Before-Tax Basis

Before-Tax Basis

Any calculation that does not account for either income taxes or capital gains taxes. The before-tax basis is not as useful as the after-tax basis for arriving at an accurate figure, particularly given the fact that some investments are tax-exempt. See also: Pretax contribution.
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This is thanks to tax provisions that begin this year and allow the cost of qualified long term care to be covered using the cash value of life insurance and annuity contracts on a before-tax basis.
79) On a before-tax basis, it breaks even, but after-tax it yields 4 percent.
401(k) plan on a before-tax basis, the company's payroll base is reduced by those amounts.
The entity has the option of either displaying the components on a before-tax basis with the aggregate amount of tax related to the total amount of other comprehensive income reported on one line or on a net-of-tax basis for each component.
Health Care Premium Conversion Account (PCA): the mechanism by which participant health care premiums for group coverage are paid on a before-tax basis.
109 requires AFUDC to be reported on a before-tax basis.
In an environment where the contributions are made on a before-tax basis, all of the benefits are taxed upon receipt at the ordinary income tax rates of the receiving individual without regard to gender (see columns 4 and 5 of Table 1).
The key to the secular trust is that it's an after-tax arrangement, while previous executive benefit arrangements were always done on a before-tax basis.
Net interest income and net interest margin on a FTE basis is determined by adjusting net interest income to reflect tax-exempt interest income on an equivalent before-tax basis.
Under the law, the cost of qualified long term care can be covered using the cash value of life insurance and annuity contracts on a before-tax basis.
2) This adjustment reflects tax-exempt interest income on an equivalent before-tax basis assuming an effective tax rate of 34.
However, the estate owes $302,172 more in Federal estate taxes than if the estate had been divided equally on a before-tax basis.