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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
See all Example Sentences for tax base
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax base.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
circa 1943, in the meaning defined above
Dictionary Entries Near tax base
Cite this Entry
“Tax base.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20base. Accessed 5 Oct. 2024.
Legal Definition
tax base
noun1
: 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
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