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Phrases with «penalty tax»
A
penalty tax
is an extra fee or charge that is imposed by the government as punishment for not following certain rules or laws related to taxes.
Full definition
tax
(parent phrase)
penalty
(parent phrase)
penalty tax
Related phrases
tax penalty
to pay a tax penalty
to avoid tax penalties
federal tax penalties
purpose of avoiding any federal tax penalties
additional tax penalty
potential tax penalties
significant tax penalties
income tax penalty
percent tax penalty
percent penalty tax
withdrawal penalty tax
distribution penalty tax
tax and penalties
tax or penalties
Sentences with «penalty tax»
But there's a 10 % federal
penalty tax on
withdrawals of earnings.
(
investor.vanguard.com
)
But there's a 10 %
federal penalty tax
on withdrawals of earnings.
(
investor.vanguard.com
)
But in addition to the tax you will pay at your regular marginal tax rate, you will also pay an additional
penalty tax of
20 %.
(
moneysense.ca
)
(see all sentences)
See also
Definition of PENALTY TAX
Synonyms for PENALTY TAX
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