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What is another word for tax basis?

Pronunciation: [tˈaks bˈe͡ɪsɪs] (IPA)

Tax basis is a term used in finance to refer to the value of an asset or investment for tax purposes. It plays a crucial role in determining tax liability and calculating capital gains or losses. While tax basis is the commonly used term, there are a few synonyms that convey a similar meaning. One such synonym is "cost basis", which signifies the original cost of acquiring the asset. Another alternative is "book value", which represents the asset's value as recorded in the company's financial statements. Lastly, "adjusted basis" is used when the original cost of the asset is modified due to various factors like depreciation or improvements.
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What are the opposite words for tax basis?

Antonyms for the term "tax basis" include "tax exemption," "tax deduction," and "tax credit." While tax basis refers to the value of an asset or property used to calculate taxes owed, tax exemption signifies that certain types of income or assets are excluded from taxation altogether. Tax deductions are expenses or losses that can be subtracted from taxable income, while tax credits directly decrease the amount of taxes owed. When planning one's finances, it is essential to consider both tax basis and antonyms such as tax exemption, deduction, and credit, to maximize savings and minimize tax liabilities.

What are the antonyms for Tax basis?

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