Taxpayer Bill Of Rights (TABOR)

AAA

DEFINITION of 'Taxpayer Bill Of Rights (TABOR)'

A measure created by conservative and libertarian groups that seeks to limit the growth of government and to police the actions of the Internal Revenue Service (IRS). The Taxpayer Bill of Rights (TABOR) was born out of years of taxpayer complaints about harassment and abuse of power by the IRS. TABOR also mandates that increases in tax revenue must be reasonably tied to increases in such factors as inflation and population.

INVESTOPEDIA EXPLAINS 'Taxpayer Bill Of Rights (TABOR)'

The Taxpayer Bill of Rights is part of the Internal Revenue Code. TABOR ensures that the IRS does not abuse its power, particularly in the audit process. It places the burden of proof upon the IRS to make a case against a taxpayer when that taxpayer is able to furnish credible evidence, as requested.

RELATED TERMS
  1. IRS Publication 1

    A document published by the Internal Revenue Service that identifies ...
  2. Taxpayer Advocate Service

    An independent organization within the Internal Revenue Service ...
  3. Effective Tax Rate

    The average rate at which an individual or corporation is taxed. ...
  4. Income Tax

    A tax that governments impose on financial income generated by ...
  5. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  6. Eurasian Economic Union (EEU)

    An economic union created in 2014 by a treaty signed by Russia, ...
Related Articles
  1. Getting A Job As The Tax Man
    Insurance

    Getting A Job As The Tax Man

  2. Surviving The IRS Audit
    Taxes

    Surviving The IRS Audit

  3. Avoid An Audit: 6
    Retirement

    Avoid An Audit: 6 "Red Flags" You Should ...

  4. Top 6 U.S. Government Financial Bailouts
    Insurance

    Top 6 U.S. Government Financial Bailouts

comments powered by Disqus
Hot Definitions
  1. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  2. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer ...
Trading Center