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- Dictionarytax/taks/
noun
- 1. a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions: "higher taxes will dampen consumer spending" Similar Opposite
- 2. a strain or heavy demand: "a heavy tax on the reader's attention" Similar
verb
- 1. impose a tax on (someone or something): "the income will be taxed at the top rate" Similar
- 2. make heavy demands on (someone's powers or resources): "she knew that the ordeal to come must tax all her strength" Similar
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TAX definition: 1. (an amount of) money paid to the government that is based on your income or the cost of goods or…. Learn more.
May 23, 2024 · What Are Taxes? Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance government...
The meaning of TAX is a charge usually of money imposed by authority on persons or property for public purposes. How to use tax in a sentence.
Jun 30, 2024 · What Is Taxation? Taxation is a term for when a taxing authority, usually a government, levies or imposes a financial obligation on its citizens or residents. Paying taxes to...
Money portal. v. t. e. A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities. [1]
Jun 28, 2024 · Taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well. Learn more about taxation in this article.
Income taxes: These are taxes you pay on the money you earn from a job, a business, or investments. The federal government and some state governments collect income taxes. The more you earn, the more you pay in taxes.