tax liability
10
5.1
- noun
- /tæks ˈlaɪəˌbɪlɪti/
- Specialized
:
obligación tributaria
- The IRS defines the tax gap as the amount of tax liability legally incurred by taxpayers that is not paid in a timely manner.
- pay your tax liability
This is about asset protection and tax liability.
- This is about asset protection and tax liability.
- And primarily to be truthful clients that didn't have tax liabilities.
Examples
-
If it's unlikely that you can pay your tax liability, even over time, an offer in compromise is a possible alternative.
Academic text (2006) -
By opening some IRA accounts, you can reduce some tax liabilities and save more money.
Blog text (25) -
The credit will reduce your regular income tax liability, but not below zero.
Blog text (19) -
How does increasing the tax liability on these individuals help the poor?
Blog text (1) -
Instead, he provides options to help them reduce their current tax liability and to further reduce it in the future through his services.
Academic text (1997) -
But that actual tax liability could be impossible to predict.
Academic text (1993) -
Well, to limit the administrative costs and your tax liability, you could both open a joint portfolio.
-
Second, cloud computing providers may structure their activities to limit their tax liability.
Academic text (2018) -
Some taxpayers must calculate their tax liability twice: once under the "regular" method and again under the AMT method.
Academic text (1993) -
You should consult a tax advisor to understand your total tax liability for the year.
Synonyms
42
2.3
A paper that tells a person or business how much tax they have to pay
1
4.1
A duty to pay taxes to the government by law
1
5.8
The part of your pay the government takes
How Much
- Specialized
10
5.1
15
4.6
Surface Forms
Morphology
The meaning 'the amount of tax legally required to be paid' is directly and compositionally derived from 'tax' (a government charge) + 'liability' (a legal/financial obligation). This noun–noun compound follows a transparent compositional pattern and represents a cross-linguistically common fiscal concept, so a B1 learner who knows both words would readily infer the MWE meaning.
Etymology
Tax liability combines tax, meaning money paid to the government, and liability, meaning a legal 'responsibility' or 'debt' you must carry. Imagine a bag of money you must hand over; the size of the bag is your tax liability, so it means the total tax you must pay.