tax hike

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tax hike

A family discusses the new tax hike at the kitchen table.

Definition

Noun: - An increase in the amount of tax levied: A "tax hike" refers to a rise or increase in the rate or amount of taxes imposed by a government or authority.

Usage
  • A "tax hike" is a formal and commonly used term in political and economic discourse to describe a government's decision to raise taxes.
  • It is typically used in contexts discussing policy, budgets, public finance, and their effects on citizens or the economy.
  • The term often carries a negative connotation, implying an additional financial burden.
Examples
  • The government announced a tax hike to fund the new healthcare program.
  • Many citizens protested against the proposed tax hike on gasoline.
  • The mayor argued that the tax hike was necessary to repair the city's infrastructure.
Advanced Usage
  • "to implement a tax hike": To officially put a tax increase into effect.
    • The council voted to implement a tax hike next fiscal year.
  • "to oppose a tax hike": To be against a proposed tax increase.
    • The business community strongly opposed the tax hike.
Variants and Related Words
  • Tax increase (noun phrase): A direct synonym for "tax hike," though slightly more formal.
    • The legislature debated the tax increase for weeks.
  • Tax rise (noun phrase): Another synonym, more common in British English.
  • Tax boost (noun phrase): A less common synonym with a similar meaning.
Synonyms
  • Tax increase
  • Tax rise
  • Tax boost
  • Levy increase
Antonyms
  • Tax cut
  • Tax reduction
  • Tax break
Related Phrases
  • "across-the-board tax hike": A tax increase that applies to all taxpayers or all categories of a tax.
    • The across-the-board tax hike affected everyone from low-income families to large corporations.
  • "proposed tax hike": A tax increase that has been suggested but not yet enacted.
    • The proposed tax hike will be put to a public vote.
tax hike

A family discusses the new tax hike at the kitchen table.

Noun
  1. the amount by which taxes are increased
    • a tax increase of 15 percent

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