Definitions for tax cut
tax cut

Princeton's WordNetRate this definition:0.0 / 0 votes

1. tax cutnoun

   the act of reducing taxation

   "the new administration's large tax cut was highly controversial"

ChatGPTRate this definition:0.0 / 0 votes

1. tax cut

   A tax cut refers to a reduction in the amount of taxes individuals, businesses or specific groups, such as industries or economic sectors, are required to pay to the government. This can be achieved by lowering tax rates, increasing tax credits or deductions, or changing tax laws. Tax cuts are commonly used as fiscal policy tools to stimulate economic growth and increase disposable income.

WikidataRate this definition:0.0 / 0 votes

1. Tax cut

   A tax cut is a reduction in taxes. The immediate effects of a tax cut are a decrease in the real income of the government and an increase in the real income of those whose tax rate has been lowered. Due to the perceived benefit in growing real incomes among tax payers, politicians have sought to claim their proposed tax credits as tax cuts. In the longer term, however, the loss of government income may be mitigated, depending on the response of tax-payers. The longer-term macroeconomic effects of a tax cut are not predictable in general, because they depend on how the taxpayers use their additional income and how the government adjusts to its reduced income. Depending on the original tax rate, tax cuts may provide individuals and corporations with an incentive investments which stimulate economic activity. Politically Conservative opinion-makers have theorized that this can generate additional taxable income which could generate more revenue than was collected at the higher rate. This view is debated by economists.

Matched Categories

1. • Cut

How to pronounce tax cut?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say tax cut in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of tax cut in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of tax cut in Pythagorean Numerology is: 8

Examples of tax cut in a Sentence

1. Venu Krishna:

   You are going to see more respectable earnings throughout the year, even after the benefits of the tax cut are factored away.

2. President Donald Trump:

   We are going to be asking tomorrow, we're seeing the Senate. We're going to be meeting with House Republicans, Mitch McConnell, everybody discussing a possible payroll tax cut or relief, substantial relief, we're also going to be talking about hourly wage earners getting help so that they can be in a position where they're not going to ever miss a paycheck.

3. Brian Kemp:

   President Biden took office in January of 2021, and to understand why we are in this current state of record-high inflation and costs to the average American family, people can simply track his first year of misguided policy decisions, because of our strong, fiscally conservative approach to budgeting, Lt. Governor Duncan, Speaker Ralston and I can confidently propose a state motor fuel tax suspension to curb sky-high gas prices while also returning money back to hardworking Georgians through a tax refund and an income tax cut.

4. Pete Buttigieg:

   You dont blow a hole in the budget with an unnecessary and unaffordable tax cut for the very wealthiest.

5. President Biden:

   Unlike the $2 trillion tax cut passed in the previous administration, that benefited the top 1% of Americans, the American Rescue Plan …. .

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=tax cut
2. ^ ChatGPT
   https://chat.openai.com
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=tax cut