tax base
nounDefinition of tax base
: the wealth (such as real estate or income) within a jurisdiction that is liable to taxation
Examples of tax base in a Sentence
an area with a large tax base
Recent Examples on the Web
District law requires companies with large public contracts to subcontract some work to small local businesses to create new jobs, expand the tax base and grow the local economy. — Steve Thompson, Washington Post, "The little firm that got a big chunk of D.C.’s lottery and sports gambling contract has no employees.," 28 Aug. 2019 That triggers a directive to the Hamilton County auditor to certify how much money would be generated annually by the levy, based on the valuation of the school district’s tax base in Anderson Township and Newtown. — Jeanne Houck, Cincinnati.com, "Forest Hills' fiscal stewardship under fire in school levy push," 26 June 2019 The village will look for ways to expand its tax base, create greater housing diversity, open space and recreational opportunities and develop its primary corridors. — Michelle Mullins, Daily Southtown, "Homer Glen to seek resident input as it updates comprehensive plan originally adopted in 2005," 10 June 2019 Large commercial properties often remain under one owner for decades, meaning that some are still taxed based on 1970s assessments. — John Wildermuth, SFChronicle.com, "Prop. 13 reform measure pushed aside — backers seek new tax plan for businesses," 13 Aug. 2019 But Fowler says the preferred choice will be expanding the country’s tax base rather than increasing existing VAT. — Yomi Kazeem, Quartz Africa, "Nigeria wants to start charging a tax on local online purchases," 5 Aug. 2019 Property taxes to fund education have been attacked by both small-government conservatives and by liberals who note the wide disparity in tax bases in wealthy and poorer communities. — Robert Gebeloff, New York Times, "The Numbers That Explain Why Teachers Are in Revolt," 4 June 2018 Especially after the recession, the city really did lose a lot of its tax base and people not only lost their jobs like so many others across the country, but also lost their homes. — Mahita Gajanan, Time, "Long Before Trump's Tweets, Baltimore Had Become a 'Target.' Here's How Segregation Helped Create Its Problems," 29 July 2019 But that's harder for rural districts, where the tax base is usually much smaller than a suburban district like Mesa, which has tens of thousands of taxpayers. — Lily Altavena, azcentral, "Squeezed by declining enrollment, Arizona's rural schools are suffering," 12 June 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tax base.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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