tax base

  

Definitions (2)

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.
2.Total of taxable assets, income, and assessed value of property within the tax jurisdiction of a government.

Use tax base in a sentence

  • You need to understand what the tax base will be so that you can fully budget enough to cover what you will owe.

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  • The tax base remained unchanged so our new report would be similar to last years as the tax situation is the same.

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  • You should always know what the tax base will be so that you can factor that into your companies finances.

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