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 ?
When the tax benefit of a deduction or credit is claimed on a tax return, an enterprise pays less cash to the government and retains control of the "benefit" until the taxing authority asserts a sustainable claim.
Some, but not all of these states, provide a credit mechanism between the income tax and the premium taxes paid to the taxing jurisdiction.
This distinction is important; when specific assessed taxes remain unpaid, a taxing authority can protect its claim by filing a tax lien in the county in which the taxpayer owns property.
The company makes the scheduled donations to the County for the benefit of the County and the taxing districts.
What access to these electronic or computer records will be given to the taxing authorities?
Although an appreciation tax would reduce the tax burden on many estates by taxing only appreciation and at significantly lower rates than the current estate tax, the distribution of that burden would fall most heavily on small estates.
The court explained that the state had delegated this type of taxing authority to Charleston by enacting S.
and the foreign country are effectively taxing some portion of the foreign income.
Does the taxing authority have adequate hardware and software resources available to conduct an audit of electronic records?
It provides for a moratorium on certain taxes, thus allowing states to study the issues and determine a consistent method of taxing electronic commerce and avoiding multiple taxation on a single transaction.
But such a system will not achieve the objective of avoiding double taxation of income unless every taxing jurisdiction agrees on the identical formulary approach.