tax liability

1. 1.

   the amount of tax owed; calculated by applying the tax rate to the tax base

   Broaderliabilities

Questions about tax liability

What does tax liability mean?

tax liability means "the amount of tax owed; calculated by applying the tax rate to the tax base".

Is tax liability a common word?

tax liability is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.