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tax cut

tax cut

599 3.2
A government decision to reduce the taxes people have to pay
  • noun
  • /tæks kʌt/
translation icon : reducción de impuestos
  • By contrast, tax cuts to lower wage earners enable them to spend more, stimulating growth in the process.
  • income tax cut
  • payroll tax cut
  • propose tax cuts

OK, we're doing a tax cut, so goodbye.

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Examples

  • This will be the biggest business tax cut in modern British history.

  • The president's balanced budget plan includes tax cuts that would total $98.4 billion over the five-year period.

    Academic text (1997)
  • Anyway, the tax cut for the wealthy was successful.

  • But would more spending and larger temporary tax cuts have produced a significantly different result?

    Academic text (2011)
  • No politicians, even on the right, could propose massive tax cuts that so clearly benefit the rich.

    Academic text (2004)
  • Consider a proposed income tax cut in a simple hypothetical society with just two types of workers.

    Academic text (2005)
  • Every major tax cut in this century has strengthened the economy by creating new investment, new jobs, and more commerce among our people.

  • Democrats and Republicans agreed on a round of temporary tax cuts and extended jobless benefits in December 2010.

    Academic text (2011)
  • The most dramatic change was a series of tax cuts designed by Glenn Hubbard, who was serving as President Bush's chief economic advisor.

  • The government announced a significant tax cut that will benefit low-income families.

Synonyms

tax break
vstax cut
  • Specialized
98 3.0

A smaller tax people or companies must pay to encourage certain activities

is a broad reduction in money owed to government not only a targeted incentive

Antonyms

165 3.0

A rise in the money people pay to the government as taxes

How Beneficial

tax credit
  • Specialized
148 3.2
tax cut
599 3.2
tax break
  • Specialized
98 3.0
tax deduction
  • Specialized
22 3.4
exemption
  • Formal
27 5.1
tax depreciation
  • Specialized
5.8
allowance
  • Specialized
20 3.3

Surface Forms

tax cut singular
tax cuts plural

Morphology

tax + cut

The meaning 'a reduction in taxes' is directly and transparently derived from combining 'tax' (a government charge) with 'cut' (a reduction or cutback). This compositional noun-noun pattern is common across languages and in English usage, so a B1 learner who knows both constituents would readily understand the MWE.

Etymology

Tax cut uses a simple image: tax is what people pay to the government and cut is to make something smaller, like cutting a number with scissors. That's why Tax cut means 'paying less in taxes'.