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Tax Definition

(noun)
definitions

a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions


examples

higher taxes will dampen consumer spending

a tax on fuel

they will have to pay tax on interest earned by savings

a tax bill

tax cuts

(noun)
definitions

a strain or heavy demand


examples

a heavy tax on the reader's attention

(verb)
definitions

impose a tax on (someone or something)


examples

the income will be taxed at the top rate

(verb)
definitions

make heavy demands on (someone's powers or resources)


examples

she knew that the ordeal to come must tax all her strength

(verb)
definitions

confront (someone) with a fault or wrongdoing


examples

why are you taxing me with these preposterous allegations?

(verb)
definitions

examine and assess (the costs of a case)


examples

an officer taxing a bill of costs

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