taxation

noun

tax·​a·​tion tak-ˈsā-shən 

1

: the action of taxing

especially : the imposition of taxes

2

: revenue obtained from taxes

3

: the amount assessed as a tax

Examples of taxation in a Sentence

the federal right of taxation

Recent Examples on the Web

Since corporate profits are already taxed, taxing capital gains at full rates can be seen as a form of double taxation and a disincentive to invest in corporate investment returns that help spur growth, innovation and hiring. —Veronique De Rugy, Orange County Register, 18 July 2024

The unifying mantra of warding off the extremists now gives way to disagreements over taxation, Russia, immigration and all manner of other things, which some of the coalition members have had some questionable positions on in the past. —New York Daily News Editorial Board, New York Daily News, 9 July 2024

Because of its tiny size, the town plans to introduce financial taxation for all hotels and accommodation, with compensation ranging from €0.50 to €2.50 per tourist. —Alison Blanc, Architectural Digest, 29 June 2024

Citing previous cases in a lengthy review of tax policy going back to the American Revolution, the justice wrote that U.S. tax law has long permitted taxation of partners on their share of income taken in by a partnership, even if the individual partners don't receive the money. —Compiled By Democrat-Gazette Staff From Wire Reports, arkansasonline.com, 21 June 2024

Word History

First Known Use

14th century, in the meaning defined at sense 1

Kids Definition

taxation

noun

tax·​a·​tion tak-ˈsā-shən 

: the action of taxing

especially : the establishing of taxes

Legal Definition

taxation

noun

tax·​a·​tion

1

: the action of taxing: as

a

: the imposition of taxes

b

: the judicial determination of costs

2

a

: revenue obtained from taxes

b

: the amount assessed as a tax

3

: a particular system of taxing

progressive taxation