When the controlling interest of a corporation is taken over by a new company.
Takeovers can be friendly or hostile.
I tis expressed as a percentage to be applied to each additional dollar earned over the base amount for that bracket. Taxes postponed until a later date. Pretax money invested in IRAs and other qualified pension plans grows on a tax-deferred basis. Your earnings are not completely taxfree, because you will pay taxes when you start withdrawing money from the plan. An investment that allows one to realize tax benefits by reducing or deferring taxable income.