after-tax income
Defined in 1 place of the United States Code.
The term “after-tax income” means, with respect to any taxable year, the gross income of the welfare benefit fund reduced by the sum of—
(i) the deductions allowed by this chapter which are directly connected with the production of such gross income, and
(ii) the tax imposed by this chapter on the fund for the taxable year.
Source
- 1994–present26 U.S.C. § 419Internal Revenue Code · Treatment of funded welfare benefit plans · for purposes of this section