kiddie tax
Slang. A federal tax imposed on a child’s unearned income (above an exempt
amount) at the parents’ tax rate if the parents’ rate is higher and if the child is under 14 years old. — Also termed child’s income tax.
[Blacks Law 8th]
Slang. A federal tax imposed on a child’s unearned income (above an exempt
amount) at the parents’ tax rate if the parents’ rate is higher and if the child is under 14 years old. — Also termed child’s income tax.
[Blacks Law 8th]