tax bite
1
5.8
- noun
- /tæks baɪt/
:
carga fiscal
- That means your overall tax bite jumps from 15% to 23.8%, the highest rate since 1997.
- a big tax bite
- minimize the tax bite
- federal tax bite
Examples
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After all, as a percentage of the U.S. economy, the total federal tax bite hasn't been this low in 60 years.
Blog text (7) -
If your grandmother is in the top bracket, her Exxon dividend tax bite will raise from 15% to the 40% range after the end of the year.
Blog text (21) -
By removing, say, 10% from a retirement plan each year and converting that to gold and silver, it might be possible to hang onto our money while minimizing the oppressive tax bite.
Blog text (22) -
Increased income taxes can significantly impact your financial planning and create a larger tax bite on your salary.
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Many taxpayers look for ways to lower their tax bite through deductions and credits available each year.
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After reviewing my finances, I realized that my tax bite would be higher due to new regulations affecting income brackets.
Synonyms
42
2.3
A paper that tells a person or business how much tax they have to pay
10
5.1
Total amount of tax a person or business must pay to the government
Antonyms
Surface Forms
Morphology
The headword 'tax' is clear, but 'bite' is used metaphorically here to mean a portion taken away (a reduction in income), so the overall meaning relies on a non-literal extension of 'bite'. A B1 learner who knows both words might not automatically infer this financial metaphor without prior exposure, so the expression is partially but not fully transparent.
Etymology
Tax bite uses the image of a small bite taken from your money by tax. So it means the 'amount of tax' or how much the tax reduces your income.