tax

noun, often attributive
\ ˈtaks How to pronounce tax (audio) \

Definition of tax

 (Entry 1 of 3)

1a : 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

tax

verb
taxed; taxing; taxes

Definition of tax (Entry 2 of 3)

transitive verb

1 : to levy a tax on
2 : to make onerous and rigorous demands on the job taxed her strength
3 : charge, accuse taxed him with neglect of duty also : censure
4 : to assess or determine judicially the amount of (costs in a court action)
5 obsolete : to enter (a name) in a list there went out a decree … that all the world should be taxed — Luke 2:1 (King James Version)
variants: or taxo- or less commonly taxi-

Definition of tax- (Entry 3 of 3)

: arrangement taxeme taxidermy

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Other Words from tax

Verb

taxable \ ˈtak-​sə-​bəl How to pronounce taxable (audio) \ adjective
taxer noun

Synonyms for tax

Synonyms: Noun

Synonyms: Verb

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Examples of tax in a Sentence

Noun 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? Verb He believes in taxing the rich to give to the poor. You are taxed according to your income. puzzles that tax your brain
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Recent Examples on the Web: Noun The 2007 study found a number of variables — including the price of crude oil, refinery prices and the state’s gas tax — affected Washington’s gas prices. Christine Clarridge, The Seattle Times, "Washingtonians likely to feel pain at the pump after Saudi attack," 17 Sep. 2019 Another theory is that rates spiked as US companies withdrew money to make quarterly tax payments to the Treasury Department. Matt Egan, CNN, "A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market," 17 Sep. 2019 At the time, the IRS had placed liens on Caldero for back taxes totaling at least $250,000 and his home on Chicago’s Northwest Side was being foreclosed on by the bank, records show. Jason Meisner, chicagotribune.com, "Ethics board levels $25K fine on political consultant recorded allegedly arranging Viagra, sexual services for disgraced former Chicago alderman," 17 Sep. 2019 Last week, the center asked the Florida Legislature to increase its share of cigarette tax money from 4% to 10% -- an additional $22 million -- to pay for a new inpatient clinical research center and expansions and operations. Naseem S. Miller, orlandosentinel.com, "AdventHealth partners with Moffitt Cancer Center to bring clinical trials to Orlando," 17 Sep. 2019 Revenues for the newspaper have doubled since Trump took office, according to the group’s tax filings. Seth Hettena, The New Republic, "The Obscure Newspaper Fueling the Far-Right in Europe," 17 Sep. 2019 The walkout could cost the automaker about $50 million a day in earnings before interest and taxes, according to a Credit Suisse analyst cited by Bloomberg News. Kate Gibson, CBS News, "What striking autoworkers want from General Motors," 16 Sep. 2019 MacDonald opted for a lump sum payment of $2.3 million, and took home $1.56 million after taxes. Rachel Desantis, PEOPLE.com, "Two-Time Cancer Survivor Wins $4.6 Million in Oregon Lottery: 'I Am a Very Lucky Guy'," 16 Sep. 2019 The ministry took in more than $1 million in revenue in 2016, mostly donations, and had more than $1.8 million in assets, according to tax filings. al, "Birmingham ministry founder reinstated after scandal," 16 Sep. 2019 Recent Examples on the Web: Verb Right now, cities, counties and other taxing entities can collect up to 8 percent more in property tax revenue each year without voter approval. Joshua Fechter, ExpressNews.com, "San Antonio’s new $2.9 billion budget to fund affordable housing, domestic violence prevention," 12 Sep. 2019 The next step is seeking approval from the Village Board and then holding a joint review meeting with other taxing districts. Diane Dachota, chicagotribune.com, "Western Springs moving forward with plans for north downtown TIF district," 7 Sep. 2019 The 24-year-old form Italy is coming off a taxing four-hour battle and has had every match in this tournament go at least four sets. Daniel Rapaport, SI.com, "At the U.S. Open, It's Down to Rafael Nadal and Everyone Else," 5 Sep. 2019 Players are increasingly voicing dissatisfaction with travel and scheduling that makes for a taxing in-season experience. Mike Anthony, courant.com, "Mike Anthony: Engelbert taking first steps toward transforming WNBA," 25 Aug. 2019 During a recent interview, Stevens spoke about the taxing life of a professional wrestler and the moments from this season that ended up feeling all too true-to-life. Sean Neumann, New York Times, "A ‘GLOW’ Star and Pro Wrestler Finds Art Imitating Life," 11 Aug. 2019 Her lower federal tax for 2018 resulted from the changes in the new tax law because more of her income was taxed at lower tax rates and the alternative minimum tax was eliminated. Ray Martin, CBS News, "IRS to taxpayers: Check your tax withholding now," 28 June 2019 Also Wednesday, Democratic Sen. Ron Wyden of Oregon announced federal legislation that would tax e-cigarettes in the same way as traditional cigarettes. David Eggert, The Denver Post, "Michigan to become 1st state to ban flavored e-cigarettes," 4 Sep. 2019 King George and his ministers could only enact laws, including laws that taxed the British people, with the consent of Parliament. Eliga Gould, The Conversation, "The American Founders made sure the president could never suspend Congress," 3 Sep. 2019

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.

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First Known Use of tax

Noun

14th century, in the meaning defined at sense 1a

Verb

14th century, in the meaning defined at sense 4

History and Etymology for tax

Verb

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 entry 2

Combining form

Greek taxi-, from taxis

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More Definitions for tax

tax

noun

Financial Definition of tax

What It Is

Taxes are required payments from citizens to governments. The payments fund projects and expenditures that serve the public interest.

How It Works

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.

Why It Matters

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.

Source: Investing Answers

tax

noun
How to pronounce tax- (audio)

English Language Learners Definition of tax

 (Entry 1 of 2)

: 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

tax

verb

English Language Learners Definition of tax (Entry 2 of 2)

: 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)

tax

noun
\ ˈtaks How to pronounce tax (audio) \

Kids Definition of tax

 (Entry 1 of 2)

: money collected by the government from people or businesses for public use

tax

verb
taxed; taxing

Kids Definition of tax (Entry 2 of 2)

1 : to require to pay money to a government for public use
2 : to cause a strain on Fighting to survive the storm taxed their strength.

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Legal Definition of tax

 (Entry 1 of 2)

1 : to assess or determine judicially the amount of (costs of an action in court)
2 : to levy a tax on tax the corporation tax capital gains

Other Words from tax

taxer noun

tax

noun, often attributive

Legal Definition of tax (Entry 2 of 2)

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

History and Etymology for tax

Transitive verb

Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix

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More from Merriam-Webster on tax

Thesaurus: All synonyms and antonyms for tax

Rhyming Dictionary: Words that rhyme with tax

Spanish Central: Translation of tax

Nglish: Translation of tax for Spanish Speakers

Britannica English: Translation of tax for Arabic Speakers

Comments on tax

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