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

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

Glossary

Tax Pyramiding

2019 state tax changes 2019, State tax changes as of july 1, 2019, state tax rate changes, July 1, 2019, state tax changes effective July 1, 2019 GILTI conformity, Interest Limitation, Capital Investment

Glossary

Tax Reciprocity Agreement

What is a Tax Refund? Why do I get a tax refund? How much do I owe in taxes? Advance Child Tax Credit Payments IRS Tax Refund Where's my refund? Tax Refund calculator, How much will my tax refund be? Tax withholding calculator, How much taxes did I pay? Form 1040 and W2 IRS tax withholding estimator tool

Glossary

Tax Refund

tax wedge US tax burden on labor payroll tax burden an average wage worker with no children tax burden

Glossary

Tax Wedge

taxable income “Who Pays?” Doesn’t Tell Us Much About Who Actually Pays State Taxes

Glossary

Taxable Income

Tax Cuts and Jobs Act offshoring OECD BEPS project, OECD consultation document, OECD multinationals, Consumption tax policies in OECD countries, Consumption taxes in OECD countries

Glossary

Territorial Tax System

global tax deal oecd international undertaxed profits rule undertaxed payments rule

Glossary

Undertaxed Profits Rule (UTPR)

Child Tax Credit reform options and analysis romney family security act child poverty taxes and inflation

Glossary

Unemployment Insurance (UI) Taxes

Fewer people driving means fewer people buying gasoline, which could be detrimental to motor fuel excise tax revenue for federal and state governments. The coronavirus pandemic is affecting most aspects of the economy, and motor fuel consumption is no exception. As social distancing recommendations, shelter-in-place-orders, and quarantines have upended American life in an effort to slow the spread of the virus, road traffic has declined dramatically around the country. Traffic drops means less motor fuel excise revenue

Glossary

User Fee

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

Glossary

Europe

Value-Added Tax (VAT)

JCT Pillar Two Revenue effects and federal revenue effects of Pillar Two global minimum tax revenue JCT House Ways and Means Committee function Renewing Investment in American Workers and Supply Chains Act to boost US competitiveness Federal tobacco tax proposal, Tobacco Tax Equity Act, would impose a federal excise tax on tobacco (including a federal cigarette excise tax)

Glossary

Ways and Means Committee

Wealth taxes in the OECD, Wealth taxes in Europe. What the U.S. Can Learn from the Adoption (and Repeal) of Wealth Taxes in the OECD, wealth tax warren wealth tax oecd, Bernie Sanders wealth tax

Glossary

Wealth Tax

windfall profits tax windfall tax excess profits tax windfall taxes definition oil prices

Glossary

Windfall Profits Tax

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

Withholding

Tax Cuts and Jobs Act offshoring Controlled Foreign Corporation rules around the world CFC rules US CFC rules passive foreign investment companies, PFICs GILTI, global minimum tax

Glossary

Worldwide Tax System