{"id":617,"date":"2023-06-08T05:52:23","date_gmt":"2023-06-08T05:52:23","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=617"},"modified":"2024-09-30T06:27:22","modified_gmt":"2024-09-30T06:27:22","slug":"what-is-meant-by-net-proceeds-in-taxation","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/","title":{"rendered":"What is meant by net proceeds in taxation?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"103\" height=\"49\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 103px) 100vw, 103px\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/net-proceed.jpg\" alt=\"&quot;&lt;\/p\" width=\"237\" height=\"145\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/#What_is_meant_by_net_proceeds_in_taxation\" >What is meant by net proceeds in taxation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/#1_Gross_Proceeds_vs_Net_Proceeds\" >1. Gross Proceeds vs. Net Proceeds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/#2_Significance_of_Net_Proceeds_in_Taxation\" >2. Significance of Net Proceeds in Taxation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/#3_How_Net_Proceeds_are_Calculated\" >3. How Net Proceeds are Calculated<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/#4_Net_Proceeds_in_Different_Tax_Scenarios\" >4. Net Proceeds in Different Tax Scenarios<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/#5_Challenges_and_Considerations_in_Calculating_Net_Proceeds\" >5. Challenges and Considerations in Calculating Net Proceeds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/#FAQs\" >FAQs:<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_meant_by_net_proceeds_in_taxation\"><\/span>What is meant by net proceeds in taxation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"relative flex h-full w-full overflow-hidden transition-colors z-0\">\n<div class=\"relative flex h-full max-w-full flex-1 flex-col overflow-hidden\">\n<p>&nbsp;<\/p>\n<div class=\"composer-parent flex h-full flex-col focus-visible:outline-0\" tabindex=\"0\" role=\"presentation\">\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"h-full\">\n<div class=\"react-scroll-to-bottom--css-tmpes-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-tmpes-1n7m0yu\">\n<div class=\"flex flex-col text-sm md:pb-9\">\n<article class=\"w-full text-token-text-primary focus-visible:outline-2 focus-visible:outline-offset-[-4px]\" dir=\"auto\" data-testid=\"conversation-turn-7\" data-scroll-anchor=\"true\">\n<div class=\"text-base py-[18px] px-3 md:px-4 m-auto w-full md:px-5 lg:px-4 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-4 text-base md:gap-5 lg:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"e837c5fc-0626-4731-893f-3816518f67d6\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>In taxation, the term &#8220;net proceeds&#8221; refers to the amount of money left after all allowable deductions, expenses, and costs have been subtracted from the total gross income or gross proceeds. The concept of net proceeds is essential for both individuals and businesses because it determines the actual amount that is subject to taxation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Gross_Proceeds_vs_Net_Proceeds\"><\/span>1. <strong>Gross Proceeds vs. Net Proceeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The difference between gross and net proceeds is central to understanding the taxation process.<\/p>\n<ul>\n<li><strong>Gross Proceeds<\/strong>: This represents the total amount of revenue or income generated from a transaction before any deductions. For example, if a business sells goods worth $100,000, this amount represents the gross proceeds from the sale.<\/li>\n<li><strong>Net Proceeds<\/strong>: This is the amount remaining after all relevant expenses or costs associated with the transaction have been deducted. If the same business had $30,000 in expenses related to production and sales, the net proceeds would be $70,000 ($100,000 &#8211; $30,000).