The phrase "assumed tax" is correct and usable in written English.
It can be used in contexts related to finance, accounting, or taxation where a tax amount is estimated or presumed based on certain criteria.
Example: "The accountant calculated the assumed tax for the upcoming fiscal year based on previous earnings."
Alternatives: "estimated tax" or "projected tax".
The partnership is understood to have paid less than the actual value of the inventory, but with the purchase it assumed tax obligations that, Mr. Acquavella said, will consume "about 46percentt" of every sales dollar.
As chairman of the Budget Committee, Mr. Ryan never assumed tax extenders would be a permanent part of the tax code -- otherwise he would never have been able to say he balanced the budget in 10 years.
At the CBO's assumed tax take of 19.1%, the present value of future federal revenues is $608 trillion.
At a conservative eight times economic net income, less assumed tax, this revenue line would be worth a bit over $3 billion.
That involves an assumed tax increase of $3.5 trillion over the next 10 years, the largest in American history.
It puts $4,840 back in Ms. Early-Saver's pocket each year through tax deductions for contributing to a 401(k) and Health Savings Account ($22,000 x 22% assumed tax rate = $4,840 less owed to the IRS in taxes).
Privately, the Labour leadership had assumed taxes would have to rise to pay for the increased demands on the NHS – well beyond the Mansion Tax that it proposed.
Each founder sold 16 million shares in the IPO, likely netting $200 million a piece after assumed taxes.
Fossil fuel companies, Mr. Kennedy said, "assume tax credits and subsidies as permanent and given".
But polls have traditionally shown that most Americans instinctively assume tax cuts go to the rich instead of to them.
The net income from a pretax I.R.A. and the after-tax contribution to a Roth are the same (assuming tax rates remain unchanged over time).
