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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 collector
tax credit
tax cut
tax deduction
tax evasion
tax form
tax haven
tax hike
tax income
tax law
tax liability
tax lien
tax policy
tax program
tax rate
tax return
tax revenue
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tax write-off
taxability