tax base
Definition 1
Measure upon which the assessment or determination of tax liability is based. For example, taxable income is the tax base for income tax and assessed value is the tax base for property taxes.
Definition 2
Total of taxable assets, income, and assessed value of property within the tax jurisdiction of a government.
tax base is in the Accounting & Auditing and Economics, Politics, & Society subjects.
tax base appears in the definitions of the following terms: tax supplement and tax rate
tax base appears in these other terms: tax based incomes policy, tax based bond
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