Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

kiddie tax

Read a random definition: infra annos nubiles

A quick definition of kiddie tax:

Term: Kiddie Tax

Definition: The Kiddie Tax is a type of tax that applies to children's unearned income, such as investment income. It is designed to prevent parents from shifting their investment income to their children to take advantage of lower tax rates. Basically, if you're a kid and you make money from investments, you might have to pay some extra taxes on it.

A more thorough explanation:

Kiddie tax is a type of tax that is imposed on the unearned income of children under the age of 18. This tax was introduced to prevent parents from transferring their investment income to their children to avoid paying higher taxes.

  • If a child receives $1,000 in interest income from a savings account, the kiddie tax may apply to that income.
  • If a parent transfers stocks to their child and the child earns a profit from selling those stocks, the kiddie tax may apply to that profit.

These examples illustrate how the kiddie tax applies to unearned income that is generated by children. The purpose of this tax is to ensure that parents cannot use their children's lower tax rates to avoid paying higher taxes on their own investment income.

kickback | kidnap

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
i'm here for the ranking baby cat
JumpySubsequentDolphin
18:36
is anyone here very into skincare
windyMagician
18:36
i just feel like i always get treated like junk by guys so i'd like to change that :<
babycat
18:36
I don’t know how the ranking works can someone tell me. Is it like alpha, sigma, beta? Or numerical? Trying to get started ASAP
18:36
@windyMagician: i have a mini long island accent lol
18:37
not super strong tho
Dkk
18:37
@babycat: https://tiermaker.com/
windyMagician
18:37
like i was with my ex for 2 years, moved to Alaska for him, and he broke up with me over text the weekend before the election
i sound like tony soprano when i'm emotional it's so bad
windyMagician
18:37
eggan and jack are s tier bc of their accent
@babycat: I guess more binary than ranking. It’s like high value man, low value man, and there’s some other stuff
@windyMagician: can you talk about it in therapy? i had a problem with only going after people who treated me poorly and therapy helped me work that out
i could see why FDS would be attractive but i was in to manosphere stuff like 10 years ago and its just soooooo bad for your mental health
will 100% poison all your personal relationships
And that stuff fucks with the way you see the world in general
windyMagician
18:39
therapy is a good idea
babycat
18:40
@jackfrost11770: you sound like tony soprano? I need you
18:42
thank you windy... also wtf is fds
18:43
oh female dating strategy reddit lmao terrible. i imaging it festering with femcels
my first language isn't english but i am from here but sometimes ppl tell me i also have a russian accent which is so funny lol
all of my accents are just mob/mafia core
JumpySubsequentDolphin
18:44
i want a man w a transatlantic accent how do i make that work
Dkk
18:45
@jackfrost11770: same about that Russian accent thing.
windyMagician
18:45
when he says "i'm a new yorker" in the accent...
DK ARE YOU RUSSIAN
babycat
18:45
@jackfrost11770: come with me and renard to the nyu info session. lsd harem
when is that
Dkk
18:48
@jackfrost11770: nah estonian finnish
ahhh dope do u speak the language(s)
Dkk
18:49
Nah lol, so many vowels. It is like learning hawaiian.
LSD+ is ad-free, with DMs, discounts, case briefs & more.