Taxes Definition: Types, Who Pays, and Why - Investopedia
WebDec 22, 2023 · What Are Taxes? Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues...
Tax Definition & Meaning - Merriam-Webster
WebThe 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.
Tax Definition | TaxEDU Glossary
WebTax. 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?
TAX | English meaning - Cambridge Dictionary
WebTAX definition: 1. (an amount of) money paid to the government that is based on your income or the cost of goods or…. Learn more.
Tax - Wikipedia
WebTax. 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 in order to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities. [1] .
Taxation Defined, With Justifications and Types of Taxes - Investopedia
WebFeb 28, 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....
TAX Definition & Meaning | Dictionary.com
WebTax definition: a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.. See examples of TAX used in a sentence.
tax noun - Definition, pictures, pronunciation and usage notes
Webnoun. /tæks/ [countable, uncountable] money that you have to pay to the government so that it can pay for public services. People pay tax according to their income, and businesses pay tax according to their profits.
TAX definition and meaning | Collins English Dictionary
Web5 days ago · noun. 1. 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. 2. a heavy demand on something; strain. a tax on our resources. verb (transitive)
Tax Definition & Meaning | Britannica Dictionary
Web: 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. [count] The decision was made to raise/cut taxes. He was accused of evading taxes. What was your income before/after taxes? — often + on. a tax on tobacco …
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