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LSDefine

Simple English definitions for legal terms

tax-deferred

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A quick definition of tax-deferred:

Tax-deferred means that you don't have to pay taxes on something until a later time or event. For example, a tax-deferred retirement plan lets you save money for retirement without paying taxes on it until you withdraw the money later on. This can be a good way to save money and reduce your taxes in the long run.

A more thorough explanation:

Definition: Tax-deferred means that taxes on something, such as income or investments, are not paid until a later date or event.

Example: A tax-deferred retirement plan is a type of savings account where you can put money away for retirement without paying taxes on it until you withdraw the money. This means that you can save more money for retirement because you don't have to pay taxes on it right away.

Another example: An annuity is another type of tax-deferred investment. When you buy an annuity, you put money into an account that earns interest over time. You don't have to pay taxes on the interest until you withdraw the money.

These examples illustrate how tax-deferred means that taxes are postponed until a later date or event. This can be beneficial because it allows you to save more money or earn more interest without having to pay taxes right away.

tax deed | tax-exempt

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babycat
19:51
I love when a Latina is redhead. Like damn bitch u really have it all
19:52
let me check the chart, let me check the chart- that is not readable! off the chart, HOUSTON WE HAVE A PROBLEM!
babycat
19:53
hahahaha
19:54
ok I gotta go, my time derailing the LSD general is over. sowwy! byeee
bye bye bestie
Dkk
19:54
Nah not in my case lol. It's cus you posted in general! That way you could tag me!
19:54
*good ridden!*
Dkk
19:54
Adios!
[] notacat
20:50
Do you guys know if the LSAdmit program is working on your end right now? It's not working on mine
20:53
Anyone here done the Cornell Kira? Was wondering if anyone had any tips 🙏
21:13
@KnowledgeableRitzyWasp: ^^ seeking corn-hell advice
21:15
@babycat: unrelated but every time I saw ur old handle i thought of this lyric: https://youtu.be/V90loMCyxa0?t=34
What does "Hold" mean on the result column?
21:28
@ClockworkBlue: on LSD?
yeah
babycat
21:30
A hold is not exactly a waitlist, but it means they’re waiting to give you a decision later
babycat
21:31
@llama: nice
21:32
@ClockworkBlue: what babycat said, the link reads as the school always initiates the 'hold' status, however [in my case] sometimes applicants ask to be placed on 'hold' pending a score (LSAT, final semester of UG, etc).
21:32
@babycat: just had to get that off my chest.
cornell kira is just about performing well under pressure and having substantive content in your questions
so just try to stay calm and pace your responses so you give good answers during the interview
21:44
so just don't sperg out on camera and ur good?
yeah pretty much, you get some leniency too. they expect you to not be perfect under pressure
babycat
22:09
i’m sleepy :(
go to sleeb
ShiveringCleverFlounder
0:24
Hey guys it all works out, I’m in law school now with a phat scholly just so yall know there’s light at the end of the apps tunnel
Wrong I’m homeless
ShiveringCleverFlounder
0:25
bro what
m10
3:20
Wow, Stanford PhD big brain here. Yikes!: https://x.com/dotkrueger/status/1850698550297899235
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