The portion of the goods or services acquired or earned by children that can be claimed by their parent(s).
Child: Dad, look at all the candy I got for Halloween!
Dad: Cool. Give me your peanut butter cups.
Child: What? Why?
Dad: Parental tax.
Dad: Cool. Give me your peanut butter cups.
Child: What? Why?
Dad: Parental tax.
by Riconator October 30, 2010
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