Daily Almanac for
Nov 30, 2009
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tax-ex•empt



Pronunciation: (taks'ig-zempt"), [key]
—adj.
1. not subject or liable to taxation: tax-exempt imports.
2. providing income that is not taxable: tax-exempt municipal bonds.

—n.
a tax-exempt security.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

tax evasiontax exile
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