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 ?
Renan; a supreme artist, like Flaubert, has been able to isolate himself, to keep himself out of reach of the clamorous claims of others, to stand 'under the shelter of the wall,' as Plato puts it, and so to realise the perfection of what was in him, to his own incomparable gain, and to the incomparable and lasting gain of the whole world.
As on the ruined human wretch vermin parasites appear, so these ruined shelters have bred a crowd of foul existence that crawls in and out of gaps in walls and boards; and coils itself to sleep, in maggot numbers, where the rain drips in; and comes and goes, fetching and carrying fever and sowing more evil in its every footprint than Lord Coodle, and Sir Thomas Doodle, and the Duke of Foodle, and all the fine gentlemen in office, down to Zoodle, shall set right in five hundred years--though born expressly to do it.
Since it was early for luncheon, Philip and Mildred sat in one of the shelters on the parade, sunning themselves, and watched the people pass.
They built and tended a ring of perpetual fires, gangs roamed for brushwood and met with wolves, and the wounded men and their beds were brought out from the airship cabins, and put in shelters about the fires.
Soldiers scattered over the whole place were dragging logs and brushwood and were building shelters with merry chatter and laughter; around the fires sat others, dressed and undressed, drying their shirts and leg bands or mending boots or overcoats and crowding round the boilers and porridge cookers.
As usual, when she found herself in talk with Katharine, she began to feel rapid alternations of opinion about her, arrows of sensation striking strangely through the envelope of personality, which shelters us so conveniently from our fellows.
Presently they dragged me within the village, which consisted of several hundred rude shelters of boughs and leaves supported upon the branches of the trees.
While farther up the coast, a few miles beyond the cabin, in crude but well-built shelters, lived a little party of eighteen souls--the occupants of the three boats from the LADY ALICE from which Clayton's boat had become separated.
In the heart of the Japanese comes the love of his parents, the love of his wife and children, and, deepest, perhaps, of all the emotions he knows, the strong magnificent background to his life, the love of the country which bore him, which shelters them.
The house that shelters us belongs to a gentleman of ancient Northern lineage, whose name is Dunross.
75-88) (25) But she herself came to the neat-built shelters, and him she found left quite alone in the homestead -- the hero Anchises who was comely as the gods.
There we found a thousand people, perhaps, dwelling in rude shelters, and living upon the fruits of the chase and such sea food as is obtainable close to shore, for they had no boats, nor any knowledge of such things.