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tax expenditure
noun
- any reduction in government revenue through preferential tax treatment, as deductions or credits.
Example Sentences
For tax expenditure programs to end, "There has to be a campaign, maybe a horror story," LeRoy said.
From a purely fiscal perspective, the government estimates in its “tax expenditure budget” that the parsonage allowance costs taxpayers about $12.1 billion over a 10-year window, money that could be used to pay for core government functions.
From an economic standpoint, the difference between the rates you pay and the rich pay is a tax expenditure, or a tax subsidy.
He proposed fixing the tax code so that it no longer favours investors over workers and free community college funded by eliminating the stepped-up basis tax expenditure that allows heirs to reduce the capital gains taxes they pay on inherited assets.
Every single organization on this list represents a significant tax expenditure; collectively, they represent a massive pot of uncollected taxes that, ultimately, need to be made up by the rest of us.
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