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.
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shelter


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.
References in periodicals archive ?
Sheltered workshops can continue to offer opportunities for large numbers of people with disabilities, provided they are able to accommodate to concepts of realistic training and integration.
The authors remain committed to the continued value of sheltered employment.
Mental retardation service in sheltered workshops and day activity programs: consumer benefits and policy alternatives.
Transition of persons with developmental disability from extended sheltered employment to competitive employment.
The role of sheltered workshops in the rehabilitation of the severely handicapped.
Evaluating competitive employment versus sheltered workshop employment.
Comparison of sheltered and supported work programs.