Outrageously Funny Word Dictionary :: Untax

👉 The process of reducing or minimizing taxes on income, especially in tax systems where there are no explicit personal income tax. This can be achieved through various methods such as tax credits, deductions, and rebates. The goal is to reduce government spending and increase revenue for public services.

untaxing

👉 Untaxed means that a tax has not been paid. In other words, it's an act of evasion or avoidance of paying taxes on income, assets, or services. It's a legal principle where individuals do not pay their fair share of taxes based on their income or earnings. For example, if someone is not paying the sales tax on their purchases, they are considered untaxed. Similarly, someone who owns property but does not pay property tax is also considered untaxed due to lack of payment

untaxied

👉 Untaxed is a legal term in many countries, which refers to a situation where an individual or entity has not paid any taxes on their income. In other words, it means that they have not been taxed at all. For example, if a person earns $10,000 per year but does not pay any taxes, then they would be considered untaxed. However, if the person pays taxes, they are required to report and pay them back to the government.

untaxed

👉 The term "untaxed" refers to a situation where an individual or entity is not required to pay any tax on their income. In other words, it means that they have no obligation to pay taxes on their earnings. This can be achieved by having income from sources like dividends, interest, and capital gains, as well as some types of rental income.

untaxable

👉 Untax is a term that refers to an individual or entity who has not paid any tax on their income or assets. It can refer to individuals, businesses, or governments. In some cases, it may also be used as a metaphor for someone's wealth or status without paying taxes. For example, if someone has a large fortune and does not pay taxes on it, they are considered to have untaxed wealth.

untax