tax expenditure

noun

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

Example Sentences

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.

Read more on Slate

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

Read more on Salon

From a purely fiscal perspective, the government estimates in its “tax expenditure budget” that the parsonage allowance costs taxpayers about $12.1 billion over a 10-year window, money that could be used to pay for core government functions.

Read more on Slate

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

Read more on Washington Post

He proposed fixing the tax code so that it no longer favours investors over workers and free community college funded by eliminating the stepped-up basis tax expenditure that allows heirs to reduce the capital gains taxes they pay on inherited assets.

Read more on The Guardian