money that you have to pay to the government so that it can pay for public services. People pay tax according to their income, and businesses pay tax according to their profits. Tax is also often paid on goods and services to raise/cut taxes tax increases/cuts changes in tax rates to pay over $1,000 in taxes profits before/after taxes Income tax will be deducted by your employer. tax on something a tax on cigarettes Topic CollocationsThe Economymanaging the economy
- handle/run/manage the economy
- boost investment/spending/employment/growth
- stimulate demand/the economy/industry
- cut/reduce investment/spending/borrowing
- reduce/curb/control/keep down inflation
- create/fuel growth/demand/a boom/a bubble
- encourage/foster/promote/stimulate/stifle innovation/competition
- encourage/work with/compete with the private sector
- increase/boost/promote U.S./agricultural exports
- ban/restrict/block cheap/foreign imports
- the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming
- enjoy an economic/housing/property boom
- push up/drive up prices/costs/inflation
- damage/hurt/destroy industry/the economy
- cause/lead to/go into/avoid/escape recession
- experience/suffer a recession/downturn
- fight/combat inflation/deflation/unemployment
- cause/create inflation/poverty/unemployment
- create/burst a housing/stock market bubble
- cause/trigger a stock market crash/the collapse of the banking system
- face/be plunged into a financial/an economic crisis
- be caught in/experience cycles of boom and bust
- cut/reduce/slash/increase/double the defense/education budget
- increase/boost/slash/cut public spending
- increase/raise/cut/lower/reduce taxes
- raise/cut/lower/reduce interest rates
- ease/loosen/tighten monetary policy
- balance the (state/federal) budget
- achieve/maintain a balanced budget
- run a ($4 trillion) budget deficit/surplus
- ⇨ more collocations at
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- duty
- customs duty/charge
- tariff
- tax money that you have to pay to the government so that it can pay for public services:income tax sales tax tax cuts
- duty a tax that you pay on things that you buy, especially those that you bring into a country:The company has to pay duty on all imported merchandise.
- customs duty/charge tax that is paid when goods are brought in from other countries
- tariff a tax that is paid on goods coming into or going out of a country, often in order to protect industry from cheap imports:A general tariff was imposed on foreign imports.
- (a) tax/duty/tariff on something
- to pay an amount of money in tax/duty/customs duty
- to pay (a) tax/duty/customs duty/tariff/rates
- to collect taxes/duties
- to increase/raise/reduce taxes/duty/tariffs
- to cut taxes/duties
- to impose a tax/duty/tariff
- to put a tax/duty >on>something
Check pronunciation: tax