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

译者Stanley，毕业于法国顶尖的高级翻译学院，擅长翻译各种与数据保护与网络安全相关的法律文件。