rent-a-cow attrib.— « Publicity about the Kings’ small bill and allegations that some developers were abusing the system by running “rent-a-cow” operations drove the county to take a closer look at 2,000 properties receiving the tax break...
cash damming n.— «Last week the CRA did bless another method of interest deductibility known in tax parlance as “cash damming.” Let’s say you’re self-employed and you’ve got one bank account in which you deposit your sales revenues and also conduct...
splash and dash n.— «But the law did not anticipate “splash and dash”—a loophole in the system. This practice involves bringing a tanker of biodiesel made elsewhere, usually Indonesia or Malaysia, to the United States, adding just a “splash” of U.S...
penny poll n.— «Over the years, various activist groups in town have conducted, usually around Tax Day, something called a “Penny Poll,” in which passersby are given ten (or whatever) pennies and a few jars (military, health care, education...
wash sale n.— «If you sell, make sure you don’t run afoul of what’s known as the wash-sale rule. A wash sale happens when you sell a security at a loss and, within 30 days before or after the sale, you buy the same thing, or something...
fetcher bill n.— «politicians routinely submit legislative bills that would take money from various persons or groups, and then withdraw them once (constitutionally protected) payments are made. These bills go by different names. In California they...