tax
noun
  1. money taken by the government or by an official body to pay for government services

  2. an amount of money charged by government as part of a person's income or on goods bought

    Usage
    to levy or impose a tax
    to make a tax payable
verb

to make someone pay a tax, to impose a tax on something

Examples
  • Businesses are taxed at 40 per cent.

  • Income is taxed at 35 per cent.

  • Luxury items are heavily taxed.

Browse by Subjects
tax at source
incentive stock option (ISO)
excise tax
real return after tax
tax payable
See All Related Terms »

Morningstar, Inc.
defer
functional reporting of expenses
Invisible supply
annualised