business tax

Company revenue charge

A business tax is any tax levied on commercial enterprises rather than individuals—including corporate income tax, franchise tax, and various state and local assessments.

The term often appears in political discourse about economic policy: The candidate promised to cut business taxes to attract new employers.

Distinguished from personal income tax, though sole proprietors may pay both.

Opposites
tax subject/payer type

business taxpersonal income tax

Tax on individual earnings

personal tax · household tax · consumer tax · sales tax · estate tax

fiscal policy direction

business taxtax credit

Direct reduction of liability

corporate welfare · government grant · tax break · tax abatement · small business loan

tax exemption status

business taxtax exemption

Freedom from governmental levies

tax-exempt status · tax holiday · tax incentive · tax abatement · tax relief

Family

business

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Negative · Everyday, not technical · Rated G