The tax deferred definition is a term that has been used for years, but was recently taken up by The United States Congress in an effort to explain to the American public that taxes are not due until the IRS has taken all the required actions to collect the taxes.
The tax deferred definition is a term that has been used for years, but was recently taken up by the United States Congress in an effort to explain to the American public that taxes are not due until the IRS has taken all the necessary actions to collect the taxes.
The tax deferred definition, as it has been used in Congress, is basically a way for the IRS to say, “We’re not actually paying you until the IRS has finished all the work to collect the taxes, but we’ll just assume you’re paying us anyway so that we can put you on our list for collection without having to worry about it.
Tax deferred was introduced in Congress because the IRS couldn’t collect the taxes without having to wait, but it has also been used to explain to us that the tax system is an entirely different animal than the one we use to pay for things. When we pay our taxes, we’re paying taxes to support the tax system. When we withhold taxes, we’re paying taxes to support the tax system.
Tax deferred is another term that we use to describe it, and it is really a way to describe something we use to pay for things. It also gives us an additional name that describes why it is possible to get the same amount for each item on our list.
This is an interesting idea. Our minds have a tendency to work in a certain way even when we’re not actually thinking. These mental shortcuts that we use to get something done and without actually thinking may be the cause of some of the most frustrating headaches we get from our jobs.
The easiest, in terms of using your brain, to describe the process of getting something done is “to pay.” That is a term of convenience, and is used because it doesn’t actually take your mind a very long time. However, if you could actually pay for your work, just like you can pay for your groceries, it would be much more difficult to find the correct price.
It’s the same for anything where you pay for something you get a better end-result, but not necessarily faster. For example, if you have to buy shoes, you don’t get to choose the style, size, and color of your shoes. You get to buy the shoes, and you get to put them on. You might as well just buy shoes, because you likely wont wear them.
If you’re a shopper, this is a very good example of the difference between a free (or low-priced) product and the paid-for, higher-priced product. You get to choose how and for how long you are going to wear them. But you get paid for it! So if your shoes are going to last a while, and you don’t care what you wear them with, you are paying for your shoes.
