Dictionary

1tax

transitive verb \ˈtaks\

: to require (someone) to pay a tax

: to require someone to pay a tax on (something)

: to require a lot from (something or someone) : to put demands on (something or someone)

Full Definition of TAX

1
:  to assess or determine judicially the amount of (costs in a court action)
2
:  to levy a tax on
3
obsolete :  to enter (a name) in a list <there went out a decree…that all the world should be taxed — Luke 2:1(Authorized Version)>
4
:  charge, accuse <taxed him with neglect of duty>; also :  censure
5
:  to make onerous and rigorous demands on <the job taxed her strength>
tax·able \ˈtak-sə-bəl\ adjective
tax·er noun

Examples of TAX

  1. He believes in taxing the rich to give to the poor.
  2. You are taxed according to your income.
  3. puzzles that tax your brain

Origin of TAX

Middle English, to estimate, assess, tax, from Anglo-French taxer, from Medieval Latin taxare, from Latin, to feel, estimate, censure, frequentative of tangere to touch — more at tangent
First Known Use: 14th century

Other Economics Terms

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

Rhymes with TAX

2tax

noun, often attributive

: an amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government

Full 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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