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Noun: tax liability
  1. The amount of tax owed; calculated by applying the tax rate to the tax base

Derived forms: tax liabilities

Type of: liabilities

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tax credit
tax cut
tax deduction
tax depreciation
tax evasion
tax form
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tax hike
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tax law
tax liability
tax lien
tax policy
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tax rate
tax return
tax revenue
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tax write-off
taxability