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.
Cite This Source

00:10

00:09

00:08

00:07

00:06

00:05

00:04

00:03

00:02

00:01

Tax loophole is always a great word to know.
So is bezoar. Does it mean:
a scrap or morsel of food left at a meal.
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
Dictionary.com, LLC. Copyright © 2012. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature