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contingency tax

American  

noun

  1. any new tax that would be necessary in case of a shortfall in revenues.


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.

Even so, dropping the contingency tax will increase the projected 1986 deficit from $154.6 billion to $196.2 billion.

From Time Magazine Archive

Another plan is to propose a consumption tax, such as the value-added tax, in place of the contingency tax.

From Time Magazine Archive

One idea is to reintroduce the "contingency tax," which the President put into the 1984 budget but never formally proposed.

From Time Magazine Archive