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levy |
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levy (1) To assess. One may levy a tax or fine, which means to impose it. (2) To seize or collect, as when a creditor levies on assets by execution. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| No longer content with the collection of millions of dollars of taxes, levies on cassettes and CDs, the CPCC is proposing charges be paid by consumers on items like CDRs, DVDs and hard drives. With these changes, even basic funds for living expenses, such as public assistance and Social Security, are subject to levy However, a tax adviser can help clients by reviewing the levy documents to be certain that the levies on specified payments were approved by the Secretary and do not exceed the 15% statutory amount. The court found unconvincing the extreme administrative burden Jefferson-Pilot indicated it would face if required to track continuing levies on remuneration owed to various types of independent contractors. |
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