Definition, Meaning & Synonyms

tax-burden

noun

/tæks ˈbɜrdən/

Definition

The financial obligation imposed by taxes on individuals or businesses.

Examples

The tax-burden on small businesses can affect their ability to grow.
Many citizens express concern over the increasing tax-burden facing middle-class families.

Meaning

Tax-burden refers to the amount of money that individuals or entities are required to pay in taxes, which can impact their overall financial situation.