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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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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 activities,...
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.
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 governments or...
Ireland v. Commission. 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.
noun. a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services, etc. a heavy demand on something; strain. a tax on our resources.
A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Why Do We Pay Taxes?
Which taxes do I pay? There are many different types of taxes that help fund various services and programs in our communities. Here's a quick look at some of the most common ones: Income taxes: These are taxes you pay on the money you earn from a job, a business, or investments.
Britannica Dictionary definition of TAX : an amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government
