tax burden
What taxpayers shoulder
Tax burden is the total amount of taxes paid by an individual, household, or business relative to their income or resources.
The term often carries a negative connotation, implying taxes are heavy or oppressive: The new legislation would shift the tax burden from corporations to middle-class families.
Economists use it neutrally to compare how taxes fall across income levels or sectors.
Business income total
- treasuryStored organizational funds
- fiscal policyState spending and taxation
- budgetPlan for spending
- taxation lawsRules for collecting levies
national debt · public services · infrastructure · defense spending · social security · education funding · government spending · entitlements
Compensation for labor
- deductionsConclusions from reasoning
- take-home payEarnings after withholdings
- net incomeProfit after all deductions
- disposable incomeEarnings minus essential costs
withholding · standard deduction · itemized deductions · exemptions · credits · filing status · gross pay · adjustments
Required task or commitment
- liabilityLegal or financial obligation
- encumbranceHindrance or legal claim
- strainExcessive stretching force
- loadCarried weight or burden
onus · imposition · hardship · pressure · crushing · heavy · crippling · excessive
Rate increase with income
- regressivityDisproportionate burden on poor
- double taxationRevenue assessed twice
- bracket creepInflation-driven tax increase
revenue
Business income total
- treasuryStored organizational funds
- fiscal policyState spending and taxation
- budgetPlan for spending
taxation laws · national debt · public services · infrastructure · defense spending · social security · education funding · government spending · entitlements · appropriations
paycheck
Compensation for labor
- deductionsConclusions from reasoning
- take-home payEarnings after withholdings
- net incomeProfit after all deductions
disposable income · withholding · standard deduction · itemized deductions · exemptions · credits · filing status · gross pay · adjustments · W-2
obligation
Required task or commitment
- liabilityLegal or financial obligation
- encumbranceHindrance or legal claim
- strainExcessive stretching force
load · onus · imposition · hardship · pressure · crushing · heavy · crippling · excessive · unfair
progressivity
Rate increase with income
- regressivityDisproportionate burden on poor
- double taxationRevenue assessed twice
- bracket creepInflation-driven tax increase
- personal financesavings, income, credit, investments, bills
- French RevolutionBastille, guillotine, Robespierre, French Revolution, Marie Antoinette
- taxationVAT, withholding, deductions, deduction, taxpayers
- US TaxationIRS, withholding, deductions, income brackets, AMT
- corporate taxesdeductions, exemptions, loopholes, write-offs, deferrals
- income taxdeductions, IRS, Form 1040, withholding, refund
tax burdentax refund
Returned excess withholding
tax rebate · tax credit · government subsidy · tax return · stimulus check
tax burdentax exemption
Freedom from governmental levies
tax-free status · tax relief · tax haven · tax holiday · tax shelter
tax burdennet gain
Income exceeding expenditure
financial relief · tax incentive · wealth accumulation · disposable income · take-home pay
tax, burden, taxing, burdened, taxes, burdensome, burdening, taxable, untaxed