parental tax

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.

Parent Tax

When you get back from trick or treating on Halloween and your parents inspect your stash and steal the good shit.

Me: I got full sized candy bars from the smith residence.
Friend: Oh shit, for real
Me: yea but when I got home I lost them due to the parent tax.

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Parent Tax

The handful of food taken by the parent who purchased the food for their child.

"Why are there so many tots missing, Mom?"
"I had to take some for my parent tax, sorry. You'll start to get your refund when you have kids too."

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