Tax terms

form of consumption tax

thumb|A 1892 beer duty stamp, noting the cost of the duty (one shilling and sixpence), the unit taxed (Firkin (unit)|9 gallons), its target (malt and hops exclusively), and its source (inland revenue).

tax where the tax rate increases as the taxable base amount increases

representation of the relationship between taxation and government revenue

levy on the unimproved value of land

ratio (usually expressed as a percentage) at which a business or person is taxed

tax paid directly to the government by the person on whom it is imposed

minimization of taxes paid, through legal means

tax levied by governments on the sale of goods and services, collected at the point of transaction

revenue service of the United States federal government

monetary exemption from taxes that would otherwise be levied

non-wage compensation provided to employees in addition to normal wages or salaries

A taxpayer is a person or organization (such as a company) subject to pay a tax. Modern taxpayers may have an identification number, a reference number issued by a government to citizens or firms.

the levying of tax by two or more jurisdictions on the same declared income, asset, or financial transaction

profit that results from a sale of a capital asset, such as stock, bond or real estate, where the sale price exceeds the purchase price

income tax paid to the government by the income-payer

amount that one may deduce from taxable revenue

sum of all earnings before taxes

excise or sales tax specifically levied on goods deemed harmful to society and individuals (e.g. drugs, alcohol, tobacco, coffee, sugar, candies, soft drinks, fast food, gambling, pornography)

tax incentive

accounting asset/liability representing future tax due

a payment to the taxpayer when the taxpayer pays more tax than they owe

base upon which an income tax system imposes tax

total or partial exemption from tax

difference between a lower selling price and a higher purchase price, resulting in a financial loss for the seller

higher tax rate on profits that result from a sudden windfall gain

refundable tax credit for low-to-middle class individuals in the U.S.

income gained through ownership of land and other monopoly

filing status for individual United States taxpayers

tax deduction

tax on any profit above a certain amount

sale and repurchase of a security

property of any kind held by an assessee