income shifting

income-shifting. The practice of transferring income to a taxpayer in a lower tax bracket, such as a child, to reduce tax liability. • Often this is accomplished by forming a Clifford trust. See Clifford trust under TRUST; kiddie tax under TAX.

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词条贡献者

资深译员Bryan，毕业于美国一流的翻译学院，专注翻译各种与贸易与海关有关的法律文件。