tax loophole
Cultural Dictionary
tax loophole definition
A provision in the laws governing taxation that allows people to reduce their taxes. The term has the connotation of an unintentional omission or obscurity in the law that allows the reduction of tax liability to a point below that intended by the framers of the law.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
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Tax loophole
is always a great word to know.
So is doohickey. Does it mean:
| a gadget; dingus; thingumbob. |
| an extraordinary or unusual thing, person, or event; an exceptional example or instance. |
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