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 ?
Shelters of palm-thatched huts were being built, a site for cooking fires made, and, at the direction of Mr.
His duties all performed, --the highest prosperity attained,--his race and future generations fixed on a stable basis, and with a stately roof to shelter them for centuries to come,--what other upward step remained for this good man to take, save the final step from earth to the golden gate of heaven
One night he was caught by a thunderstorm, and he sought shelter in a little house just outside of a town.
and Sam, when he had got fairly beyond the shelter of the barn, and fastened the horse to a post.
Loose the oxen from the trek-tows and drive them in between the wagons; they will give them some shelter.
If the reverend fathers,'' he said, ``loved good cheer and soft lodging, few miles of riding would carry them to the Priory of Brinxworth, where their quality could not but secure them the most honourable reception; or if they preferred spending a penitential evening, they might turn down yonder wild glade, which would bring them to the hermitage of Copmanhurst, where a pious anchoret would make them sharers for the night of the shelter of his roof and the benefit of his prayers.
Two had bit the dust, one had fled, four had made good their footing inside our defences, while from the shelter of the woods seven or eight men, each evidently supplied with several muskets, kept up a hot though useless fire on the log-house.
An overhanging rock offered him a temporary shelter, and scarcely had he availed himself of it when the tempest burst forth in all its fury.
In either case it will always be more advantageous for you to declare yourself and to make war strenuously; because, in the first case, if you do not declare yourself, you will invariably fall a prey to the conqueror, to the pleasure and satisfaction of him who has been conquered, and you will have no reasons to offer, nor anything to protect or to shelter you.
A blacksmith's forge, which had been set up in the shelter of a grove near the beach, attracted so great a crowd, that it required the utmost efforts of the sentries posted around to keep the inquisitive multitude at a sufficient distance to allow the workmen to ply their vocation.
And whither shall we go (said I) to shelter us from either?
Here they put up a shed for immediate shelter, and immediately proceeded to erect a hut.