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Definition of Tax liability
1. Noun. The amount of tax owed; calculated by applying the tax rate to the tax base.
Lexicographical Neighbors of Tax Liability
Literary usage of Tax liability
Below you will find example usage of this term as found in modern and/or classical literature:
1. General Explanation of Tax Legislation Enacted in 1998: Report of the Joint edited by William Roth, Bill Archer (2000)
"Explanation of Provision The provision clarifies the application of the income
tax liability limitation to the refundable portion of the child credit by ..."
2. IRS Restructuring: Congressional Hearings edited by William V. Roth, Jr. (1999)
"Under this approach to the allocation of a known tax liability, the spouses would
determine their respective allocation percentages of the total liability ..."
3. Inconsistent Picture: A Compilation Of Analyses Of Economic Impacts Of (1994)
"Tax credit: An amount that offsets or reduces tax liability. It is subtracted
directly from the tax liability that would otherwise accrue, and thus, ..."
4. Student Aid and Postsecondary Tax Preferences: Limited Research Exists on by Michael Brostek, Cornelia M. Ashby (2005)
"30.04 Table 19: Amounts by Which Apparently Eligible Taxpayers Failed to Reduce
Their tax liability: Point Estimates Median Mean 10* percentile 25th ..."
Other Resources:
