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 ?
All income is taxed at F's rate (including 0% from 2008-2010) and none of it is reportable on her first FAFSA.
Unlike the present tax structure, all income would be taxed once and only once.
The principle behind this is that they are taxed on income and gains from assets located in the United States even where general source rules would look to the non-U.S.
If the ITFA commission adopts this proposal, the resulting changes would address the fairness issue, since remote and conventional commerce will be taxed equally.
After all, he asks: Why should people be taxed more heavily on their labor than on their fortunate birth?
Every dollar beyond $1,200 is taxed at the parent's presumably higher marginal tax rate.
Issues such as the treatment of credit and loss carryovers from the old system and whether previously taxed income will be exempted when used for consumption under a new system are challenging and affect tax rates and taxpayer planning.
Another new tax regulation that could indirectly affect foreign operations in China is the enterprise income tax, which reduces the corporate tax rate on both domestic companies (previously taxed at 55 percent) and FIE businesses to 33 percent.
They are, however, taxed on income derived from debt-financed property.
The question is whether the captive is to be taxed as an insurance company, although not regulated as such in that state, or as an out-of-state corporation.
Goods produced in the country but exported for consumption elsewhere are not taxed, while imports are subject to the value-added or sales tax.
Children with income get a standard deduction amount, above which they're taxed at 15 percent, 28 percent and so on, regardless of your tax situation.