throwout

Noun

throwout (countable and uncountable, plural throwouts)

1. A folded sheet that opens out to one side; half a gatefold.
2. (rare) One who has been rejected by society; an outcast.
   • The first category were throwouts of the Police Reserve and the prisons organization who avenged themselves on these bodies that had rejected them by inventing and spreading accusations of malpractices.1963, Fred Majdalany, State of Emergency: The Full Story of Mau Mau, page 228
3. (US) A practice to avoid untaxed nowhere income by instead assuming the untaxed transaction is taxed in the originating state in a notional proportion to other taxable transactions.
   • Alternatively, the throwout rule, adopted by only a few states, eliminates or “throws out” sales from the denominator of the apportionment factor when sales are not taxable in the destination state.2005, LeAnn Luna, “Throwback rules, multistate corporations”, in Joseph J. Cordes, Robert D. Ebel, Jane G. Gravelle, editors, The Encyclopedia of Taxation & Tax Policy (Second Edition), The Urban...
   • The effect of the throwback rule is to distribute income according to sales in the origin state. The effect of the throwout rule is to distribute income according to the taxpayer’s overall activities as measured by the other apportionment factors.2006, Joann Martens-Weiner, chapter 4, in Company Tax Reform in the European Union: Guidance from the United States and Canada on Implementing Formulary Apportionment in the EU, Springer...