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A 'reasonable person' is a legal fiction I'm pretty sure I've never met.
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Legal Definitions - premium tax
If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
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Definition of premium tax
Definition: A premium tax is a monetary charge imposed by the government on persons, entities, transactions, or property to yield public revenue. It is a type of tax that is paid by insurance companies on the premiums they collect from policyholders.
For example, if an insurance company collects $100 in premiums from a policyholder, they may be required to pay a premium tax of 2% to the government. This means they would have to pay $2 in taxes on that $100 premium.
Premium taxes are a way for governments to generate revenue from the insurance industry. They are typically calculated as a percentage of the premiums collected by insurance companies and can vary depending on the type of insurance and the jurisdiction in which the policy is issued.
Injustice anywhere is a threat to justice everywhere.
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Simple Definition
A premium tax is a type of tax that the government charges on insurance premiums. A tax is a fee that the government collects from people, businesses, or property to raise money for public needs. Taxes can be paid in different ways, not just with money. A tax that has been incurred but not yet paid is called an accrued tax. An accumulated-earnings tax is a penalty tax imposed on a corporation that has retained its earnings to avoid paying income tax. An admission tax is a tax that is included in the price of admission to a particular event.
Law school: Where you spend three years learning to think like a lawyer, then a lifetime trying to think like a human again.
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