tax burden


The amount of income, property, or sales tax levied on an individual or business. Tax burdens vary depending on a number of factors including income level, jurisdiction, and current tax rates. Income tax burdens are typically satisfied by deductions from an individual's paycheck each time he or she is paid. Depending on the amount of allowances claimed by the individual, a tax burden may exceed the total amount of money deducted during the taxable period.

Use tax burden in a sentence

I did not want the tax burden, so I decided to not get a job and just live outside for the rest of my life.

​ Was this Helpful? YES  NO 7 people found this helpful.

The tax burden was significant as the chief executive officer claimed to be be experiencing double or triple taxation in the regular course of business.

​ Was this Helpful? YES  NO 6 people found this helpful.

Reducing the tax burden on businesses or individuals while simulatenously holding government expenditures constant can be a effective way to fight economic downturns.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
tax evasion Accelerated Depreciation