tax loophole
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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.
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Words nearby tax loophole
taxis, taxi squad, taxi strip, taxi truck, taxiway, tax loophole, tax loss, taxman, taxo-, Taxol, taxon
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.