annualized tax
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 3402 — under this chapter (5 versions over time)
For purposes of paragraph (1), the term “annualized tax” means, with respect to any payment, the amount of tax which would be imposed by section 1(c) 1 (determined without regard to any rate of tax in excess of the fourth lowest rate of tax applicable under section 1(c) 1 ) on an amount of taxable income equal to the excess of—
(A) the annualized amount of such payment, over
(B) the amount determined under paragraph (2).