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Tax Deferred information: Present income that is taxable, but under the
provisions of a particular regulation or tax code provision, may be postponed to
be taxed in the future. For example, income presently taxable may be put
into various special retirement accounts and may not be subject to tax until
withdrawn (presumably at a lower rate when the taxpayer has retired). For
a more complete summary on this term please see the article at
Legal Term Topics and Issues - Income Tax
Law.
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