tax base

noun

: the wealth (such as real estate or income) within a jurisdiction that is liable to taxation

Examples of tax base in a Sentence

an area with a large tax base

Recent Examples on the Web

And there’s an ironic twist: As Europe’s population ages, many countries need immigrant workers to provide the tax base to pay for government services and sustain growth. —Ned Temko, The Christian Science Monitor, 19 Sep. 2024

By reducing payroll taxes and replacing that revenue with a carbon tax, Social Security would get a broader tax base, and low-income workers would be shielded from the otherwise regressive impact of a naked carbon tax. —Bob Inglis, Forbes, 5 Sep. 2024

People may leave the affected area, shrinking the tax base and drying up municipal budgets. —Zoë Schlanger, The Atlantic, 22 Aug. 2024

During its campaign, Renew Baltimore argued that the cut would attract more residents and businesses to the city, increasing its tax base and offsetting the hit to city revenue. —Dillon Mullan, Baltimore Sun, 16 July 2024

Word History

First Known Use

circa 1943, in the meaning defined above

Legal Definition

tax base

noun

1

: a sum (as the total assessed valuation of property in a county) used as the basis of taxation

2

: the source of tax revenue for a governmental body

change the tax base of a school district to reduce the property tax burden