an economic policy in which taxes are increased in order to fund government spending
We would like the tax-and-spend Republicans to be voted out of office.
noun, American History. 1. a phrase, generally attributed to James Otis about 1761, that reflected the resentment of American colonists at being taxed by a British Parliament to which they elected no representatives and became an anti-British slogan before the American Revolution; in full, “Taxation without representation is tyranny.”.
- Tax avoidance
noun 1. reduction or minimization of tax liability by lawful methods Compare tax evasion
- Tax-bracket creep
[taks-brak-it] /ˈtæksˌbræk ɪt/ noun 1. bracket creep.
- Tax break
tax break definition A special tax benefit given to promote specific economic or social objectives. For example, the U.S. government, having decided that individual home ownership is a boon to the economy, allows interest on a home mortgage to be subtracted, in whole or in part, from one’s taxable income. The resulting lower taxation for […]