Recent Examples of taxpayer from the Web
For the wealthiest taxpayers, the provision could create big savings by slashing top rates from 39.6 percent to 25 percent on some income.
The exemption phases out for taxpayers with adjusted gross income above a certain level.
Acting as a watchdog, on guard for taxpayers, is a core function of news outlets such as the Times.
That trip, which could only reasonably have been made on a Learjet 55, cost taxpayers nearly $18,000.
That meant the Legislature adjourned its regular session without a state budget and ended up having to hold a special session, which cost the taxpayers hundreds of thousands of extra dollars.
Millions of taxpayer dollars from the $930 million Move Seattle levy go toward the road-safety effort annually, SDOT reports.
One of those is our state's investment of millions of taxpayer dollars in a private company.
Charters are public schools, and their operations are funded by taxpayer dollars.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'taxpayer.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of taxpayer
Financial Definition of TAXPAYER
What It Is
A taxpayer is a person or organization that must pay taxes to a federal, state, or local agency.
How It Works
For example, let's assume that Jane is an employee of Company XYZ. She earns $150,000 per year.
In addition to paying federal income taxes, unemployment taxes, Social Security taxes, and Medicare taxes, Jane will likely owe state and local income taxes, all of which will be withheld from her paycheck. When she receives her after-tax paycheck, she might spend it on gas for her car, groceries, clothes and utilities, all of which trigger more tax payments (in the form of sales, excise, gas and other taxes).
Why It Matters
Virtually every human being in America is a taxpayer at some point, even if he or she does not file an IRS Form 1040 or pay federal income taxes. People pay taxes when they pay their phone bills, buy airline tickets, use toll roads, buy gasoline, rent hotel rooms, get a fishing license or engage in other everyday activities. Children even pay sales taxes when they buy candy with allowance money.
TAXPAYER Defined for English Language Learners
TAXPAYER Defined for Kids
legal Definition of taxpayer
Seen and Heard
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