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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebTax LiabilityNoun – The amount of money a person or entity owes to the government as taxes. Example sentence: The accountant advised us to minimize our tax liability by taking advantage of all available deductions and credits. Noun – The legal responsibility to pay taxes, based on one's income, assets, or other taxable factors. Example sentence: The successful business owner could not evade his tax liability and had to settle his outstanding dues with the government. Noun – The overall tax obligation of a government, typically assessed on the citizens and businesses within its jurisdiction. Example sentence: The economic crisis increased the country's tax liability, leading to higher tax rates for its citizens. Related products on Amazon: | ||||
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