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Definitions from WordNet | ||||
Definitions from the WebTax BaseNoun: 1. The total amount of economic activity subject to taxation within a particular jurisdiction. Example Sentence: The government is considering widening the tax base to include additional sources of revenue. Related Products: Tax Planning Books Noun: 2. The assessed value of all taxable property, assets, and income within a given area by which taxes are calculated. Example Sentence: The local municipality increased the tax base, resulting in higher property tax bills for homeowners. Related Products: Tax Software | ||||
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