Definition, Meaning & Synonyms
tax-cut
noun
/tæks kʌt/
Definition
A reduction in the amount of tax that individuals or businesses are required to pay.
Examples
- The recent tax-cut has helped families save more money.
- Many argue that the tax-cut will encourage businesses to invest and create jobs.
Meaning
Tax cuts aim to lower the tax burden on taxpayers, potentially increasing disposable income and stimulating economic growth.
Synonyms
- tax reduction
- tax relief
- tax abatement