<\/li>\n<\/ul>\n<p>In taxation, net proceeds are often the focus because they more accurately represent the actual profit or income earned, as opposed to gross proceeds, which do not account for expenses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Significance_of_Net_Proceeds_in_Taxation\"><\/span>2. <strong>Significance of Net Proceeds in Taxation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The concept of net proceeds is significant because taxes are typically calculate on a taxpayer&#8217;s or business&#8217;s &#8220;net income&#8221; rather than gross income. Here\u2019s why it matters:<\/p>\n<ul>\n<li><strong>Accurate Taxation<\/strong>: Net proceeds ensure that a business or individual is tax based on the actual amount earned after necessary expenses have been covered. This prevents over-taxation on income that has been used to cover operational or investment costs.<\/li>\n<li><strong>Encourages Business Investment<\/strong>: By allowing businesses to deduct expenses from their gross income, the tax system encourages them to invest in growth, such as by purchasing equipment, expanding operations, or hiring more employees. These deductions ultimately reduce the taxable amount, making it financially feasible for businesses to reinvest.<\/li>\n<li><strong>Fairness in Taxation<\/strong>: Taxing only the net proceeds is a fair approach, as it ensures that taxpayers are not penalized for their costs or expenses. This principle applies to both businesses and individuals, ensuring that they are taxed only on the portion of income that they have after covering necessary expenses.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"3_How_Net_Proceeds_are_Calculated\"><\/span>3. <strong>How Net Proceeds are Calculated<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Calculating net proceeds requires identifying all allowable deductions and subtracting them from the gross proceeds. These deductions can vary depending on the tax laws of the jurisdiction and the type of income or transaction involved. Some common deductions include:<\/p>\n<ul>\n<li><strong>Operating Expenses<\/strong>: For businesses, these can include rent, salaries, utilities, and other costs necessary to run the business.<\/li>\n<li><strong>Cost of Goods Sold (COGS)<\/strong>: The cost of raw materials, manufacturing, or purchasing the goods sold by a business is deducted from sales revenue to calculate the net proceeds.<\/li>\n<li><strong>Brokerage Fees or Commissions<\/strong>: When selling an asset, such as stocks or real estate, any fees paid to brokers or agents are deducted to calculate the net proceeds.<\/li>\n<li><strong>Capital Improvements or Repairs<\/strong>: For individuals selling property, any improvements or repairs made to the asset may be deductible from the sale price to determine the net proceeds.<\/li>\n<li><strong>Loan Repayments or Interest<\/strong>: If the income from a transaction is used to pay off loans or interest, those payments may be deductible in some cases.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"4_Net_Proceeds_in_Different_Tax_Scenarios\"><\/span>4. <strong>Net Proceeds in Different Tax Scenarios<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The concept of net proceeds applies in several different tax scenarios, including:<\/p>\n<ul>\n<li><strong>Business Income Taxation<\/strong>: Businesses often report their net proceeds, also refer to as net income, after accounting for operational costs, COGS, and other deductible expenses. This net income is what is taxed by the government.<\/li>\n<li><strong>Capital Gains Tax<\/strong>: When an individual or business sells a capital asset (e.g., real estate, stocks), the capital gains tax is\u00a0 on the net proceeds from the sale, which is the difference between the selling price and the original purchase price.<\/li>\n<li>After deducting any associated sale costs or capital improvements.<\/li>\n<li><strong>Charitable Donations<\/strong>: In some cases, if an individual donates a portion of their net proceeds from the sale of an asset to charity, they may be eligible for tax deductions on the donated amount.<\/li>\n<li><strong>Loan Repayment<\/strong>: For taxpayers who take loans against their assets.<\/li>\n<li>The repayment may affect the calculation of net proceeds in the sale of those assets, particularly if loan interest is deductible under tax laws.