Tax

Findthousandsoffinancialtermsatwww. ftpall. com Financial Terms related to Tax This document is part of the valuable contents available at www. ftpall. com, a free online glossary with more than five thousand financial and business terms. This document can... More

Findthousandsoffinancialtermsatwww. ftpall. com Financial Terms related to Tax This document is part of the valuable contents available at www. ftpall. com, a free online glossary with more than five thousand financial and business terms. This document can be copied and distributed freely respecting its original format. It is forbidden its transcription, translation or change on its format without authorization of its author or editor. TAX Ad valorem tax • Is a tax placed on real property. This is a primary revenue source for many municipalities. After tax • Describes funds on which an employee has already paid all income taxes, for example, amounts held outside a 401(k) plan or traditional IRA, or within a Roth IRA. Taxes on benefits derived from these funds, plus investment earnings in a Roth IRA, are not payable when they are received. See basis. Also known as post-tax. After tax proceeds from sale of old asset • Found by subtracting applicable taxes from the proceeds from Less