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shelter

shelter

22 8.6
A way to reduce the tax someone must pay
  • noun
  • /ˈʃɛltər/
  • Specialized
translation icon : esquema de elusión fiscal
  • Investing in a tax shelter can help you save money on your tax returns.
  • tax shelter
  • listed as tax shelters

A good leader figures out smart tax shelters.

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Examples

  • Of course, we had to invest all my money... because Carl's was tied up in some phony tax shelter at the time.

  • - How's my little tax shelter this morning?

  • And see, it's a tax shelter kind of thing.

  • It's called a tax shelter -

  • Well, if you invest in shelter and you provide shelter, you're going to get a better deal, you know, on your taxes.

  • The first was a tax on excess profits, which made the tax shelter offered by retirement plans more attractive to employers.

  • The IRS has been adding tax shelters to its listed transactions as it becomes aware of them.

    Academic text (2002)
  • In the early '80s Doyle put all his money in tax shelters.

  • The IRS stepped up its attacks on tax shelters—corporate ones in particular—more than two years ago.

    Academic text (2002)
  • Many wealthy individuals use a tax shelter to reduce their tax liabilities.

Synonyms

tax shelter
vsshelter
  • US
11 4.4

A plan or investment that helps people and companies pay less money to the government

focuses on minimizing tax on current earnings rather than avoiding taxes entirely

Antonyms

80 4.0

A system for making people and businesses pay money to the government

Compounds

28 3.4

A strong place often underground where people stay to be safe from bombs

11 4.4

A plan or investment that helps people and companies pay less money to the government

fallout shelter
  • Archaic
8 5.3

A room underground that protects people from radioactive dust after a nuclear blast

A strong place, often underground, that protects people from bombs

bombproof shelter
  • Specialized
4.8

A very strong room or building that protects people from bomb explosions

shelter deck
  • Specialized
8.2

An upper deck on a ship with no roof that protects the deck below

A small tent shaped like a triangle without a floor that gives temporary cover outdoors

How Effective

tax haven
8 4.7
shelter
  • Specialized
22 8.6
tax avoidance
  • Specialized
4 3.4
tax credit
  • Specialized
148 3.2
tax deduction
  • Specialized
22 3.4
deferral
7 5.8

Surface Forms

shelter singular
shelters plural

Etymology

Shelter is also used as a metaphor for protection, so a tax shelter is a legal scheme that keeps money in a 'safe place' to reduce the tax you pay.