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 ?
Further, while health insurance premiums are not treated as qualified medical expenses according to IRS rules, premiums for Medicare Parts A and B, as well as qualified long-term care insurance premiums, are expenses that can be withdrawn tax-free.
Although these bonds are tax-free, they are not eligible for deduction under section 80C of the Income Tax Act.
If you want to understand the make-up of any guru's (or financial advisor 's) tax-free paradigm, you can apply a fairly easy litmus test.
When you bring your purchase to the register on this tax-free day, you must tell the clerk if you voted for a Democrat.
The video discusses a patented process that has been developed to use other people's money to leverage low yielding assets like accounts receivables, inventories and current and future cash flows to jump-start a tax-free retirement plan.
Western Wind Energy Corporation (OTCQX - WNDEF), a renewable energy production company, has filed for its tax-free cash grant with the US Treasury under Section 1603.
Summary: Travellers looking for the best airport tax-free shopping deals should shun Heathrow, according to a new study.
MANAMA: Kanoo, one of the largest independent and family-owned group of companies in the Gulf, and Premier Tax Free, Europe's major tax-free shopping provider, have opened their latest VAT refund office in Paris.
(Granted, if I did not have a student loan payment, I could save even more.) The amount of federal tax-free income should be raised to reflect a living wage versus living just above the poverty level.
Thousands of families are in danger of being hit by inheritance tax because so many elderly parents cling on to "tax-free" investment plans without taking action to protect their estates on death.
IRC section 1031 permits the tax-free exchange of like-kind property.