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

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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

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After-Tax Income

Alternative Minimum Tax AMT tax

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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

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Apportionment

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

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Audit

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

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Average Tax Rate

sales taxes

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Base Broadening

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

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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

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Bonus Depreciation

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

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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

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Bracket Creep

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

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C Corporation (C corp)

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

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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

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Capital Gains Tax

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

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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

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Carbon Tax

Child Tax Credit Definition TaxEDU CTC

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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

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Congressional Budget Office (CBO)

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

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Consumption Tax

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Conventional Scoring

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

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Corporate Income Tax

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

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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

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Direct Tax

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

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Distributed Profits Tax

The Capital Gains Tax is a Double Tax

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Double Taxation

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

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Dynamic Scoring

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Earned Income Tax Credit (EITC)

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

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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

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Estate Tax

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

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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

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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

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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

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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

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Foreign Direct Investment (FDI)

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

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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.

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Full Expensing

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

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Gas Tax

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

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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

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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

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Graduated Rate Income Tax

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

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Gross Income

Sales tax compared to gross receipts tax causes tax pyramiding chart

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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

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Head Tax

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

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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?

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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

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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?

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Inflation Indexing

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

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Inheritance Tax