tax shelter

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noun

any financial arrangement (as a certain kind of investment or allowance) that results in a reduction or elimination of taxes due.

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OTHER WORDS FROM tax shelter

tax-sheltered, adjective

Words nearby tax shelter

tax rate, tax relief, tax return, tax sale, tax sharing, tax shelter, tax stamp, tax title, tax with, -taxy, tax year

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

How to use tax shelter in a sentence

Wyden first proposed an overhaul of IRA rules to prevent the accounts from being used as large tax shelters several years ago.
The Number of People With IRAs Worth $5 Million or More Has Tripled, Congress Says|by Justin Elliott, James Bandler and Patricia Callahan|July 28, 2021|ProPublica
ProPublica reported Thursday that the Roth IRA, a retirement vehicle originally intended to spur middle-class savings, was being hijacked by the ultrawealthy and used to create giant onshore tax shelters.
The Ultrawealthy Have Hijacked Roth IRAs. The Senate Finance Chair Is Eyeing a Crackdown.|by Justin Elliott, Patricia Callahan and James Bandler|June 25, 2021|ProPublica
Thiel’s unusual stock purchase risked running afoul of rules designed to prevent IRAs from becoming illegal tax shelters.
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank|by Justin Elliott, Patricia Callahan and James Bandler|June 24, 2021|ProPublica
Surely, that would prevent the superrich from gaming the system to use Roths as tax shelters.
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank|by Justin Elliott, Patricia Callahan and James Bandler|June 24, 2021|ProPublica

About a decade after the creation of the Roth, Congress made it even easier to turn the accounts into mammoth tax shelters.
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank|by Justin Elliott, Patricia Callahan and James Bandler|June 24, 2021|ProPublica
Have you tried to access the research that your tax dollars finance, almost all of which is kept behind a paywall?
Anti-Fluoriders Are The OG Anti-Vaxxers|Michael Schulson|July 27, 2016|DAILY BEAST
His life as a man is built around health insurance and tax services.
Houellebecq’s Incendiary Novel Imagines France With a Muslim President|Pierre Assouline|January 9, 2015|DAILY BEAST
The grim instability of shelter life is hardly a recipe for success under the best of circumstances.
His First Day Out Of Jail After 40 Years: Adjusting To Life Outside|Justin Rohrlich|January 3, 2015|DAILY BEAST
Cocaine busts, tax cheats, and bribe-taking, born-again Christians: Welcome to the political scandals of 2014.
2014 Was a Delectably Good Year for Sleaze|Patricia Murphy|December 30, 2014|DAILY BEAST
In response to the screen quota cut, South Korea established a “cinema tax” on the box office.
Propaganda, Protest, and Poisonous Vipers: The Cinema War in Korea|Rich Goldstein|December 30, 2014|DAILY BEAST
In their shelter, Brion and Ulv crouched low and wondered why the attack didn't come.
Sense of Obligation|Henry Maxwell Dempsey (AKA Harry Harrison)
But one day when we marched beneath the blazing sun, we met a storm and found no shelter.
The Soldier of the Valley|Nelson Lloyd
The law went into operation in England imposing a tax on wearing hair powder.
The Every Day Book of History and Chronology|Joel Munsell
I feel proud and happy to shelter beneath my roof any of our valued and brave allies.
Blackwood's Edinburgh Magazine, Volume 60, No. 372, October 1846|Various
This man by hard, manual labor makes only enough to pay for humble shelter and plain food.
The Unsolved Riddle of Social Justice|Stephen Leacock

British Dictionary definitions for tax shelter

tax shelter

noun

commerce a form into which business or financial activities may be organized to minimize taxation

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for tax shelter

tax shelter

A type of investment that allows a reduction in one's taxable income. Examples include investments in pension plans and real estate.