Aggregation

Aggregation

About Aggregation:

There is more of the aggregation of taxpayer income in the U.S. tax law (see below). For example: 1. Aggregation of Annuities. All annuity contracts issued by the same company to the same policyholder during any calendar year are treated as a single annuity contract for the purpose of determining the amounts includable in gross income for dividends, refunds, cash withdrawals, and other payments that are not received as an annuity. 2. Aggregation of Long term contracts. Two or more contracts that are interdependent (by reason of pricing or otherwise) may be treated as one contract. Aggregation is not allowed when the only reason is to delay the recognition of income by aggregating a completing contract with one that is far from completion.

3. Aggregation of Mineral interests. Operating mineral interests in the same tract are aggregated unless the taxpayer elects otherwise. The Tax Court has held that aggregation of two or more operating interests can be valid even if it is done solely to reduce income taxes.

U.S. and other Developed Countries International Tax Meaning

This term is used, in an international context, to denote the adding together of the individual's income from all (taxable) sources in order to determine, in the case of that individual, the applicable tax rate for income tax purposes.

See State Income Tax in the American Encyclopedia of Law.

See Dividend in the American Legal Encyclopedia and Dividend in the World Legal Encyclopedia.

See Tax Rate and Tax Rate.


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