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"5_Challenges_and_Considerations_in_Calculating_Net_Proceeds\"><\/span>5. <strong>Challenges and Considerations in Calculating Net Proceeds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While the concept of net proceeds is straightforward, calculating it can be complex.<\/p>\n<p>Especially when dealing with large transactions, numerous expenses, or various deductions. Some challenges include:<\/p>\n<ul>\n<li><strong>Identifying Allowable Deductions<\/strong>: Not all expenses are deductible. Tax laws often specify what qualifies as a legitimate deduction, and failing to adhere to these rules can lead to audits or penalties.<\/li>\n<li><strong>Documentation<\/strong>: Taxpayers must keep detail records of all expenses relate to a transaction to claim deductions. Missing or incomplete documentation may disqualify certain deductions, leading to a higher tax liability.<\/li>\n<li><strong>Varying Tax Rules<\/strong>: Different jurisdictions may have different rules on what expenses are deductible, affecting the calculation of net proceeds.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"relative flex h-full w-full overflow-hidden transition-colors z-0\">\n<div class=\"relative flex h-full max-w-full flex-1 flex-col overflow-hidden\">\n<div class=\"composer-parent flex h-full flex-col focus-visible:outline-0\" tabindex=\"0\" role=\"presentation\">\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"h-full\">\n<div class=\"react-scroll-to-bottom--css-tmpes-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-tmpes-1n7m0yu\">\n<div class=\"flex flex-col text-sm md:pb-9\">\n<article class=\"w-full text-token-text-primary focus-visible:outline-2 focus-visible:outline-offset-[-4px]\" dir=\"auto\" data-testid=\"conversation-turn-3\" data-scroll-anchor=\"true\">\n<div class=\"text-base py-[18px] px-3 md:px-4 m-auto w-full md:px-5 lg:px-4 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-4 text-base md:gap-5 lg:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"6f0a9aa4-fcaf-4cd0-ba5a-dddccb7329a8\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<ol>\n<li><strong>What are net proceeds in taxation?<\/strong>\n<ul>\n<li>Net proceeds refer to the amount left after all deductions (e.g., expenses, fees, or taxes) are subtract from the gross proceeds of a transaction.<\/li>\n<\/ul>\n<\/li>\n<li><strong>How are net proceeds calculated?<\/strong>\n<ul>\n<li>Net proceeds = Gross proceeds \u2013 applicable expenses (such as fees, commissions, or costs related to the transaction).<\/li>\n<\/ul>\n<\/li>\n<li><strong>Are net proceeds taxable?<\/strong>\n<ul>\n<li>Yes, net proceeds are taxable and are generally use as the basis for calculating capital gains or other tax liabilities.<\/li>\n<\/ul>\n<\/li>\n<li><strong>What is the difference between gross and net proceeds?<\/strong>\n<ul>\n<li>Gross proceeds are the total revenue from a transaction before deductions.<\/li>\n<li>While net proceeds are the amount remaining after all deductions.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Can tax deductions affect net proceeds?<\/strong>\n<ul>\n<li>Yes, allowable deductions, such as transaction fees or cost of sale, reduce the gross proceeds to determine the net proceeds.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Do net proceeds include sales tax?<\/strong>\n<ul>\n<li>No, sales tax is generally exclude from net proceeds, as it is collected on behalf of the government.<\/li>\n<\/ul>\n<\/li>\n<li><strong>What expenses are typically deducted to calculate net proceeds?<\/strong>\n<ul>\n<li>Common deductions include broker fees, legal fees, administrative costs, and selling commissions.<\/li>\n<\/ul>\n<\/li>\n<li><strong>How are net proceeds reported for tax purposes?<\/strong>\n<ul>\n<li>Net proceeds are usually report on tax forms such as Schedule D for capital gains or losses.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Do net proceeds apply to both individuals and businesses?<\/strong>\n<ul>\n<li>Yes, both individuals and businesses calculate net proceeds for tax reporting when selling assets or conducting transactions.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Are net proceeds relevant for all types of taxes?<\/strong><\/li>\n<\/ol>\n<ul>\n<li>Net proceeds are particularly relevant for capital gains tax.