tax-exempt

Definition

Use tax-exempt in a sentence

The Church of Scientology was granted tax-exempt status because they used high pressure tactics and frivolous litigation to bully the IRS.

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The tax-exempt transaction had several benefits and reasons incentivizing us to make an agreement and facilitate the transaction, mostly not paying any taxes on it.

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Many churches file as tax-exempt, which means they are not subject to sales tax; when they go to purchase items, they must provide the store with their tax-exempt card.

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equivalent taxable yield investor status