Definitions for tax liability
tax li·a·bil·i·ty

Princeton's WordNetRate this definition:0.0 / 0 votes

1. tax liabilitynoun

   the amount of tax owed; calculated by applying the tax rate to the tax base

ChatGPTRate this definition:0.0 / 0 votes

1. tax liability

   Tax liability refers to the total amount of tax owed by an individual, business, or other entity to a taxing authority such as a government. It is determined by applying the relevant tax rate to the entity's taxable income or assessed property value. This liability can be the result of income tax, sales tax, property tax, or other forms of taxation depending on the individual's or entity's activities and location.

Matched Categories

1. • Liabilities

How to pronounce tax liability?

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 liability in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of tax liability in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of tax liability in Pythagorean Numerology is: 9

Examples of tax liability in a Sentence

1. Andrew Delaney:

   When Major League Baseball in 2008 made the switch from a non-profit, they reported that there was no real change in their tax liability, if I were running the NFL show, I'd say,' This isn't worth it.' It's not worth the PR hit it takes.

2. Neil Doshi:

   This is absolutely a step in the right direction, we’d much rather see Yahoo either spin off or potentially sell the core and have a tax liability on a smaller piece than have it on the larger Alibaba piece.

3. Maria Bruno:

   People who have left the workforce with large tax-deferred accounts can do some smart planning between age 65 and 70, presumably you have moved to a lower marginal tax bracket, so it may make sense to accelerate some of that income, and the tax liability.

4. Neil Doshi:

   This is absolutely a step in the right direction, we’d much rather see Yahoo either spinoff or potentially sell the core and have a tax liability on a smaller piece than have it on the larger Alibaba piece.

5. Robert Willens:

   If the deal was done exactly the same way, but for cash rather than stock, the tax liability would be mammoth, gains would be taxed at capital gain rates which, for a New York resident, amounts to about 30 percent.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=tax liability
2. ^ ChatGPT
   https://chat.openai.com