<\/li>\n<li>But they can also apply in other contexts, such as income tax from business sales.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mb-2 flex gap-3 empty:hidden -ml-2\">\n<div class=\"items-center justify-start rounded-xl p-1 flex\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<p><strong>To visit <a href=\"https:\/\/www.gst.gov.in\/\">https:\/\/www.gst.gov.in\/<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/06\/net.webp\" alt=\"&quot;&lt;\/p\" width=\"225\" height=\"202\" \/><\/p>\n<p><strong>For further details access our website <a href=\"https:\/\/vibrantfinserv.com\/\">https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is meant by net proceeds in taxation &nbsp; In taxation, the term &#8220;net proceeds&#8221; refers to the amount of money left after all allowable deductions, expenses, and costs have been subtracted from the total gross income or gross proceeds. The concept of net proceeds is essential for both individuals and businesses because it determines\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/what-is-meant-by-net-proceeds-in-taxation\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":4484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1459],"tags":[47579,47567,47591,47552,47572,47578,47555,47548,47566,47590,47559,47594,41871,40503,47584,2629,47569,40220,4808,20571,20655,40600,42410,1567,24405,20076,20641,2039,19453,47582,19456,20642,23674,20661,47547,47553,47565,29298,47575,1218,47592,47571,1999,1852,47585,29304,47556,47574,47561,47587,47546,47563,5140,47570,29293,29312,47545,47558,47581,47551,30915,22576,47589,47059,47583,39480,22594,21092,21726,37703,47593,47549,23816,47564,39460,314,6705,23734,47568,17101,47576,21574,47554,47577,6704,47586,47550,21722,47573,47557,47580,47562,47588,37710,16278,47560,1643,44716,40582,40493,22896],"class_list":["post-617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-account-finance","tag-aftertaxclarity","tag-aftertaxearnings","tag-aftertaxearningsexplained","tag-aftertaxprofit","tag-aftertaxprofitability","tag-cleareconomics","tag-clearfinance","tag-clearingconfusion","tag-clearingfinancialterms","tag-clearingtaxconfusion","tag-economicclarity","tag-economicclarity101","tag-economicliteracy","tag-economicunderstanding","tag-economicunderstanding101","tag-financialclarity","tag-financialclarity101","tag-financialdefinitions","tag-financialeducation","tag-financialiq","tag-financialjargon","tag-financiallanguage","tag-financiallingo","tag-financialliteracy","tag-financialmastery","tag-financialminds","tag-financialterminology","tag-financialterms","tag-financialunderstanding","tag-financialvocab","tag-financialvocabulary","tag-fiscalclarity","tag-fiscalsavvy","tag-fiscalunderstanding","tag-incomeaftertax","tag-incomeclarity","tag-incomenet","tag-netearnings","tag-netearningsexplained","tag-netincome","tag-netincomedemystified","tag-netincomeexplained","tag-netproceeds","tag-netprofit","tag-netprofitdefined","tag-netrevenue","tag-posttaxincome","tag-posttaxprofitability","tag-posttaxrevenue","tag-posttaxrevenueexplained","tag-profitaftertax","tag-profitaftertaxes","tag-profitanalysis","tag-profitclarity","tag-profitinsights","tag-profitunderstanding","tag-revenueaftertax","tag-revenueaftertaxes","tag-revenuebreakdown","tag-revenueclarity","tag-revenueinsights","tag-taxation101","tag-taxation101explained","tag-taxationdecoded","tag-taxationdeconstructed","tag-taxationdemystified","tag-taxationexplained","tag-taxationknowledge","tag-taxationsimplified","tag-taxationterms","tag-taxationwisdom","tag-taxbasics","tag-taxbreakdown","tag-taxconcept","tag-taxconcepts","tag-taxdeductions","tag-taxeducation","tag-taxeducation101","tag-taxexplained","tag-taxguidance","tag-taxguidance101","tag-taxinsights","tag-taxjargon","tag-taxjargonbuster","tag-taxknowledge","tag-taxlanguage","tag-taxlingo","tag-taxsavvy","tag-taxsavvy101","tag-taxsimplified","tag-taxsimplified101","tag-taxspeak","tag-taxspeak101","tag-taxterminology","tag-taxunderstanding","tag-taxwordplay","tag-totalrevenue","tag-understandingincome","tag-understandingprofits","tag-understandingtax","tag-understandingtaxation"],"yoast_head":"<!-- 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