shelter(redirected from sheltered)
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
See tax shelter.
To protect one's income from taxation. Some taxpayers shelter their income by investing in such activities as oil drilling ventures.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.