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Tax Expenditure |
Also found in: Wikipedia | 0.01 sec. |
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Tax Expenditure The way in which a government uses a tax code to spend money. For example, suppose a government offers a tax credit for adopting a child. In such a case, an adoptive parent would pay less in taxes than he/she otherwise would, effectively receiving a subsidy from the government for adopting a child. Tax expenditures are popular ways for governments to encourage behaviors such as purchasing a home or having children. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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