tax-hike

A family discusses the new tax-hike while reviewing their household budget.

Definition

1. Noun:
   • An increase in taxes: "tax-hike" refers to a rise in the amount of tax that individuals or businesses are required to pay to the government. It is typically used in the context of government policy or economic discussion.

Usage Examples

• Noun:
  • The government announced a major tax-hike to fund public healthcare. (A significant increase in taxes.)
  • Many citizens are opposed to the proposed tax-hike on fuel. (A planned increase in fuel taxes.)

Advanced Usage

• "tax-hike proposal": a formal suggestion or plan to raise taxes.

  • The tax-hike proposal was debated in parliament for weeks. (The plan to increase taxes was discussed.)

• "tax-hike resistance": opposition or refusal to accept a tax increase.

  • There was strong tax-hike resistance from small business owners. (They opposed the tax increase.)

Variants and Related Words

• Tax (n): a compulsory financial charge imposed by a government.
  • Income tax is deducted from your salary. (A tax on earnings.)
• Hike (n): a sharp increase, especially in price or cost.
  • A price hike on bread affected many families. (A sudden rise in price.)
• Tax increase (n): a synonym for "tax-hike," meaning a rise in taxes.
  • The tax increase will take effect next year. (A rise in taxes.)

Synonyms

• Tax rise: an increase in the amount of tax.
  • The tax rise was unpopular with voters. (A synonym for tax-hike.)
• Levy increase: a rise in a tax or fee imposed by an authority.
  • The levy increase on imports hurt local businesses. (A rise in a specific tax.)

Related Idioms

• "Soak the rich": a policy of taxing wealthy people heavily, often linked to a tax-hike.
  • The new tax-hike is part of a plan to soak the rich. (A policy to increase taxes on the wealthy.)

Phrasal Verbs

• Hike up: to increase sharply, often used for prices or taxes.
  • The government decided to hike up corporate taxes. (To raise taxes suddenly.)

Note on Usage

• "Tax-hike" is often used in political or economic news. It is a compound noun formed by combining "tax" and "hike." It is not typically used as a verb (e.g., "to tax-hike" is incorrect). Instead, use "to raise taxes" or "to hike taxes."