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tax |taks|noun1 a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.2 [ in sing. ] a strain or heavy demand: a heavy tax on the reader's attention.verb [ with obj. ]1 impose a tax on (someone or something): hardware and software is taxed at 7.5 percent.2 make heavy demands on (someone's powers or resources): sheknew that the ordeal to come would tax all her strength.3 confront (someone) with a fault or wrongdoing: why are youtaxing me with these preposterous allegations?4 Law examine and assess (the costs of a case).DERIVATIVEStaxable adjective,taxer nounORIGIN Middle English (also in the sense ‘estimate ordetermine the amount of a penalty or damages,’ survivingsense 4 of the verb): from Old French taxer, from Latintaxare ‘to censure, charge, compute,’ perhaps from Greektassein ‘fix.’
taxation |tak?s?SH?n|
noun
the levying of tax.
• money paid as tax.
ORIGIN Middle English (in the sense ‘the assessment of a penalty or damages’; compare with tax): via Old French from Latin taxatio(n-), from taxare ‘to censure, charge.’
| 12 years ago. Rating: 3 | |
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