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TeachMeFinance.com - explain Tax-cost Tax-cost The term 'Tax-cost' as it applies to the area of energy can be defined as ' A deduction (allowance) under U.S.Federal income taxation normally calculated under a formula whereby the adjusted basis of the mineral property is multiplied by a fraction, the numerator of which is the number of units of minerals sold during the tax year and the denominator of which is the estimated number of units of unextracted minerals remaining at the end of the tax year plus the number of units of minerals sold during the tax year'. Previous 5 Terms: Taxable Payroll Taxable Self-Employment Income Taxable Wages taxaceous Taxation Of Benefits Next 5 Terms: taxidermy taximeter Taylor Grazing Act of 1934 (TGA) tayra TCDD About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.