pretax

[ pree-taks ]

adjective

1. prior to the payment of taxes: taxis: tax:

   pretax income; bonds earning 12 percent pretax.

Word History and Origins

Origin of pretax¹

First recorded in 1940–45; pre- + tax

Example Sentences

Parents can currently set aside pretax dollars in a flexible spending account to spend on child-care costs, for example.

From Los Angeles Times

The pretax profit margin at Albertsons rose from 0.96% in 2019 to 1.62% in 2020 and 2.92% in 2021; it fell back to 2.01% in 2023, once the pandemic appeared to move to the rearview mirror.

From Los Angeles Times

Last year it recorded a pretax profit of nearly $20 billion on $122.4 billion in revenue.

From Los Angeles Times

Exercise company Peloton Interactive has been laying off hundreds of workers to help pay debt that has more than quadrupled to $2.3 billion in just five years even though its pretax earnings before the new borrowing weren’t enough to pay interest.

From Seattle Times

The automaker’s troubled Cruise autonomous vehicle unit lost $519 million pretax as it tries to recover from a serious crash and allegations of a cover-up in California.

From Seattle Times