tax exemption . ... Regional: North America: United States: Oklahoma ... Jun 19, 2008 ... for registration or exemption of securities, business opportunities, ... Oklahoma Tax Commission - Rules and downloadable forms, ... Society: Organizations: Fraternal Jan 22, 2008 ... US Federal Tax Information for Fraternal Societies - From the US Department of the Treasury. Exemption requirements, application, and filing ...
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