DIVIDENDS RECEIVED DEDUCTION - DRD
Tax reduction received by a company on the dividends paid to it by another firm in which it has ownership interest. The deduction seeks to ease the outcome of triple taxation, which happens because the firm paying the dividend does it using post-tax money and the company receiving it is subject to income tax on the dividends. The money will be taxed three times if the corporation receiving the dividends decide to pay out its shareholders.
POPULAR TERMS
Take a Bath
Slang term for a situation in which investor sustained a huge amount of loss from an investment or speculative position. Investors experiencing thi ...
Austerity
Its main purpose is to measure the measures the government did to reduce the expenditure in an attempt to decrease their growing deficit.
Trade Surplus
Situation in which a country’s exports is higher than its imports, reflecting a net inflow of domestic currency from international markets.
Health Insurance
An insurance that pays for medical expenses incurred by the insured.
Substantial Gainful Activity - SGA
Threshold placed by the Social Security Administration to evaluate the eligibility for disability benefits. A specified dollar amount, it is update ...
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