Tax break is a term referring to any item which reduces tax, including any tax exemption, tax deduction, or tax credit. Tax break is also a pejorative term used in the United States to refer to purportedly favorable tax treatment of any class of persons, as in "individuals get a tax break for so and so".
Famous quotes containing the words tax and/or break:
“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
—Ronald Reagan (b. 1911)
“I am willing, for a money consideration, to test this physical strength, this nervous force, and muscular power with which I’ve been gifted, to show that they will bear a certain strain. If I break down, if my brain gives way under want of sleep, my heart ceases to respond to the calls made on my circulatory system, or the surcharged veins of my extremities burst—if, in short, I fall helpless, or it may be, dead on the track, then I lose my money.”
—Ada Anderson (1860–?)