tax bite
What withholding takes
Tax bite is the portion of income or assets taken by taxation, typically implying it's substantial or painful: The tax bite on my bonus was brutal.
The metaphor suggests taxes consuming part of what you've earned, like an animal taking a bite from prey.
Often appears in discussions of investment returns or salary negotiations where taxes significantly reduce the net amount.
- withholdingKeeping from another
- paycheck deductionAmount removed from wages
- untaxedExempt from government levies
- revenueBusiness income total
- levyCompulsory government charge
purchasing power · take · toll · tariff · excise · assessment · duty · imposition · liability · consumer spending · fiscal policy · wealth redistribution · deductions · cost of living · corporate profits · exemptions · credits · economic growth
tax bitetake-home pay
Earnings after withholdings
net income · after-tax income · disposable income · net earnings · retained earnings
tax bitetax refund
Returned excess withholding
tax break · tax relief · government subsidy · tax credit · tax rebate
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