Definition of tax in English:

tax

Syllabification: tax
Pronunciation: /taks
 
/

noun

  • 1A 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.
    More example sentences
    • It would have replaced the corporate income tax with a tax on the net return to capital for all businesses.
    • All local governments in Kenya have taxing authority, including the right to levy a tax on property.
    • Thus a tax on rent may represent a violation of justice while a tax on other incomes does not.
    Synonyms
    duty, tariff, excise, customs, dues; levy, toll, impost, tithe, charge, fee
  • 2 [in singular] A strain or heavy demand: a heavy tax on the reader’s attention
    More example sentences
    • The only tax on the reader's mind is to remember as many facts as possible.
    Synonyms
    burden, load, weight, demand, strain, pressure, stress, drain, imposition

verb

[with object] Back to top  
  • 1Impose a tax on (someone or something): hardware and software is taxed at 7.5 percent
    More example sentences
    • Otherwise the profits are taxed at the full rate.
    • This can represent a significant tax saving, compared with an ordinary share option scheme where the option is generally exempt, but the gain is taxed at income tax rates.
    • Profits from unincorporated businesses are taxed at 15 percent.
    Synonyms
    charge (duty on), tithe
    formal mulct
  • 2Make heavy demands on (someone’s powers or resources): she knew that the ordeal to come would tax all her strength
    More example sentences
    • The need to properly categorize, inventory and secure the massive number of garments and shoes must have taxed their resources and creativity.
    • And director Jasper Bagg takes on the title role with energy and commitment, though sometimes its sheer weight seems to be taxing his powers to the limit.
    • Radeschi said the community's resources have been taxed by dealing with troubled youth.
    Synonyms
    strain, stretch, overburden, overload, encumber, push too far; overwhelm, try, wear out, exhaust, sap, drain, weary, weaken
  • 3Confront (someone) with a fault or wrongdoing: why are you taxing me with these preposterous allegations?
    More example sentences
    • Tax me with my crimes!
  • 4 Law Examine and assess (the costs of a case).
    More example sentences
    • Where the outcome of the Legal Proceedings is not a Success the Insurer shall have the right to have the Insured's Solicitor's bills taxed or assessed on the standard basis.
    • It was not the case for either side that I should split the issue into parts and so resolve the position, nor was it the case that I should attempt to tax or assess the costs.
    • It was decided to do this by ordering those costs to be taxed on the indemnity basis.

Derivatives

taxable

adjective
More example sentences
  • Once you have deducted your business expenses from the business income, the rest is your profit and forms part of your taxable income.
  • Spanish capital gains tax is charged at 35% of what is known as the taxable gain.
  • Cover depends on the level of premium paid which is capped at a maximum of 5% of taxable earnings.

taxer

noun
More example sentences
  • Conventional wisdom has socialists down as high taxers and big spenders.
  • For a Chancellor uniquely sensitive to barbs about his reputation as a stealth taxer, this is not an academic point.
  • But isn't it in the interest of both the taxers and the taxed (you and me) to conclude longer-term deals, achieving some durability in our tax system?

Origin

Middle English (also in the sense 'estimate or determine the amount of a penalty or damages', surviving sense 4 of the verb): from Old French taxer, from Latin taxare 'to censure, charge, compute', perhaps from Greek tassein 'fix'.

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