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 ?
The success of the UAE tax system is, therefore, a shared responsibility and requires strategic cooperation based on three pillars, the government, the business sector and the community," he added.
A number of tax executives said they had reviewed the Camp discussion draft and expressed support for the overall goals of lowering the corporate tax rate and adopting a territorial tax system.
Second, state and local tax systems are often so poorly designed that there are many high-value/low-cost reforms that the federal government can nudge the states to make.
Besides being socially unfair, a flat tax system does not guarantee economic development, either.
In the short term it means developing a modern, efficient tax system that helps to grow a diverse and dynamic manufacturing base.
The compilation of difficulties in Lebanon led to a feeling that the tax system in Lebanon [has a long way to go] until it improves," Shatah said.
Before we move to performances of tax system in the Republic of Serbia we should highlight the fact that there are other revenues besides fiscal ones (Table 1).
In comparing the competitiveness of the Canadian tax system with other jurisdictions, the Government has focused on aligning Canada's tax rate structure and capital recovery provisions with other countries' rules.
We can report promoters of tax fraud and reinforce with our clients their responsibilities in our tax system.
The panel is charged with reviewing the current federal tax system and issuing its findings on ways to improve federal tax laws so that they are fairer and simpler and do more to encourage economic growth and create jobs.
Under our present tax system, middle and low-income Missouri families have a far higher total tax burden than wealthy families.
Now, he's poured that decade's worth of hard-won expertise into book form, arguing the tax system itself deserves much of the blame for America's growing economic inequality.