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:
“It has been from Age to Age an Affectation to love the Pleasure of Solitude, among those who cannot possibly be supposed qualified for passing Life in that Manner.”
—Richard Steele (1672–1729)
“The myth of unlimited production brings war in its train as inevitably as clouds announce a storm.”
—Albert Camus (1913–1960)
“When mundane, lowly activities are at stake, too much insight is detrimental—far-sightedness errs in immediate concerns.”
—Franz Grillparzer (1791–1872)
“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)