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What does the phrase safe harbor mean?


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Answered 2014-01-02 18:53:12

It means people won't mess with you in that specified location.

In a legal sense, it refers to a situation where you are immune from liability. For example, if you withhold taxes from your paycheck equal to what you owed last year, then you are in a "safe harbor" from estimated tax penalties, even if you underpay.

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