tax shelter

Definition of "tax shelter"
  1. A financial strategy or investment, such as a partnership, primarily designed to reduce a person's taxable income
How to use "tax shelter" in a sentence
  1. The accountant advised the businessman to reinvest their profits into a tax shelter for reducing his taxable income.
  2. Investing in certain assets can act as a tax shelter, helping to minimize the amount of tax owed.
  3. The term 'tax shelter' refers to various methods that taxpayers can use to decrease their taxable incomes.

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