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 So do his promises of boosting pensions and relieving the tax burden. Dominique Soguel, The Christian Science Monitor, 8 Mar. 2024 To avoid that hit, complete a Qualified Domestic Relations Order, which delivers the funds to the spouse and lifts the tax burden. More of your 2024 tax season questions answered New Federal tax brackets for 2023-2024. USA TODAY, 11 Jan. 2024 Feel free to make contributions to both your traditional 401(k) and Roth 401(k) to diversify your current and future tax burden. The Enquirer, 23 Feb. 2024 The tax burden on individuals who make less than $340,000 per year would not change, and the 80% of households that make less than $165,000 would actually see an average tax cut of $149, according to the advocates. Sam Janesch, Baltimore Sun, 25 Jan. 2024 How to reduce your tax burden on a year-end bonus Tax experts recommend several other strategies for reducing your tax burden on a year-end bonus. Daniel De Visé, USA TODAY, 22 Jan. 2024 From 1986 to 1991, construction of the Metro Green Line tore up U Street and the sidewalks around Ben’s, dropping sales to as little as $100 a day while nearly quadrupling the family’s tax burden. Tim Carman, Washington Post, 15 Feb. 2024 As a share of family income, the total tax burden in Texas falls heaviest on the lowest-income households — 12.8% of family income for those earning $21,700 or less — and lightest on the wealthiest — 4.6% of family income on the top 1%, earning $744,800 or more. Michael Hiltzik, Los Angeles Times, 14 Feb. 2024 The tax burden refers to the property individual income, sales and excise tax as a share of personal income. Lindsey Holden, Sacramento Bee, 13 Feb. 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 28 Mar. 2024.

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