Examlex
According to Maslow's hierarchy of needs, people who fail to at least partially satisfy lower-level needs may fail to move beyond it to higher-level needs.
Section 1245
A tax code provision defining the treatment of gains from the sale of depreciable personal property, requiring that such gains be treated as ordinary income to the extent of depreciation taken.
Section 1231 Gain
The profit from the sale or exchange of real or depreciable property used in a business and held longer than one year.
Preferential Rates
Special, often lower, tax rates applied to certain types of income, such as capital gains or dividends, as an incentive or benefit.
Gross Assets
The total value of all assets owned by a company, individual, or entity before subtracting any liabilities.
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