tax base

Definitions of "tax base"
  1. A figure, such as the total assessed value of property within a specific area, which serves as the foundation for tax calculations
  2. The origin of tax income for a state or local government
How to use "tax base" in a sentence
  1. The city increased property taxes due to a significant reduction in its tax base.
  2. The tax base of a state often includes different sources, such as income tax, property tax, and sales tax.
  3. A strong economy can lead to a widening tax base, providing government with more revenue to fund public services.

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