tax

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tax

n. a governmental assessment (charge) upon property value, transactions (transfers and sales), licenses granting a right, and/or income. These include Federal and state income taxes, county and city taxes on real property, state and/or local sales tax based on a percentage of each retail transaction, duties on imports from foreign countries, business licenses, Federal tax (and some states' taxes) on the estates of persons who have died, taxes on large gifts, and a state "use" tax in lieu of sales tax imposed on certain goods bought outside of the state. (See: income tax, estate tax, gift tax, use tax, unified estate and gift tax, franchise tax)

tax

noun assessment, capitation, charge, dues, duty, exaction, exactment, excise, imposition, impost, levy, pollage, portorium, scot, tariff, taxation, tithe, toll, tribute, vectigal
Associated concepts: action for taxes, ad valorem tax, apportionment of taxes, back taxes, collection of taxes, current tax, delinquent tax, direct tax, discriminatory tax, douule taxation, estate tax, evasion of taxation, excess profits tax, excessive tax, excise tax, federal estate tax, federal taxes, franchise tax, general tax, graduated tax, income tax, indirect tax, inheritance tax, land tax, levy a tax, power of taxation, power to tax, progressive tax, propprty tax, proportional tax, regulatory tax, retroactive tax, sales tax, tax anticipation note, tax assessor, tax deed, tax district, tax lien, tax roll, tax sale, tax title, tax warrants, transfer tax, withholding taxes

tax

(Levy), verb assess, collect, exact, lay a duty, require

tax

(Overwork), verb burden, cumber, debilitate, deprive of strength, disable, drain, encumber, exact, fatigue, load, make excessive demands, oppress, overexercise, overexert, overfatigue, overload, overstrain, overtire, overuse, push too far, require, saddle with, strain, task, tire out, tyrannize, use hard, weaken, wear down, wear out, weary, weigh down
See also: assess, assessment, charge, coerce, compel, cost, deplete, encumber, enforce, exact, excise, exhaust, fine, force, hinder, impose, levy, rebuke, reproach, require, toll

tax

a levy made by national or local government to pay for services provided by public bodies. There is no inherent power in the Crown to raise money in this way; express provision must be made by statute. Changes to tax law are made annually in the Finance Act(s); periodically the law is consolidated, as for example in the Income and Corporation Taxes Act 1988 or the Taxation of Chargeable Gains Act 1992. See TAXATION.
References in periodicals archive ?
Debut attendees should expect the session to spark new ideas, present updated tax planning best practices, and demonstrate the most comprehensive and advanced planning solution offered.
Most succession tax planning results in the creation of new entities with tax filing obligations.
The trust and experience their experts demonstrate has helped them become an industry leader recommending advice on tax planning for day traders.
When issuing an opinion to reflect the results of the tax planning service, a member should do all of the following:
Tax Planning Seminars is the prototype of the marketing organization with which we seek to associate.
Raymond Carpenter of Holland & Knight takes a question during the state & local tax session on tax planning.
The regulations apply to those who provide "financial services," as defined by the Federal Reserve Board, which has long included tax planning, tax return preparation and financial planning.
Tax Planning Seminars represents a number of companies in the long term care and term insurance markets and produced over $75 million of annuity premium in 1995.
Beyond the traditional tax compliance services, the Tax Department Services at BMF&C include business tax planning, compensation and benefit plan consulting, tax department outsourcing including FASB 109, corporate executive tax programs, family office tax services, personal tax planning and compliance, taxpayer representation, and multi-state tax planning, mergers and acquisitions tax services.
Instant Tax Relief is the only tax planning system designed exclusively for real estate agents.
Other sessions concentrated on tax planning for joint ventures, featuring foreign tax credit aggregation and disaggregation, tax treaty withholding and reporting requirements for partnerships, and developments in partnership reporting rules.
Clients come to us to help them in their tax planning because they want to minimize their federal income tax, and that's perfectly legal," he said.