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LSDefine

Simple English definitions for legal terms

premium tax

Read a random definition: Special prosecutor

A quick definition of premium tax:

A premium tax is a type of tax that the government charges on insurance premiums. A tax is a fee that the government collects from people, businesses, or property to raise money for public needs. Taxes can be paid in different ways, not just with money. A tax that has been incurred but not yet paid is called an accrued tax. An accumulated-earnings tax is a penalty tax imposed on a corporation that has retained its earnings to avoid paying income tax. An admission tax is a tax that is included in the price of admission to a particular event.

A more thorough explanation:

Definition: A premium tax is a monetary charge imposed by the government on persons, entities, transactions, or property to yield public revenue. It is a type of tax that is paid by insurance companies on the premiums they collect from policyholders.

For example, if an insurance company collects $100 in premiums from a policyholder, they may be required to pay a premium tax of 2% to the government. This means they would have to pay $2 in taxes on that $100 premium.

Premium taxes are a way for governments to generate revenue from the insurance industry. They are typically calculated as a percentage of the premiums collected by insurance companies and can vary depending on the type of insurance and the jurisdiction in which the policy is issued.

premium stock | prenatal injury

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2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
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