What is another word for tax relief?

Pronunciation: [tˈaks ɹɪlˈiːf] (IPA)

Tax relief refers to the various measures taken by the government to reduce the tax burden on individuals or businesses. There are several synonyms for tax relief, including tax mitigation, tax reduction, tax abatement, tax cut, tax subsidy, tax deferment, tax exemption, tax credit, and tax deduction. Tax mitigation is a process of legally minimizing the tax liability of an individual or business. Tax abatement refers to a reduction or suspension of tax payments. Tax subsidies are incentives provided by governments to promote certain industries or activities. Tax deferment allows taxpayers to postpone tax payments until a future date. Tax exemption refers to a complete exemption from paying tax, while tax credit and tax deduction are reductions in the tax burden.

What are the hypernyms for Tax relief?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    tax deductions, tax breaks, tax credits, tax incentives.

What are the opposite words for tax relief?

Tax relief, which implies a reduction or exemption from taxes, can have antonyms depending on the context. One antonym could be tax burden, which is the opposite of tax relief as it describes the pressure or weight of taxes on individuals or businesses. Another antonym is tax increase, which implies a rise in taxes rather than a reduction or relief. Tax hike might be used to describe a sudden significant increase in tax rates that causes discomfort for taxpayers. Tax liability is yet another antonym of tax relief, which refers to the amount of taxes that one owes to the government. It represents the opposite of tax relief because it implies a responsibility to pay taxes.

What are the antonyms for Tax relief?

Famous quotes with Tax relief

  • Our tax policies, the tax relief and reform we passed in 2003 and 2005, helped get government out of the way of America's entrepreneurs, and our unemployment rate is now lower than it was in the 1970s, the 1980s, and the 1990s.
    Marsha Blackburn
  • It's fundamentally unfair to have so much of the tax relief go to so few. And it is a 10-year tax plan rather than one, as mine, focused on the next two years, which in my opinion is the critical time to jumpstart the economy.
    Bob Graham
  • Our economy is robust and will remain strong as more Americans who want a job find one. Republican economic policies based on tax relief are working for the American people.
    Dennis Hastert
  • Priorities like winning the War on Terror and providing tax relief that will keep our economy growing strong.
    Dennis Hastert
  • In 2001, Congress passed much needed tax relief to allow Americans to keep more of their hard earned money and spend it as they see fit - rather than how the federal government sees fit.
    Doc Hastings

Related words: income tax relief, tax relief definition, tax relief definition 2017, federal tax relief, income tax relief for military personnel, state tax relief

Related questions:

  • What is income tax relief?
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  • How do you get federal tax relief?
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