Examlex
The single most important ceremony for communing with God, according to members of the Unification Church, is marriage.
Collectibles Tax Rate
The tax rate applied to gains from the sale of collectibles, such as art, stamps, coins, and antiques, which is often different from the rate on other capital gains.
Section 1245 Gain
Income derived from the sale or disposal of depreciable personal property, which may be recaptured as ordinary income.
Ordinary Income
Income earned from providing services, including wages, salaries, commissions, and income from businesses in which there is material participation.
Depreciation
A tax deduction reflecting the decrease in value of an asset over time due to wear and tear.
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