The decision was made to raise taxes.
He was accused of evading taxes.
What was your income before taxes?
What is the amount of tax to be paid?
What was your income before tax?
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
14th century
He believes in taxing the rich to give to the poor.
You are taxed according to your income.
puzzles that tax your brain
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Taxes are required payments from citizens to governments. The payments fund projects and expenditures that serve the public interest.
Most taxes are legislated, meaning that representatives elected by the citizens of a country or region determine what activities to tax, how much to tax, when to collect those taxes, and how to administer the proceeds. Individuals, businesses, and other entities subject to the tax must remit the tax or face enforcement action.
Taxes are a topic of fierce debate in economics, politics, public policy and investing. For example, one of the most controversial taxes in the United States is the federal income tax. In the U.S., we have a progressive tax, meaning that a person's tax rate rises as income rises.
Economically speaking, one of the biggest effects of taxation is the impact it has on consumption. Generally, consumers will consume less when taxes rise and consume more when taxes fall.
In the investing world, taxes are also a major consideration. Some transactions trigger tax liabilities while others do not. The timing of buying and selling certain investments may trigger different tax liabilities. Ultimately, taxes reduce returns, and wise investors will consider their effects in all of their financial decisions.
: 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
See words that rhyme with tax Thesaurus: All synonyms and antonyms for tax Spanish Central: Translation of tax Nglish: Translation of tax for Spanish speakers Britannica English: Translation of tax for Arabic speakers
What made you want to look up tax? Please tell us where you read or heard it (including the quote, if possible).
The Exceptions Quiz III
Test your knowledge - and maybe learn something along the way.
TAKE THE QUIZTest Your Knowledge - and learn some interesting things along the way.
TAKE THE QUIZ
