U.S. Tax Code

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U.S. Tax Code

The set of laws governing U.S. federal taxation. It covers the credits and deductions for which one is eligible, as well as the tax rates for different types of income or wealth. The U.S. Tax Code is rarely replaced, but it is amended with some frequency.
References in periodicals archive ?
This is a feature of the US tax code which they can resolve themselves and I know President Obama has signalled his desire to do so.
An influential Senator was also said to be floating a plan to cut federal spending and reform the US tax code as part of a broader deal.
Those omissions from the compromise plan mean much work remains for those wishing to overhaul the US tax code.
Boehner earlier said he remained committed to a grand bargain with Obama that would reform the US tax code and slash spending, notably in entitlement programs like Medicare healthcare for the elderly.
Indeed, the US tax code is riddled with special preferences and contains large differences in effective tax rates across individuals and economic activities.
On the policy front, a comprehensive overhaul of the US tax code is getting renewed attention in Washington, DC.
The Boot Camp coaches explained that often, foreign buyers don't want to be exposed to the US Tax Code for estate tax and must consult a tax expert in their home country to structure a partnership that will facilitate the purchase, Finally, when dealing with foreign sellers it is important to remember that the Foreign Investment in Real Property Tax Act is always instituted.
Washington, Apr 14 ( ANI ): By releasing his 2011 tax return, US president Barack Obama, has made an attempt to highlight the disproportionate structure of the US tax code that even sees his Secretary paying a higher tax rate than him.
Democrats want to shield Medicare and Medicaid and say any cuts in these cherished healthcare programmes for older or poor Americans must be balanced by changes in the US tax code that generate more revenue in the future.
SPME is an independent, not-for-profit organization chartered in the State of Pennsylvania under provision 501(C) 3 of the US tax code.
ADC has filed multiple administrative complaints with the with the US Department of the Treasury, including the Internal Revenue Service (IRS), requesting investigations into the activities of organizations claiming tax-exempt status under section 501(c)3 of the US Tax Code yet allegedly raising funds for the development of illegal settlements in the occupied West Bank.
The US tax code enables non-profit organisations to receive tax-exempt status only if they engage in education, charitable, religious or scientific activities.