fully taxed

USAGE SUMMARY

The phrase "fully taxed" is correct and usable in written English.
It can be used to describe a situation where an individual or entity has reached the maximum tax liability or has been completely subjected to taxation. Example: "After reviewing my financial records, I realized that my income was fully taxed, leaving me with little to save for the future."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

27 human-written examples

Capital gains on the sale of stock bought on the open market should be fully taxed.

The New York Times

Most of Mr. Cramer's income is earned, and thus is fully taxed.

The New York Times

"Most people did not have them on a fully taxed basis," she said.

The New York Times

"Now, waiters make about $25 an hour, which is fully taxed," Boyd says.

The New York Times - Magazine

Virtually all income of the bottom 50 percent is "earned" and fully taxed for Social Security and Medicare.

The New York Times

"On the whole, the focus group participants argued for wealth to be more fully taxed," the report said.

The Guardian - Money

Human-verified similar examples from authoritative sources

Similar Expressions

31 human-written examples

He cites six states -- California, Montana, Nebraska, New Mexico, North Dakota and Vermont -- that are particularly tough on retirees because they have a relatively high top tax bracket and fully tax most retirement income.

The New York Times

Congress's Joint Committee on Taxation estimates that fully taxing the profits sheltered abroad by American corporations would raise an additional $42 billion in revenue this year, enough to end more than half the spending cuts in the sequester.

The New York Times

If New York can fully tax someone who is there only 40% of the time, what's to stop it from going after an at-home worker who is there only four days a year?

Forbes

But residential-mortgage interest is fully tax-deductible.

The Economist

Mortgage interest is fully tax-deductible in America, but no longer in Britain.

The Economist

Expert writing Tips

Best practice

When using "fully taxed", ensure the context clearly indicates what is being taxed and to what extent. Specificity enhances clarity.

Common error

Avoid assuming that "fully taxed" is synonymous with "taxed". The former implies complete or maximum taxation, whereas the latter simply indicates that taxes are applied. Using "taxed" when "fully taxed" is more accurate can mislead the reader.

Linguistic Context

The phrase "fully taxed" functions as an adjective phrase modifying a noun (implied or stated). It describes the extent to which something is subjected to taxation. According to Ludwig, this phrase is correctly used in written English.

Expression frequency: Common

Frequent in

News & Media

70%

Science

15%

Formal & Business

15%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "fully taxed" is a common and grammatically correct way to describe something that is taxed to the maximum extent. According to Ludwig, it is suitable for written English. Predominantly used in News & Media, Science, and Formal & Business contexts, it conveys that no exemptions or deductions apply. When writing, ensure that the context is clear about what is being taxed and to what degree. Remember that "fully taxed" is not simply "taxed"; it signifies complete taxation. Alternatives like "completely taxed" can be used, but "fully taxed" is generally preferred in formal settings. Understanding its usage is crucial for financial literacy and planning.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

completely taxed

Emphasizes the exhaustive nature of the taxation.

entirely taxed

Highlights the all-inclusive aspect of the taxation.

taxed in full

Reorders the words while keeping an identical meaning.

subject to full taxation

Focuses on the obligation to pay the complete amount of tax.

subject to complete taxation

Emphasizes that taxation is without exemptions or deductions.

liable for full taxes

Highlights the responsibility to pay all taxes due.

taxed at the maximum rate

Specifies that the highest possible tax rate is applied.

fully assessable for tax

Focuses on the assessment process where the full tax is applicable.

taxed to the hilt

Uses an idiom to express that the taxation is to the highest degree.

heavily taxed

Indicates a substantial tax burden, although not necessarily complete.

FAQs

What does it mean when something is described as "fully taxed"?

When something is described as "fully taxed", it means it is taxed to the maximum extent allowed by law, without any exemptions or deductions.

Which is more precise, "completely taxed" or "fully taxed"?

"Fully taxed" and "completely taxed" are largely interchangeable, but "fully taxed" is slightly more common in formal contexts.

What are some situations where income or assets might not be "fully taxed"?

Income or assets might not be "fully taxed" if they are held in tax-advantaged accounts, such as 401(k)s or IRAs, or if they are subject to special tax rates, such as capital gains.

How does being "fully taxed" affect financial planning?

Knowing that income or assets are "fully taxed" is important for accurate financial planning, as it helps in estimating net income and planning for tax liabilities. It highlights the importance of considering tax implications in investment and spending decisions.