Qualified Production Activities Income is a class of income which is entitled to favored tax treatment under Section 199 of the United States Internal Revenue Code.
Read more about Qualified Production Activities Income: History, Mechanics, Effect
Famous quotes containing the words qualified, production, activities and/or income:
“I used to join the murmurings about “Where are the qualified women?” As we murmured, we would all gaze about the room, up toward the chandelier, into the corner behind the potted palm, under the napkin, hoping perhaps that qualified women would pop out like leprechauns.”
—Jane O’Reilly, U.S. feminist and humorist. The Girl I Left Behind, ch. 5 (1980)
“... if the production of any commodity necessitates the sacrifice of human life, society should do without that commodity, but it can not do without that life.”
—Emma Goldman (1869–1940)
“If it is to be done well, child-rearing requires, more than most activities of life, a good deal of decentering from one’s own needs and perspectives. Such decentering is relatively easy when a society is stable and when there is an extended, supportive structure that the parent can depend upon.”
—David Elkind (20th century)
“I had always been so much taken with the way all English people I knew always were going to see their lawyer. Even if they have no income and do not earn anything they always have a lawyer.”
—Gertrude Stein (1874–1946)