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consumed-income tax

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Financial Dictionary

consumed-income tax

A tax levied only against the part of income that is spent. Proponents of this type of taxation contend that exempting the portion of income that is saved will encourage savings, provide funds for investment, and make the economy more productive.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Tax Return Preparation
Call for affordable tax prep by CPA . Accurate! 949-857-0404, Irvine CA
www.MaslerCPA.com
H&R Block® Official Site
Use H&R Block's Tax Calculator and Then Find Your Local Tax Pro
www.HRBlock.com
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