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)
“Every production of an artist should be the expression of an adventure of his soul.”
—W. Somerset Maugham (1874–1965)
“Minds do not act together in public; they simply stick together; and when their private activities are resumed, they fly apart again.”
—Frank Moore Colby (1865–1925)
“Some rough political choices lie ahead. Should affirmative action be retained? Should preference be given to people on the basis of income rather than race? Should the system be—and can it be—scrapped altogether?”
—David K. Shipler (b. 1942)