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tax


2tax

noun, often attributive

Definition of TAX

1
a : a charge usually of money imposed by authority on persons or property for public purposes b : a sum levied on members of an organization to defray expenses
2
: a heavy demand

Examples of TAX

  1. The decision was made to raise taxes.
  2. He was accused of evading taxes.
  3. What was your income before taxes?
  4. What is the amount of tax to be paid?
  5. What was your income before tax?

First Known Use of TAX

14th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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