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Definitions from WordNet

Definitions from the Web

Tax-Increase

Description:

Tax-Increase refers to the act of raising the tax rates or burden on individuals, businesses, or specific goods and services. It involves the government increasing the percentage or amount of tax that individuals or entities must pay.

Part of Speech:

Noun

Senses:

• Sense 1: An act of increasing tax rates.
• Sense 2: The amount by which taxes are increased.

Usages:

Popular Usage:

During times of economic crisis, governments often consider tax-increases to generate additional revenue.

Local Usage:

In the small town of Willow Creek, residents voted against a tax-increase that would have funded improvements to local schools.

Sample Sentences:

1. Due to budget deficits, the government imposed a tax-increase on luxury goods.
2. The tax-increase on tobacco products was implemented to discourage smoking.
3. Businesses are concerned that the tax-increase will negatively impact their profitability.
4. The mayor campaigned against the proposed tax-increase, promising to find alternative solutions to fund infrastructure projects.

Related Products:

Find books related to taxes and tax-increases on Amazon.