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tax expenditure

American  

noun

  1. any reduction in government revenue through preferential tax treatment, as deductions or credits.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The government actually publishes not one, but two tax expenditure budgets, one by the Treasury Department and the other by the Joint Committee on Taxation, listing all of the spending found in the tax code.

From Slate

For tax expenditure programs to end, "There has to be a campaign, maybe a horror story," LeRoy said.

From Salon

From an economic standpoint, the difference between the rates you pay and the rich pay is a tax expenditure, or a tax subsidy.

From Washington Post

Every single organization on this list represents a significant tax expenditure; collectively, they represent a massive pot of uncollected taxes that, ultimately, need to be made up by the rest of us.

From Slate

This subsidy has long been criticized by health economists and is also the biggest tax expenditure of all, projected to cost more than $4 trillion in lost payroll and income tax revenue from 2016 to 2025.

From The Wall Street Journal