tax burden

noun

: responsibility for paying a greater portion of taxes
The tax burden has been falling increasingly on the middle class.

Examples of tax burden in a Sentence

Recent Examples on the Web Exemptions for homes used as primary residences can shift a greater tax burden to rental properties and businesses. Amanda Gerut, Fortune, 2 June 2024 According to data by the Tax Foundation’s State and Local Tax Burdens for 2022, Wyoming has the second lowest tax burden overall, after Alaska, with an effective tax rate of 7.5 percent and a general cost of living seven percent lower than the national average. Dobrina Zhekova, Travel + Leisure, 30 May 2024 All other things being equal, the fewer workers there are relative to the rest of the population, the higher the tax burden on each person who does work, and the lower the per capita output. Prarthana Prakash, Fortune Europe, 29 May 2024 The financial services firm found California ranks 37th in the quality of state and local services and last in the country in per capita tax burden. Andrew Sheeler, Sacramento Bee, 29 May 2024 The thesis of the report is that for lower-income households, California’s tax burden is similar to that of states against which California competes, chiefly Texas and Florida. Robert Gutierrez, Orange County Register, 25 May 2024 Don’t: Forget to pay taxes on interest For most of the last decade or so, CD rates were at rock-bottom lows and the tax burden for CD interest was minimal. Nerdwallet, The Mercury News, 20 May 2024 My top issue is maintaining a budget that provides the first-tier services and amenities residents expect, without increasing the tax burden. Eleanor Dearman, Fort Worth Star-Telegram, 21 Apr. 2024 The tax burden is lowest in Alaska, which has no state income tax and whose sales and excise taxes rank 46th. Andrew Sheeler, Sacramento Bee, 8 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax burden.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near tax burden

Cite this Entry

“Tax burden.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20burden. Accessed 15 Jun. 2024.

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