TaxEDU Glossary

Understand the terms of the tax debate with our comprehensive tax glossary, including over 100 tax terms and concepts.

Featured Terms

Biden tax compliance plan to improve IRS funding and tax enforcement to improve tax collection

Glossary

Internal Revenue Service (IRS)

Inflation tax basics inflation definition inflation definition what is inflation what causes inflation tax code US taxes inflation time value of money money and stocks, Capital Gains Indexing for Inflation

Glossary

Inflation

sales tax holidays

Glossary

Sales Tax

Related Terms

Refine Results

115 Results

What is adjusted gross income (AGI)? Money, The OECD countries rely heavily on consumption taxes, 2014 OECD

Glossary

Adjusted Gross Income (AGI)

Senator Wyden capital gains tax, unrealized capital gains tax, mark-to-market capital gains tax proposal after-tax income

Glossary

After-Tax Income

Alternative Minimum Tax AMT tax

Glossary

Alternative Minimum Tax (AMT)

intellectual property IP tax GILTI FDII global minimum tax Biden tax patent boxes impact business, patent boxes, software, intellectual property tax

Glossary

Apportionment

irs tax audit definition irs audit Biden increase tax compliance costs and tax enforcement tax gap discussion IRS commissioner

Glossary

Audit

average tax rate US progressive tax system, federal income tax data 2020

Glossary

Average Tax Rate

Percentage of total personal consumption expenditures, base broadening the sales tax base

Glossary

Base Broadening

Base Erosion and Anti-Abuse Tax (BEAT) oecd public consultation, oecd tax competition, scott hodge, daniel bunn

Glossary

Base Erosion and Anti-Abuse Tax (BEAT)

state and local corporation tax burden property tax base and sales tax Sen. Pat Toomey Introduces Bill to Make Full Expensing Permanent

Glossary

Bonus Depreciation

Federal deductibility SBA Paycheck Protection Program (PPP) in the CARES Act. Small Business Administration Paycheck Protection Program (PPP) in the CARES Act

Glossary

Book Income

2021 filing season coronavirus relief legislation Earned Income Tax Credit reforms, EITC reforms, EITC reform, Earned Income Tax Credit Reform, improper payments, improper payments, taxpayer advocate

Glossary

Bracket Creep

What is a C corporation? Otherwise known as a c corp

Glossary

C Corporation (C corp)

cadillac tax, patient protection and affordable care act, health insurance, healthcare

Glossary

Cadillac Tax

The Effect of Capital Allowances on Taxes Paid Capital allowances and capital cost recovery oecd comparision depreciation tax corporate income tax policy

Glossary

Capital Allowance

Capital gains realization rise when maximum tax rate on long-term gains falls capital gains tax definition

Glossary

Capital Gains Tax

State capital stock taxes 2023 state franchise taxes franchise tax or stock taxes

Glossary

Capital Stock Tax (Franchise Tax)

Carbon tax revenue recycling for border-adjusted carbon tax border adjustments Taxing Big Oil Profiteers Act Wyden excess profits tax oil and gas companies Carbon Tax definition, Carbon Emissions, CO2 Emissions, Global Temperatures, Climate Change, AOC, Ocasio-Cortez, Green New Deal, energy, environomental, payroll tax cut

Glossary

Carbon Tax

What is the Child Tax Credit?

Glossary

Child Tax Credit (CTC)

Inflation Reduction Act book minimum tax Inflation Reduction Act accelerated depreciation change in corporate tax liablities, book tax, or corporate minimum tax congressional budget office cbo Eliminating the alternative minimum tax eliminating the AMT inflation indexing, inflation adjusting state tax codes, traditional CPI, index brackets for inflation, index for inflation

Glossary

Congressional Budget Office (CBO)

2024 VAT rates in Europe, including value-added tax or 2024 EU VAT rates data

Glossary

Consumption Tax

corporate tax rates have declined but leveled off in in recent years 2023 2024

Glossary

Corporate Income Tax

Capital cost recovery and capital allowances in the OECD 2023 , full expensing, full immediate expensing

Glossary

Cost Recovery

depreciation Capital allowances and capital cost recovery across OECD countries, 2021. Learn more about capital allowance and capital recovery.

