Examlex
A taxpayer may not avoid responsibility for payment of income taxes by assigning the income to a third party.
Rate of Return
The profit or deficit experienced on an investment, calculated over a particular duration and shown as a fraction of the investment's original value.
Rental Income
Income received from renting out a property or another asset.
Property Taxes
Levies imposed by a government on a property owner, typically based on the value of the property.
Effective Rate
The actual interest rate an individual pays on a loan or earns on an investment, taking into account the effect of compounding.
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