Topic: Definition of Windfall Tax
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What Are Windfall Profits Taxes?
According to the Encyclopedia of Taxation and Tax Policy, a "windfall profits" tax is a tax leveled by a government on profits that it deems unusually or unfairly large. Large profits are dubbed "windfall" profits if they are said to have b... Read More »
Source: http://www.ehow.com/facts_5551850_windfall-profits-taxes.html
What is the Definition of Tax Liability?
Tax liability is defined as the amount of tax that is due after any possible adjustments. The term is usually used to refer to a business but can be used for an individual as well. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_the_definition_of...
How Does the Windfall Retirement Tax Work?
The windfall elimination provision reduces or cancels a retiree's Social Security benefits if the retiree collects certain types of pensions, such as a pension from a state or local government or a nonprofit. Employees of these organization... Read More »
Source: http://www.ehow.com/info_7864693_windfall-retirement-tax-work.htm...
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Definition of Windfall Tax
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Despite the U.S. tax code's reputation for being complicated, the federal gift tax is simple to understand. It attaches to large gifts, also known as windfall gifts, to a person or organization. (The size of the gift qualifying for the tax ...
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Source: http://www.ehow.com/how_7537002_shelter-windfall-gifts-taxes.html
The subject of windfall taxes on retirement funds crops up from time to time in Washington. So how do you tell if windfall taxes are just talk, or are they coming soon? Here's how you separate fact from fantasy about windfall taxes.
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Source: http://www.ehow.com/how_2363913_know-windfall-tax-retirement-fund...
Taxes are defined as a percentage charged to a taxpayer's income for government purposes. This is the government's method of collecting money for public roadways, parks, and other community services.
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Source: http://answers.ask.com/Business/Finance/what_is_the_definition_of...
A tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. Windfall taxes are primarily levied on the companies in the targeted industry that have benefited th...
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Source: http://www.answers.com/topic/windfall-tax-1
Windfall profits tax has to do with companies, like when the oil companies made record profits at the expense of the overall economy. If your uncle made a profit on his house then it would only have been if he hadn't owned it for at least 2...
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Source: http://www.ask.com/Q/should-government-tax-so-called-windfall-pro...
tax on profits that result from a sudden windfall to a particular company or industry. In 1980, federal legislation was passed that levied such a tax on oil companies because of the profits they earned as a result of the sharp increase in o...
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Source: http://www.answers.com/topic/windfall-profits-tax
