taxbite

taxbite

See also: tax bite

English

Etymology

tax +‎ bite

Noun

taxbite (plural taxbites)

1. (US, derogatory) Alternative form of tax bite
   • 1970, United States. Congress. Senate. Foreign Relations, Impact of the war in southeast Asia on the U.S. economy:

     The taxbite on an income of $6498 in 1969, if tax rates had been exactly the same as in 1965

   • 1980, Newsweek, volume 95, number 1-8:

     In a recent survey, The Roper Organization found that only 2 per cent of those polled cited the social-security taxbite as one of their top concerns.

   • 2004, Roy L. Nersesian, Corporate Financial Risk Management, page 225:

     Rather than getting sidetracked discussing the true worth of $540000, 10 years in the future after the taxbite is taken out, the $540000 will simply be the benchmark for determining the break-even insurance premium.