Vertical Equity The concept that people in different income groups should pay different rates of taxes or different percentages of…
Underground Economy Money-making activities that people don't report to the government, including both illegal and legal activities.
Transmitter Sends the electronic return data directly to the IRS.
Transaction Taxes Taxes on economic transactions, such as the sale of goods and services. These can be based on a…
Tip Income Money and goods received for services performed by food servers, baggage handlers, hairdressers, and others. Tips go beyond…
Telephone Tax Refund Taxpayers are eligible to file for refunds of all excise tax they have paid on long-distance service…