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 ?
Also, political resistance to taxing services tends to be strong.
There are 50 states and 50 different systems of taxing transfers of property, and that doesn't count several large counties and municipalities around the country that also have their own independent means of imposing their own sales and use taxes.
32) Holding that "no state may discriminatorily tax the products manufactured or the business operations performed in any other state," (33) Boston Stock Exchange has provided a clarifying lens for reviewing the constitutionality of state taxing schemes.
If it is not probable that the taxing authority will disallow the tax position, no accrual or disclosure for the potential disallowance is required.
In the case of hydroelectric power, taxing the "fuel" itself, prior to energy production, presents a serious conceptual problem.
13) Holding that "no state may discriminatorily tax the products manufactured or the business operations performed in any other state," (14) Boston Stock Exchange has provided the lens for reviewing the constitutionality of state taxing schemes.
In this context, an unsettled issue involves a state's claim of taxing authority over a captive neither located nor licensed to do business in that state.
Additionally, the system: recognizes whether lease/rental is subject to sales/use tax rate or a separate rental or leasing rate; covers taxing conditions specific to auto lease/rental agreements; grandfathers tax rates on existing leases; allows for exempt situations, tax overrides and maximum tax rates; and provides monthly updates with current tax rates.
Priority and status of tax and pension claims in bankruptcy are important to many, including the estate, debtors, creditors, employees and taxing authorities.
The county and the company execute a lease and a "grant agreement" (or fixed payments in lieu of the property taxes) for the benefit of the County and other interested parties (the schools and other taxing districts).
Company shareholders -- the most important beneficiaries of public disclosures -- would not welcome disclosure rules that would require identification of amounts at which the company might be willing to settle pending disputes or potential issues with taxing authorities.
The taxpayer's "home" country would then provide relief if its taxing jurisdiction (based on residence or citizenship) overlaps the source jurisdiction's right.