Tax Boost (Noun)
Meaning
The amount by which taxes are increased; "a tax increase of 15 percent".
Classification
Nouns denoting attributes of people and objects.
Examples
- The government implemented a tax boost to fund the new transportation project and bridge the budget gap.
- The newly elected mayor proposed a tax boost to cover the expenses for the city's growing needs.
- The finance team struggled to balance the company's budget after a significant tax boost was announced by the government.
- Economists argued that the planned tax boost would likely slow down economic growth in the coming years.
- Critics claimed that the tax boost unfairly targeted the lower-income households and demanded its reconsideration.