Definition of «tax burden»

The term "tax burden" refers to the total amount of taxes that individuals or businesses are required to pay in a particular jurisdiction. It is often used as a measure of the financial impact of taxation on households, companies and other entities within an economy. The tax burden can vary depending on factors such as income level, type of tax, and the overall economic climate. In general, a high tax burden means that individuals or businesses are paying more in taxes relative to their income or profits, while a low tax burden indicates lower levels of taxation. The concept of tax burden is often used by policymakers and economists to analyze the distribution of the tax load within society, as well as to assess the impact of tax policies on economic growth and development.

Sentences with «tax burden»

  • While this freeze is in place, government officials will be reviewing how the high property tax burden on these buildings affects rental market affordability. (moneysense.ca)
  • But can you suggest how do I achieve my short term goal within this money so I am saving also for my goal and reducing tax burdens also with it? (relakhs.com)
  • Before you make a move, it pays to assess the overall tax burden of your future home. (kiplinger.com)
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