Unit 3: Tax accounting - More vocabulary

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Last updated 11:46 AM on 6/3/26
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8 Terms

1
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tax avoidance

trying not to pay tax (legal)

2
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tax bracket

tells you what amount of tax to pay based on income

3
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tax evasion

trying not to pay tax (illegal)

4
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tax exempt

when you don’t have to pay tax on certain income

5
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tax exile

someone who lives in another country for tax reasons

6
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to abolish tax

to cancel a tax

7
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to impose tax

to introduce a new tax on something

8
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to increase tax

to make the tax go up