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The act of stealing a single chip or fry from a friend if you have no chips. You must say "chip tax" before taking the chip.
"Chip tax!"
*followed by the immediate acquisition of a chip*
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by Corrinaismyrealname April 24, 2017
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The legitimate theft of potato chips from one's friends and colleagues. The thief will usually utter the phrase "chip tax" while stealing the chips. Uttering thae phrase "chip tax" while stealing someone's chips gives the thief immunity for the theft. This is a specific variant of yoink and is related to tax (steal sense)
John uttered the magic phrase "chip tax" while stuffing his mouth full of a handful of my chips.
by Msquared March 14, 2003
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