shelter

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Tax Shelter

An investment vehicle that reduces one's tax liability. For example, a 401(k) defers taxation until withdrawal from the account and may therefore be considered a tax shelter. Tax shelters are legal unless their sole purpose is to avoid taxes. See also: Tax evasion.

shelter


shelter

To protect one's income from taxation. Some taxpayers shelter their income by investing in such activities as oil drilling ventures.
References in classic literature ?
Excuse me my Sophia for having thus unwillingly offended you--" replied I--and then changing the conversation, desired her to admire the noble Grandeur of the Elms which sheltered us from the Eastern Zephyr.
The terrible sea, the frail boat, the storms, the suffering, the strangeness and isolation of the situation,--all that should have frightened a robust woman,--seemed to make no impression upon her who had known life only in its most sheltered and consummately artificial aspects, and who was herself all fire and dew and mist, sublimated spirit, all that was soft and tender and clinging in woman.
We shall land on that island, and we shall be snug and sheltered before the day is done.
And now, if the gods be truly kind, we shall drift by that next headland and come upon a perfectly sheltered beach, where we may land without wetting our feet.
It's a perfect chance to inform potential adopters that, each year, up to 30 percent of purebred animals and thousands of adorable mixed breeds are sheltered by Los Angeles city shelters, and many are awaiting new homes now.
Thus, the sheltered workshop was an effort to allow the individual the opportunity to work without having to risk competition and failure experiences which, it was assumed, would occur in normal work environments.
Doll (1967) emphasized that the sheltered workshop is a means rather than an end, and should be used to effect productive and competitive employment.
com, which has uploaded photos of the animals being sheltered throughout the country.
The Castaic Shelter experienced a 22 percent growth rate in the number of dogs sheltered from 1994 to 1998, with 3,490 dogs impounded last year.
Programming for Vocational Competence in Sheltered Workshops
The employment focus for workers with mental retardation is changing from segregated, sheltered employment to integrated, community-based employment (Bellamy, Rhodes, Bourbeau, & Mank, 1986).
By employing participants in the Hope Rehabilitation Center's sheltered workshop and donating to educational and charitable funds, North Coast strives to make a difference in the community.