Glossary

Depreciation

2021 filing season coronavirus relief legislation Earned Income Tax Credit reforms, EITC reforms, EITC reform, Earned Income Tax Credit Reform, improper payments, improper payments, taxpayer advocate

Glossary

Direct Tax

distributed profits tax cash-flow tax model for business taxes stock buybacks dividends

Glossary

Distributed Profits Tax

The Capital Gains Tax is a Double Tax

Glossary

Double Taxation

Corporate tax cuts effects and corporate tax cuts impact on economy versus short term stimulus

Glossary

Dynamic Scoring

Glossary

Earned Income Tax Credit (EITC)

Carbon tax, carbon tax bills, carbon emissions, fossil fuels, climate change

Glossary

Europe

Emissions Trading System (ETS)

Estate tax, federal estate tax State estate tax, State inheritance tax, Does your state have an estate tax or inheritance tax? Explore 2023 state estate taxes and 2023 state inheritance taxes

Glossary

Estate Tax

excise tax definition suspending the gas tax proposal Kentucky's gas tax road funding, Kentucky gas tax bill

Glossary

Excise Tax

externality definition externality economics negative externalities like social costs Alcohol while how is a topic for Excise Tax Reforms federal gas tax holiday proposal for suspending the gas tax federal gas tax suspension gas tax holiday highway trust fund infrastructure funding

Glossary

Externality

mark-to-market definition MTM tax New York Stock Exchange (NYSE) threatens to relocate servers over New Jersey financial transaction tax. Learn more about NJ financial transaction tax proposal.increasing taxes on capital gains, increasing capital gains taxes, increasing capital gains tax

Glossary

Financial Transaction Tax (FTT)

FairTax consumption taxes versus income taxes taxing criminals economics lesson plan flat tax definition flat income tax system Biden minimum tax, Biden corporate tax rate increase Biden corporate income tax, Biden book minimum tax Build Back Better reconciliation tax plan

Glossary

Flat Tax

global tax agreement global tax deal OECD global minimum tax rules corporate minimum tax rules Secretariat Proposal, OECD Public Consultation Document, Unified Approach under pillar one profit shifting definition tax planning and avoidance foreign direct investment FDI global tax deal impact of global tax agreement OECD international tax proposal

Glossary

Foreign Direct Investment (FDI)

controlled foreign corporation rules Foreign-Derived Intangible Income FDII deduction FDII tax

Glossary

Foreign-Derived Intangible Income (FDII)

Understanding Why Full Expensing Matters, Full expensing is also known as accelerated depreciation of capital investments, Learn more about accelerated cost recovery of investments.

Glossary

Full Expensing

gas tax definition windfall profits tax oil and gas profits oil company profits windfall tax

Glossary

Gas Tax

gift tax definition gift taxes credit union exemption, credit union tax exemption

Glossary

Gift Tax

Carbon Border Adjustment Mechanism EU CBAM carbon price carbon tariffs US global minimum tax US tax incentives Build Back Better tax rate on gilti Global Intangible Low Tax Income (GILTI) Global intangible low-taxed income US cross-border tax reform and GILTI Global Intangible Low Tax Income. Foreign tax credits

Glossary

Global Intangible Low-Taxed Income (GILTI)

Gross income definition or gross pay definition TaxEDU Labor Share of Net Income is Within Its Historical Range President Biden Made in America Tax Plan and American Jobs Plan

Glossary

Graduated Rate Income Tax

Gross income definition or gross pay definition Summary of the Latest Federal Income Tax Data, 2024 Update

Glossary

Gross Income

Gross Receipts Tax Gross receipts taxes, turnover tax, gross receipts tax

Glossary

Gross Receipts Tax

Washington State capital gains tax Washington capital gains tax proposal head tax Washington state ballot measures, 2019 Washington state tax voting issues, Washington state tax ballot measures november election 2019

Glossary

Head Tax

Indirect tax definition corporate income tax base corporate tax base how neutral cost recovery works, factory, business equipment depreciation schedules

Glossary

Indirect Tax

Summary of the latest federal income tax data, 2022 update 2022 federal income tax data Top 1% tax, top 1 percent tax rate, who pays income taxes? Who pays what in taxes? Average federal income tax rate, 1 percent of taxpayers, distribution of taxes, tax the rich, taxes on the rich, taxes on the wealthy, Do the rich really pay lower taxes than you? Income tax analysis. Higher tax rate than you? Lower tax rate than you?

Glossary

Individual Income Tax

Inflation tax basics inflation definition inflation definition what is inflation what causes inflation tax code US taxes inflation time value of money money and stocks, Capital Gains Indexing for Inflation

Glossary

Inflation

2022 state individual income tax rates and brackets 2022 state income tax rates, state income taxes Biden fiscal policy, Biden federal taxes, Biden income taxes, Progressive federal fiscal policy and progressive federal income tax policy, 2021 federal income tax data, 2021 income taxes and income taxes paid. Latest federal income tax data. Progressive federal income tax 2021. What does it mean that the federal income tax is a progressive tax?

Glossary

Inflation Indexing

trade war tariffs agriculture impact farmers Biden small business tax Biden small business taxes farm estate planning

Glossary

Inheritance Tax

Biden tax compliance plan to improve IRS funding and tax enforcement to improve tax collection

Glossary

Internal Revenue Service (IRS)