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

Related to TAX

Synonyms: assessment, duty, imposition, impost, levy

Related Words: direct tax, personal tax; capitation, custom(s), excise, hidden tax, income tax, poll tax, property tax, sales tax, single tax, sin tax, tariff, toll, tribute, value-added tax, withholding tax; supertax, surcharge, surtax; death tax, estate tax, inheritance tax; flat tax, proportional tax

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Other Economics Terms

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